News Snapshot:
Taiwan will buy as many as 400 U.S. land-launched Harpoon missiles in the face of rising threat from China, Bloomberg News reported on Monday, citing a trade group’s leader and people familiar with the issue. A contract with Boeing that the U.S. Naval Air Systems Command issued on Taiwan’s behalf marks the first time the island will get the mobile, land-launched version, the report said citing Rupert Hammond-Chambers, president of the US-Taiwan Business Council. It previously purchased the ship-launched version. This month, U.S. House Speaker Kevin McCarthy hosted Taiwanese President Tsai Ing-wen in California and stressed the need to accelerate...