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May, 25, 2016

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Business > Company Focus
Elon Musk's vision of a Hyperloop transport system that carries passengers in pressurized tubes at near-supersonic speeds is on track to hit a milestone on Tuesday.
 
Google began Monday shining a spotlight on local reporting mixed in with the deluge of stories at its free online news aggregation website.
 
U.S. company Freeport-McMoRan said Monday it was selling control in the Tenke Fungurume copper mine in DR Congo to China Molybdenum, giving the Chinese company a strong foothold in the country's rich copper and cobalt reserves.
 
Saudi Binladin Group, which has laid off tens of thousands of employees because of financial difficulties, said on Monday it has begun paying delayed wages to its remaining staff.
 
Nokia reported Tuesday a first-quarter net loss of 513 million euros (US$584 million) due to lower demand in mobile networks as well as the impact of its acquisition of Alcatel-Lucent, and warned of a further decline in earnings.
 
Kaohsiung City's Taroko Park opens its doors
The grand opening of Taroko Park (大魯閣草衙道) , Taiwan's first shopping center and sports-themed amusement park hybrid kicked off in Kaohsiung on Monday, with Taroko Group officials, Kaohsiung Mayor Chen Chu (陳菊), and many more attending the festivities and touring the park's major attractions.
 
Taroko's transition to overcome odds with nation's 1st sports-shopping venue
What started as a textile corporation is now leading a transformative spin on Taiwan's sports and recreation sector with "Taroko Park" (大魯閣草衙道) in Kaohsiung -- the nation's first park that combines recreation, shopping, restaurants and sports facilities all in one venue.
 
With Perlan 2 glider, Airbus try for space pioneer
The space glider Perlan 2 is helping Airbus take on Silicon Valley's brightest innovators, even while pursuing technologies that might eventually lead to passenger flights in space.
 
Austin voters keep fingerprinting for Uber, Lyft drivers
Fingerprinting drivers for ride-hailing companies must continue in Texas' capital city after voters rejected a US$9 million campaign by Uber and Lyft to overturn the safety measure.
 
Processed food giant Uni-President Enterprises Corp. (統一企業) cashed in on their pledge to donate NT$30 million to set up a food safety fund, after Health Minister Chiang Been-huang (蔣丙煌) revealed earlier this week their failure to do so.
 
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