Asian markets mostly rose ahead of US jobs report
Asian markets mostly rose ahead of US jobs reportAFP, HONG KONGMost markets rose in Asia on Friday following another record close on Wall Street ahead of US jobs data, while Tokyo led gains on hopes for fresh stimulus after Japanese Prime Minister Yoshihide Suga said he would step down. The TAIEX on Friday added 1.14 percent to 17,516.92 points, taking its weekly gain to 1.8 percent. The TOPIX added 1.6 percent on Friday, carrying its weekly gain to 4.5 percent. South Korea’s KOSPI on Friday rose 0.8 percent, bringing its weekly gain to 2.1 percent. Alibaba, which has been a key target of Beijing’s drive against high-flying tech firms, said it would put the money to “common prosperity” schemes.
Source:Taipei Times
September 04, 2021 15:56 UTC
Aspirant KMT chairs share policies
Aspirant KMT chairs share policiesBy Shih Hsiao-kuang, Chen Yun and Jake Chung / Staff reporters, with staff writerThe four candidates vying for the position of Chinese Nationalist Party (KMT) chairperson yesterday took part in a televised policy presentation appealing for party members’ support. The KMT needs to “walk the walk” and provide more opportunities for young people, he said. The party culture of older members lecturing younger members needs to change, or else young people would find it difficult to accept the KMT, Chiang said. Sun Yat-sen School president Chang Ya-chung (張亞中) accused Chu and Chiang of making empty promises and not offering anything tangible. The KMT chairperson election is scheduled for Sept. 25, after being postponed from July 24 due to a COVID-19 outbreak.
Source:Taipei Times
September 04, 2021 15:56 UTC
Oil posts second weekly gain as Ida effects linger
Oil posts second weekly gain as Ida effects lingerBloombergOil in New York posted its second weekly gain as the impact of Hurricane Ida continues to snarl US oil production, although prices edged lower on Friday following a weak US jobs report. West Texas Intermediate futures capped a gain of 0.8 percent for the week, despite shedding 1 percent on Friday to settle at US$69.29 a barrel. Brent crude for October delivery on Friday fell 0.6 percent to settle at US$72.61 a barrel, up 1.3 percent for the week. Oil climbed this week as the market appears set to remain in deficit even as OPEC and its allies push ahead with reviving supply. “Oil prices continue to trade at relatively elevated levels despite OPEC+ reaffirming plans to normalize output and COVID-19 demand woes still present,” Danske Bank A/S senior analyst Jens Pedersen said.
Source:Taipei Times
September 04, 2021 15:56 UTC
COVID-19: Poland to donate 400,000 vaccine doses, MOFA says
COVID-19: Poland to donate 400,000 vaccine doses, MOFA saysMORE INCOMING: A second shipment of the BioNTech vaccine is to arrive on Wednesday, but it was uncertain how many doses would be included, an official saidStaff writer, with CNAPoland is to donate 400,000 doses of the AstraZeneca COVID-19 vaccine to Taiwan, the Ministry of Foreign Affairs (MOFA) said yesterday. Taiwanese media reports said the vaccine doses are scheduled to arrive at Taoyuan International Airport at around 6:30 am today, citing airport personnel. A healthcare worker administers a COVID-19 vaccine at Shin Kong Wu Ho Su Memorial Hospital in Taipei’s Shilin District yesterday. Meanwhile, a second shipment of the Pfizer-BioNTech vaccine is to arrive on Wednesday, a Taiwan Taoyuan International Airport official familiar with the matter said yesterday. Chen earlier this week said that more of the vaccine would likely be delivered within one or two weeks.
Source:Taipei Times
September 04, 2021 15:56 UTC
HPA urges use of risk calculator for heart disease
HPA urges use of risk calculator for heart disease‘SILENT KILLER’: People should not ignore the signs that show they are at risk of developing heart disease, which is the second-most common cause of death, the HPA saidBy Lee I-chia / Staff reporterPeople aged 35 to 70 should use the Health Promotion Administration’s (HPA) chronic disease risk calculator to understand their risk of developing coronary heart disease, the agency said on Tuesday. Coronary heart disease, which is often referred to as a “silent killer,” and hypertensive heart disease are common among middle-aged people, it said, adding that angina and heart attack are the most common coronary heart diseases that can cause sudden death. People should not ignore the signs, as they are important risk factors for coronary heart disease, HPA Deputy Director-General Wu Chao-chun (吳昭軍) said. The diseases are coronary heart disease, diabetes, hypertension, stroke and major cardiovascular events. Users of the risk calculator will be asked to provide data from their latest health exams, as well as their sex, age, waist size, systolic blood pressure, high-density lipoprotein, cholesterol and triglyceride levels if they want to calculate their risk of developing coronary heart disease, the HPA said.
Source:Taipei Times
September 04, 2021 15:56 UTC
European stocks mark worst fall in two weeks
European stocks mark worst fall in two weeksReutersEuropean stocks slipped on Friday as US employment data pointed toward slowing growth in the world’s largest economy, with retail and travel stocks exposed to US markets suffering the most. The pan-European STOXX 600 slipped 0.6 percent, marking its worst fall in two weeks after data showed that the US economy created the fewest jobs in seven month last month. Retail stocks were among the worst performers for the day, dropping 0.9 percent. The laggard US data were attributed to a rise in the highly contagious Delta variant of SARS-CoV-2. The European Central Bank is to meet next week amid calls from several hawkish members to slow down its pandemic-era purchases program.
Source:Taipei Times
September 04, 2021 15:56 UTC
Tech drives NASDAQ to record finish
“Tech has become bullet-proof,” Boston Partners global market research director Mike Mullaney said. Among the biggest decliners on the S&P 500 were cruise ship operators, whose businesses are highly susceptible to consumer sentiment around travel and COVID-19. The S&P 500 on Friday lost 1.52 points, or 0.03 percent, to 4,535.43 and the Dow Jones Industrial Average fell 74.73 points, or 0.21 percent, to 35,369.09. For the week, the S&P rose 0.6 percent, the Dow dipped 0.2 percent and the NASDAQ added 1.6 percent. The S&P 500 posted 50 new 52-week highs and one new low; the NASDAQ Composite recorded 123 new highs and 21 new lows.
Source:Taipei Times
September 04, 2021 15:56 UTC
Independence advocates protest KMT ‘collaborators’
Independence advocates protest KMT ‘collaborators’By Jason Pan / Staff reporterTaiwan independence advocates protested in Taipei yesterday, accusing leading Chinese Nationalist Party (KMT) members of collaborating with China to destroy Taiwan from within. Taiwan Republic Office director Chilly Chen (陳峻涵) criticized top KMT officials for “hanging on to the myth” of the so-called “1992 consensus” and the “one China” concept. Taiwan Republic Office director Chilly Chen, front, with microphone, speaks at a protest yesterday outside the TVBS Media building in Taipei’s Neihu District, where the four candidates in the election for the Chinese Nationalist Party (KMT) chairperson were holding a televised policy debate. Their ... words and actions are designed to tear apart Taiwan’s social cohesion and subvert our national unity,” Chen said. The protesters shouted slogans as each of the four KMT candidates arrived, namely incumbent KMT Chairman Johnny Chiang (江啟臣), former New Taipei City mayor Eric Chu (朱立倫), former Changhua County commissioner Cho Po-yuan (卓伯源) and Sun Yat-sen School president Chang Ya-chung (張亞中).
Source:Taipei Times
September 04, 2021 15:56 UTC
UEFA has ‘grave concerns’ over FIFA’s Cup plans
UEFA has ‘grave concerns’ over FIFA’s Cup plansAPUEFA president Aleksander Ceferin has “grave concerns” about FIFA’s plans to stage World Cups every two years and is astonished by the lack of consultation by Gianni Infantino’s governing body, correspondence obtained reporters showed on Friday. FIFA president Gianni Infantino, center, and other soccer officials watch a FIFA World Beach Soccer Championship match in Moscow on Sunday last week. Photo: AP“UEFA and its national associations also have serious reservations and grave concerns surrounding reports of FIFA’s plans,” Ceferin wrote to Evain in the letter. Photo: EPA-EFEWhile FIFA says it is in a consultation phase still, Infantino has been deploying Arsene Wenger to push the case. While Arsenal manager, Wenger complained about the African Cup of Nations being held every two years — especially as it disrupted the European season.
Source:Taipei Times
September 04, 2021 15:56 UTC
Gold gains as US jobs data ease taper woes; nickel, aluminum lead base rally
Gold gains as US jobs data ease taper woes; nickel, aluminum lead base rallyBloombergGold jumped to a seven-week high after a report showed that the US economy added fewer jobs than forecast, easing concerns that the US Federal Reserve will soon pare back stimulus. Nickel and aluminum led gains in most base metals. In base metals, aluminum added 1.3 percent to US$2,730 a ton on the London Metal Exchange, posting a second weekly gain. The metal climbed to a 10-year high this week as Chinese supply was constrained by an electricity savings drive. Copper rose 0.7 percent in London and nickel climbed 2.1 percent.
Source:Taipei Times
September 04, 2021 15:56 UTC
National Taiwan University falls to 113th in rankings
National Taiwan University falls to 113th in rankingsROOM TO GROW: After breaking the top 100 in last year’s world rankings, NTU fell behind in key categories, in which it said it would try to improveStaff writer, with CNANational Taiwan University (NTU) was on Thursday ranked the world’s 113th-best university, falling 16 places from its ranking last year in a Times Higher Education survey. The latest rankings used 13 indicators to measure an institution’s performance across five areas: teaching, research, citations, knowledge transfer and international outlook. Its scores in the three most heavily weighted categories — teaching, research and citations — were all down from last year. Taiwan increased the number of universities that made the cut, squeezing 40 schools into the ranking, compared with 38 listed last year. Taipei Medical University was ranked among a group of schools from 201st to 250th, the highest for any university other than NTU since National Tsing Hua University was ranked among the 226-to-250 tier in 2013.
Source:Taipei Times
September 03, 2021 15:56 UTC
INTERVIEW: Space program aims to attract new recruits
INTERVIEW: Space program aims to attract new recruitsBy Lin Chia-nan / Staff reporterThe National Space Organization (NSPO) plans to encourage technology transfers and spin-offs from within, in a bid to develop talent within the local space industry, NSPO Director-General Wu Jong-shinn (吳宗信) said in an interview with the Taipei Times on Aug. 23. In August 2016, he founded Taiwan Innovative Space (TiSPACE), but left in 2018. “Students of aerospace departments would fall short of their majors if they do not learn to make rockets,” Wu said. The rockets’ development would capitalize on technical advancement rather than what altitudes they could reach, he added. The NSPO and its supervisor, the Ministry of Science and Technology, are working to retool the third-phase space technology development program to accommodate policies stipulated by the Space Development Act (太空發展法), including fostering a space economy and establishing a long-term launch site.
Source:Taipei Times
September 03, 2021 15:56 UTC
Chip supply to stay tight for another year: Toshiba
“The supply of chips will remain very tight until at least September next year,” said Takeshi Kamebuchi, a director in charge of semiconductors at one of the company’s units. Nintendo Co’s Switch production has not been sufficient to serve customer demand, Nintendo president Shuntaro Furukawa said. The company intends to sell 25.5 million Switch units this fiscal year. Game console production is vulnerable to a lack of components. Some console customers have told the assembler that they might alter their circuit board design to reduce the required components, the person said.
Source:Taipei Times
September 03, 2021 15:56 UTC
DPP caucus stresses sovereignty after KMT’s accusations
DPP caucus stresses sovereignty after KMT’s accusationsBy Jason Pan / Staff reporterTaiwan is a sovereign country working to safeguard regional security, Democratic Progressive Party (DPP) caucus members said yesterday. They made the remarks in response to Chinese Nationalist Party (KMT) officials, who accused President Tsai Ing-wen (蔡英文) of supporting Taiwanese independence by referring to China as a “neighbor” in a speech on Tuesday. Photo: Chien Hui-ju, Taipei Times“We want to tell the KMT that Taiwan is a nation under the Republic of China framework, and we are an independent, sovereign country,” DPP Legislator Tsai Yi-yu (蔡易餘) said yesterday. “There is nothing wrong with referring to a country as a neighbor.”“China has vowed to take Taiwan by force. “The KMT has made a wayward interpretation of her comment, while the international community clearly understands what President Tsai meant,” Huang said.
Source:Taipei Times
September 03, 2021 15:56 UTC
German scientists find fresh evidence of canine intelligence
Now researchers have found fresh evidence of canine savviness, revealing dogs seem to be able to tell whether human actions are deliberate or accidental. A recent study suggests that dogs can distinguish intentional actions from unintentional behavior. Photo: USA TODAY SportsPrevious research has suggested dogs can track human attention to decide when to snaffle food, and respond to pointing gestures. Additionally, many dogs get excited over certain cues that may hint at a forthcoming action — such as when a leash is picked up. However, experts say it was unclear whether dogs really grasp the notion of human intention.
Source:Taipei Times
September 03, 2021 15:56 UTC