■Computers
Advanced Micro to cut jobs
Advanced Micro Devices, the second-largest maker of computer processors after Intel, announced on Thursday that it would cut about 2,000 jobs, or 15 percent of its work force, by the middle of next year. Half of the affected employees were notified on Thursday, the company said. It had 13,187 employees as of the end of September. Advanced Micro has a broader plan to reduce expenses by US$350 million in 2003. "While painful and unfortunate, today's action will help to position AMD so that we can take full advantage of the eventual market recovery," said Hector Ruiz, the company's chief executive. Advanced Micro's stock has lost 60 percent of its value this year as a demand for consumer electronics and communications equipment has plummeted.
■ Regulators
Chertoff says no to SEC
US Assistant Attorney General Michael Chertoff, approached by the White House to head the Securities and Exchange Commission, said he's "happy" to remain as head of the Justice Department's criminal division. President George W. Bush planned to offer the SEC job to Chertoff if he said he would take the position, people familiar with the situation said. Chertoff, 48, has played a leading role in the administration's crackdown on corporate crime, helping direct investigations into alleged fraud at Enron Corp and WorldCom Inc. "Michael Chertoff is happy in the job he currently holds," said Justice Department spokesman Bryan Sierra. "He looks forward to helping the president and the attorney general continue fighting the war against terrorism." Harvey Pitt's resignation left the SEC leaderless just as lawmakers demanded tougher oversight of the accounting profession and securities industry to restore investor confidence.
■ Employment
Bush to open up federal jobs
US President George W. Bush plans to subject as many as 850,000 federal jobs to competition from the private sector, administration officials said Thursday, a sweeping reform long sought by Republicans and stiffly opposed by labor unions. Nearly half of the government's civilian work force could be affected by the plan that was to be published in the Federal Register yesterday. After a 30-day public review period, Bush can impose the new rules without congressional approval. "This is inherent to getting the taxpayers the best deal for their dollars and the best service from the government," said Trent Duffy, spokesman for the Office of Management and Budget. Bush and his fellow Republicans have long favored opening public sector jobs to competition from outside government.
■ Trade
Cambodia preparing for WTO
Cambodia is on course to complete talks on its accession to the WTO by September next year, a WTO official said on Thursday. A WTO working party, which has been negotiating terms for Cambodian accession since 1994, met on Thursday and said a final report should be ready for late March or early April next year. "Cambodia and WTO members in the working party said they aim to complete the membership deal by the fifth WTO ministerial conference," the WTO official said. The conference is scheduled for Sept. 10-14 in Cancun, Mexico. Sok Siphana, Cambodian secretary of state for commerce, said he hoped remaining issues could be resolved at talks in March or April.
Agencies
AIR SUPPORT: The Ministry of National Defense thanked the US for the delivery, adding that it was an indicator of the White House’s commitment to the Taiwan Relations Act Deputy Minister of National Defense Po Horng-huei (柏鴻輝) and Representative to the US Alexander Yui on Friday attended a delivery ceremony for the first of Taiwan’s long-awaited 66 F-16C/D Block 70 jets at a Lockheed Martin Corp factory in Greenville, South Carolina. “We are so proud to be the global home of the F-16 and to support Taiwan’s air defense capabilities,” US Representative William Timmons wrote on X, alongside a photograph of Taiwanese and US officials at the event. The F-16C/D Block 70 jets Taiwan ordered have the same capabilities as aircraft that had been upgraded to F-16Vs. The batch of Lockheed Martin
US President Donald Trump yesterday announced sweeping "reciprocal tariffs" on US trading partners, including a 32 percent tax on goods from Taiwan that is set to take effect on Wednesday. At a Rose Garden event, Trump declared a 10 percent baseline tax on imports from all countries, with the White House saying it would take effect on Saturday. Countries with larger trade surpluses with the US would face higher duties beginning on Wednesday, including Taiwan (32 percent), China (34 percent), Japan (24 percent), South Korea (25 percent), Vietnam (46 percent) and Thailand (36 percent). Canada and Mexico, the two largest US trading
GRIDLOCK: The National Fire Agency’s Special Search and Rescue team is on standby to travel to the countries to help out with the rescue effort A powerful earthquake rocked Myanmar and neighboring Thailand yesterday, killing at least three people in Bangkok and burying dozens when a high-rise building under construction collapsed. Footage shared on social media from Myanmar’s second-largest city showed widespread destruction, raising fears that many were trapped under the rubble or killed. The magnitude 7.7 earthquake, with an epicenter near Mandalay in Myanmar, struck at midday and was followed by a strong magnitude 6.4 aftershock. The extent of death, injury and destruction — especially in Myanmar, which is embroiled in a civil war and where information is tightly controlled at the best of times —
China's military today said it began joint army, navy and rocket force exercises around Taiwan to "serve as a stern warning and powerful deterrent against Taiwanese independence," calling President William Lai (賴清德) a "parasite." The exercises come after Lai called Beijing a "foreign hostile force" last month. More than 10 Chinese military ships approached close to Taiwan's 24 nautical mile (44.4km) contiguous zone this morning and Taiwan sent its own warships to respond, two senior Taiwanese officials said. Taiwan has not yet detected any live fire by the Chinese military so far, one of the officials said. The drills took place after US Secretary
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