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Taiwan News Morning Briefing – April 17

Pakistani activist for female education and Nobel Prize winner Malala Yousafzai could visit Taiwan, possibly as early as August this year, said a gove...

Pakistani activist for female education and Nobel Prize winner Malala Yousafzai could visit Taiwan, possibly as early as August this year, said a gove...

Market & Commodity ■ The Taiwan Stock Exchange (TWSE) main index opened 56.05 points lower to 9,600.82 on Friday, with turnover reaching NT$2.31 billion. (Taiwan News) ■ The US stocks close with tiny loss on Thursday. The Standard & Poor's 500 index edged down 1.64 points, a fraction of a percent, to 2,104.99. The Dow Jones industrial average slipped 6.84 points, less than 0.1 percent, to 18,105.77, and the Nasdaq composite lost 3.23 points, also less than 0.1 percent, to 5,007.79. (AP) World News ■ Angry relatives of passengers who drowned in a ferry sinking snub South Korea's president on the disaster's anniversary despite her pledges to salvage the ship. (AP) ■ The search area for missing Malaysia Airlines Flight 370 will be expanded by another 60,000 square kilometers (23,000 square miles) in the Indian Ocean if the jetliner is not found by May, officials say, affirming their commitment to not give up until it is located. (AP) ■ The United Nations human rights office urges Thailand to speed up an investigation into the disappearance of an ethnic minority environmental activist who helped villagers report illegal activity in the largest national park. (AP) ■ European Union nations are struggling to confront the challenge of waves of migrants coming across the Mediterranean and have few answers to contain the humanitarian catastrophe highlighted by reports that 400 people drowned this week. There are no emergency EU meetings planned or proposals ready to be implemented. (AP) ■ World cinema heavyweights including China's Jia Zhangke, Italy's Paolo Sorrentino and the United States' Gus Van Sant will compete for prizes at next month's Cannes Film Festival. (AP) Local News ■ A woman hoping to become her country’s first female president announced a second run for the presidency this week. Her previous bid failed due to stronger opponents, but this time, opinion polls show her in a commanding lead with the opposing side divided between several contenders, none of them an obvious winner. (Taiwan News) ■ Former Changhua County Magistrate Cho Po-yuan saw his property and offices raided by prosecutors Thursday in an investigation reportedly focusing on allegations of money laundering. (Taiwan News) ■ The Taipei City Government has announced two alternative solutions to the problems facing completion of the Giant Egg dome project on Zhongxiao East Road, neither of which the contractor FarGlory has found to its liking. The first possibility would be to carry out construction of the dome and demolish the other commercial buildings in the tract; the second would be the other way around, scrapping the dome project and adapting it to other public uses while retaining the other buildings being put up in the area. (Taiwan News) ■ Local beverage company Stornaway is struggling to deal with the revelation that DDT residues were detected in a routine government inspection of its stocks of rose tea leaves. The news set off another round of criticism and skepticism about quality standards in Taiwan’s food industry as company managers scrambled to explain the situation and work out a solution to calls for refunds and replacements for customers. (Taiwan News) ■ Taiwan’s three leading telecommunications companies saw billions of dollars in the value of their stocks evaporate Wednesday amid continuing price wars that offer 4G users unlimited Internet access for less than NT$1000 a month. (Taiwan News) ■ Taipei Deputy Mayor Teng Chia-chion Thursday stated that there can be no compromises on safety requirements, and that the Taipei Dome will not be allowed to commence operations merely to accommodate the interests of its builder. (CNA) ■ Taiwan Semiconductor Manufacturing Co. (TSMC), the world's largest contract chip manufacturer, cut its annual capital expenditure target by NT$1 billion (US$32 million) Thursday as it continued to improve its capital efficiency. (CNA)


Updated : 2021-09-23 07:45 GMT+08:00