People gather around an ice cream truck in front of a fairground ride on the first day of BST Hyde Park in London on Saturday as a severe heat warning remains in place over southeast England amid an ongoing heat wave.
Photo: REUTERS
The Mega PX Mart Zhonglun (中崙) store in Taipei’s Zhongshan District (中山) would close on Sept. 13 after 22 years of business, Ruentex Development Co (潤泰創新) said today. More than 160 employees at the store would be assisted in finding new positions, with job openings to be made available in the coming days, Reuntex spokesman Chen Po-yu (陳柏宇) said. The Zhonglun store, previously an RT-Mart, opened in December 2004 as Taiwan’s first urban hypermarket in central Taipei. Due to high rents in the city center, the store never turned a profit in its 22 years of operation, Chen said. Even
Bosch, a leading supplier of technology and services, expects another year of growth in Taiwan this year, betting that continued investment in artificial intelligence (AI), advanced manufacturing and sustainability would help offset geopolitical uncertainties and trade tensions. The company remains cautiously optimistic about Taiwan’s economic and industrial outlook, supported by the nation’s expanding role in global AI supply chains and strong demand for technology-driven solutions, Bosch Taiwan chairman and managing director Andreas Schmidt said. “The structural momentum behind Taiwan’s technology and AI ecosystems provides clear reasons for optimism,” Schmidt said. “Bosch Taiwan remains deeply committed to the local market and confident in
China has imposed export controls against two US rare earth producers that are part of Washington’s effort to reduce its dependence on Beijing by establishing an alternative supply chain for the critical minerals. MP Materials Corp and USA Rare Earth Inc have been added to China’s export control list to “safeguard national security and interests,” the Chinese Ministry of Commerce said in a statement Monday. The decision ends a months-long lull in China’s use of such restrictions against US companies following last October’s summit between US President Donald Trump and Chinese President Xi Jinping (習近平). In a separate statement, the Commerce Ministry
Cathay Financial Holding Co (國泰金控), Taiwan’s biggest financial holding group, is dealing with fallout after a member of the conglomerate’s founding Tsai family allegedly attacked the chairman of its banking unit. Tsai Chen-yu (蔡鎮宇), who’s in his 70s, allegedly attacked Cathay United Bank Co (國泰世華銀行) chairman Kuo Ming-jian (郭明鑑) at its Taipei headquarters on Tuesday, according to a statement from the bank yesterday. The incident escalated to the point that local police dispatched officers to the scene, local media reported. Cathay United Bank castigated Tsai in the statement, characterizing the attack as an inappropriate reaction to a “misunderstanding” over Kuo’s external business
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