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NEW YORK, United States (AFP) — Wall Street stocks fell sharply Thursday after President Donald Trump said he will enact steep tariffs on steel and aluminum imports, reviving worries of a trade war. The Dow Jones Industrial Average tumbled 1.7 percent to close 24,608.98, above the worst levels of the day. The broad-based S&P 500 dropped 1.3 percent to end at 2,677.67, while the tech-rich Nasdaq Composite Index fell 1.3 percent to 7,180.356. Trump, at […]
HONG KONG, China (AFP) — Asian markets saw in March with sharp losses on Thursday, extending a global sell-off on US interest rate hike fears, with energy firms taking another hit from plunging oil prices. After a couple of weeks of calm, the volatility that kicked off February has returned on worries that the strong US economy and Donald Trump’s tax cuts will lead the Federal Reserve to tighten borrowing costs more than previously thought. […]
PARIS, France (AFP) — French fashion brand Lacoste on Wednesday swapped the crocodile logo on its shirts for the first time in its history for 10 of the most endangered species on the planet. The green Lacoste crocodile — one of the world’s best-known logos — was replaced by the Sumatran tiger, the Javan rhino and the Cao Vit gibbon on the chest of its classic white polo shirts in a limited edition charity tie-in […]
ABU DHABI, United Arab Emirates (AFP) — OPEC chief Suhail al-Mazrouei said Tuesday he expected the global oil market to be balanced this year, as producers continue to trim production following a 2014 market crash. “I am optimistic that this year, we will achieve a market balance” between supply and demand, Mazrouei, also the energy minister of the United Arab Emirates told the Global Financial Markets Forum in Abu Dhabi. Oil producers from OPEC and […]
NEW YORK, United States (AFP) — Global stocks struck a triumphant note on Monday, rising solidly ahead of an event-packed trading week. The wave of higher results began in Asia, where Tokyo’s main stocks closed up more than one percent, followed by solid gains in Europe and even stronger advances in New York. The gains helped take another bite out of the big losses suffered at the start of February when fears of US inflation […]
QUEZON CITY, Philippines (Eagle News) — The Technical Education and Skills Development Authority (TESDA) will train 100, 000 construction workers for the government’s “Build, Build, Build” program to fast-track the administration’s infrastructure projects. “This is only an initial training for the Build, Build, Build alone. The government’s infrastructure projects will give employment to the people,” Tesda Director General Guiling “Gene” Mamondiong said. The trainees will come from the poor, the indigenous people and rebel returnees. […]
HONG KONG, China (AFP) — Asian markets picked up Monday where they left off last week, with gains across the board as investors tracked a healthy lead from Wall Street. The advances helped take another bite out of the big losses suffered at the start of February, which was caused by concerns over the impact of rising inflation that could lead to higher US interest rates. Those worries were eased somewhat Friday when the Federal […]
by Rob Lever Agence France Presse WASHINGTON, United States (AFP) — Microsoft faces off with the US government before the Supreme Court Tuesday over a warrant for data stored abroad that has important ramifications for law enforcement in the age of global computing. The case, which dates back to 2013, involves the US warrant ordering Microsoft to turn over the contents of an email account used by a suspected drug trafficker, whose data is stored […]
by Erwan Lucas Agence France Presse BARCELONA, Spain (AFP) — Samsung unveiled its new flagship smartphone on Sunday with a focus on augmented reality features as it seeks to keep its title as the world’s biggest smartphone maker. The South Korean firm showcased the Galaxy S9 on the eve of the official start of the Mobile World Congress in Barcelona, which comes after a year of flat smartphone sales. With no other major handset maker […]
OTTAWA, Canada (AFP) — Canada said Thursday it was allowing Boeing to submit a bid to replace the country’s ageing F-18 fleet, after an earlier trade dispute between the American manufacturer and Ottawa. The announcement came a month after the US International Trade Commission rejected a complaint filed by Boeing against its Canadian rival Bombardier, demanding nearly 300 percent anti-dumping duties on the C Series passenger plane. Boeing, which makes the Super Hornet, is one […]
WASHINTON, United States (AFP) — Singapore-based Broadcom said Wednesday it was cutting its offer price for mobile chip maker Qualcomm in the wake of the US firm’s increased bid for Dutch rival NXP. Broadcom reduced its offer to $79 a share, which would still be the largest-ever deal in the tech sector if completed at an estimated value of nearly $117 billion. The move came amid a closely watched hostile bid for Qualcomm which could […]
by Pauline Froissart Agence France Presse LONDON, United Kingdom (AFP) — Less than a third of KFC’s outlets in Britain remained shut Wednesday afternoon, following a supply crisis that closed hundreds of its restaurants and left customers struggling to find their deep-fried chicken fix. Around 628 of the American fast-food chain’s 900 British outlets were open by mid-afternoon, according to an online list updated by KFC. “I want my burrito wrap!” 31-year-old Karen Brian told […]
