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The taste of India JUNG Yi Chang was among one of the first Taiwanese businessmen who decided to invest in India. But after 40 frustrating trips to the country in the last four years and endless tangles with red tape, he is about to give up. Armed with a stack of documents and accompanied by his US-educated daughter Chin Yu Chang as interpreter Chang, president of the Winny Electron Enterprise Co. Ltd., said he was thinking of giving up on India and moving to Russia, the new, emerging investment destination. "We have wasted a lot of time. To get the licence it took one year. It was finally given in October 2000 but that hasn’t helped," Chang told a correspondent. He said the Rajasthan government had approved the land for the multimillion-dollar colour picture tube factory to come up in Udaipur, but for reasons unknown to him there has been no progress after that. Chang said at least eight Taiwanese companies have been waiting to invest in India and "they are waiting to see what happens to me." Immigration site closed The US authorities said they had shut down an Internet scheme that took millions of dollars from immigrants on promises of help getting US residency. Officials from the Federal Trade Commission (FTC) and the state department said a federal judge had issued a temporary restraining order against the operators of the Internet sites that netted about $3 million last year. The operation consisted of two men who ran eight Websites and did business as US Immigration Services, US Immigration Online, USAIS and USIO, the FTC said. The judge ordered the companies’ assets frozen, and authorities in Florida arrested both men — an American citizen and an Egyptian national — as part of a parallel criminal probe, the agency said. Business rivalry A businessman has been ordered to pay compensation for sending a curse by mobile phone text message to a business rival in southern China, a news report said. The text message, sent on Chinese New Year’s Day, wished the rival in Foshan, Guangdong province, "ill fortune every year and trouble every day," according to the Hong Kong edition of the China Daily. The business rival took the sender to court where he was awarded 1,000 yuan ($ 120) compensation for the psychological torment inflicted by the message, the newspaper said. Data speed breaks
record Two major scientific
research centres said they had set a new world speed record for sending
data across the Internet, equivalent to transferring a full-length DVD
film in seven seconds. The European Organisation for Nuclear Research,
CERN, said the feat, doubling the previous top speed, was achieved in a
nearly 30-minute transmission over 7,000 km of network between Geneva
and a partner body in California. CERN, whose laboratories straddle the
Franco-Swiss border near Geneva, said it had sent 1.1 Terabytes of data
at 5.44 GB a second (GBPS) to a lab at the California Institute of
Technology, or Caltech. This is more than 20,000 times faster than a
typical home broadband connection.
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