United staff threaten `chaos'
About 25 United Airlines flight attendants protested at the Hong Kong Airport yesterday, threatening to hold a "chaos strike" -- a random, unannounced walkout -- over the termination of the carrier's pension plan. The airline's employees were holding similar rallies in Tokyo, London, Frankfurt, Germany and 14 US locations,Jack Kande of the Association of Flight Attendants said. "We are informing the public that we can go on chaos strike at any time without warning. We could shut down the whole system," Kande said. Some of the protesters held signs that said, "Chaos is coming to Hong Kong" and "Save our pension."
China wants overseas pilots
China wants to recruit foreign airline pilots to relieve a shortage plaguing the world's fastest-growing aviation sector, official media reported yesterday. "Overseas pilots will be able to be employed by Chinese carriers after obtaining flight licenses in China," the China Daily quoted an official of the General Administration of Civil Aviation of China as saying. China's booming commercial aviation industry is taking off faster than the country can train pilots, threatening future growth and hard-won advances in air safety, China Daily said.
■ Insider trading
High profile Australian businessman Steve Vizard was fined A$390,000 (US$292,000) and banned from serving on corporate boards for 10 years yesterday after being convicted of insider trading while a director of telecom giant Telstra. Vizard, a former entertainer and television talk-show host, had admitted using confidential information gained as a Telstra director to trade A$850,000 dollars worth of shares in technology companies in which the telco was planning to invest. Federal Court judge Ray Finkelstein called Vizard's actions "dishonest and a gross breach of trust" and said the Securities and Investments Commission's recommendation for a five-year corporate ban was not sufficient.
Japanese firms post losses
Japanese electronics companies led by Sony said yesterday that they plunged into the red in the three months to June as falling prices led to cutthroat competition as demand cooled. Sony, Toshiba, Hitachi, NEC and Pioneer all posted losses in the first quarter, although Matsushita and Fujitsu bucked the trend by cost-cutting and restructuring. Sony posted a net loss of ¥7.3 billion (US$65 million) compared with a net profit of ?23.3 billion in the same period last year. Matsushita's sales went down 2.6 percent and its pretax profit plummeted 17.7 percent. But the company was able to eke out growth in net profit of 1.9 percent year-on-year to ¥33.4 billion.
Wal-Mart now in Shanghai
Wal-Mart Stores Inc, the world's biggest retailer, opened a new store in China's biggest city, Shanghai, yesterday as part of a plan to double its presence in China. The new Shanghai store is owned by Wal-Mart East China Stores Co, a joint venture between US-based Wal-Mart and China's CITIC Group. The venture also operates a store in Nanjing. Wal-Mart, which has its China headquarters in the southern financial center of Shenzhen, said this week it plans to have 90 outlets in China by the end of 2006 -- up from the current 48.
China would attack Taiwan if there is no other way of stopping it from becoming independent, Chinese General Li Zuocheng (李作成) said yesterday. Speaking at Beijing’s Great Hall of the People on the 15th anniversary of China’s “Anti-Secession” Law, Li, who is chief of the Joint Staff Department of the Chinese People’s Liberation Army Central Military Commission, left the door open to using force. The 2005 law is China’s legislative basis for military action against Taiwan. “If the possibility for peaceful reunification is lost, the people’s armed forces will, with the whole nation, including the people of Taiwan, take all necessary steps to
SECURITY CONCERNS: The Telecom Technology Center ran black-box tests for the Executive Yuan on devices and software from Chinese, US and South Korean firms Network devices from several Chinese manufacturers are insecure and allow personal information to be leaked, testing commissioned by the Executive Yuan has shown. A variety of devices and software, including apps, from Chinese, US and South Korean manufacturers that are used by government agencies at the central and local level were subjected to black-box testing — in which the functionality of an application is examined without knowing about its internal structure, an information-security official said yesterday on condition of anonymity. The Telecom Technology Center conducted the tests, which simulated cyberattacks, to determine their resilience to the attacks, the official said. The center
Americans awoke yesterday to charred and glass-strewn streets in dozens of cities after another night of unrest fueled by rage over the mistreatment of African Americans at the hands of police, who responded to the violence with tear gas and rubber bullets. Tens of thousands marched peacefully through streets to protest the death of George Floyd, a black man who died on Monday last week after a white Minneapolis police officer pressed his knee on his neck until he stopped breathing. However, many demonstrations sank into chaos as night fell: Vehicles and businesses were torched. The words “I can’t breathe” were
EXTRA INVITATIONS: Russia, Australia, South Korea and India would be asked to a later summit dedicated to countering China, Donald Trump said US President Donald Trump has been forced to cancel a planned face-to-face summit of G7 leaders this month and now wants to host an expanded meeting in September dedicated to countering China to which Russian President Vladimir Putin would be invited. Trump on Saturday announced that he had canceled the June meeting, which he had billed as a symbol of the US “transitioning back to greatness,” after German Chancellor Angela Merkel told him in a telephone call that she saw the summit in Washington as a health risk. Hundreds of security staff, journalists and officials also attend the two-day summits. Reports suggest