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  NT dollar’s drop tied to stocks: official

  2026-10-29

  RESERVES ADEQUATE: The central bank governor rejected claims that Taiwan was facing a cash shortage, saying that its financial system had ample savings The New Taiwan dollar’s 3 percent fall this year despite record exports and a widening trade surplus stems from foreign investors cashing in on the local stock market’s technology-driven rally and moving funds overseas, central bank Governor Yang Chin-long (楊金龍) told lawmakers yesterday. The NT dollar has become one of Asia’s weakest-performing major currencies this year. Foreign investors have reaped substantial gains from Taiwan’s surging stock market, prompting them to sell shares and rebalance their portfolios, Yang told a meeting of the legislature’s Finance Committee in Taipei. Their withdrawals have added to downward pressure on the NT dollar, offsetting support

  By Crystal Hsu

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  AI cycle to last over 20 years: ex-Intel CEO

  2026-10-28

  The artificial intelligence (AI) supercycle should last for more than two decades, former Intel Corp chief executive officer Pat Gelsinger told an event in Taipei yesterday, dismissing fears of an AI bubble amid mounting skepticism over massive infrastructure investments. “We do see that there will be periods of disruption, correction, etc. So, we do not think of it as an AI bubble,” Gelsinger, who is a general partner at Playground Global LLC, said at the US venture capital firm’s second annual Taiwan Deep Tech Summit. However, “we’ll have some speed bumps as different areas and different technology disruptions occur along it,” Gelsinger

  By Lisa Wang

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  China beats Japan in Europe car sales

  2026-10-27

  Chinese automakers outsold Japanese rivals in Europe for the first time over a full quarter, underscoring how quickly brands like BYD Co (比亞迪) and Chery Automobile Co (奇瑞汽車) are gaining ground in the region. Registrations of Chinese-branded cars roughly doubled from a year earlier in the three months through September to make up 12.7 percent of total sales across the region, led by hybrids, according to market researcher Dataforce. That has put them ahead of Japanese manufacturers, including Toyota Motor Corp, at 11.9 percent. The advance accelerated at the end of the quarter. Chinese brands’ European share jumped to a record 14.5

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  Cruise ship suspends global voyage due to fuel costs

  2026-11-01

  A US cruise ship on an around-the-world voyage that touted its cabins as floating homes suspended its three-year journey in Cambodia due to fuel costs, forcing hundreds of passengers to disembark. The MV Odyssey set sail two years ago on a voyage to the seven continents marketed as combining long-term living at sea with global travel. Its operator had offered to “make the Odyssey your permanent home,” with the purchase price of a suite for the lifetime of the vessel starting at about US$230,000. For now, it is docked at the Cambodian port of Sihanoukville on the Gulf of Thailand, with no

  By Sopheng Cheang