EZ News 10/18/22

Good afternoon, I'm _____ with today's episode of EZ News. **Tai-Ex opening ** The Tai-Ex opened up 109-points this morning from yesterday's close, at 13,075 on turnover of 3.4-billion N-T. The market lost ground on Monday as investors opted to move to the sell side following heavy loses on Wall Street at the end of last week on renewed fears of a further aggressive rate hike by the U-S Federal Reserve. The bellwether electronics sector led the downturn, as government-led funds are believed to have stepped in, picking up large-cap non-tech stocks in the petrochemical and financial sectors to limit losses by the end of the session. **Cabinet Setting Out Tougher Rules Restricting Use of China Tech ** The Cabinet is reportedly working on a series of regulations aimed at tighten protocols restricting the use of China-made tech by government agencies. Reports say the equipment being targeted by the regulations includes China-made telecom hardware and software as well as digital billboards and video display systems used by state-owned and affiliated (附屬) agencies. The move is being backed by the Ministry of Digital Affairs. According to the ministry, the stepped-up restrictions will be based on amendments to current laws that already limit the use of products by government agencies that pose a threat to national information security. **CEOC Reports 414 Cases of Damage as Rain Battered Island ** The Central Emergency Operation Center says 414 cases of damage to public infrastructure and private property have been reported since Tropical Storm Nesat moved away from Taiwan on Monday. The incidents included damage to roads and infrastructure facilities. A total 243 were reported in Taipei and 126 cases reported in New Taipei cities. The center has now lowered disaster level to Level 2 as the rains are now easing (緩和). However, the Central Weather Bureau is warning that chances of extremely heavy rain or heavy rain remain high in regions north of Taoyuan and in the northeast into today. **US House panel: Trump's bills to Secret Service 'exorbitant' ** Documents released by House committee shows Donald Trump's private companies charged (收費) high rates for the Secret Service to stay at Trump properties during his presidency. The AP's Ed Donahue reports. **UN Chief Calls for End of Hostilities in Tigray ** The United Nations chief is demanding an immediate end to hostilities in Ethiopia’s northern Tigray region and withdrawal of Eritrean forces fighting alongside the government. Secretary-General Antonio Guterres told reporters Monday that “violence and destruction have reached alarming levels” and “civilians are paying a horrific price.” He warned that “the situation in Ethiopia is spiraling (不斷上升) out of control" and stressed that “there is no military solution” to the nearly two-year conflict between Tigrayan forces and the federal government. Guterres called for an urgent resumption of talks between the two sides and said the U.N. will support African Union efforts. 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