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☆ UN's World Food Programme forced to cut food assistance from 10 million people
▼ + stars: | 2023-09-05 | by ( Hande Atay Alam | ) edition.cnn.com time to read: +2 min

CNN —As of September, 10 million Afghans have lost assistance from the UN’s World Food Programme this year, the organization announced this week. They had to cut food assistance from 2 million people in Afghanistan this month. “Due to a massive funding shortfall, going forward WFP will only be able to provide emergency assistance to 3 million people per month,” the WFP statement said. “These cuts mean that 1.4 million new and expecting mothers and their children are no longer receiving specialized food designed to prevent malnutrition,” Lee said. WFP needs US$1 billion in the next 6 months to be able to feed 21 million people with lifesaving food, the statement said.

Persons: “, ”, Hsiao, Wei Lee, ” Lee, Lee Organizations: CNN, “ Locations: Afghanistan

[1/2] Hsiao-Wei Lee, Afghanistan country director for World Food Programme (WFP), speaks during an interview with Reuters in Kabul, Afghanistan, March 20, 2023. "It's five million people we are able to serve for another couple of months but then beyond that we don't have the resources," WFP Afghanistan Country Director Hsiao-Wei Lee told Reuters. Around 15 million Afghans in danger from lack of food are in need of assistance, according to WFP. WFP needs $1 billion in funding to provide food aid and carry out planned projects between now until March, Lee said. WFP would stay in Afghanistan and carry out its other work such as nutrition projects, Lee said, even if the projected cuts took place.

Persons: Hsiao, Wei Lee, Sayed, Lee, it's, Charlotte Greenfield, Andrew Mills, Aurora Ellis Organizations: Food Programme, Reuters, REUTERS, United Nations, WFP, Afghanistan, Thomson Locations: Afghanistan, Kabul, Islamabad, Doha

☆ ‘Double Tax’ Hinders Taiwan’s Investment in American Factories
▼ + stars: | 2023-04-27 | by ( Yuka Hayashi | ) www.wsj.com time to read: 1 min

TSMC’s semiconductor facility under construction in Phoenix. The lack of a U.S. tax treaty with Taiwan means companies in the U.S. are taxed by both governments. Photo: Caitlin O’Hara/Bloomberg NewsWASHINGTON— Bowei Lee ’s chemical company wants to open a new American factory to make materials for semiconductors, exactly the type of investment U.S. officials are courting as they seek to shore up chip supply chains and boost domestic manufacturing. But the Taiwan-based firm, LCY Group , faces a problem: Earnings from the new factory would be taxed twice.

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