Reuters, TOKYOJapan’s Takata Corp, the firm at the center of the auto industry’s biggest-ever product recall, filed for bankruptcy protection in the US and Japan, and said it would be bought for US$1.6 billion by US-based Key Safety Systems Inc (KSS). In the biggest bankruptcy of a Japanese manufacturer, Takata faces tens of billions of US dollars in costs and liabilities resulting from nearly a decade of recalls and lawsuits. The agreement is meant to allow Takata to continue operating without interruptions and with minimal disruptions to its supply chain. Takata faces billions of US dollars in lawsuits and recall-related costs to its clients, including Honda, BMW, Toyota Motor Corp and others which have been paying recall costs to date. Industry sources have said that recall costs could climb to about US$10 billion.
By Shelley Shan / Staff reporterThree to five typhoons are expected to directly affect Taiwan this summer, the Central Weather Bureau said yesterday. About 21 to 25 tropical storms or typhoons will form in the northwest Pacific Ocean from this month through December, Lu said, adding that an average of 23.1 typhoons form in the region each year. The bureau forecasts that three to five typhoons are likely to directly affect Taiwan, Lu said, adding that the annual average for the nation is 3.6 typhoons. The bureau’s data show that 70 percent of typhoons that hit the nation are classified as “moderate” to “strong,” Lu said. Despite torrential rain that caused damage in northern Taiwan, this year’s plum fains were still within normal parameters, Lu said.
By Lin Chia-nan / Staff reporterNearly 200 Taiwanese committed suicide last year by consuming the highly toxic herbicide paraquat, a National Taiwan University (NTU) academic said yesterday. People consuming paraquat die painfully from pulmonary fibrosis, with their lung tissue growing thick and hardened, he said, adding that they can be described as dying from slow respiratory failure. Tightened management has proved ineffective in the past, the Department of Mental and Oral Health Director Shen Lih-jong (諶立中) said. “The most effective way to prevent suicide is to restrict access,” Shen said, adding that paraquat is too easy for farmers to obtain. Watching patients die after consuming paraquat is a nightmarish experience for any medical intern, he said.
AFP, HALLE WESTFALEN, GermanyRoger Federer on Sunday thrashed Alexander Zverev to win his ninth Gerry Weber Open title and admitted he is feeling fresh ahead of his assault on an eighth Wimbledon crown next month. In the deciding tiebreaker, Lopez saved a match point when trailing 6-5 with a forehand volley, before sealing victory at the third attempt. A beaten finalist in 2014 when he failed to capitalize on a match point against Grigor Dimitrov, Lopez once more displayed his skills on grass. “It’s the best week of my career — to win this tournament at this stage of my career, it’s so amazing. It’s tough to put that match point [in 2014] away from my mind.
LONDON -- Conservative Prime Minister Theresa May's minority government signed a cooperation agreement with Northern Ireland's Democratic Unionist Party Monday. Video footage, distributed by May's office to the BBC and other media, showed May and DUP leader Arlene Foster watching the signing. However, the two sides did not immediately disclose the content. Foster said earlier that they planned a "confidence and supply" agreement that stops short of a formal coalition, but ensures the DUP's support on key votes in parliament.
Source:The China Post
June 26, 2017 11:03 UTC
The local economy flashes a different color based on how the NDC's composite monitoring indicator fluctuates. The NDC is scheduled to publish economic composite index data for May on Tuesday. The council uses a five-color system to gauge the country's economic performance, with blue indicating economic recession, yellow-blue representing economic sluggishness, green denoting stable growth, yellow-red referring to a warming economy and red pointing to economic overheating. The composite monitoring index is comprised of nine factors. However, the sub-index for share prices will flash yellow-red as the local equity market continued its uptrend last month.
Source:The China Post
June 26, 2017 09:56 UTC
By Lee I-chia / Staff reporterTaipei Mayor Ko Wen-je (柯文哲) yesterday said that in addition to the four reciprocal principles he espoused for the previous twin-city forums between Taipei and Shanghai, another — “mutual consideration” — must be added for the upcoming forum. Ko was responding to media queries about the upcoming twin-city forum, which is scheduled to start in Shanghai on Sunday. Ko’s original “four mutual” principles for cross-strait issues are mutual recognition, mutual understanding, mutual respect and mutual cooperation. “The forum is about exchanges between the two cities, and will not be concerned with high-level political issues,” he said. “It is mainly about the civic interactions between organizations, companies and young people.”“Only interaction can foster kindness and only kindness can break the deadlock.
Reuters, LONDONBritain’s parliament was on Saturday hit by a “sustained and determined” cyberattack designed to identify weak e-mail passwords about a month after a ransomware worm crippled parts of the nation’s health service. “Earlier this morning, we discovered unusual activity and evidence of an attempted cyberattack on our computer network,” an e-mail sent by parliamentary authorities to the affected people said. “Closer investigation by our team confirmed that hackers were carrying out a sustained and determined attack on all parliamentary user accounts in an attempt to identify weak passwords,” it said. “As a result, some members of parliament and staff cannot access their e-mail accounts outside of Westminster.”The attack began on Friday night, the Daily Telegraph reported. “We’ve seen reports in the last few days of even Cabinet ministers’ passwords being for sale online,” he told broadcasters.
That is how it was before the lifting of obstacles for Chinese travelers. We are going to introduce two hotel concepts under different brands on the site of the old Banciao Railway Station: Caesar Park Banciao (板橋凱薩飯店) and Hotel Cham Cham (趣淘慢旅店). Caesar Park Banciao is intended to become our flagship property in New Taipei City. Hotel Cham Cham is another of our brands, aimed at attracting young and fashionable travelers. Wu: We will open a large, 758-room property on the site of the former Wanhua Railway Station under the Taipei Caesar Metro (台北凱達大飯店) brand.
Members of protest organizer Citizen of the Earth, Taiwan (CET) and others gathered in front of the Control Yuan shouting: “Abolish Asia Cement’s mining rights! The Ministry of Economic Affairs said on Monday last week that its approval of the extension was not illegal, with Executive Yuan spokesperson Hsu Kuo-yung (徐國勇) saying the administration supports the ministry’s decision. “Should the Executive Yuan not do its job according to the law?”The CET led protesters to the Executive Yuan, which was guarded by dozens of police officers with shields in front of the main gate of the compound. Political commentator Yao Li-ming (姚立明) said he had followed the mining extension issue since March. DPP Legislator Chen Man-li (陳曼麗), who joined the march, said the government should request that all mining firms stop their mining activity until problems with the Mining Act are resolved.
AP, ISTANBUL, TurkeyTurkish President Recep Tayyip Erdogan yesterday rejected a demand by major Arab states to remove Turkish troops from Qatar, saying their sweeping list of ultimatums has threatened the small Gulf nation’s sovereignty. Erdogan said he made a similar offer to Saudi Arabia to set up a base a while ago, but did not hear back from the king. Doha received a 13-point list from Saudi Arabia, United Arab Emirates, Egypt and Bahrain that included demands to shut down the al-Jazeera network and cut ties with several groups, including the Muslim Brotherhood. Turkey’s president said his nation “admires and embraces” Qatar’s attitude, while slamming the demands by arguing they contradict international law. “Here we see an attack against a state’s sovereignty rights,” Erdogan said.
Aboriginal singer Sangpuy Katatepan, known for performing ancient Puyuma songs, grabbed the night’s biggest award, Album of the Year, with Yaangad. He also won the awards for Best Vocalist (Aboriginal Language) and Best Vocal Recording Album. It has won Best Band four times in 2001, 2004, 2009 and 2012. Hong Kong singer-songwriter Khalil Fong (方大同) took home the Best Male Vocalist (Mandarin) award for his album Journey to the West (西遊記). Chang Yu-sheng’s music is considered to be timeless and highly influential in the Mandarin music scene, inspiring performers such as Mayday.
AFP, TOKYOJapan wants to hold informal free-trade talks with Britain as it also works to sign a deal with the EU, a report said yesterday. Japanese Prime Minister Shinzo Abe said he wants to reach a basic free-trade agreement with the EU next month. Japan does not currently have a trade deal with the EU, but is locked in long-running negotiations with the bloc. “The Japan-EU Economic Partnership Agreement will be a model for 21st-century economic order.”Abe added that he hoped the EU deal would provide the same stability promised by the enormous Trans-Pacific Partnership pact. Meanwhile, Britain is turning to the world’s poorest countries to shore up trade as Brexit puts existing deals on an uncertain footing.
AFP, ATHENSRags to riches NBA All-Star player Giannis Antetokounmpo on Saturday spoke openly of his Nigerian origins and of eking out a living trading on the streets of Athens long before his US$100 million deal with the Milwaukee Bucks. “We are the products of two cultures, Greek and Nigerian, and we took the best of both worlds,” Giannis said. “There are many people who have gone through tough times, but you still have to look for the light. However, basketball changed their lives and last year Giannis signed a US$100 million four-year contract with the Bucks. The Antetokounmpo brothers are very popular in Greece and earlier this month drew a standing-room-only crowd of 5,000 spectators during an exhibition game they organized in the northern Greek city of Thessaloniki.
Staff writer, with CNAPresident Tsai Ing-wen (蔡英文) yesterday posted a message on Facebook to Muslims, who are celebrating Eid al-Fitr, which marks the end of the month of Ramadan. Tsai’s post included a video that urged the public to also celebrate Eid al-Fitr, which she said was a significant holiday for Muslims and a celebration of bonds among families and friends. Tsai thanked Muslim immigrants for their contribution to Taiwan’s economy and said Muslim culture had enriched Taiwanese society. The government has also been advocating the establishment of Muslim prayer rooms in public places and the celebration of Muslim festivals, she said. Meanwhile, the Taipei City Government yesterday held an event to celebrate Eid al-Fitr, with Taipei Mayor Ko Wen-je (柯文哲) handing out 500 green envelopes to participants.