Sun, Jul 20, 2008 page11

• Business Quick Take

  • AGENCIES
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  ■TECHNOLOGY

  TECRO offers symposiums

  The Investment and Trade Office of the Taipei Economic and Cultural and Representative Office (TECRO) said yesterday it would hold two free symposiums on investment and technology related topics in the next two months. The symposiums will be arranged together with several technology associations from the US east coast, TECRO said. The first symposium will be held on Aug. 8 and the second on Sept. 5 at TECRO’s office in New York. Lecturers will include prominent figures in the fields of investment and technology. Four Taiwanese professors will also give lectures. The speakers will discuss the effect of the subprime crisis, conditions on Wall Street and investment strategies to weather the global economic slump, TECRO said in a statement.

  ■AVIATION

  Thai carrier suspends flights

  Thailand’s low budget airline One-Two-Go announced yesterday it was suspending its operations for eight weeks, to allow time for financial restructuring. Services will stop from Tuesday until Sept. 15 as the impact of high fuel prices hits the no-frills carrier. “One-Two-Go have been affected by fierce price competition, other surcharges and continued high fuel prices and local political turmoil,” the company statement said. “The airline executive must be prudent and map out a new strategy focusing on its customers,” it said.

  ■UNITED KINGDOM

  Downturn gets worse

  The economic downturn is worse than previously thought and there is no extra money available for public spending, Finance Minister Alistair Darling said in an interview published yesterday. Darling also told the Times newspaper that taxpayers were at the limit of what they were willing to pay, a day after official data showed a record deficit in public finances and reports that the government might bend its budget rules. “At Christmas most people remained hopeful there would be an improvement by the autumn,” Darling said.

  ■TOYS

  Mattel wins court case

  The world’s largest toy maker, Mattel, on Friday won a court case against competitor MGA, maker of the Bratz dolls that have drawn customers away from its classic Barbie dolls. A 10-member federal jury in Riverside, California, ruled that the design for the Bratz, with their modern, urban look and cartoonish large heads and eyes, was conceived by designer Carter Bryant while he was working under contract at Mattel. It found MGA chief executive Isaac Larian interfered with Bryant’s contractual duties, taking Mattel property for MGA’s use. In the next stage of the case, the jury will determine if the dolls themselves infringe on the designs owned by Mattel and award any damages.

  ■AGRICULTURE

  China must increase crops

  China, the world’s biggest grower and consumer of grains, must boost crop yields by at least 1 percent a year to ensure the country has enough food to feed its 1.3 billion people, the Chinese Minister of Agriculture Sun Zhengcai (孫政才) said. The country will accelerate introduction of high-yield rice and genetically modified crops, protect farmland and raise rural incomes to retain farming interest, Sun said in a statement on the central government’s Web site on Friday. China’s growing incomes and population are increasing food demand even as more agricultural workers seek higher-paying jobs in cities.
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