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Taiwan News Morning Briefing – January 8

Taiwan News Morning Briefing – January 8

Market & Commodity ■ Taiwan stock exchange (TWSE) opened up 87.23 points to 9,167.32 on Thursday, with turnover reaching NT$2.32 billion. (Taiwan News) ■ U.S stock markets closed higher Wednesday, ending a five-day losing streak, as investors cheered a slight upturn in the price of oil and hoped for more stimulus for Europe's struggling economy. The sharp drop in oil over the past six months has many worried that the global economy is slowing. The Dow Jones industrial average rose 212.88 points, or 1.2 percent, to 17,584.52. The Standard & Poor's 500 index rose 23.29 points, or 1.2 percent, to 2,025.90. The Nasdaq composite rose 57.73 points, or 1.3 percent, to 4,650.47. (AP) World News ■ Masked gunmen stormed the offices of a French satirical newspaper, killing 11 people before escaping, police and a witness said. Xavier Castaing, head of communications for the Paris police prefecture, confirmed the deaths in the shooting at the offices of Charlie Hebdo, a satirical weekly that been repeatedly threatened for publishing caricatures of the Prophet Muhammad, among other controversial sketches. (AP) ■ The Vatican is increasing assistance to Western African countries hard-hit by the Ebola virus, setting aside 3 million euros ($3.55 million) to fund protective gear for care-givers, transport for sick patients and care for orphans left behind. (AP) ■ Hong Kong leaders launch a second consultation on how to choose the city's top leader in 2017, after signaling their firm intention to stick with a proposal to screen candidates, an issue that sparked massive street protests throughout the fall. Chief Secretary Carrie Lam opened the weekslong consultation by addressing the territory's Legislative Council. (AP) ■ U.S. President Barack Obama on Wednesday condemned the deadly shooting at a magazine office in Paris on Wednesday, calling it a terrorist attack against its ally, France.Obama offered U.S. assistance after the attack that killed at least 12 people at the offices of the satirical magazine Charlie Hebdo, including two police officers. The gunmen have not been apprehended, according to a report by Reuters. ■ U.S. new trade data was released on Wednesday and showed signs of ever-stronger consumer spending confirmed the United States remains the bright spot in a global economy plagued by uncertainty. The trade deficit shrank in November to less than $40 billion, providing a boost to growth as Americans spent less on imported oil. Local News ■ In a surprise move, Transportation Minister Yeh Kuang-shih tendered his resignation Wednesday night after Kuomintang legislators failed to back his reorganization plan for the troubled high-speed rail company.(Taiwan News) ■ The recall vote against Kuomintang legislator Alex Tsai is most likely to take place on February 14, the Central Election Commission said Wednesday. (Taiwan News) ■ Former President Chen Shui-bian’s son Chen Chih-chung might have to wait at least two years before he can run for a legislative seat for the Democratic Progressive Party, the opposition said Wednesday.(Taiwan News) ■ Taiwanese smartphone vendor HTC announced a strategic partnership with U.S.-based major sportswear brand Under Armour (UA) to develop a series of integrated devices designed for fitness enthusiasts and will support UA’s new personalized health and fitness platform-- UA Record. (Taiwan News)


Updated : 2021-09-20 01:11 GMT+08:00