Ibinunyag ng isang dating tauhan ni Lucio Tan na may tax deficiencies o hindi pa nababayarang buwis ang bilyonaryo. Aabot daw sa mahigit isang trilyong piso ang kailangang bayaran ng negosyante sa pamahalaan.
Business
Musk beats deadline for building world’s biggest battery
SYDNEY, Australia (AFP) — Entrepreneur Elon Musk has won a US$50 million bet by beating a 100-day deadline for building a giant battery to help South Australia avoid energy blackouts, officials said. State Premier Jay Weatherill said testing of the massive lithium ion battery would begin within days, ahead of the December 1 deadline Musk set for himself when he signed off on the project earlier this year. Musk had pledged to build the battery […]
Angry Birds maker posts loss despite jump in sales
HELSINKI, Finland (AFP) — Finland’s Rovio Entertainment, creator of the popular smartphone game Angry Birds, on Thursday posted a loss for the third quarter despite rising sales, as it increased its investments with a view to boost its winnings in future. Sales reached 70.7 million euros (nearly $84 million) in the third quarter compared to 50 million the previous year, but year-on-year the company lost 800,000 euros. Rovio posted a profit of 3.9 million euros […]
Edible glass made from seaweed to curb plastic plague
JAKARTA and MAKASSAR, South Sulawesi Province, Indonesia (Reuters) — Jakarta food and beverages retailer Ong Tek Tjan sells ice cream in cups his customers can eat afterwards, instead of throwing them away. The cups are made from seaweed and taste like jelly, in flavors from peppermint to green tea. Indonesian start-up Evoware, which makes the cups, as well as other containers, from farmed seaweed free of chemicals, is relying on its biodegradable alternative to plastic […]
Singapore growth beats forecasts as global trade improves
SINGAPORE, Singapore (AFP) — Singapore’s economy beat expectations to grow at its fastest pace in nearly four years during the third quarter, data showed Thursday, boosted by a surge in global demand that has buoyed Asia in the face of brewing protectionist fears. The forecast-beating performance for the island-state follows similarly strong readings from the Philippines, Malaysia, Thailand, South Korea and Taiwan, all of which have benefited from a pick-up in world trade. The trade […]
Dollar struggles in Asia on Fed rate hike uncertainty
HONG KONG, China (AFP) — The dollar struggled Thursday in Asia following the previous day’s losses as dovish Federal Reserve minutes rowed back expectations for US interest rate hikes. While board members at the US central bank will likely lift borrowing costs next month, official records of their October meeting indicate some are increasingly concerned about persistently low inflation as well as high equity prices. The release of the minutes came after data showing a […]
Tokyo stocks open higher
TOKYO, Japan (AFP) — Tokyo stocks opened higher on Wednesday tracking rallies on Wall Street, with trade expected to be cautious ahead of a national holiday. The benchmark Nikkei 225 index rose 0.88 percent, or 197.69 points, to 22,614.17 in early trade while the broader Topix index was up 0.67 percent, or 11.84 points, at 1,782.97. © Agence France-Presse
Global stocks shrug off German uncertainty, Wall Street at records
NEW YORK, United States (AFP) — Global equities pushed higher on Tuesday, with leading US indices ending at fresh records as investors shrugged off continued political uncertainty in Germany. Germany’s president held talks with party leaders in a last-ditch attempt to save the EU’s top economy from the political turmoil sparked by the collapse of Chancellor Angela Merkel’s coalition talks. But equity markets were unperturbed by the uncertainty, pushing higher across Asia, Europe and the […]
Sierra Leone’s ‘Peace Diamond’ shown ahead of New York auction
NEW YORK CITY, New York (Reuters) — The 14th largest diamond in the world was displayed in New York on Tuesday (November 21) and will go up for auction in New York on December 4. The “Peace Diamond” was discovered in Sierra Leone and is 709 carats in its uncut form. “I think the idea that we trust the government of Sierra Leone today is a very important sea change in how the world is […]
Hackers stole data from 57 million Uber riders, drivers: CEO
SAN FRANCISCO, United States (AFP) — Uber said Tuesday hackers compromised personal data from some 57 million riders and drivers in a breach kept hidden for a year. “None of this should have happened, and I will not make excuses for it,” said a statement from chief executive Dara Khosrowshahi, who took over at the ridesharing giant in August. Two members of the Uber information security team who “led the response” that included not alerting […]
Volvo to supply Uber with self-driving cars
STOCKHOLM, Sweden (AFP) — Swedish carmaker Volvo Cars said Monday it has signed an agreement to supply “tens of thousands” of self-driving cars to Uber, as the ride-sharing company battles a number of different controversies. Volvo — which is owned by China’s Geely and has yet to build a self-driving system — said in a statement that it would supply Uber with “autonomous driving compatible base vehicles between 2019 and 2021.” Uber would then add […]
AT&T sued, tech lifts Wall Street
Reuters — A source told Reuters Monday the Justice Department will file a lawsuit blocking AT&T’s $85-billion purchase of Time Warner. Tech and telecom stocks like AT&T pushed Wall Street higher on Monday. Trading volumes could be thin this week ahead of the Thanksgiving holiday on Thursday since no big companies are reporting earnings and economic data are slim. “As we sit today going into year end, we think that the stability will continue. However, […]
