EZ News 07/26/24

Good afternoon, I'm _____ with today's episode of EZ News. Tai-Ex opening The Tai-Ex opened sharply lower by 665-points this morning from yesterday's close, at 22-207 on turnover of 18.8-billion N-T. The market plunged today after returning from two days off due to Typhoon Gaemi. TSMC's share price plunged 6.5-percent, testing the quarterly moving average. This comes after US tech stocks also took a significant hit over the typhoon holiday, particularly for stocks in the artificial intelligence sector, including NVIDIA, AMD and Supermicro. Widespread Flooding Due to Typhoon Typhoon Gaemi has caused widespread flooding across Taiwan - as residents in some areas have been struggling to pump water out of their homes and places of business. Heavy flooding has been reported in several areas of Kaohsiung, including Renwu, Gushan, Fongshan, Cianjin and Dashe districts. According to the Central Weather Administration, as of 5PM Thursday, Kaohsiung's Maolin District had received 112-centinmeters of rainfall. That was followed by Sandimen in Pingtung, which has recorded 94-centinmeters of rainfall and Chiayi County's Zhuqi Township, which saw 93--centinmeters of rainfall. Flood waters in Yilan County's Yuanshan Township had reached 2-meters - prompting the deployment (調動) of rescue boats to evacuate 13 residents early Thurday morning. US VP on Gaza After Israeli PM Meeting US Vice President Kamala Harris says the world cannot become "numb" to suffering in Gaza, speaking after meeting the Israeli prime minister. Benjamin Netanyahu also held talks with President Joe Biden on Thursday, where they discussed ongoing (正在進行的) efforts to secure a ceasefire deal. He is expected to meet with former President Donald Trump on Friday - who is vying to return to the White House in November. Sally Patterson has more. Japan Heavy Rain Heavy rain has hit northern Japan, triggering floods and landslides, disrupting transportation systems and sending hundreds of residents to take shelter at safer grounds. The Japan Meteorological Agency issued emergency warnings of heavy rain for several municipalities in the Yamagata and Akita prefecture, where warm and humid air was flowing. According to emergency officials, one person is missing in Akita prefecture, after being hit by a landslide at a road construction site. Officials predicted up to 20 centimeters of more rainfall in the region through this evening, urging residents to remain cautious (謹慎). G20 Discussing Global Tax on SuperRich Finance ministers from leading rich and developing nations are meeting in Rio de Janeiro to discuss a global tax on the super-rich. The proposal before the G20 participants would require individuals with over $1 billion in total assets to pay the equivalent of 2% of their wealth in income tax. Brazil, which currently holds the Group of 20 presidency. A Brazilian ministry official has said France, Spain, and South Africa have expressed support for the proposal. U.S. Treasury Secretary Janet Yellen said Thursday the U.S. doesn't support it and that tax policy is hard to coordinate globally. A study commissioned by Brazil finds that billionaires currently pay the equivalent (相等的) of 0.3% of their wealth in taxes. The report said a 2% tax would raise up to $250 billion per year globally from about 3,000 individuals, money that could fund public services such as education and health care as well as the fight against climate change. That was the I.C.R.T. news, Check in again tomorrow for our simplified version of the news, uploaded every day in the afternoon. Enjoy the rest of your day, I'm _____. -- Hosting provided by SoundOn