US women still earn less
US women make only 80 percent of the salaries their male peers do one year after college; after 10 years in the work force, the gap between their pay widens further, according to a study released yesterday. The study, by the American Association of University Women Educational Foundation, found that 10 years after college, women earn only 69 percent of what men earn. Even after controlling for hours, occupation, parenthood, and other factors known to affect earnings, the study found that one-quarter of the pay gap remains unexplained.
AstraZeneca to buy US firm
Anglo-Swedish giant AstraZeneca said yesterday it has agreed to buy US biotechnology company MedImmune for US$15.6 billion in total. "AstraZeneca today announced that it has entered into a definitive agreement to acquire MedImmune Inc in an all-cash transaction," the group said in a statement to the London Stock Exchange. "Under the terms of the agreement, which has unanimous MedImmune Board support, AstraZeneca will acquire all of the ... shares of MedImmune common stock at a price of US$58 per share, for a total consideration of approximately US$15.6 billion."
BA may join bid for Iberia
British Airways PLC said yesterday it has contacted private equity investors about joining in a possible bid for Iberia SA, the Spanish airline. Iberia announced last month that it had been approached about a possible takeover offer worth more than 3.4 billion euros (US$4.6 billion) from US private equity firm TPG Capital LLP, formerly known as the Texas Pacific Group. Spain's flagship airline said TPG was studying the possibility of making a cash bid of 3.6 euros per share for the company and has requested more detailed information on its finances.
Seoul resumes US imports
South Korea yesterday resumed imports of US beef three weeks after the two countries sealed a landmark free-trade pact, officials said. "US beef totaling 4.5 tons [4 tonnes] arrived in South Korea today, awaiting inspection at Incheon airport," an agriculture ministry official said on condition of anonymity. South Korea, once the third-largest market for US beef, last year lifted a three-year ban imposed to keep out mad-cow disease and agreed to accept shipments of boneless meat. But inspectors blocked all three shipments totalling 20 tonnes sent between October and December after finding tiny bone fragments in them.
Singapore REITs growing
Singapore's real estate investment trust (REIT) market has become the biggest in the Asia-Pacific region outside Japan, Trade and Industry Minister Lim Hng Kiang (林勳強) said yesterday. Since the first REIT listing in 2002, Singapore now has 16 listed REITs with a total market capitalization of S$26 billion (US$17.22 billion), he said in a speech to a property conference. This makes it "the largest REIT market in Asia outside of Japan," he said, without giving a size of the Japanese market. "Singapore REITs offer investors access to a diversity of real estate assets including retail malls, office buildings, industrial properties and serviced apartments," Lim said.
SAFETY RISK: The government is working to categorize countries based on their COVID-19 cases and prevention efforts, which would determine quarantine periods The government plans to rank countries based on their COVID-19 risks to determine how to treat tourists and other travelers from those nations once Taiwan reopens its borders, but it is still working out the categories, a top health official told lawmakers yesterday. “We would divide countries around the world into several categories. One category would comprise those countries with very few confirmed COVID-19 cases, such as New Zealand and Palau. Travelers from the countries in this category would only need to practice self-health management,” Centers for Disease Control Deputy Director-General Chuang Jen-hsiang (莊人祥) told a Legislative Yuan seminar hosted by
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
CASH BOOST: Foreign spouses with residency permits are also eligible for the coupons, which can be bought at post offices or linked to digital payment options Stimulus coupons for Taiwanese and foreign spouses with residency permits can be ordered starting on July 1 and can be used from July 15 to Dec. 31, the Executive Yuan said yesterday. Aimed at boosting domestic spending, the coupons worth NT$3,000 (US$100.04) are to cost NT$1,000. “For our consumers, this is a very good deal as they get three times as much value for their money,” Premier Su Tseng-chang (蘇貞昌) told a news conference in Taipei. While the coupons are to have a wide range of uses, including at department stores, restaurants, book stores, night markets, beauty and hair salons, hotels, and to