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World Bank Pauses Mali Payments After Coup as Leader Warns Against Sanctions

The World Bank said on Friday it had temporarily paused payments to operations in Mali following a military coup, while the man expected to become the new prime minister warned sanctions would only complicate the country's crisis.The World Bank's actio...
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Sentiment rises among Taiwan manufacturers, weakens in service sector

Taipei-Business sentiment among export-oriented manufacturers in Taiwan improved in April from the previous month, as the global economy continued to recover, the Taiwan Institute of Economic Research (TIER) said Tuesday.In the service sector, however,...
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UMC plans NT$100 billion capacity expansion in southern Taiwan

Taipei-United Microelectronics Corp. (UMC), the second-largest contract chipmaker in Taiwan, announced on Wednesday an investment project worth NT$100 billion (US$3.58 billion) aimed at expanding capacity at its 300 mm Fab 12A Phase 6 (P6) in Tainan, s...
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TSMC named a ‘Titan’ on Time’s list of 100 Most Influential Companies

Taipei-Taiwan Semiconductor Manufacturing Company (TSMC) has made Time magazine's inaugural list of "100 Most Influential Companies" and has been categorized as a "Titan."Time's new list comprises "businesses making an extraordinary impact around the w...
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Taroko train crash victims’ families to receive NT$15.7 million

Taipei-Taiwan Railways Administration (TRA) will pay NT$15.7 million (US$563,000) in compensation to the families of the 49 people who were killed in a Taroko express train crash in Hualien County on April 2, the agency said Tuesday.TRA indicated it wo...
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Biden Touts Economic Benefits of Combating Climate Change

U.S. President Joe Biden joined business and union leaders Friday in touting the economic benefits of addressing global warming when he delivered remarks from the White House on the last day of a two-day virtual climate change summit.“When we invest in...
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Three investment companies fined over financial irregularities

Taipei-Taiwan's top financial regulatory body on Thursday imposed fines totaling NT$13.5 million (US$475,687) on three asset management firms over their employees' involvement in financial irregularities.The Financial Supervisory Commission (FSC) said ...
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S&P Global raises Taiwan’s ratings, forecasts positive economic outlook

Taipei-S&P Global Ratings raised its credit ratings for Taiwan from "AA-" to "AA" while predicting a positive outlook for the country's economy in 2021, according to a report released by the credit rating agency Thursday.The New York-based company ...
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Renewed deal with Wisconsin to help business flexibility: Hon Hai

Taipei-Taiwan-based Hon Hai Precision Industry Co., known globally as Foxconn, has had its colossal investment in the American state of Wisconsin scaled back, a change it said will provide more flexibility and clarity for the enterprise's renewed inves...
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