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HONG KONG, China (AFP) — Asian markets plunged Monday after a sharp sell-off on Wall Street fuelled by concerns about the global economy and a possible recession in the United States. There appeared to be very little reaction to news that an investigation found no evidence of collusion between Donald Trump’s election campaign and Russia, which observers said removed some uncertainty from markets. After a broad-based rally since the start of the year built on […]
By Caesar Vallejos OPEN FOR BUSINESS, Eagle News In spite of the country’s rich natural resources and great customer service, the Philippine tourism industry is faced with roadblocks that include the lack of facilities and infrastructures. The need to maximize digital technologies will help realize the industry’s full development, spurring the growth of small and medium-sized enterprises in the country. “If we can just develop this particular aspect of our economy, I think this has […]
By Glenn Chapman Agence France-Presse (AFP) — Facebook on Thursday admitted that millions of passwords were stored in plain text on its internal servers, a security slip that left them readable by the social networking platform’s employees. “To be clear, these passwords were never visible to anyone outside of Facebook and we have found no evidence to date that anyone internally abused or improperly accessed them,” Pedro Canahuati, the company’s vice president of engineering, security, […]
by Alex PIGMAN The EU’s powerful anti-trust regulator slapped tech giant Google with a new fine on Wednesday over unfair competition, in Europe’s latest salvo against Silicon Valley. In its third major decision against the search engine behemoth, Brussels sanctioned Google’s once popular AdSense advertising service, saying it illegally restricted client websites from displaying ads from ad service rivals. Google and the EU have been at loggerheads about the monopoly of Google over internet search […]
By Caesar Vallejos OPEN FOR BUSINESS, Eagle News Service The Philippines’ largest thrift bank, the BPI Family Savings Bank (BFSB), launched the one and only housing loan in the country that provides clients with a savings account. The savings account is “on us, free – equivalent to P10,000 for every 1M housing loan and clients can choose from three deposit products” of the bank, BPI Family Savings President Ginbee Go announced in a media roundtable […]
HONG KONG, China (AFP) — Asian markets rose Monday as investors tracked a positive lead from Wall Street on optimism over the China-US trade talks, while attention turns to the Federal Reserve’s next policy meeting this week. The pound held gains as Prime Minister Theresa May tries to push her EU divorce deal through parliament for a third time, failure of which could see Britain extend its exit deadline or possibly crash out of the […]
HONG KONG, China (AFP) — Asian markets rose Friday as Donald Trump struck an upbeat note on trade talks with China, while the pound held steady after British MPs voted to delay Brexit. While there remain some concerns about the global outlook, investor confidence has been supported by ongoing optimism that the world’s two biggest economies will eventually hammer out a deal to end their long-running trade row. The US president provided fresh cheer Thursday […]
By Caesar Vallejos OPEN FOR BUSINESS, Eagle News Service Members of the Philippine Chamber of Commerce and Industry (PCCI) were urged to rethink their policies and strategies to prepare their businesses for the transformation that the digital revolution is bringing. “Workers, businesses and the government must prepare for the transformation,” PCCI President Ma. Alegria Limjoco said in her speech at the PCCI General Membership Meeting held at the Dusit Thani Hotel last March 12, 2019. […]
HONG KONG, China (AFP) — The pound retreated from nine-month highs in Asia on Thursday as investors are dogged by Brexit uncertainty, while equities were mixed as a healthy Wall Street lead was offset by more disappointing Chinese economic data. In another night of drama in Westminster, MPs voted against leaving the European Union without a deal, having rejected Prime Minister Theresa May’s agreement with the bloc for a second time. The move sent the […]
NEW YORK, United States (AFP) — Wall Street held on to solid gains on Wednesday, rallying as British lawmakers ruled out a no-deal Brexit and President Donald Trump became among the last world leaders to ground Boeing’s 737 MAX aircraft. Investors also were cheered by economic data showing the US manufacturing sector had a boost in January and wholesale inflation remained tame in February. Shares in Boeing bounced erratically after Trump’s decision to ground all […]
The European Union must hear from Britain how it plans to proceed with Brexit before deciding whether to delay the divorce, negotiator Michel Barnier said Wednesday. On Tuesday, British MPs rejected the Brexit withdrawal plan that Prime Minister Theresa May had agreed with EU negotiators — with just 16 days to go before Britain is due to leave the bloc. The lawmakers are to vote again on Wednesday to indicate how they plan to proceed, […]
The US warned Tuesday it was considering a complaint at the World Trade Organization over “discriminatory” new taxes on American digital giants such as a Facebook and Google planned by France and other EU nations. “We think the whole theoretical basis of digital service taxes is ill-conceived and the effect is highly discriminatory against US-based multinationals,” Chip Harter, a Treasury official and US delegate for global tax talks, said in Paris. Speaking ahead of two […]
