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August, 28, 2016

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Hong Kong flag carrier Cathay Pacific said Wednesday its first-half profit dropped 82 percent from a year earlier, with the company hit by an economic slowdown in China and increasing competition from its peers.
 
Ford says it intends to have a fully autonomous car on the road by 2021
Ford Motor Co. intends to have a fully driverless vehicle -- no steering wheel, no pedals -- on the road within five years. The car will initially be used for commercial ride-hailing or ride-sharing services, with sales to consumers coming later.
 
The Financial Supervisory Commission (FSC, 金管會) said Wednesday it will look into rumors that local tycoon Samuel Yin (尹衍樑) held shares in CTBC Financial Holding Co. (中國信託), one of Taiwan's leading financial holding companies, which exceeded regulation levels.
 
Ford to invest $75M in autonomous vehicle sensor company
Ford and the Chinese search engine company Baidu will each invest $75 million in Velodyne, a company that makes laser sensors that help guide self-driving cars.
 
Economics Ministry announces  flexible display industry strategy
The Economics Ministry announced Tuesday its strategy to develop the flexible display industry in Taiwan, with the objective of turning the island into an AMOLED headquarters.
 
Google's Duo joins a crowded field of video chat applications
Knock, knock, Google's video chatting app has arrived.
 
BHP Billiton on Tuesday reported an annual net loss of US$6.39 billion, its worst-ever result, as the impact of a mine dam disaster in Brazil and weak commodity prices hit the world's biggest miner.
 
Warren Buffett's company is taking an even bigger bite of Apple stock and adding to its already sizeable stake in Phillips 66.
 
Tech billionaire Peter Thiel sounded off Monday about his role in the demise of Gawker Media, as the news and entertainment website was placed on the auction block.
 
Chang Gung Medical Foundation, a powerhouse with majority stakes in Formosa Plastics Group (FPG), Nan Ya Plastics Co. and Formosa Chemicals & Fibre Corp., will meet this week to select its next board of directors.
 
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