■ US Economy
Polls says jobs key in vote
More than two-thirds of registered voters said jobs and foreign competition will be "very important" in determining who they vote for in the November presidential election, a Newsweek poll said. Sixty-eight percent of voters said jobs and foreign competition will be very important in the presidential election, while another 22 percent said it will be somewhat important, according to the poll of 1,019 adults on Thursday and Friday last week.
■ Life Insurance
IBM wins Mitsui contract
IBM Japan Ltd signed a 10-year, ?36 billion (US$330 million) contract to provide clerical operations services for Mitsui Mutual Life Insurance Co starting in April, the Nihon Keizai newspaper said. The Tokyo-based arm of International Business Machines Corp will send 30 engineers and other personnel to an equally owned venture with a Mitsui Mutual unit, according to the newspaper, which didn't say who provided the information. The business will cut Mitsui Mutual's clerical costs by more than 10 percent, saving ?5 billion over the life of the contract, the report said.
Winner bags US$230 million
The Mega Millions lottery said yesterday 1 person won Saturday night's US$230 million jackpot, the largest amount in the lottery's history to go to a single winner, and that the winning ticket was sold in Virginia. It was bought in Stephens City, Virginia, according to a press release on the lottery's Web site. Stephens City is about 85 miles west of Washington. The winning numbers were 01-13-20-21- 30 and the Mega Ball number was 24. The last jackpot was awarded on Dec. 30, when one winner in Ohio garnered a US$162 million prize. The odds of winning Saturday's jackpot were about one in 135 million, lottery officials had said.
China to invest less
China's fixed-asset investments in the telecommunications industry are expected to drop to 210 billion yuan (US$25.4 billion) this year, China Central Television reported, citing the Ministry of Information Industry. That's a 6.5 percent decline from the 224.6 billion yuan investment last year cited by the country's phone regulator earlier. Subscriber growth will also slow this year, the annual report cited by CCTV showed. China Mobile Communications Corp and China United Telecommunications Corp are expected to add 52 million cellular users this year compared with a gain of 63 million users last year, CCTV said.
India given upbeat outlook
India's biotechnology industry has the potential to create 1 million jobs and earn revenue worth US$5 billion over five years, the Hindustan Times newspaper reported, citing an Ernst & Young International report. India's advantage in biotechnology lies in its low cost and skilled work force, the paper said. The same factors have made the country a favored destination for software and technology services, the newspaper said. The cost of developing a new drug, which costs US$800 million in the West, may cost as half as much in India, the daily said.
SCHEDULE: The delegation is due to meet with President Tsai Ing-wen this morning and witness the signing of an MOU on bilateral health cooperation in the afternoon US Secretary of Health and Human Services (HHS) Alex Azar yesterday arrived in Taipei aboard a US government plane at the head of a delegation that is the highest-level visit by a US official since Washington switched diplomatic recognition to China in 1979. Azar’s flight landed at Taipei International Airport (Songshan airport) at 4:48pm, nearly one hour earlier than scheduled, the Ministry of Foreign Affairs said. The apron where it landed is reserved for military aircraft, the Songshan Air Force Base Command said. The members of Azar’s delegation included HHS Assistant Secretary for Preparedness and Response Robert Kadlec, HHS Chief of Staff Brian
CHINESE FIGHTERS: Beijing marked the US Cabinet member’s visit by briefly sending two warplanes across the median line of the Taiwan Strait yesterday morning President Tsai Ing-wen (蔡英文) yesterday met with US Secretary of Health and Human Services Alex Azar in the highest-level official meeting between the two nations since 1979. “It is a true honor to be here to convey a message of strong support and friendship from [US] President [Donald] Trump to Taiwan,” Azar said during the open portion of his courtesy call to the Presidential Office, which was streamed live online before Tsai and Azar held a closed-door meeting. “Taiwan’s response to COVID-19 has been among the most successful in the world, and that is a tribute to the open, transparent,
‘CROSS-STRAIT CONSIDERATIONS’: Groups said that the Ministry of Education’s policies excluded Chinese and students should not be blocked over political issues The Taiwan International Student Movement yesterday said it would protest today outside the Ministry of Education in Taipei against a policy that excludes some Chinese students from returning to Taiwan amid the COVID-19 pandemic. Since June 17, the ministry has allowed foreign students from 19 “low risk” and “medium-low risk” countries and regions to enter Taiwan. On July 22, it announced that it was relaxing restrictions to include students from all countries and regions who are graduating this semester and on Wednesday it further expanded entry to students enrolled in degree programs. A letter sent by the ministry on Wednesday to universities did
PARTNERSHIP AND LEARNING: A Princeton University health policy researcher said that the nation would be a ‘treasure trove’ of information for the US health chief US Secretary of Health and Human Services Alex Azar on Friday said he wants to learn about Taiwan’s “incredibly effective” response to COVID-19, even though the nation did things that the US has fumbled, such as having a unified strategy and citizens willing to wear masks. Azar leads a US delegation arriving today for a three-day visit to Taiwan. They are to meet with President Tsai Ing-wen (蔡英文) and health system leaders, and Azar is to give a speech to public health graduates. “The message of this trip is about Taiwan,” Azar said in an interview, deflecting a question about China.