EZ News 07/09/24

Good afternoon, I'm _____ with today's episode of EZ News. Tai-Ex opening The Tai-Ex opened up 10-points this morning from yesterday's close at 23,888 on turnover of 9.2-billion N-T. The market rose by more than 300 points on Monday to close at yet another all-time high. That was on the back of strong investor interest in Taiwan Semiconductor Manufacturing and Hon Hai. Analysts say sentiment (觀點，看法) improved after major U-S indexes hit record highs at the end of last week. It was driven by expectations of a potential rate cut by the U-S Federal Reserve in September. High Court Rescinds Bail for Former Taoyuan Mayor The High Court has revoked a decision by the Taoyuan District Court to release former Vice Premier Cheng Wen-tsan on bail of 5-million N-T. Cheng was released on bail Saturday after being questioned by the Taoyuan District Prosecutors' Office in connection with an investigation into corruption (貪污，腐敗) while he served as Taoyuan mayor. The High Court has ordered another bail hearing because of what it's describing as several unanswered questions left by the district court in allowing bail. The Taoyuan District Court is holding a new bail hearing this morning. Hot Weather and Thunderstorms to Continue And, The Central Weather Administration says the current pattern of hot weather and afternoon thunderstorms will continue until early next week. Monday's highest daytime temperatures was recorded in Pingtung's Chun-Ri and Shi-Zi townships. The mercury reached 36.9-degrees there. The hottest area in the north was New Taipei's San-Xia District, where the mercury topped out at 36.6-degrees. Powerful thunderstorms Monday afternoon and evening dumped considerable (大量) rainfall in some areas. The heaviest rainfall was recorded in multiple areas of Tainan. 9.3-centimeters of rainfall was recorded in the city's Beihe District. While a weather station in Chiayi City recorded 9.2-centimeters of rainfall. SKorea Ends Punitive Measures Against Striking Doctors South Korea is ending all punitive (懲罰性的) steps against striking doctors. More than 12-thousand trainees have walked out since February in protest to the government increasing medical school seats. Chris Gilbert reports. Brazil Report on Bolsonaro Jewelry Embezzlement Unsealed Brazil’s Federal Police allege former President Jair Bolsonaro embezzled jewelry worth about $1.2 million during his time in office. The report on its investigation was unsealed Monday by the Brazilian Supreme Court. It, alleges there was “a criminal association for the embezzlement of high-value gifts that were received due to the position of former President Jair Bolsonaro.” The jewelry included diamond-encrusted Rolex watches, a necklace, rings and cufflinks (袖扣), among other items. The report says some of the presents were given to government staffers acting on Bolsonaro’s behalf during international trips. Bolsonaro was indicted last week charging embezzlement, asset laundering and criminal association in connection with luxury jewelry. The investigation adds pressure to the far-right leader who governed in 2019-2022 before losing his reelection bid to Luiz Inacio Lula da Silva. He has already lost his political rights until 2030. 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 _____. -- Hosting provided by SoundOn