UPS inks Shanghai deal
International courier UPS signed an agreement yesterday finalizing construction of a transport hub in the eastern city of Shanghai, linking China to its global network. The hub, to open next year, will operate 24 hours a day, seven days a week, allowing for later pickup times in Shanghai, the company said. Sorters will handle 17,000 packages an hour by 2012 with employment at the hub expected to exceed 1,000 people by 2010, it said.
MGM joins iTunes
MGM has become the latest major film studio to offer downloadable movies on Apple's iTunes Store. The Metro-Goldwyn-Mayer Studios Inc deal, announced on Wednesday, builds the iTunes catalog to more than 500 movies. Apple's online store, the world's most popular online movie store, began offering movie downloads in September. The California-based company launched the feature with films from Walt Disney Co studios, where Apple Inc's CEO Steve Jobs is the largest shareholder, but it has since signed deals with other studios, including Paramount Pictures.
PRC reserves soaring
China's foreign exchange reserves, already the world's largest, surpassed US$1.2 trillion at the end of last month, the central bank said yesterday. At US$1.202 trillion, the reserves were up 12.7 percent from the beginning of the year, and 37.4 percent from 12 months earlier, the People's Bank of China said in a statement on its Web site. The trade surplus, one main source of the bulging reserves, stood at US$46.6 billion in the first three months, while foreign direct investment, another main source, reached US$15.9 billion, data released earlier showed. The two figures added together, US$62.5 billion, were well below the increase of US$135.7 billion in reserves in the first three months of the year. The bank gave no explanation for the disparity.
Strikes hit German telecom
Around 8,000 Deutsche Telekom employees were expected to strike yesterday in protest of the telecommunication giant's plans to transfer 50,000 staff into legally separate service companies with less favorable working conditions. The giant services sector union Ver.di said that about 8,000 workers around the country were expected to stage warning strikes as employee representatives and management met for a third round of talks on Deutsche Telekom's cost-cutting plans. Around 1,000 Deutsche Telekom employees had already staged walk-outs at six sites on Wednesday.
Microsoft lawsuit continues
A legal battle between Microsoft and Japanese anti-monopoly authorities is likely to conclude next year and might lead to lawsuits or other patent infringement complaints against the US software company, an executive said yesterday. Any such action will likely happen only in Japan, Microsoft Corp senior vice president Brad Smith said. Japan's Fair Trade Commission and Microsoft have been wrangling since 2004 over a controversial clause in licensing agreements. The clause prevents firms from suing Microsoft if they suspect their own software technology has ended up in the Windows operating system.
EFFICIENCY: The rules for Philippine arrivals were revised after 17.6% of arrivals with symptoms tested positive, compared with 0.7% of those with no symptoms Starting today, Chinese spouses who hold a reunion permit can apply to enter Taiwan and travelers without symptoms from the Philippines do not need to be tested for COVID-19 upon arrival, but are to be tested after a 14-day quarantine, the Central Epidemic Command Center (CECC) said yesterday. Minister of Health and Welfare Chen Shih-chung (陳時中), who heads the center, said that from today, Chinese who are married to a Taiwanese citizen and hold a reunion permit can apply to the National Immigration Agency for entry into Taiwan. Chinese who are married to a foreign national and hold an accompanied reunion permit
PENGHU INSPECTION: Taiwan cannot let its enemies strut around in its airspace, Tsai said, one day after a Chinese spokesman denied a median line exists in the Taiwan Strait Following China’s assertion on Monday that there is no “median line” in the Taiwan Strait, President Tsai Ing-wen (蔡英文) yesterday pledged to defend the nation’s airspace during a visit to an air force base in Penghu, saying that Taiwan cannot allow others to flex their military muscle in its territorial airspace. Tsai praised the “heroic performance” of the pilots of the Indigenous Defense Fighters who have been intercepting Chinese People’s Liberation Army Air Force planes in recent days. “I have a lot of confidence in you. As soldiers of the Republic of China [ROC], how could we let enemies strut
CONSOLIDATION? Taiwan Thinktank deputy executive-general Doong Sy-chi said Beijing’s intimidation tactics are further alienating those who identify as Chinese Only 2 percent of respondents to a poll on constitutional amendments and national identity identified as Chinese, while 62.6 percent identified as Taiwanese, the Taiwan Thinktank said yesterday. Legislators have proposed amendments to the Additional Articles of the Constitution (憲法增修條文), which would change the definition of the nation’s territory, remove the Taiwan Provincial Government as an entity, prioritize the use of “Taiwan” for national groups at international events, and remove restrictions on defining the national emblem, national flag and national anthem. The poll showed that 80.5 percent of respondents agreed that the nation should participate as “Taiwan” at events organized by world
MISTAKE: The Global Covenant of Mayors for Climate and Energy is not a UN body, and the government is committed to protecting the nation’s name, Joseph Wu said The Ministry of Foreign Affairs yesterday condemned the Global Covenant of Mayors for Climate and Energy for listing Taiwanese cities as belonging to China on its Web site, and asked that it correct the error. The organization was inaugurated in Brussels in 2016 as a global coalition of mayors committed to reducing greenhouse gas emissions. Six Taiwanese cities at the time joined the coalition as cities in “Taiwan,” the ministry said. However, officials from the Kaohsiung City Government — one of the organization’s members — last week noticed that the city was now listed on the organization’s Web site as a