EZ News 03/05/26

Good afternoon, I'm _____ with today's episode of EZ News. Tai-Ex opening The Tai-Ex opened up 791-points this morning from yesterday's close, at 33,620 on turnover of 19.1-billion N-T. The market plunged over 1,400 points on Wednesday as escalating tensions in the Middle East spooked investors and triggered heavy selling across the board. Large-cap tech stocks bore the brunt of (首當其衝) the decline. However, all eight major industrial sectors finished lower, with plastics, electric machinery, cables and glass stocks posting steep losses. Prosecutors indict 62 individuals and 13 companies in Prince Holding Group Case The Taipei District Prosecutors' Office has indicted 62 individuals and 13 companies in connection with its money laundering investigation into the Cambodia-based Prince Holding Group. Prosecutors says the network laundered more than 10.7-billion N-T in Taiwan. The individual and companies have been charged with violating the Organized Crime Prevention Act, the Money Laundering Prevention Act, and the Criminal Code with intent to profit from gambling. Prosecutors are also seeking court approval to confiscate (沒收) the full 10.7-billion N-T in alleged criminal proceeds held in Taiwan. Authorities have so far seized more than 5.5-billion N-T in Prince Group assets (資產) during raids last year and they include 24 luxury properties, 35 high-end vehicles, 337 financial accounts, cash and designer goods. Dozens injured in raucous Lantern Festival events in Tainan and Taitung At least 47 people have been injured while attending Lantern Festival-related folk events in Tainan and Taitung. Both of the event saw participants forming processions and braving (勇敢面對（困難/危險）) barrages of bottle rockets or firecrackers. Officials in Tainan says 30 people suffered burns after being hit by dense barrages of bottle rockets, while six were injured stemming from falls at the Yanshui Beehive Fireworks Festival on Monday and Tuesday. While officials in Taitung say 11 people were taken to the city's MacKay Memorial Hospital on Tuesday after suffering injuries on the first day of the Bombing of Master Han Dan Festival. US submarine sinks Iranian warship At least 80 bodies have been recovered by Sri Lankan authorities after a torpedo fired by a US submarine sank an Iranian warship in the Indian Ocean. U.S. Defense Secretary Pete Hegseth said it was the Islamic Republic's prize ship. And the first such strike since World War 2. Kate Fisher has more from Washington Africa Clean Energy Fund to Double Financing Africa’s flagship clean energy fund says it plans to more than double its financing to $2.5 billion over the next two years, as momentum builds behind the continent’s energy transition. The African Development Bank bank approved slightly fewer renewable energy projects last year but succeeded in increasing its funding. The lender's Sustainable Energy Fund for Africa has mobilized about $1 billion in commercial capital alongside its own commitments. Based on projects in the pipeline, that figure is expected to reach $2.5 billion within the next two years. The public-private finance facility supports utility-scale and decentralized projects, facilitating deals and supporting pan-African renewable energy investment platforms. That was the I.C.R.T. EZ News, I'm _____. -- Hosting provided by SoundOn