By Lee Hsin-fan and Jonathan Chin / Staff reporter, with staff writerTwo pro-marriage equality referendums are likely to be held alongside the local elections next month, after the Central Election Commission yesterday announced that they have passed the second-phase legal threshold. The commission on Tuesday is to decide whether the proposals will be on the ballot for the nine-in-one elections on Nov. 24. The proposals directly oppose three referendums organized by conservative groups and Chinese Nationalist Party (KMT) lawmakers that have already cleared the commission’s review process. The commission never should have allowed the three proposals, which are potentially unconstitutional, to become referendums, TAPCPR executive officer and LGBT rights attorney Victoria Hsu (許秀雯) said. “While anti-LGBT groups have better funding to buy ads, we will use public debate as our platform to spread factual information.”
By Kao Shih-ching / Staff reporterThe TAIEX yesterday slumped 6.31 percent to close at 9,806.11 points, its largest one-day drop of all time, but the government decided not to activate the National Stabilization Fund to prop up the local stock market. “So far, I have not seen any non-economical factor” rattling the stock market, which is key to activating the fund, Su said. The TAIEX closed down 660.72 points, surpassing the previous record drop of 617.65 points on March 3, 2000, with turnover totaling NT$205.33 billion. The TAIEX has declined more than 1,200 points so far this month, Taiwan Stock Exchange data showed. The committee would hold a special meeting whenever it is necessary to cope with the situation on the stock market, the ministry said in a statement.
AP, WASHINGTONThe US Department of the Treasury on Wednesday issued new rules on foreign investments into US companies that are to give the government more power to block foreign transactions on national security grounds. US Secretary of the Treasury Steven Mnuchin said the new interim rules would “address specific risks to US critical technology,” while also giving officials critical information they can use in developing the final rules. As part of the trade battle, Trump had initially ordered the Treasury Department to draft investment restrictions aimed specifically at China. However, in June, Trump decided to back Congress’ effort to tighten existing investment restrictions by increasing the powers of the Committee on Foreign Investment in the United States. Before the law was strengthened, the committee could only review foreign investments that were big enough to give the foreign group control of the US company.
AFP, BEIJINGGerman luxury carmaker BMW AG yesterday announced a plan to take control of its China joint venture, the first foreign automaker to take advantage of Beijing’s new ownership rules for the sector. BMW would acquire a further 25 percent stake in the venture with Brilliance China Automotive Holdings Ltd (華晨中國汽車控股) for 3.6 billion euros (US$4.2 billion), the company said, bringing its stake to 75 percent by 2022. The joint venture “is the cornerstone of the BMW brand’s sustained success in its largest single market,” BMW chairman Harald Kruger said. “BMW Group and Brilliance continue to set a good example of successful cooperation in China,” he said. With the new production capacity, the China joint venture would start to produce BMW vehicles like fully electric BMW iX3 for export globally from 2020, BMW said.
AFP, HONG KONGAsian markets plunged yesterday following the worst session on Wall Street for months, after US President Donald Trump said the US Federal Reserve had “gone crazy” with plans for higher interest rates. Taipei and the Shenzhen Composite Index — which tracks stocks on China’s second exchange — were both down about 6 percent. “I think the Fed is making a mistake,” Trump told reporters as he arrived for a campaign rally ahead of the US mid-term elections. Chinese Internet group Tencent Holdings Ltd (騰訊) fell for the tenth consecutive day, dropping more than 7 percent through morning trade. In other markets, oil extended declines in Asian trade yesterday following a sharp build in US crude inventories and fears that Hurricane Michael would hurt demand.
The definition of “smart healthcare” is extremely broad. Furthermore, AI constitutes just one small piece of the overall smart healthcare market. 滾雪球效應 (gun2 xue3 qiu2 xiao4 ying4)As a result of various background factors, “smart healthcare” will be an unstoppable force in the future. At last month’s launch of the updated Apple Watch, Apple revealed that the device now supports a heart rate monitor and wrist sensor and represents a significant step forward for the wearable device. Last year, Apple embarked on a partnership with Stanford University Medical Center to found the Apple Heart Study program, which uses Apple Watch to collect large amounts of data on heart rate activity from volunteers.
October 08, 2018 16:07 UTC
The IPCC report said at the current rate of warming, the world’s temperatures would likely reach 1.5°C between 2030 and 2052 after an increase of 1°C above preindustrial levels since the mid-1800s. Keeping the 1.5°C target would keep the global sea level rise 0.1m lower by 2100 than a 2°C target, the report said. That could reduce flooding and give the people that inhabit the world’s coasts, islands and river deltas time to adapt to climate change. The lower target would also reduce species loss and extinction, and the impact on terrestrial, freshwater and coastal ecosystems, the report said. “There were doubts if we would be able to differentiate impacts set at 1.5°C and that came so clearly.
BloombergChinese stocks yesterday tumbled as the nation’s markets resumed trading, capping their worst performance since 2008 after a week-long holiday. The yuan dropped with bond futures. The CSI 300 Index closed down 4.3 percent in Shanghai, with tech companies among the biggest drags, after Hong Kong equities tumbled last week. Hong Kong stocks lost 4.4 percent in the four days through Friday after a holiday on Monday last week, some of the worst declines in the world. Tencent Holdings Ltd (騰訊) slid 2 percent, below the key HK$300 level as it dropped for a seventh day.
Pompeo’s retort came after Wang accused the US of escalating trade disputes, interfering on Taiwan and meddling in the country’s domestic affairs. “These actions have damaged our mutual trust, cast a shadow over China-US relations and are completely out of line with the interests of our two peoples,” Wang told his US counterpart. “The issues that you characterized, we have a fundamental disagreement,” Pompeo said. China’s public show of displeasure represented one of the strongest signs yet that the widening list of disputes between the US and China could undermine their cooperation on North Korea. Unlike a trip in June, Chinese President Xi Jinping (習近平) did not grant Pompeo an audience.
Competitions are held across the country on various auspicious days each month before culminating in national championships attended by hundreds of raucous fans. “Alcohol and archery go hand in hand,” said Tashi Dorji, the research and development officer with the Bhutan Indigenous Games and Sports Association (BIGSA). We have a belief that if we drink we can hit the target better,” the 25-year-old said, barely hiding a sheepish grin. Opponents often plant women in the stands to distract the rivals,” said Ygyen Dorji, a mental health counselor and archery enthusiast. “The ladies mimic you, try to pull you down and one has to concentrate hard as pride and honor are at stake.”Fellow participant Karma Tshering said Bhutanese archers were not aspiring to global acclaim.
By Lee I-chia / Staff reporterTaipei Mayor Ko Wen-je’s (柯文哲) policy white paper for his mayoral election campaign was published yesterday. The paper, titled Our Blueprint, includes an assessment of Ko’s administrative performance over the past four years, categorized into 10 main aspects, including public housing and childcare services, transportation, smart city, education, culture and healthcare for elderly residents, as well as his policy views for the future. Ko said that policy white papers are usually printed as a book, but people are less willing to read such a thing and it would likely end up in the trash, so printing it as a thin magazine might encourage more people to peruse it over coffee. Gutmann on Tuesday last week said at a news conference in Taipei that Ko had told him he knew about the harvesting of Falun Gong members’ organs. Monthly registrations were more than 3,900, while monthly withdrawals were about 50, he said.
By Tung Chen-kuo and Sherry Hsiao / Staff reporter, with staff writerNearly 3,000 people on Sunday visited the Nantou Global Tea Expo in Chung Hsing New Village (中興新村). The expo aims to be a bridge between tea producers and consumers, Nantou County Commissioner Lin Ming-chen (林明溱) said at the event. The expo encourages tea producers to put more effort into their work, he said. The expo has also given tea from Nantou County an international reputation and created business opportunities for the tourism industry, Lin Ming-chen said, adding that he hopes people would visit Nantou to purchase local tea and enjoy the scenery. The Nantou Global Tea Expo began on Saturday and runs through Sunday.
The 10,500-point mark is considered psychologically important for investors, as the market tends to become volatile and bumpy whenever it falls below this level, Koo added. However, the commission did not act yesterday, with Koo later telling reporters that he thought the 0.58 percent decline was relatively small. Lawmakers on the committee asked Koo whether the state-owned National Stabilization Fund would intervene in the stock market to support local shares. However, he said that he remained confident in the local market as locally listed companies have sound fundamentals. Koo said the fund had not yet intervened because the stock market is “not in disorder” and he had not seen investors make irrational decisions.
By Rina Chandran / Thomson Reuters Foundation, PUERTO PRINCESA, PhilippinesWhen Theresa Walgraeve and her husband set up their 15-room resort in Puerto Princesa, a city on the Philippine island of Palawan, they worried about mosquitoes and monsoon damp — and the high cost of electricity. “Many guests are also mindful and appreciate the fact that we are zero carbon. Around the world, cities are at the frontline of the battle to curb emissions, as urbanization surges. More than 70 cities have pledged to become zero carbon by mid-century. Admittedly, Puerto Princesa is a smaller city, with a population of 223,000 people, according to the 2010 census.
TCL is said to be working with an adviser to explore a possible bid for the Dutch company’s 25 percent holding in Hong Kong-listed ASM Pacific Technology Ltd (太平洋). At the same time, activist investors Elliott Management Corp and Eminence Capital are said to have pushed ASM International to sell its ASM Pacific shares. The Dutch company’s machines are used to turn silicon wafers into chips, while ASM Pacific produces chip assembly and packaging machinery. “We’ve begun exploring opportunities with ASM Pacific and other domestic companies to understand the industry’s prospects,” TCL said in its filing. “As of this announcement, we’ve had preliminary contact with ASM International, but neither party has signed agreements or contracts.”