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May, 2, 2016

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Business
Fake stones prove threat to Sri Lanka's gem trade
From the Queen of Sheba to Britain's Duchess of Cambridge, Sri Lanka's sapphires have adorned royalty through the ages, but a flood of cheap imitations is threatening the island's reputation for the precious stones.
 
Germany puts brakes on Airbnb rentals as real estate is limited
Berlin from Sunday began restricting private property rentals through Airbnb and similar online platforms, threatening hefty fines in a controversial move meant to keep housing affordable for locals.
 
France braced Sunday for violence at May Day rallies where workers are fired up over labor reforms, while similar fears of eroding rights sent tens of thousands into the streets of South Korea.
 
As economic contraction continues, Taiwan is unlikely to achieve 1-percent GDP growth this year, and even risks recording negative growth, Premier-designate Lin Chuan (林全) said on Sunday.
 > Taiwan
 
Emirates flies 1st daily Dubai-Taipei Airbus A380
Emirates airline launched a regular service Sunday of its Airbus A380 superjumbo aircraft, billed as the most spacious passenger aircraft in the world, to Taiwan Taoyuan International Airport.
 
A European brokerage has lowered its target for the Taiwan Stock Exchange Capitalization Weighted Stock Index (TAIEX) on the main board for 2016 to 8,800 points from the previous 9,000 points, citing concerns over listed companies' profitability.
 > Taiwan
 
The Taiwan Institute of Economic Research (TIER), one of the country's leading think tanks, said Thursday that as economic fundamentals remain weak, an index that gauges manufacturing activity flashed a blue light for the 12th consecutive month in March.
 > Taiwan
 
Sharp Corp. is planning to lay off about 1,000 employees as part of its efforts to strengthen its financial structure after the loss-incurring Japanese firm inked an agreement to sell a majority stake to Taiwan's Hon Hai Precision Industry Co. earlier this month, according to a news report.
 
When investors borrow securities for a short sale purpose, they can spend more than they had previously anticipated, according to the Taiwan Stock Exchange (TWSE).
 > Taiwan
 
While oil states reel from plunging oil prices and gas producers brace for American exports to hit the market, two west African nations are forging ahead with potentially massive extraction projects others might fear to touch.
 
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