Breaking News, Latest Philippines Headlines, World, Entertainment, Politics, Weather & Video News
TEHRAN, July 1, 2018 (AFP) – Iran vowed Sunday to defeat US efforts to block its oil exports and warned rival producer Saudi Arabia it would never take Tehran’s “place” on the international oil market. “We will surely do something to thwart the US rallying cry that Iranian oil (exports) must be stemmed,” First Vice President Eshagh Jahangiri said in statements broadcast on state television. “The (Iranian) government has a plan… and God willing we are certain […]
SEOUL, South Korea (AFP)–South Korea’s LG Group on Friday welcomed the heir to its late patriarch as holding company board member, paving the way for yet another family transfer of corporate power in the country. LG is the South’s fourth-biggest conglomerate and perhaps best known internationally for its household appliances and consumer electronics, but among myriad other activities also has operations in chemicals, cosmetics, and Coca-Cola bottling. Koo Kwang-mo, a senior executive at LG Electronics […]
NEW YORK, United States (AFP)–Nike shares surged Thursday as the company reported higher earnings, announced a new share buyback program and talked up its ambitious digital investment program that emphasizes direct selling to consumers. Nike reported earnings of $1.1 billion in its fiscal fourth quarter, up 12.8 percent from the year-ago period. Revenues also rose 12.8 percent to $9.8 billion. The company bested analyst expectations in both earnings per share and revenues. China was the […]
SAN FRANCISCO, United States (AFP) – Apple and Samsung have ended a years-long patent battle over copied iPhone design with an undisclosed settlement, according to a US court filing Wednesday. The world’s two biggest smartphone makers reached a truce in their seven-year-old court battle a month after a federal court jury ordered Samsung to pay Apple some $539 million for copying patented iPhone features. That award was seen as a victory for Apple, which had […]
by John Biers © Agence France-Presse NEW YORK, United States (AFP) – US antitrust regulators on Wednesday conditionally approved Walt Disney’s proposed $71.3 billion purchase of key 21st Century Fox assets, boosting the chances for the tie-up to create a new media-entertainment powerhouse. The US Department of Justice approved the deal subject to Disney selling 22 regional sports networks now owned by Fox. The news moves Disney’s proposed buyout one step closer to completion after the […]
OSLO, Norway (AFP) — Facebook and Google are pushing users to share private information by offering “invasive” and limited default options despite new EU data protection laws aimed at giving users more control and choice, a government study said Wednesday. The Norwegian Consumer Council found that the US tech giants’ privacy updates clash with the new General Data Protection Regulation (GDPR), which forces companies to clarify what choices people have when sharing private information. “These […]
WASHINGTON, United States (AFP)–Facebook said Tuesday it was easing a ban on ads for cryptocurrencies while keeping a prohibition on initial coin offerings to raise assets. The move comes five months after the leading social network said it was banning all ads related to cryptocurrencies like bitcoin as a way to curb scams. To place ads on Facebook for cryptocurrencies, companies will need to be pre-approved and offer proof they have licenses or are […]
by Alice RITCHIE Agence France-Presse LONDON, United Kingdom (AFP) — British Members of Parliament (MPs) overwhelmingly approved on Monday long-awaited plans to build a third runway at London’s Heathrow, Europe’s busiest airport, after decades of acrimonious debate over its potential impact. Lawmakers, by a wide margin of 296 votes, backed expansion proposals agreed earlier this month by Prime Minister Theresa May’s government, overcoming vehement opposition from MPs with constituencies nearby where residents fear increased pollution […]
by Francois BECKER Agence France-Presse MARSEILLE, France (AFP) — French-Lebanese businessman Jacques Saade, who founded CMA CGM, which went on to become the world’s third largest container shipping firm, has died, his company said. He was 81. “Jacques R. Saade dedicated his life to CMA CGM. A true visionary and unique entrepreneur, he made his business a world leader in the maritime container transport,” a company statement said in announcing his death on Sunday. “We have lost […]
by Edouard GUIHAIRE Agence France-Presse LONDON, United Kingdom (AFP) — Uber claimed Monday to have mended its ways as the ride-hailing app started its appeal against being stripped of its license to operate in London. Uber agreed that the city’s transport authority was right to block its renewal last September — but said it had since undergone “wholesale change” in response, and the decision should therefore be overturned. Transport for London (TfL) had decided […]
by John Biers © Agence France-Presse NEW YORK, United States (AFP)–Harley-Davidson plans to shift some manufacturing of its iconic motorcycles overseas to avoid retaliatory European tariffs imposed last week, the company said Monday. The announcement comes as the 117-year old company is also buffeted by higher steel costs following tariffs enacted by US President Donald Trump, who had embraced the company as an emblematic US industrial firm in the early days of his administration. Trump on Monday […]
HONG KONG, China (AFP) — Asian markets fell Monday as fears of a global trade war continue to dog investors, with Donald Trump threatening fresh tariffs on European cars and reports he is considering curbs on Chinese investment in the US. There was little sign of relief after equities suffered a pummelling last week in response to tit-for-tat warnings by Beijing and Washington, which has fuelled concerns about the potential damage to the world economy. […]
