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HONG KONG, China (AFP) — Asian energy firms sank Thursday following a plunge in oil prices while equity traders remained on edge after North Korea’s latest missile test and warnings from the United States it would use force to deal with the nuclear-armed state. Crude fell around four percent Wednesday on renewed concerns about a global supply glut that overshadowed data pointing to a drop in US stockpiles. Investors are worried that an output cut […]
Pinasinayaan at binuksan na sa publiko ang pang-isang libong store ng Jollibee Corporation sa bansa na nasa Bonifacio Global City triangle drive sa Taguig City. Magugunitang nagsimula ang pinakamalaking fastfood chain sa bansa sa isang ice cream parlor sa Cubao, Quezon City noong late 1970’s. Ito ay lumaki nang lumaki hanggang dumami ang mga branches at naging isa na ngayon sa mga kilalang Filipino brands at sinasabing Asia’s number one QSR brand sa kasalukuyan. Isinasagawa […]
by David Harding Agence France Presse DOHA, Qatar (AFP) — Energy-rich Qatar said Tuesday it plans to increase natural gas production by 30 percent over the next several years, as it faces pressure from its neighbors in a diplomatic crisis. State-owned Qatar Petroleum said it would go ahead with the output boost regardless of whether or not Saudi Arabia and its allies maintain a sweeping embargo they imposed last month. The company’s head, Saad Sherida […]
SEOUL, South Korea (AFP) — Samsung Electronics will invest nearly $18 billion in its chip business, the South Korean firm said Tuesday, as it seeks to expand its lead in the global memory chip and smartphone markets. The world’s top maker of smartphones and memory chips will invest 20.4 trillion won ($17.7 billion) by 2021 to expand and upgrade its chip plants in the South Korean cities of Pyeongtaek and Hwaseong, it said in a […]
HONG KONG, China (AFP) — Asian markets mostly rose on Tuesday with energy firms rallying with their United States counterparts after the recovery in oil prices extended in New York, where the Dow chalked up another record high ahead of Independence Day. Crude lost around a fifth of its value between mid-May and mid-June, hitting 10-month lows, as traders fretted that a pick-up in US output was offsetting cuts by key producers in OPEC and […]
SAN FRANCISCO, United States (AFP) — Microsoft is planning layoffs as it refocuses its sales force on making the software colossus a pivotal part of businesses relying on cloud computing, according to media reports. While many reports forecast the changes would result in thousands of job cuts, Microsoft on Monday only confirmed to AFP that changes were on the way. “Microsoft is implementing changes to better serve our customers and partners,” a Microsoft spokesperson told […]
NEW YORK, United States (AFP) — Rising oil prices and investor appetite for financial stocks helped boost most major United States and European equities on Monday while the dollar rebounded on exchange markets ahead of the July 4 holiday in the US. On a shortened trading day, Wall Street finished mixed, with the blue-chip Dow and the S&P both a hair’s breadth below record closes while faltering tech stocks took the Nasdaq lower. The Dow […]
(Eagle News) — Oil companies announced a price increase in their petrol products this week. Thirty to 40 centavos per liter will be added to the present rates of gasoline, while 60 to 70 centavos will be added to diesel prices. Fifty to 60 centavos will be added to kerosene prices. This is the first oil price increase since the three-time rollback last month.
TOKYO, Japan (AFP) — Tokyo stocks sank more than one percent Friday morning, tracking sharp losses in United States and European markets, with technology firms among the worst hit. The benchmark Nikkei 225 fell 1.09 percent, or 219.42 points, to 20,000.88 by the break, while the Topix index of all first-section issues was down 0.88 percent, or 14.29 points, at 1,609.78. “There’s been profit-taking in certain tech shares, which have rallied recently,” said Toshikazu Horiuchi, […]
Every dry season, women from a village in the south of the Democratic Republic of Congo paint scenes of daily life on the walls of their homes. Those homes have become tourist attractions, bringing visitors and opportunities to the region marred by political unrest. (AFP Video) https://youtu.be/UssBuSu1Ybs
WASHINGTON, United States (AFP) — If the United States fails to take decisive measures to combat climate change, it will become a poorer country facing more dramatic inequality, according to a study published Thursday. The poorest third of US counties could see income drops as great as 20 percent if current trends continue, according to the worst-case projection of the study, published in the journal Science. An interdisciplinary team of climatologists and economists based its […]
TOKYO, Japan (AFP) — Three decades after it abandoned vinyl production, Sony says it will start making records again on the back of surging demand for the retro music format. A factory southwest of Tokyo will be churning out freshly pressed records by March next year, Sony Music Entertainment said Thursday. The Japanese giant stopped making vinyl records in 1989, a company spokesman said, as consumers flocked to compact discs and other emerging music technology. […]
