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WASHINGTON, United States (AFP) — The US Supreme Court on Monday upheld a $120-million patent award Samsung was ordered to pay Apple in the latest ruling in a series of legal skirmishes between the top two smartphone makers. The US justices let stand without comment a 2016 appeals court verdict reinstating the award for Apple, which sued Samsung over patents for “slide to unlock” and other features used on smartphones. The case is separate from […]
NEW YORK, United States (AFP) — US stocks cruised to fresh records for the second straight day on Monday amid a tech-sector mega-merger and the opening debate in Congress on a Republican plan for deep corporate tax cuts. Oil stocks also rose as crude prices hit a two-year high on political upheaval in Saudi Arabia. The blue-chip Dow Jones Industrial Average finished up less than a tenth of a percentage point at 23,549.1 and the […]
HONG KONG, China (AFP) — Asian stocks mostly fell Monday morning, as US President Donald Trump lashed out at “not fair and open” trade practices and China’s central bank governor warned of excessive debt. Trump began his marathon Asia tour in earnest Monday by criticising the trade relationship with Japan, saying that the close Washington ally had been “winning” for decades at the expense of the United States. In particular, Trump’s criticism of “massive trade […]
by Issam AHMED Agence France-Presse WASHINGTON, United States (AFP) — US Commerce Secretary Wilbur Ross has business ties to a shipping firm linked to Vladimir Putin’s inner circle, according to a vast leak of financial documents that also revealed Britain’s Queen Elizabeth II’s investments in tax havens. It was also revealed that Canadian Prime Minister Justin Trudeau’s top fundraiser and senior advisor Stephen Bronfman, heir to the Seagram fortune, moved some $60 million to offshore […]
TOKYO, Japan (AFP) — Tokyo stocks opened higher on Monday, as investors were encouraged by gains on Wall Street and brisk corporate results reported recently by Japanese companies. The benchmark Nikkei 225 index edged up 0.35 percent, or 77.97 points, to 22,617.09 in early trade while the broader Topix index was up 0.21 percent, or 3.68 points, at 1,797.76. Japanese shares are being boosted “by the expanding global economy and good earnings reports by companies […]
BEIJING, China (Reuters) — Wen Qinle, a 29-year-old mobile accessory shop owner in China, who has been in the business for ten years, said that he had stocked-up forty cases and one hundred screen protectors for Apple’s iPhone X which launched on Friday (November 3). The businessman is expecting the latest iteration of the iPhone to help lift sales after Apple said pre-orders for the the ten-year edition handset have been “off the charts”, following […]
SAN FRANCISCO, United States (AFP) — The global smartphone market has momentum going into the year-end holiday shopping season, according to preliminary figures released Thursday by International Data Corporation (IDC). An estimated 373.1 million smartphones were shipped worldwide during the third quarter of this year in a 2.7 percent rise from the same period in 2016, IDC said in a statement. While IDC analysts considered the growth low, they saw it as a sign “the industry still has […]
NEW YORK, United States (AFP) — The Dow ended at a record high Thursday after President Donald Trump nominated Jerome Powell to lead the Federal Reserve and congressional Republicans unveiled their long-awaited tax cut plan. The Dow Jones Industrial Average gained 0.3 percent to finish at 23,514.81, about 75 points above the prior record set last Friday. The broad-based S&P 500 ended up a hair at 2,579.85, while the tech-rich Nasdaq Composite Index dipped less […]
by Glenn Chapman Agence France Presse SAN FRANCISCO, United States (AFP) — Apple on Thursday reported profits rose on the back of strong iPhone sales in the past quarter, with the US tech giant set to begin selling its newest flagship handset seen as a key to its future. Net profit rose 19 percent from a year ago to $10.7 billion in the fiscal fourth quarter to September 30, Apple said. Revenues were up 12 percent to […]
QUEZON CITY, Philippines (Eagle News) — The Duterte Administration’s economic managers appealed to Congress to pass laws that will modernize the way of doing business in the Philippines. National Economic Development Authority (NEDA) Secretary General Ernesto Pernia said that outdated laws are hindering business in the country, especially in the local government units (LGUs). Some of the proposed measures include a one-stop shop in processing business permits, amendments in the economic provisions of the Constitution, […]
QUEZON CITY, Philippines (Eagle News) — An estimated half a million, or 500,000 new jobs will be created with the $6 billion investment deal from Japan, according to Trade Secretary Ramon Lopez. The trade chief after their successful visit in Japan said that there are 18 Japanese firms that will invest in the Philippines, which include investments in manufacturing, infrastructure, and information and communications technology. The investment deal was sealed during President Rodrigo Duterte’s recent […]
HONG KONG, China (AFP) – Asian stocks edged up Thursday on strong US growth forecasts, as traders braced for a series of key economic announcements. The muted start to trading comes ahead of the US House Republicans’ tax announcement and confirmation of President Donald Trump’s pick for the new Federal Reserve chair, as well as an important Bank of England meeting. Investors in Tokyo and Hong Kong built moderately on overnight gains in most world […]
