After healthy jobs report, US Federal Reserve might continue to keep interest rates steady. What's at stake in Taiwan's election?
Keep the Rate: The US economy added 145,000 jobs in December, 100,000 fewer than in November but still a healthy number, which can keep up with new workers joining the labour force, according to economists. The unemployment rate, meanwhile, remained steady at 3.5%, a historic low.
These numbers could encourage the US Federal Reserve to keep interest rates steady for the next few months as long as the economic outlook doesn't darken significantly. WSJ
FYI: Taiwan votes in presidential and parliamentary elections on Saturday. The results will be closely watched as they will set the course for relations between the island and China, its giant neighbour that claims it as its territory and routinely threatens to use military might to "reunite" it with the mainland. As a increasingly alarmed work looks at an assertive China's clampdown in Hong Kong and Xinjiang and its increasing geopolitical footprint around the world, Taiwan has become a centre of the Sino-West divide. What's at stake in Taiwan's election? Here's an explainer.
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