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NEW YORK, United States (AFP) — Harley-Davidson on Tuesday revealed gloomy sales ahead after soft results last year, due to weakness in its home market despite the ascendancy of President Donald Trump’s “America First” agenda. The chief of the iconic motorcycle brand said he hopes to turn the company’s fortunes around by drawing in new, younger, fans, and introducing dozens of new models. Net profit for 2016 fell eight percent to $692.1 million, as motorcycle […]
by Glenn CHAPMAN Agence France Presse SAN FRANCISCO, United States (AFP) — Apple on Tuesday reported a rebound in iPhone sales to lift the tech giant to record revenue in the past quarter in quarterly results that eased concerns of slowing growth. The results showed strong demand for Apple’s iPhone 7 models launched last year, with demand outpacing supply. Revenue climbed to an all-time record $78.4 billion compared to $75.9 billion in the same period […]
HONG KONG, China (AFP) — Asian markets retreated again Tuesday, with fears growing about the impact of Donald Trump’s presidency on the global economy as he faces a wave of criticism over his controversial immigration policy. Traders fled for the exits for a second day after the new US leader signed an executive order Friday banning entry to travellers from seven Muslim-majority countries and imposing a temporary ban on refugees. While the White House […]
by Mariëtte Le Roux PARIS, France (AFP) — Smoking cost the world economy more than $1.4 trillion (1.3 trillion euros) in 2012, and sucked up a twentieth of health care spending, a study said Tuesday. The killer habit consumed the equivalent of nearly two percent of global economic output or GDP, according to experts from the World Health Organization (WHO) and the American Cancer Society, with almost 40 percent of the burden falling on developing […]
NEW YORK, United States (AFP) — New York and British authorities on Monday slapped nearly $630 million in fines on German banking giant Deutsche Bank over alleged money laundering in Russia, New York State’s Department of Financial Services announced. The scheme illegally moved $10 billion out of Russia, using so-called mirror trades among the bank’s Moscow, London, and New York offices, authorities said. The US Justice Department also is investigating the matter. The fines were the latest […]
HONG KONG, China (AFP) — The dollar tumbled against its major peers in Asia on Monday while regional markets sank in holiday-thinned trade as dealers were spooked by tensions caused by Donald Trump’s divisive immigration ban. A disappointing reading on US economic growth added to the downbeat sentiment with Wall Street ending last week on a negative note. The reality TV star-turned-president on Friday signed an executive order banning travelers from seven Muslim-majority countries that […]
NEW YORK, United States (AFP) — Starbucks plans to hire 10,000 refugees worldwide over the next five years in response to President Donald Trump’s travel ban, the head of the US coffee-chain company said Sunday. “I write to you today with deep concern, a heavy heart and a resolute promise,” Starbucks chairman and chief executive Howard Schultz said in a letter to employees posted on the company’s website. “We are living in an unprecedented time, […]
(Eagle News)– Calling its intensified infrastructure projects, “Build, Build, Build,” President Rodrigo Duterte’s infrastructure managers are embarking on a total of 64 big ticket projects ranging from major road networks, railway systems and bus rapid transit systems to airport and seaport modernization. The government aims to have the “golden age of infrastructure” under President Duterte, according to the Department of Finance. Another 15 ongoing projects are being implemented by the Department of Public Works […]
HONG KONG, China (AFP) — Most Asian markets rose again Friday following another positive lead from Wall Street, with Tokyo boosted by a plunging yen, although traders remain nervous about the outlook for global trade with Donald Trump in the White House. After one of the best weeks in January, gains were tempered with investors taking a breather as they keep an eye on developments in Washington where Trump is pushing on with his “America […]
(Eagle News) — The Philippine economy grew a solid 6.8 percent in 2016, surpassing even China, and considered one of the fastest rates in Asia last year. Data provided by the Philippine Statistics Authority showed that the Philippine economy was even faster that China (6.7 percent), and Vietnam (6.2 percent) reflecting the fastest Gross Domestic Product growth in Asia. Finance Secretary Carlos Dominguez III said that this proved that the economy is in “pretty good […]
SAN FRANCISCO, United States (AFP) — Twitter on Thursday added an “explore” tab aimed at making it easier to find interesting content, the latest move to boost engagement at the one-to-many messaging service. The feature, which was being added first to Twitter on Apple mobile devices and was promised for Android-powered smartphones in coming weeks, combines trends, Moments, search and live video highlights in a single spot, according to project designer Angela Lam. “Until today, […]
BELGIUM, Brussels (AFP) — The participation of the International Monetary Fund in the Greek bailout programme is “non-negotiable”, the head of eurozone finance ministers said on Thursday (January 26). Speaking at the end of a monthly meeting of eurozone finance ministers in Brussels, Jeroen Dijsselbloem said future bailout programmes for Greece may be carried out without the IMF, but for the current one, the participation of the IMF was “non-negotiable” because of the expertise of […]
