Home / Business

Taipei home prices might be stabilizing

By Crystal Hsu

Home prices in Taipei fell 1.2 percent last year from a year earlier, but the market has shown signs of stabilization this year as evidenced by a sharp increase in transactions last quarter, global real-estate consultancy Knight Frank said in a survey released last week. Taipei’sFULL STORY

FEATURE: China officials look to stem its mounting disaster losses

When heavy rains triggered floods in China last year, washing away homes, causing landslides and flooding farmland, the damage resulted in overall losses of US$20 billion — making it the world’s second-costliest disaster last year. Yet with only 2 percent of that insured, according to GermanFULL STORY

Cosmos Hotel group eyes tourism in central Taiwan

By Crystal Hsu

Cosmos Hotel & Resorts Group (天成飯店集團) has stood by its expansion plans in an increasingly competitive market by launching a new facility in Taichung to capitalize on tourism demand in central Taiwan. ICASA (回行旅), the second property under the group’s Cosmos Creation (天成文旅) brand, offers 100FULL STORY

Yang Ming Marine halts container service to Iran

Troubled Yang Ming Marine Transport Corp (陽明海運) is halting its container service to Iran, becoming the first foreign shipping line to abandon the route a year after international sanctions on Tehran were lifted, according to a company source. Yang Ming, the world’s ninth-largest container shipping line,FULL STORY

CPC, Formosa reducing prices of gasoline, diesel

CPC Corp, Taiwan (CPC, 台灣中油) yesterday said it would lower gasoline and diesel prices as of midnight last night, following three consecutive weeks of price hikes. The decreases of NT$0.5 per liter for gasoline and NT$0.6 per liter for diesel products, effective today, reflect aFULL STORY

UK goes a day without coal electricity

Friday was the first full day since the height of the Industrial Revolution that Britain did not burn coal to generate electricity, a development that officials and climate change activists celebrated as a watershed moment. Coal powered Britain into the industrial age and into the 21stFULL STORY

Apple touts more use of recycled metal in gadgets

Apple Inc wants to “one day” end the need to mine materials from the earth to make its gadgets, the technology giant said in its annual environmental responsibility report released on Thursday. “Traditional supply chains are linear,” it said. “Materials are mined, manufactured as products andFULL STORY

Wal-Mart wants suppliers to reduce greenhouse gases

Wal-Mart Stores Inc, long known for squeezing its suppliers on prices, is now pressuring companies including Unilever PLC and Colgate-Palmolive Co to help the world’s biggest retailer remove 1 billion metric tonnes of greenhouse gas emissions from its supply chain by 2030. The retailer’s target forFULL STORY

Saudi Arabia restores cut allowances

Saudi Arabian King Salman on Saturday issued a royal decree restoring financial allowances for civil servants and military personnel that had been cut under austerity measures. “The royal order returns all allowances, financial benefits, and bonuses to civil servants and military staff,” said the decree, broadcastFULL STORY

Aso rebuffs currency scrutiny calls

Japanese Minister of Finance Taro Aso on Saturday said trade imbalances cannot be fixed through exchange-rate adjustments alone, pushing back against Washington’s calls to have more rigorous IMF scrutiny of currency moves. Earlier, US Secretary of the Treasury Steven Mnuchin called on the IMF to enhanceFULL STORY

EU mulls laws on platforms’ fight against hate speech

The EU is considering legislative measures to harmonize how online platforms like Facebook, Twitter and Google take down hate speech and incitement to violence, a draft document seen by reporters shows. The proliferation of hate speech and fake news on social media has led to firmsFULL STORY

Bad corporate debts are impeding India’s growth

The recent arrest of Vijay Mallya highlighted the problem of bad loans in India, but analysts say the tycoon’s unpaid debts are just the tip of an iceberg that is already holding back the country’s economic growth. The multimillionaire owner of a Formula One team andFULL STORY

Australia sees boom for iron ore in Trump’s plans

US President Donald Trump’s plan to upgrade the nation’s roads, ports and bridges will drive demand for steel and support iron ore prices, Australian Minister for Finance Mathias Cormann said. “The US and the Trump administration has put out a very ambitious infrastructure investment program” andFULL STORY

World Business Quick Take

INVESTMENT Alinta Energy deal approved Chow Tai Fook Enterprises Ltd (周大福), the Hong Kong conglomerate best known for its jewelry stores, has won Australian regulatory approval to acquire gas and electricity provider Alinta Energy Holdings Ltd. The deal has been approved by Australia’s Foreign Investment Review BoardFULL STORY

More :
Date Range : Past 7 Days Custom Date Range
TOP top