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(Bloomberg) One of Taiwan’s last diplomatic allies severed relations with the island and switched its alliance to China, after the global chip hub elected a new leader Beijing views as “separatist.”Most Read from BloombergUS Economy Set for Another Cash Boost If Congress Backs Tax DealApple to Shutter 121-Person San Diego AI Team in ReorganizationBiden Says US Doesn’t Support Taiwan Independence After VoteTaiwan Markets Mixed as Election Result Seen to Force CompromiseThe government of Nauru,
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