Reported 8 months ago
Following reports from a community in Beitun District, Taichung on June 19, 2024, of a nearby building causing issues such as ground subsidence, the Construction Bureau inspected and determined safety concerns with the underground structure of the construction project, leading to an order to halt construction. Residents noted deformation in the garden gate, a 7cm crack nearby, and uplifted ground, suspecting the neighboring construction project to be the cause. The project leader expressed willingness to cooperate with community feedback and authorities are to oversee repairs and reevaluate the situation after consulting with a professional technician's association.
Source: YAHOO
Reported 8 months ago
A work safety accident occurred in Tainan, where a worker fell from a height and suffered an open fracture of the left leg, leading to an urgent hospitalization. The incident took place in Anping District, Tainan on the morning of June 19, 2024, with emergency responders promptly providing medical attention and sending the injured worker to Anan Hospital for treatment. The exact cause of the accident is still under investigation.
Source: YAHOO
Reported 8 months ago
On June 19, 2024, at 7:05 a.m., a 26-year-old man named Li was driving a truck on the northbound lane of Highway 1 near the 55th kilometer mark in Zhongli Service Area, causing items inside the vehicle to scatter all over the road as the door was not properly locked. The highway police were informed and have arranged for the cleanup. This incident serves as a reminder for drivers to secure their cargo properly to avoid accidents and penalties.
Source: YAHOO
Reported 8 months ago
On June 19, 2024, Sun Peng's home was searched by Taipei police and prosecutors, leading to the confiscation of gunpowder and a dagger. His son, Sun Anzuo, was brought in for questioning, possibly related to a prior incident where he brandished a gun in Xinyi District. Footage of Sun Anzuo sharpening a knife has also surfaced. Despite claims that the gun had no lethal capabilities and was merely a 'large lighter,' concerns arose after Sun Anzuo's activities hinted at a 'world-saving plan' event in August involving the production of these gas guns. Both Di Ying and Sun Peng have remained silent on the matter, while the agent has yet to respond.
Source: YAHOO
Reported 8 months ago
The U.S. Department of Justice has announced a 10-count indictment on Tuesday accusing Mexico's Sinaloa Cartel of conspiring with a Chinese underground money laundering operation in Los Angeles to launder over $50 million in drug proceeds. The collaboration between the cartel and the Chinese crime network in the U.S. allowed the Sinaloa to continue producing and exporting deadly drugs to America. The operation involved Chinese citizens transferring funds through non-traditional banking systems to assist the cartel in money laundering activities. The report also mentions ongoing anti-drug cooperation between the U.S. and China following the 'Bid-Xi Summit' between Presidents Biden and Xi Jinping, as well as discussions on fentanyl issues and drug control efforts between the two countries.
Source: YAHOO
Reported 8 months ago
President Lai Ching-te emphasized the consensus that Taiwan and China do not subordinate to each other on the one-month anniversary of his inauguration, expressing gratitude for the continuous Taiwan arm sales support from the Biden administration and G7's support for peace and stability in the Taiwan Strait. President Lai urged the legislature to fully discuss review cases to respond to public expectations and also thanked the G7 for emphasizing that peace and stability in the Taiwan Strait contribute to global security and prosperity.
Source: YAHOO
Reported 8 months ago
Bank of America (BofA) analyst John Murphy warns that due to the high cost of transitioning to electric vehicles, Detroit's big three automakers General Motors, Ford Motor, and Stellantis should exit the Chinese market 'as soon as possible' to preserve capital and focus on core products and more profitable regions. China's increasing competition and rising car production have put pressure on these companies, with General Motors' market share dropping to 8.6% in China last year, its lowest since 2003, and its operating profits declining by 78.5% since 2014. Analysts point out the difficulty for U.S. companies to compete with local Chinese brands and the geopolitical risks they face, while highlighting Tesla's cost advantage in the Chinese market due to its electric vehicle components.
Source: YAHOO
Reported 8 months ago
A report by Human Rights Watch revealed that the Chinese Communist Party has significantly altered place names in Xinjiang, replacing Islamic names with those reflecting the CCP ideology, such as 'Unity' and 'Red Flag'. The report stated that between 2009 and 2023, China renamed thousands of places in Xinjiang, with hundreds of names related to religion, history, or culture being changed to names aligning with the CCP ideology, showing clear political intent, mostly occurring during severe crackdowns on the Uyghur people from 2017 to 2019. The actions were described as part of a large-scale effort by the Chinese government to link Islam with terrorism and to mold names to fit the CCP's ideology.
Source: YAHOO
Reported 8 months ago
In a discussion with Yahoo Finance, JC Parets from All Star Charts emphasizes the importance of not fighting the Dow Breadth and how focusing on the 30 stocks in the Dow Jones Industrial Average can simplify market analysis. By observing the direction of these 30 stocks, investors can gain a clear understanding of the overall market trend, making it a valuable tool in market analysis.
Source: YAHOO
Reported 8 months ago
Tourists witnessed Taiwan black bears in the Nanan area of Yushan National Park on June 13 and June 15, with park officials reminding visitors that this region is a common area for black bear sightings. The officials advise visitors not to disturb the bears, travel in groups, and carry bells while hiking to prevent bear encounters. A hiker who encountered a bear while climbing Tangmada Mountain in the Guanuan Seven Gorge shared her experience of encountering the bear and later a monkey, emphasizing the importance of caution when interacting with wildlife.
Source: YAHOO
Reported 8 months ago
President Lai Ching-te held a press conference marking the one-month anniversary of his inauguration, where he announced the formation of 3 major committees focusing on climate change, national defense, and healthcare. As Lai made significant policy announcements, the Taiwan stock market surged to a new high, with TSMC leading the rally. The creation of these committees symbolizes unity within the government and aims to engage various sectors of society to advance the country. Inspired by similar practices in the US and Japan, the establishment of these committees highlights Taiwan's strategic position in global affairs. Additionally, Taiwan was recently ranked as the most competitive economy among others with a population over 20 million, indicating the country's continued leadership in the global arena.
Source: YAHOO
Reported 8 months ago
Son of Taiwanese celebrities Dicky Dee and Sun Peng, Sun Anzo, was recently involved in a series of controversies. After incidents in Thailand and a Taipei nightclub involving a gas gun, he was brought in for questioning by the Taipei City Police Drug Investigation Division, where homemade weapons were confiscated from his residence. Although Sun Anzo clarified the gas gun was actually a large lighter, further investigation is needed to determine the lethality of the weapons. His agent and Sun Peng's home were also searched, with explanations to be provided later to the Taipei District Prosecutors' Office. The police had been monitoring the situation closely as they were concerned about potential conflicts involving Sun Anzo and others.
Source: YAHOO
Reported 8 months ago
President Tsai Ing-wen marked one month since her inauguration on June 20 by personally presiding over a press conference at the Presidential Office to announce the establishment of three main committees: the Climate Change Committee, the Social Resilience Committee, and the Health Promotion Committee. Notable figures include Chairman of Asus, Jonney Shih, who will serve as the deputy convener of the Climate Change Committee. This move comes amidst some criticism of the lack of notable achievements during her first month in office, showing the president's commitment to addressing key issues and improving communication with the public.
Source: YAHOO
Reported 8 months ago
UBS Investment Outlook forecasts two potential rate cuts this year, with a favorable environment for U.S. stocks and non-investment grade bonds due to mild inflation. Amid U.S. stock and Taiwan stock markets hitting new highs, UBS recommends focusing on industries like leisure, automobiles, and cruise ships, while suggesting cautiousness in the energy sector. UBS advises prioritizing quality stock selection in the current inflation environment, highlighting sectors like technology, healthcare, and consumer goods for future profitability and resilience.
Source: YAHOO
Reported 8 months ago
In Changhua County on June 19, 2024, a 40-year-old man was found dead in his home in January, but his palms were mysteriously missing, leading to a closure of the case by the authorities due to 'cause of death unknown'. However, the family refused to sign the death certificate and requested a reinvestigation. The forensic expert suggested that the palms likely fell off after death and moving the body, as natural decomposition wouldn't cause them to disappear instantly, needing around 30 years. There were peculiarities in the body condition, with the feet also showing unusual signs, sparking neighbors' curiosity and rumors.
Source: YAHOO
Reported 8 months ago
During a legislative session, Democratic Progressive Party legislator Li Baiyi expressed support for reviewing the National Assembly's authority law amendment bill, revealing that the definition of clauses in the Kuomintang and People First Party versions were vague and aimed to paralyze the country's governance structure, turning it into a 'prosecutor' under expanded powers. Premier Zhuo Rongtai responded by emphasizing the importance of not letting the nation's future rely on the happiness of certain individuals, stating that each citizen, military, corporate group, and relevant individuals in society are valued. The legislative session will continue to evaluate the bill and vote on it on the 21st. Defense Minister Gu Li Xiong also expressed concerns about national security implications if the bill were to allow private companies to access confidential information. Li Baiyi stressed the need to reject the bill and dismantle the National Assembly's empowerment legislation to protect national security and defense policies from being compromised.
Source: YAHOO
Reported 8 months ago
An internal poll within the Kuomintang party revealed that Taipei Deputy Mayor Lee of is a leading candidate for the 2026 New Taipei City Mayoral election, with a support rate of 33.29%. In response, Taipei Mayor Chiang sang a song expressing his support, as heavy rain caused flooding in a social welfare building in Taipei. DPP councilor called for quick action to address the issue, as extreme weather is becoming more common. Chiang emphasized the need to work together towards a better future while also ensuring that infrastructure and governance are in order.
Source: YAHOO
Reported 8 months ago
In Taichung, a 19-year-old man stole a car from his sister-in-law to drive his girlfriend to Hualien without a driver's license. He confirmed in advance that the Central Cross-Island Highway was accessible during the day and drove all the way to Hualien. However, before a day passed, patrol officers discovered the car as reported stolen and apprehended the car thief on the spot. The man, surnamed Lin, took the car in the early hours of the 17th and was caught in Hualien on the same day, showing the dangers of reckless actions for leisure activities amidst attempts to boost tourism in the area.
Source: YAHOO
Reported 8 months ago
President Lai Ching-te held a press conference titled ‘Trust New Politics, New Taiwan Era’ where he addressed recent Chinese provocations against Taiwan, asserting that Taiwan will not surrender to China’s policy of annexation. When questioned about accusations from a blue party member calling him a traitor, Lai Ching-te simply stated that society will have its own judgment. He also expressed gratitude for support from G7 leaders, emphasized the importance of Taiwan’s defense and economic resilience, and denounced China’s coercive actions in the region.
Source: YAHOO
Reported 8 months ago
President Lai Tsai-Ing hosted a press conference on his one-month anniversary in office to announce the formation of three committees: the National Climate Change Response Strategy Committee, the Whole Society Defense Resilience Committee, and the Health Taiwan Promotion Committee. By personally leading these committees, Lai aims to establish national development strategies, foster dialogue among government, industry, academia, and the public, enhance international cooperation, and position Taiwan for future actions in addressing climate change, social resilience, and health promotion.
Source: YAHOO
Reported 8 months ago
Taiwanese influencer Wang Bojie was caught driving under the influence after claiming he only drank the night before and was shocked by his high alcohol levels the next day. Digestive specialist Dr. Zheng Hongzhi shared a formula on social media to help people calculate when it's safe to drive after drinking alcohol. The formula is based on the standard alcohol metabolism rate of 10g per hour, with examples on how to determine the time needed to metabolize alcohol based on drink volume and concentration. Dr. Zheng also advised resting for 12 hours after low-alcohol drinks and 24 hours after high-alcohol drinks like whiskey to ensure complete metabolism and warned against driving even if not feeling intoxicated, as alcohol continues to accumulate in the body. The article emphasizes the dangers of drunk driving and encourages responsible behavior to protect oneself and others.
Source: YAHOO
Reported 8 months ago
In the final chance day happening today, over 750,000 shareholders anticipate the dividend distribution from the Taiwan tech fund 00929, with a dividend of 0.2 yuan stated for today's last purchase date and an expected dividend of up to 0.45 yuan for 00896. Additionally, multiple other stocks including 00916, 00712, 00711B, 00710B prepare for dividend distribution tomorrow, with 00896 having the highest dividend of 0.45 yuan.
Source: YAHOO
Reported 8 months ago
On June 19, 2024, it was reported that the No. 1 reactor at the Nuclear Power Plant 3 would be retired at the end of July this year. Kuomintang legislators proposed an extension of nuclear power legislation in April, but it is rumored that the KMT committee does not want to review it in order to not help the DPP's 'Non-Nuclear Homeland' policy. Economic Affairs Minister Guo Zhixun respected the decision of the Legislative Yuan. This has caused internal disagreements within the KMT, with some members supporting the extension while others do not see the need due to statements from the Minister saying there is no power shortage.
Source: YAHOO
Reported 8 months ago
On June 19, 2024, with speculation of a Fed rate cut and AI giant NVIDIA surpassing Microsoft to become the world's most valuable company, the US stock market closed higher, boosting Taiwan's stock market to break through the 23,000 points mark. TSMC's stock soared contributing significantly to the index, while MediaTek and Foxconn also saw significant gains. Analysts caution that despite the rally driven by AI stocks, there may be a need for corrections due to overvaluation. NVIDIA's remarkable 3% intraday surge pushed its stock price to a historic high, surpassing Microsoft as the most valuable company on Wall Street. TSMC's ADR has also seen continuous growth, making it the 8th largest company globally by market value.
Source: YAHOO
Reported 8 months ago
American singer Justin Bieber was arrested for driving under the influence in the early hours of June 18th, Taiwan time, stating that he had only consumed a martini and even refused a breathalyzer test three times. However, he was still apprehended by the police, causing significant damage to his image. Bieber is scheduled to appear in court on July 26th. This incident serves as a reminder of the dangers of drinking and driving, as repeated offenses can lead to severe consequences.
Source: YAHOO