Drone strikes attacked an oil processing facility at Abqaiq and the nearby Khurais oil field on Saturday.Marketsread more
Trump said oil would be released if needed to keep the market well supplied and he would expedite the approval of pipelines in Texas and other states.Marketsread more
Saudi Aramco is aiming to restore by Monday about a third of its crude output that was disrupted after drone attacks on two key oil facilities, The Wall Street Journal...Marketsread more
Apple's new iPhones can still send texts, download apps, and make video calls, but the company spends a lot of time and effort marketing its new phones as powerful photography...Technologyread more
The trucking industry is worth hundreds of billions of dollars per year. Uber is going after this market with Uber Freight, an online platform that matches truckers with...Technologyread more
Some U.S. manufacturers say tariffs, if targeted, will help address longstanding unfair trade practices like intellectual property theft.Traderead more
Supporters of a $15 minimum wage ballot initiative in Florida argue the state's inflation-tied pay hikes have not gone far enough.2020 Electionsread more
Saudi Arabia shut down half its oil production Saturday after drone strikes hit the world's largest oil processing facility in an attack claimed by Yemen's Houthi rebels.Politicsread more
Trusii's hydrogen water machines were supposed to help users with their health problems, but customers claim the company is involved in a giant scam.Technologyread more
The decoupling of the world's two weightiest economies seems as inescapable as its extent and global impact remains incalculable.Politicsread more
BlackBerry has reinvented itself to become a leader in securing mobile communications and in embedded communications. Next year it plans to roll out new products. CEO John...Evolveread more
Taiwan's President Tsai Ing-wen has called for Chinese warplanes that cross a maritime line separating the two sides to be "forcefully expelled."
In a post showing the Taiwanese leader giving orders on the phone, Tsai condemned the incursions as an "outright provocation of regional security and stability."
"I have ordered the military to forcefully expel any incursions across the 'median line' immediately," she said, according to a CNBC translation of her post written in Chinese. The so-called median line on the Taiwan Strait separates mainland China from the island.
Taiwan scrambled aircraft to drive away the Chinese planes on Sunday, the self-ruled island's defense ministry said.
China has repeatedly sent military aircraft and ships to circle Taiwan during drills in recent years and worked to isolate the island internationally. Beijing views Taiwan as a renegade Chinese province and has sought to bring the island under its control — by force if necessary.
According to risk consultancy Stratfor, the incident on Sunday is "one of the most serious incursions by People's Liberation Army Air Force fighter jets on the Taiwanese side of the maritime border this century."
The duration of the latest incursion — about 10 minutes — implies it was intentional, and reflects escalating tensions between China and Taiwan amid the broader U.S.-China geopolitical struggle, Stratfor said in a post on Monday.
"China's apparent ending of the informal nonincursion agreement might be an effort to test Taipei's response, and it could compel Taipei to seek negotiations on avoiding escalations from such encounters," said Stratfor.
"It could result in Taiwanese fighters making their own incursions on the west side of the line, which in turn could lead to a cycle of tit-for-tat provocations coming amid already-tense cross-strait relations," the report added.
China's defense ministry did not immediately respond to CNBC's request for comments.
But during a scheduled press conference on Tuesday, China's foreign ministry spokesman Geng Shuang criticized Tsai, saying "her ridiculous words are pure nonsense and indeed infuriating." He said the latest incident "is not a diplomatic matter" and urged the U.S. to abide by Beijing's "one China" principle — which stipulates that Taiwan is a part of China.
Taiwan is one of a growing number of flashpoints in the U.S.-China relationship, which includes an ongoing trade war and Beijing's increasingly aggressive military posture in the South China Sea.
In late March, the U.S. sent Navy and Coast Guard ships through the Taiwan Strait, as part of an increase in the frequency of movement through the waterway — despite opposition from Beijing.
After the incursion on Sunday, a spokesman for Taiwan's presidential office, Huang Chung-yen, said Beijing "should stop behavior of this sort, which endangers regional peace, and not be an international troublemaker," Reuters reported.
— Reuters contributed to this report.