EZ News

EZ News 10/30/23


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Good afternoon, I'm _____ with today's episode of EZ News.




Tai-Ex opening

The Tai-Ex opened marginally higher this morning from Friday's close, at

16,142 on turnover of 1.4-billion N-T.


The market staged a mild technical rebound on Friday from a downturn the

previous session following an uptick (上升) in U-S tech stocks in after-hours

trading.


However, turnover was limited, as many investors were reluctant to chase

prices amid concerns the U-S Federal Reserve will keep interest rates high

for longer than expected after economic growth in the third quarter beat

expectations.




TPP's Ko to Hold Election Pact Talks with KMT Chair Today

Taiwan People's Party presidential candidate Ko Wen-je is and K-M-T chairman

Eric Chu are holding talks this hour as both parties are seeking to come to

an agreement on plans to cooperate in January's election.


The closed-door meeting is taking place at the Mayor's Residence Art Salon in

Taipei.


The talks will are focusing on issues including how to select the strongest

opposition presidential candidate, how best to establish (建立) a coalition

government and ways to maximize their numbers of lawmakers in the

legislature.


Party officials say the meeting is expected to last about an hour and Ko and

Chu will hold a joint press conference to announce any finalized plans after

it concludes.




TRA Banking on 'Diversification' to Solve Debt Crisis

The Taiwan Railways Administration says it will work to diversify into other

businesses after corporatization next year to stem an escalating (逐步升級)

debt crisis.


According to director-general Du Wei, the administration is looking to learn

from Japanese railroad companies, that have successfully diversified service

types to generate (產生) "substantial profits."


Du says the railways administration plans to expand its current scale of

affiliated businesses, from mostly meal box catering to train carriage and

station cleaning services - generating capital of 1.1-billion N-T per year.


Du also says similar strategies could apply to train maintenance and more, to

reduce human resource outsourcing.




Gaza Receives Aid Shipment

Gaza has received the largest aid shipment since the start of the war, but

humanitarian workers say it's not enough to meet the people's needs.


AP correspondent Mimmi Montgomery reports.



German Chancellor Meets Nigerian President

German Chancellor Olaf Scholz has met with Nigerian President Bola Tinubu as

part of a West Africa tour as the European country looks to diversify

(多樣化) its trade partners and expand economic partnerships in the

energy-rich region.


In his third trip to Africa since he took office in 2021, Scholz pushed for

further development of Nigeria’s capacity to meet local needs, even as

Germany seeks improved trade relations with its second-largest trading

partner in sub-Saharan Africa.


Germany-Nigeria trade volume is estimated to be about 3 billion euros

annually.


Scholz says Germany can work with Nigeria to help tackle issues such as

migration, security and rampant coups in West and Central Africa.


That was the I.C.R.T. news,


Check in again tomorrow for our simplified version of the news, uploaded

every day in the afternoon.


Enjoy the rest of your day, I'm _____.

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EZ NewsBy ICRT News Team