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by Emily Manuel Contributor, Eagle News (Eagle News) – “The future is now,” chanted a group of business and IT leaders who gathered at the Okada Hotel in Manila on March 21, 2019 for Microsoft’s Future Now Artificial Intelligence (AI) Conference. The results of the Microsoft and International Data Corporation (IDC) study entitled “Future Ready Business: Assessing Asia Pacific’s Growth Potential Through AI” were also unveiled during the said forum. – What is AI? – […]
by Emily Manuel Contributor, Eagle News (Eagle News) — More than 100 participants from member economies of the Asia Productivity Organization (APO) and Philippine public and private sector organizations attended the “Forum on Advancing National Productivity through Excellence Strategies” at the Marriott Hotel, Pasay City on April 12, 2019. The forum featured three international speakers who shared their experiences in the implementation of the APO Center of Excellence (COE) programs: Green Productivity (Taiwan), IT for […]
Asian equity markets mostly fell on Thursday, April 11, with few catalysts to drive buying and investors still on edge over a brewing trade battle between the United States and Europe. White House threats this week to hammer $11 billion worth of EU goods with tariffs jolted markets, which have been rallying this year on optimism that China and the US were close to ending their own battle. The warning revived concerns about US President […]
NEW YORK, United States (AFP) — Boeing on Tuesday reported a 19 percent drop in first-quarter commercial airplane deliveries as the global grounding of its 737 MAX plane hits results. The aerospace giant delivered 149 commercial planes in all in the first quarter, including 89 of the 737 MAX aircraft. That is down from 184 commercial deliveries and 132 of the 737s in the same period of last year. Boeing has been under scrutiny following […]
NEW YORK, United States (AFP) — Boeing shares slumped Monday on the company’s weakened profit outlook after it announced last week it will cut production of 737 planes following two deadly crashes. Shares were down 4.5 percent at $374.02 in afternoon trading, weighing on the Dow in the first session since Boeing announced late Friday it would trim production to 42 planes per month, down from 52 per month. Several analysts downgraded profit estimates, […]
By Caesar Vallejos OPEN FOR BUSINESS, Eagle News Service The cultural season is on and highlighting the annual celebration is the European Union (EU) Delegation to the Philippines’ “Viva Europa 2019” conducted in partnership with the EU member states’ embassies and European cultural institutes. “Viva Europa is part of our cultural diplomacy which aims at reinforcing mutual understanding and strengthening people-to-people links”, said European Union Ambassador Franz Jessen. In his welcome remarks to members of […]
HONG KONG, China (AFP) — Asian markets were mixed Monday but investors remain broadly upbeat after a strong US jobs report that eased concerns about the world’s top economy, while the pound edged up at the start of another crucial week in the Brexit saga. The gains built on last week’s rally that was fuelled by optimistic tones from China and the United States on trade talks, with top White House economic adviser Larry Kudlow […]
HONG KONG, China (AFP) — Asian markets were mostly up in holiday-thinned trade on Friday as investors took support from hopes that China and the United States will hammer out a trade deal after both sides sounded notes of optimism. With top negotiators from the world’s top two economies huddled down in Washington for three days of talks, there has been a growing sense they are close to an agreement to end a stand-off that […]
VIENNA, Austria (AFP) — Austria on Wednesday proposed taxing internet giants such as Google and Facebook five percent of their digital advertising revenue, a higher rate than France and other EU countries are seeking. Austrian Chancellor Sebastian Kurz said the tax aimed to stop the “unfairness” of internet giants who have until now routed their sales through subsidiaries in low-tax EU members. The government hopes that the new tax, which still has to be approved […]
by Catherine LAI HONG KONG, China (AFP) — Cathay Pacific’s purchase of rival HK Express was an inevitable plunge into the no-frills market as the premier marque belatedly faces the reality that it can no longer ignore the budget sector, analysts say. Asia’s biggest international carrier has historically eschewed the low-cost sector, even as the region’s rising middle class has fuelled an unprecedented boom in air travel and demand for cheaper routes. But last week […]
HONG KONG, China (AFP) — Asian investors pressed on with their buying spree Tuesday as they took up the baton from a strong Wall Street rally, cheered by healthy economic data, optimism over China-US trade talks and the prospect of no hike in borrowing costs. A forecast-beating factory report out of Beijing — which spurred buying across the region Monday — was followed by a similarly positive US reading, tempering worries about the outlook for […]
TOKYO, Japan (AFP) — Confidence among Japan’s biggest manufacturers fell sharply this quarter, the Bank of Japan’s quarterly business survey showed Monday, suggesting a stuttering recovery for the world’s third-largest economy. The central bank’s April Tankan report — a quarterly survey of about 10,000 companies — showed a reading of 12 among major manufacturers, a steep fall from 19 in the previous quarter. Economists say a slowdown in the Chinese economy was partly to blame, with […]
