The nation’s two major refiners yesterday announced that they would raise gasoline and diesel prices by NT$0.1 per liter from today, ending two weeks of price cuts.Following the adjustments, domestic gasoline prices at CPC Corp, Taiwan (CPC, 台灣中油) and Formosa Petrochemical Corp (台塑石化) stations are t
A Starbucks Corp strike of unionized baristas has spread to three more cities in the US, disrupting service during the final days of the busy holiday season.Baristas from Denver, Pittsburgh and Columbus, Ohio, are to join strikes that began on Friday in Chicago, Los Angeles and Seattle, a union stat
NEGOTIATIONS: The agreement between the German carmakers and union representatives would save the company 4 billion euros while averting plant closures
Crisis-hit auto giant Volkswagen AG said on Friday it planned to axe 35,000 jobs by 2030 in Germany after reaching an agreement with unions on a drastic cost-cutting plan. The deal, struck at the end of marathon negotiations with labor representatives, would save Europe’s largest carmaker about four
Japan’s competition watchdog is expected to find Google guilty of violating the country’s antitrust law, Nikkei Asia reported yesterday, citing sources.The Japan Fair Trade Commission (JFTC) would soon issue a cease and desist order asking Google to halt its monopolistic practices, the report said.G
Stellantis NV has reversed its decision to lay off about 1,100 employees at an Ohio Jeep plant less than three weeks after the abrupt resignation of chief executive officer Carlos Tavares, the Franco-Italian automaker said late on Saturday.The company has decided not to put any employees on indefini
A farmer guides a water buffalo at an event in Hsinchu County’s Guansi Township yesterday. The event aims to show why water buffaloes are great companions to humans in traditional farming, while inspiring more people to pay attention to and protect cultural heritage.
Call it an antidote to fast fashion: Japanese jeans hand-dyed with natural indigo and weaved on a clackety vintage loom, then sold at a premium to global denim connoisseurs.Unlike their mass-produced cousins, the tough garments crafted at the small Momotaro Jeans factory in southwest Japan are desig
The world’s largest rodent is having a big moment.The capybara — a semi-aquatic South American relative of the guinea pig — is the latest in a long line of “it” animals to get star treatment during the holiday shopping season.Shoppers can find capybara slippers, purses, robes and bath bombs. There a
Bursting with customers one afternoon the week before Christmas, a second-hand charity shop in London’s Marylebone High Street looked even busier than the upscale retailers surrounding it.One man grabbed two puzzle sets and a giant plush toy as a present for friends, another picked out a notebook fo
TRADE: A few firms received advanced orders intended to get ahead of possible US tariffs, but most are taking a wait-and-see approach to the new US administration
Export orders last month gained 3.3 percent from a year earlier to US$52.27 billion, rising for the ninth straight month, as demand from artificial intelligence (AI) held strong, but demand linked to smartphones slackened, the Ministry of Economic Affairs said yesterday.The latest data represented a
DIVERSIFICATION: The flat-panel display maker plans to invest more than 15% of its capital expenditure next year in semiconductors, with the aim of reaching 50%
Flat-panel display maker Innolux Corp (群創) yesterday said it is stepping up investment on developing panel-level packaging technologies, and that it plans to allocate more than 15 percent of its capital expenditures next year to the new semiconductor business.This investment demonstrates Innolux’s d
Japan ramped up its warnings against currency speculation on Friday after the yen slid to a five-month low following a hint from the central bank chief that he might wait longer than expected before raising interest rates.“The government’s deeply concerned about recent currency moves, including thos
Hon Hai Precision Industry Co (鴻海精密), the Taiwan-based manufacturer of iPhones also known as Foxconn Technology Group (富士康科技集團), is putting its interest in pursuing Nissan Motor Co on hold while the Japanese automaker is in negotiations for a potential merger with Honda Motor Co, according to a sour
US president-elect Donald Trump has threatened the EU with tariffs if its member countries do not buy more US oil and gas.“I told the European Union that they must make up their tremendous deficit with the United States by the large scale purchase of our oil and gas. Otherwise, it is TARIFFS all the
Amazon workers walk a picket line outside an Amazon facility in City of Industry, California, yesterday. Thousands of workers at Amazon facilities across the US went on strike yesterday, the Teamsters Union said, halting work at the height of the busy holiday season.
INVESTMENT: Jun Seki, chief strategy officer for Hon Hai’s EV arm, and his team are currently in talks in France with Renault, Nissan’s 36 percent shareholder
Hon Hai Precision Industry Co (鴻海精密), the iPhone maker known as Foxconn Technology Group (富士康科技集團) internationally, is in talks with Nissan Motor Co’s biggest shareholder Renault SA about its willingness to sell its shares in the Japanese automaker, the Central News Agency (CNA) said, citing people
NEXT QUARTER: The global steel industry is going through a correction, and the company is to keep prices flat to help domestic customers manage raw material costs
China Steel Corp (CSC, 中鋼), the nation’s biggest steelmaker, yesterday said it is holding steady steel prices for domestic delivery next month and next quarter, as the global steel industry’s recovery is taking shape amid an improving world economy next year.Before the arrival of a major pickup, the
The yen fell against the US dollar yesterday as the Bank of Japan (BOJ) left borrowing costs unchanged and warned of uncertainty over the economic policies of US president-elect Donald Trump.Japan’s currency slid past ￥156 per US dollar, extending a retreat that began on Wednesday when the US Federa
Micron Technology Inc, the largest US maker of computer memory chips, tumbled in late trading after its revenue forecast missed projections by about US$1 billion, hurt by sluggish demand for smartphones and personal computers.Sales would be about US$7.9 billion in the fiscal second quarter, which ru
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