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January, 20, 2017

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Business
Eight men as rich as half the world, report says
The gap between the super-rich and the poorest half of the global population is starker than previously thought, with just eight men, from Bill Gates to Michael Bloomberg, owning as much wealth as 3.6 billion people, according to an analysis by Oxfam released Monday.
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Pound tanks on Brexit fear as Europe stock markets retreat
The pound slumped Monday on reports British Prime Minister Theresa May was ready to take the country out of the European Union in a so-called "hard Brexit."
 
Number of furloughed workers down in early Jan.
The number of workers on unpaid leave in Taiwan in the first half of January fell further as the domestic economy showed signs of improving, according to data released by the Ministry of Labor (MOL) on Monday.
 > Taiwan
 
Europe the top market for Taiwan-made bicycles
Taiwan-made bicycles are highly competitive around the world and mostly exported, with Europe their biggest overseas market, according to the statistics published by the Ministry of Economic Affairs on Monday.
 > Taiwan
 
Banking veteran Paulus Mok named Citi's country officer for Taiwan
Citi has appointed Paulus Mok as Citi Country Officer (CCO) for Taiwan. He will oversee all Citi's businesses and franchise operations in Taiwan and be responsible for delivering sustainable growth for Citi in Taiwan. His appointment with Citi Taiwan Limited is subject to the standard regulatory approvals.
 
China 'concerned' over Hon Hai's planned expansion into US: report
Hon Hai Precision Industry Co. Chairman Terry Gou has reportedly made efforts to reassure China after indicating last year that the company may include the US as a manufacturing location.
 > China
 
UK's May signals EU clean break: no 'half-in, half-out'
Britain will make a clean break from the European Union and not seek to remain "half-in, half-out," Prime Minister Theresa May will say Tuesday, disappointing businesses and voters who want the country to stay in the bloc's single market.
 
German Vice Chancellor and Economy Minister Sigmar Gabriel on Monday warned U.S. President-elect Donald Trump not to slap punitive tariffs on imports from carmakers like BMW, Daimler and Volkswagen.
 
Taiwan's IT spending expected to grow over 2%: Gartner
Spending on information technology in Taiwan for 2017 is expected to grow more than 2 percent from a year earlier largely on the back of investments in communications services, according to global market information advisory firm Gartner Inc.
 
Europe the top market for Taiwan-made bicycles
Taiwan-made bicycles are highly competitive around the world and mostly exported, with Europe their biggest overseas market, according to the statistics published by the Ministry of Economic Affairs on Monday.
 
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