EZ News 10/30/23

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 _____. -- Hosting provided by SoundOn