London taxi debuts in China
London's famous black cab broke new ground yesterday with its debut appearance in China. The cabs, which have plied the streets of the British capital since 1948, took a bow at the auto show in Shanghai, where a new joint venture is aiming to produce 20,000 of the vehicles every year. A gold-painted version of the London icon was put on display to promote the new venture between Chinese carmaker Geely and Britain's Manganese Bronze Holdings, original maker of the car. Geely plans to formally produce models of the cab in a new facility in Shanghai starting next year.
PC sales rise in Asia-Pacific
Personal computer sales in the Asia-Pacific region outside Japan totalled 12.7 million units in the first quarter, up 18 percent from a year earlier, a research house said on Friday. Sales slowed 2 percent, however, from the final quarter last year due to the February Lunar New Year holidays in most of the region, International Data Corp (IDC) said. In the first quarter, Lenovo Group Ltd (聯想) was the top seller with 17.8 percent of market share, followed by Hewlett-Packard Co, with a 15.4 percent market share, and Dell Inc, which accounted for 8.1 percent. Acer Inc was in fourth spot with 6.5 percent and Founder Group (方正集團) ranked fifth at 5.6 percent.
Strike hits Peruvian mine
Newmont Mining Corp said a strike in Peru by union members at the Minera Yanacocha mine, the world's largest, may not reduce production because more than half the employees will continue working. Recent protests organized by the union attracted about 200 of the 3,000 employees at the mine, Denver-based Newmont spokesman Omar Jabara said Saturday in an interview. The union broke off talks with the company on Friday after rejecting a wage offer. A walkout by the union members at Yanacocha ``would not reduce production unless striking employees engaged in blockage of roads or property destruction,'' Jabara said. Newmont is Peru's biggest gold producer and export earner.
Time limit for Qantas offer
The Macquarie Bank Ltd-led buyout group bidding for Qantas Airways Ltd said it won't extend its A$11.1 billion (US$9.3 billion) offer beyond May 4. The group, offering A$5.45 a share in cash, saw shareholder acceptances fall to 27.48 percent last week from 30.06 percent previously. Today the group said it will speed payments to shareholders accepting the offer. "Now is the time for those supportive shareholders to accept," Bob Mansfield, a spokesman for the group, said in a statement e-mailed to Bloomberg News. "If the bid fails the share price will almost certainly fall." Macquarie's bidding partners are TPG Inc, Allco Finance Group, Allco Equity Partners and Onex Corp.
AirAsia X picks Airbus
Malaysia's long-haul budget carrier AirAsia X has selected Airbus over Boeing for 15 new passenger aircraft, an executive familiar with the deal said yesterday. "AirAsia X decided to pick the A330-300 because Airbus came with a better commercial deal and the delivery of the aircraft will be faster," he said on condition of anonymity. He said the official announcement would come today.
‘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
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
ALEX AZAR: The first visit by a head of the Department of Health and Human Services would strictly observe the CECC’s special regulations, the Ministry of Foreign Affairs said US Secretary of Health and Human Services (HHS) Alex Azar is to lead a delegation to Taiwan — the highest-level visit by a US Cabinet official since the two sides cut formal relations in 1979. The plan was announced yesterday morning by the US Department of Health and Human Services and confirmed by the Ministry of Foreign Affairs (MOFA). Beijing has expressed its concerns to Washington, Chinese Ministry of Foreign Affairs spokesman Wang Wenbin (汪文斌) said later yesterday. Taiwan and the US only issued statements saying that the visit would happen “in the coming days.” MOFA said that due to security concerns, it would
The military last week sent “no small number” of Marine Corps officers to the Pratas Islands (Dongsha Island, 東沙群島) following reports of a Chinese People’s Liberation Army (PLA) drill targeting the islands scheduled for this month. In an interview with Hong Kong’s Bauhinia Magazine published on Saturday last week, PLA National Defense University professor Li Daguang (李大光) confirmed that the Chinese army was planning to stage a simulated invasion of the Pratas Islands in the South China Sea this month. The islands comprise three atolls, with Pratas Island, at 1.74km2, being the largest. They lie southwest of Taiwan proper in the South