Taipei, Taiwan (AFP) Taiwan announced plans for a record increase to its defence budget on Thursday after huge military drills by China earlier this month sent tensions between the two to their highest in decades. Taipei has proposed a defence budget of Tw$415.1 billion ($13.7 billion) for next year, up 13 percent year-on-year, pending parliamentary approval. An additional special budget will also be created specifically to acquire new fighter jets and other projects to boost […]