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Taiwan's October exports hit high, jump nearly 60% on AI demand

Taipei, Nov. 9 (CNA) Taiwan's exports hit a record high in October, surging nearly 60 percent from a year earlier as strong global demand for artificial intelligence (AI) applications continued to boost shipments of technology products, the Ministry of Finance (MOF) said Monday.

Firms face cumulative fines for minimum wage breaches from 2027

Taipei, Nov. 9 (CNA) Employers that pay workers below Taiwan's minimum wage will face cumulative fines for repeat violations beginning Jan. 1, 2027, with fines for listed companies, medical centers and other specified entities set at a minimum of NT$50,000 (US$1,522), the Ministry of Labor (MOL) said Monday.