Taiwan’s business community has carefully navigated US-Beijing relations. Fallout from Pelosi’s visit may force it to finally take sides

On Tuesday night, US Speaker of the House Nancy Pelosi is expected to arrive in Taiwan, according to multiple outlets, which will make her the highest-ranking US official to visit the island in 25 years. Beijing is furious about the visit, vowing retaliation once she makes landfall.

“We’re closely following the itinerary of Speaker Nancy Pelosi. If the US continues to stand on the wrong path, we’ll take strong and resolute measures to ensure our sovereignty and security,” Hua Chunying, a spokesperson for China’s Ministry of Foreign Affairs, said at a press conference on Tuesday.

Pelosi has not commented on the trip nor confirmed reports that she will travel to Taiwan. US Secretary of State Antony Blinken, henceforth, said Pelosi—not the White House—would make the final call on whether she would visit the island.

“If the speaker does decide to visit, and China tries to create some kind of crisis or otherwise escalate tensions, that would be entirely on Beijing,” Blinken told reporters on Monday.

Cross-strait tensions appear to have escalated to the point that it has become impossible to avoid taking sides. Taiwan’s business community, led by giants like iPhone maker Foxconn and chip manufacturer TSMC, is adept at

Small business owner confidence hits new low, survey says

Small business owner confidence hits new low, survey says

More than half of US business owners who participated in a survey released on Wednesday think the economy is already in a recession and more than three-quarters expect inflation to keep growing. Photo by Ryan Hodnett/Wikimedia

Aug. 3 (UPI) — Small business confidence has hit a new low, according to the results of a new survey released jointly by CNBC and Survey Monkey Wednesday.

The third-quarter survey found 57% of small business owners believe the United States is already in a recession, while another 14% believe the country’s economy will be in a recession by the end of this year.

Continually-rising inflation was a major concern for business owners. Of those surveyed, 77% expect inflation to continue to rise, and just 26% have confidence in the Federal Reserve’s ability to control inflation.

Inflation is the biggest risk to their business right now, according to 43% of those surveyed. That figure is up from 38% in the second quarter and represents a new high-water mark over the past year.

Of those small business owners polled, 77% expect prices to continue going up.

Republicans were more likely to have a negative view of the economy than Democrats, both in the general population

Google adds a tag to identify Asian-owned businesses in Search and Maps

Google is adding a label to help searchers easily find businesses that self-identify as Asian-owned. Google’s addition of business attributes that highlight identity popped up first with tags for women-led businesses in 2018. Later that year, Google added labels to distinguish veteran-owned businesses on searches and Maps.

In July 2020, Google introduced its label to focus searches seeking Black-owned businesses, in September 2021, Google added a Latino-owned tags, and most recently in June, the company added LGBTQ-led businesses to the list. Asian-owned businesses will be identified by a red and orange flower.

Like we’ve seen with the other tags, now searchers can easily find Asian-owned businesses through a Google search and via Google Maps. Business owners who have already created a verified business listing with Google can add the label by opting in, and can also opt-out at any time.

Google’s move to assist in identifying Asian-owned businesses comes after Yelp added labeling for Asian-owned businesses in April 2021. In a blog post announcing the new tag, product manager Leanne Luce pointed out a partnership to help thousands of Asian-owned small businesses gain digital skills, and how Google is doing this to stand in support against violent acts that