Breaking News, Latest Philippines Headlines, World, Entertainment, Politics, Weather & Video News
HONG KONG, Sept 22, 2023 (AFP) – Crypto investor Jenny first learned about digital assets at a Hong Kong store that promoted cryptocurrency exchange JPEX in March — but by September she was among more than 2,000 “inexperienced” victims police said the platform had defrauded. “Many of my classmates and friends went all in with our investments,” Jenny — not her real name — who lost “six figures” in Hong Kong dollars, told reporters. “We […]
PARIS, Sept 22, 2023 (AFP) – By the end of 2023, China will control half the world’s installed capacity of electrolysers for producing low-carbon hydrogen amid a slowdown in new projects due to inflation, according to an International Energy Agency report released Friday. “After a slow start, China has taken the lead on electrolyser deployment,” the IEA report on hydrogen said. China’s installed electrolyser capacity has jumped significantly in recent years, and is expected to […]
TOKYO, Sept 22, 2023 (AFP) – The Bank of Japan stuck to its ultra-loose monetary policy Friday, though officials face increasing pressure to turn more hawkish as the yen weakens and after fresh data showed inflation remained stubbornly high. While most other major central banks have pressed ahead with a campaign of interest rate hikes in a bid to tame prices, the BoJ has refused to shift from its long-term programme of sub-zero borrowing costs […]
NEW YORK, Sept 21, 2023 (AFP) – Rupert Murdoch will step down as chairman of his media empire, a conservative behemoth that helped shape politics around the world, and hand control to his son Lachlan, Fox Corp. and News Corp. announced Thursday. The Australian-born 92-year-old, who built a global entertainment and news juggernaut that shaped events from Brexit to the rise of Donald Trump, will shift into an emeritus status at both companies in mid-November, […]
MOSCOW, Sept 21, 2023 (AFP) – Russia’s government announced Thursday it was temporarily limiting exports of petrol and diesel fuel to avoid shortages on the domestic market. The exchange price of domestic petrol soared to a record high this week, in part due to a weaker ruble, rising global oil prices and repair work at refineries curbing supplies. The announcement comes weeks after Moscow decided to extend a voluntary cut of oil exports until the […]
GENEVA, Sept 19, 2023 (AFP) – China has appealed a World Trade Organization ruling faulting it over tariffs it has imposed on billions worth of US imports in retaliation for Washington’s steel and aluminium duties. The chair of WTO’s Dispute Settlement Body informed diplomats Tuesday that China had notified its decision to appeal a ruling last month by a panel of experts finding its extra tariffs violated international trade rules, a Geneva-based trade official said. […]
LOS ANGELES, Sept 16, 2023 (AFP) – The US state of California sued five of the world’s largest oil companies on Friday, alleging the firms caused billions of dollars in damages and misled the public by minimizing the risks from fossil fuels, The New York Times reported. It follows numerous other cases brought by US cities, counties and states against fossil fuel interests over the impact of climate change as well as alleged disinformation campaigns […]
WAYNE, United States, Sept 15, 2023 (AFP) – The US auto workers’ union launched a targeted strike at three factories just after midnight on Friday, ordering simultaneous stoppages at Detroit’s “Big Three” for the first time. The dramatic walkout — marked outside a Detroit-area Ford plant with rowdy honking and cheers at the arrival of the United Auto Workers’ leader — came after a last-minute push by General Motors, Ford and Stellantis failed to produce […]
Starbucks said Wednesday its former chief executive Howard Schultz will step down from the coffee chain’s board of directors “as part of a planned transition.” Schultz, who ended his third stint as CEO in March, helped transform the brand from a small coffee shop into an international chain over the decades. “I look forward to supporting this next generation of leaders to steward Starbucks into the future as a customer, supporter and advocate in my […]
By Kevin TRUBLET Natural disasters are now happening so frequently that reinsurers — the firms that sell insurance to insurance companies — are scaling back their exposure to such risks. While this may make business sense, it raises the question of whether individuals and businesses will be able to protect themselves against the effects of climate change if their insurance companies cannot even get coverage themselves. Just weeks after wildfires caused major damage in Hawaii […]
NEW YORK, Sept 11, 2023 (AFP) – RTX, parent company of aerospace manufacturer Pratt & Whitney, said Monday that its profit could take a hit of up to $3.5 billion over the removal of hundreds of engines powering Airbus A320neo jets as it conducts quality checks. The aviation and defense giant RTX, formerly known as Raytheon, added in a statement that about 600 to 700 engines will be removed for inspection over three years. The […]
STOCKHOLM, Sept 11, 2023 (AFP) – Several countries have blocked imports of Swedish pork after a recent outbreak of African swine fever in wild boars in the Scandinavian country, industry officials said Monday. Armenia, Australia, Japan, the Philippines, Singapore, Taiwan and Ukraine have halted Swedish pork imports even though the disease has only been detected in wild boars at this stage, the Swedish Meat Industry Association told AFP. “This meat poses no danger… I think […]
