UPS inks Shanghai deal
International courier UPS signed an agreement yesterday finalizing construction of a transport hub in the eastern city of Shanghai, linking China to its global network. The hub, to open next year, will operate 24 hours a day, seven days a week, allowing for later pickup times in Shanghai, the company said. Sorters will handle 17,000 packages an hour by 2012 with employment at the hub expected to exceed 1,000 people by 2010, it said.
MGM joins iTunes
MGM has become the latest major film studio to offer downloadable movies on Apple's iTunes Store. The Metro-Goldwyn-Mayer Studios Inc deal, announced on Wednesday, builds the iTunes catalog to more than 500 movies. Apple's online store, the world's most popular online movie store, began offering movie downloads in September. The California-based company launched the feature with films from Walt Disney Co studios, where Apple Inc's CEO Steve Jobs is the largest shareholder, but it has since signed deals with other studios, including Paramount Pictures.
PRC reserves soaring
China's foreign exchange reserves, already the world's largest, surpassed US$1.2 trillion at the end of last month, the central bank said yesterday. At US$1.202 trillion, the reserves were up 12.7 percent from the beginning of the year, and 37.4 percent from 12 months earlier, the People's Bank of China said in a statement on its Web site. The trade surplus, one main source of the bulging reserves, stood at US$46.6 billion in the first three months, while foreign direct investment, another main source, reached US$15.9 billion, data released earlier showed. The two figures added together, US$62.5 billion, were well below the increase of US$135.7 billion in reserves in the first three months of the year. The bank gave no explanation for the disparity.
Strikes hit German telecom
Around 8,000 Deutsche Telekom employees were expected to strike yesterday in protest of the telecommunication giant's plans to transfer 50,000 staff into legally separate service companies with less favorable working conditions. The giant services sector union Ver.di said that about 8,000 workers around the country were expected to stage warning strikes as employee representatives and management met for a third round of talks on Deutsche Telekom's cost-cutting plans. Around 1,000 Deutsche Telekom employees had already staged walk-outs at six sites on Wednesday.
Microsoft lawsuit continues
A legal battle between Microsoft and Japanese anti-monopoly authorities is likely to conclude next year and might lead to lawsuits or other patent infringement complaints against the US software company, an executive said yesterday. Any such action will likely happen only in Japan, Microsoft Corp senior vice president Brad Smith said. Japan's Fair Trade Commission and Microsoft have been wrangling since 2004 over a controversial clause in licensing agreements. The clause prevents firms from suing Microsoft if they suspect their own software technology has ended up in the Windows operating system.
‘HERO OF THE ERA’: President Tsai Ing-wen expressed deep sadness at Lee’s passing, and told the government to assist his family with all their needs Former president Lee Teng-hui (李登輝) passed away at 7:24pm yesterday at Taipei Veterans General Hospital. He was 97 years old. The hospital stated the cause of death as septic shock and multiple organ failure. Lee had been hospitalized there since February, when he choked on a mouthful of milk at home. He was later diagnosed with pulmonary infiltrates and aspiration pneumonia. The hospital said that Lee had been treated with antibiotics, but that his health had not improved, as his advanced age and diabetes had inhibited his immune system and led to recurring infections. During his hospitalization, Lee underwent daily kidney dialysis, which removed
‘WEAK POSITIVE’: The man arrived in Taiwan in May and was quarantined for two weeks, Chen Shih-chung said, adding that he might be infected a long time ago The government is considering tightening mask-wearing rules again in light of a potential domestic COVID-19 infection, Minister of Health and Welfare Chen Shih-chung (陳時中) said yesterday. The Central Epidemic Command Center (CECC) confirmed seven new COVID-19 cases, six of which are imported. The other case involves a Belgian engineer who entered Taiwan on May 3 and remained in quarantine until May 17, said Chen, who heads the CECC. Although the source of infection has yet to be identified, the case could end the nation’s record of not having any domestic cases in the previous 110 days. The Belgian, in his 20s, is a technician
ROAD TO HISTORY: When Lee Teng-hui joined the KMT, the likelihood of a Taiwanese becoming ROC president, much less its first directly elected one, was hard to imagine Lee Teng-hui (李登輝), who was born on Jan. 15, 1923, in the farming community of Sanshi Village, Taihoku Prefecture — now New Taipei City’s Sanzhi District (三芝) — during the Japanese colonial era, and rose to become mayor of Taipei and not only the Republic of China’s (ROC) first Taiwan-born president, but its first directly elected one as well. Educated in the Japanese educational system of the time, Lee, who spoke Japanese, Hoklo (also known as Taiwanese), Mandarin and English, won a scholarship to Kyoto Imperial University, but his studies were interrupted by World War II. He earned a bachelor’s
BRIBERY CASE: President Tsai Ing-wen accepted Su Jia-chyuan’s resignation as he said that he deeply regretted causing trouble for the president due to the investigation Presidential Office Secretary-General Su Jia-chyuan (蘇嘉全) yesterday resigned after his nephew, Democratic Progressive Party (DPP) Legislator Su Chen-ching (蘇震清), was implicated in a bribery case related to a dispute over the ownership of Pacific Sogo Department Store (太平洋崇光百貨). “I resigned from the post so that President Tsai Ing-wen (蔡英文) would not be bothered by it anymore, and the prosecutors can investigate the case in a fair and just manner. I thank President Tsai once again for supporting me. May the country continue to prosper under her leadership,” Su Jia-chyuan said in a statement. The Presidential Office said that Tsai has accepted