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TAIPEI China warned on Monday that peace in the Taiwan Strait and independence for Taiwan were mutually exclusive as the Chinese military said it had successfully completed exercises around the island, following three days of war games circling it.

Taiwan independence and Taiwan Strait peace and stability are mutually exclusive things, Chinese Foreign Ministry spokesman Wang Wenbin told a regular briefing, adding: If we want to protect peace and stability in the Taiwan Strait we must firmly oppose any form of Taiwan independence separatism.

China ended three days of military drills around Taiwan on Monday, saying they had tested integrated military capabilities under actual combat conditions, having practised precision strikes and also practised blockading the island that Beijing views as its own.

The Chinese military said it had successfully completed the exercises and comprehensively tested the capabilities of multiple units under actual combat conditions.

The troops in the theatre are ready to fight all the time and can fight at any time, resolutely crushing any form of Taiwan independence separatism and foreign interference, the Eastern Theatre Command of the Peoples Liberation Army said in a statement.

China announced the three days of drills on Saturday, after Taiwans President Tsai Ing-wen returned to Taipei following a meeting in Los Angeles with US House of Representatives Speaker Kevin McCarthy.

China regards Taiwan as a renegade province to be reunified with it, by force if necessary. Taiwans government strongly disputes Chinas claims and has denounced the drills.

Chinese state television said aircraft, including nuclear-capable H-6 bombers armed with live missiles, and warships staged drills to form a multi-directional island-encompasing blockade situation.

In the Taiwan Strait, the north-west and south-west of Taiwan and the waters east of Taiwan, (Chinese forces) took the initiative to attack, giving full play to their performance advantages, flexibly manoeuvring to seize favourable positions, and advancing at high speed to deter opponents, the report said. Taiwanese navy vessels anchored at Keelung Harbour in Taiwan on April 10. PHOTO: EPA-EFE The Eastern Theatre Command of the Peoples Liberation Army said the aircraft carrier Shandong also took part in combat patrols, and showed fighters taking off from its deck.

Taiwan has been tracking the Shandong since last week in the Pacific Ocean.

Taiwans Defence Ministry published a map on Monday of the previous 24 hours of Chinese air force activities, showing four carrier-based Chinese J-15 fighters operating over the Pacific Ocean to Taiwans east.

The ministry said that as at mid-morning on Monday, it had spotted 59 military aircraft and 11 ships around Taiwan, and that the Shandong carrier group was drilling in the Western Pacific.

The Shandong conducted air operations in waters close to Japans Okinawa islands on Sunday, Japans Defence Ministry said on Monday.

Jet fighters and helicopters took off from and landed on the carrier 120 times between Friday and Sunday, with the carrier, three other warships and a support vessel coming within 230km of Japans Miyako island, the ministry said. A jet fighter taking off from Chinese aircraft carrier Shandong, in the Pacific Ocean south of Japans Okinawa prefecture, on April 10. PHOTO: REUTERS Japan has been following Chinas military drills around Taiwan with great interest, a top government spokesman said on Monday.

Japan has long worried about Chinas military activities in the area, given how close southern Japanese islands are to Taiwan.

The importance of peace and stability in the Taiwan Strait is not only important for the security of Japan, but also for the stability of the international community as a whole, Chief Cabinet Secretary Hirokazu Matsuno told reporters.

The southern Japanese island of Okinawa hosts a major US air force base, and last August, when China staged war games to protest the visit of then US House Speaker Nancy Pelosi to Taipei, Chinese missiles landed within Japans exclusive economic zone.

The United States has said it is also watching Chinas drills closely. More On This Topic Pressured on three fronts, Japan takes the gloves off Armed to the teeth: Asia-Pacific countries in arms race amid tensions in region Chinas military simulated precision strikes against Taiwan on Sunday, the second day of drills around the island.

The Eastern Theatre Command on Monday released a short video on its WeChat account showing an H-6 bomber flying in what it said was the skies north of Taiwan.

The missiles are in good condition, an unidentified voice says, as the video shows images from the cockpit.

Start the fire control radar, lock on the target, another voice says, showing images of a missile under the aircrafts wing.

It then shows a pilot readying the fire control button for what it describes as a simulated attack, and pressing the button, though it did not show any missiles being fired. A pilot operating an aircraft under the Eastern Theatre Command of Chinas Peoples Liberation Army during the combat readiness patrols and Joint Sword exercises around Taiwan. PHOTO: REUTERS Taiwans military has repeatedly said it will respond calmly to Chinas drills and not provoke conflict.

The islands Defence Ministry separately released pictures on Monday of mobile launchers for the Taiwan-made Hsiung Feng anti-ship missiles at an undisclosed location, as well as missile-armed fast attack boats at sea.

Reuters reporters at the Cape Maobitou park in Pingtung County on Taiwans southern tip saw Hsiung Feng launchers deployed near a scenic spot on Monday, as soldiers stood guard and tourists watched. Hsiung Feng launchers at Cape Maobitou park in Taiwans Pingtung County on April 10. PHOTO: REUTERS Life in Taiwan has continued normally with no signs of panic or disruption, and civilian flights operating as usual.

Most normal people probably arent afraid, with the main reason being that everyone thinks that China will certainly not start a war, said retiree and former soldier Tang Pao-hsiung, 78.

Taiwans stock market brushed off the tensions, with the benchmark index up around 0.2 per cent early on Monday afternoon. REUTERS More On This Topic Taiwanese keep on dancing in the shadow of China military drills Two Taiwan trips reflect diverging visions on how to protect island

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Rare earth stocks surge on U.S-China trade dispute over the critical minerals

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Rare earth stocks surge on U.S-China trade dispute over the critical minerals

A dump truck moves raw ore inside the pit at the Mountain Pass mine, operated by MP Materials, in Mountain Pass, California, U.S., on Friday, June 7, 2019.

Joe Buglewicz | Bloomberg | Getty Images

Shares of U.S. rare earth miners surged in early trading Monday, after President Donald Trump threatened China with retaliation over its strict export controls.

USA Rare Earth soared more than 18%, Critical Metals surged 18%, Energy Fuels jumped more than 11%, and MP Materials rallied about 8%.

Trump on Friday threatened China with a “massive” increase in tariffs in retaliation for Beijing imposing strict export controls on rare earth elements. The president then dialed down his rhetoric on Sunday, saying the situation with China will “be fine.”

The Defense Department, meanwhile, is accelerating its effort to stockpile $1 billion worth of critical minerals, according to The Financial Times.

And JPMorgan Chase said Monday it would invest up to $10 billion in companies that are crucial to U.S. national security.

“It has become painfully clear that the United States has allowed itself to become too reliant on unreliable sources of critical minerals, products and manufacturing — all of which are essential for our national security,” JPMorgan CEO Jamie Dimon said in press release.

Rare earths are a subset of critical minerals that are crucial inputs in U.S. weapons platforms, robotics, electric vehicles and other applications.

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Bloom Energy shares soar more than 30% after striking deal with Brookfield to provide fuel cells to AI data centers

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Bloom Energy shares soar more than 30% after striking deal with Brookfield to provide fuel cells to AI data centers

Bloom Energy power storage equipment in San Ramon, California.

Smith Collection | Gado | Archive Photos | Getty Images

Shares of Bloom Energy surged Monday after striking a deal with Brookfield to deploy fuel cells for artificial intelligence data centers.

Brookfield will spend up to $5 billion to deploy Bloom Energy’s technology, the first investment in its strategy to support big AI data centers with power and computing infrastructure.

Shares of Bloom Energy were up more than 30% in early trading. Bloom’s fuel cells provide onsite power that can be deployed quickly because they do not rely on the electric grid.

Nvidia CEO Jensen Huang told CNBC last week that the AI industry will need to build power off the electric to meet demand quickly and protect consumers from rising electricity prices.

“Data center self-generated power could move a lot faster than putting it on the grid and we have to do that,” Huang told CNBC on Oct. 8.

This is breaking news. Please refresh for updates.

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JPMorgan Chase says it will invest $10 billion into industries critical for national security

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JPMorgan Chase says it will invest  billion into industries critical for national security

JPMorgan Chase says it will invest $10 billion into industries critical for national security

JPMorgan Chase on Monday said it is launching a decade-long plan to help finance and take direct stakes in companies it considers crucial to U.S. interests.

The bank said in a statement it would invest up to $10 billion into companies in four areas: defense and aerospace, “frontier” technologies including AI and quantum computing, energy technology including batteries, and supply chain and advanced manufacturing.

The money is part of a broader effort, dubbed the Security and Resiliency Initiative, in which JPMorgan said it will finance or facilitate $1.5 trillion in funding for companies it identifies as crucial. It said the total amount is 50% more than a previous plan.

“It has become painfully clear that the United States has allowed itself to become too reliant on unreliable sources of critical minerals, products and manufacturing — all of which are essential for our national security,” JPMorgan CEO Jamie Dimon said in the release.

As the biggest American bank by assets and a Wall Street juggernaut, JPMorgan was already raising funds and lending money to companies in those industries. But the move helps organize the company’s activities around national interests at a time of heightened tensions between the U.S. and China.

On Friday, markets tumbled as President Donald Trump announced new tariffs on Chinese imports after the major U.S. trading partner tightened export controls on rare earths.

In the release, Dimon said that the U.S. needs to “remove obstacles” including excessive regulations, “bureaucratic delay” and “partisan gridlock.”

JPMorgan said that within the four major areas, there were 27 specific industries it would look to support with advice, financing and investments. That includes areas as diverse as nanomaterials, autonomous robots, spacecraft and space launches, and nuclear and solar power.

“Our security is predicated on the strength and resiliency of America’s economy,” Dimon said. “This new initiative includes efforts like ensuring reliable access to life-saving medicines and critical minerals, defending our nation, building energy systems to meet AI-driven demand and advancing technologies like semiconductors and data centers.”

The bank said it would hire an unspecified numbers of bankers and create an external advisory council to support its initiative.

This story is developing. Please check back for updates.

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