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Eagle News — More households and business firms are urged to invest in solar technology which can create huge impacts in lowering electricity bills amid climate change. Naderev Saño, Executive Director of Greenpeace Southeast Asia, said cost of investment on solar panel for homes of a middle-class family with five members can reach at least Php 50,000. Saño said investment in solar technology, which has a lifespan of 25 to 30 years, can reduce electricity […]
by Benjamin CARLSON BEIJING, China (AFP) — China leads the world in connecting everyday devices to the internet, but is creating huge hacking vulnerabilities for itself and others by doing so, renegade American software pioneer John McAfee warned Tuesday. Hackers had already been able to gain control of devices such as safes and heating controls, and take over the computer systems of automobiles and aeroplanes, he said. “China is taking the lead in putting intelligence […]
by Glenda KWEK SYDNEY, Australia (AFP) — BHP Billiton on Tuesday reported an annual net loss of $6.39 billion, its worst-ever result, as the impact of a mine dam disaster in Brazil and weak commodity prices hit the world’s biggest miner. Mining firms have been battling big price declines in the commodities market, with the outlook uncertain despite a recent improvement in prices. The results for the year to June 30 followed a $1.91 billion […]
PASAY City, PHilippnes (Eagle News) — The Department of Public Works and Highways (DPWH) said Monday that NAIA expressway project is nearing completion and may be fully operational by December. Public Works and Highways Secretary Mark Villar said that by September, the Phase 2a project would be fully completed during a media tour to the site. Villar added that he was confident that the traffic situation at the domestic and international airport complex in Pasay City […]
(REUTERS) Global Ferronickel Holdings Inc , the Philippines’ second-largest nickel producer, said on Monday it may resume shipments of higher grade ores to China in the second half of 2016 when prices are anticipated to improve further. The company expects a “better performance” in the second half, after booking losses in the first half on lower volumes and prices, and pass an audit by the government, which has launched a crackdown on miners violating environmental […]
(Reuters) Volkswagen has won German regulatory approval for technical fixes on another 460,000 diesel cars with illicit emissions control software, it said on Sunday, raising the number of vehicles cleared for repair to over 5 million. Approval by Germany’s motor vehicle authority KBA is valid for countries throughout Europe where 8.5 million diesel cars are affected by Volkswagen’s emissions test-rigging scandal. About 11 million autos are implicated globally. In the United States, where VW’s manipulations […]
MANILA, Philippines (Eagle News) — Balak gamitin ng pamahalaan ang pondo mula sa malampaya upang pababain ang singil sa kuryente. Ayon sa Department of Energy (DOE), ito ay kung papayagan ng kongreso na magamit ang nasabing pondo. Ayon kay Energy Spokesman Felix Fuentebella, iniisa-isa nang pag-aralan ni Energy Secretary Alfonso Cusi ang mga posibleng paraan upang mapagaan ang pasanin ng mga konsyumer. Isa na rito ang pagsa-subsidise sa generation charge na siyang binabayarang utang ng […]
SAN FRANCISCO, United States (AFP) — Microsoft on Thursday said it is bolstering its Xbox arsenal with the purchase of a startup specializing in letting people join in the fun while watching live-streamed game play. Microsoft did not disclose financial terms of the deal to buy Seattle-based Beam, which puts an interactive spin on the hot trend of video games being spectator sports. “With Beam, you don’t just watch your favorite streamer play, you play […]
CAIRO, Egypt (AFP) – by Maram Mazen The International Monetary Fund said Thursday that it had reached an initial agreement to lend $12 billion to Egypt to bolster an economy battered by years of unrest. The Egyptian government hopes the three-year deal will provide a lifeline for the North African nation as it grapples with a dollar shortage and dwindling foreign reserves. The agreement, which will have to be ratified by the IMF and Egyptian authorities, […]
Singapore (AFP) — Oil prices fell for a third day in Asia trade Thursday after figures showing high US crude stockpiles and increased Saudi production. Official US data on Wednesday showed a jump in crude inventories, taking by surprise investors who expected a drawdown in supply, pushing prices of the commodity down by 3 percent overnight. While gasoline supplies and US domestic production have fallen, analysts warn that global production levels are far outstripping demand. […]
SINGAPORE, Singapore (AFP) — Singapore Telecom (Singtel) on Thursday reported a slight annual increase in its first quarter net profit, boosted by robust mobile data usage and strong contributions from its regional associates. Net profit growth in the three months to June however was weighed down by the absence of exceptional gains which had boosted earnings in the same period the year before, and a strong local dollar, Singtel said in a filing with the […]
QUITO, Ecuador (AFP) — Ecuador said Wednesday it will let Swedish officials interview Julian Assange at its embassy in London, where the WikiLeaks founder has been sheltering since June 2012. In a statement, the foreign ministry said a letter has been sent by the Ecuadoran government to set up a meeting with Swedish officials at Quito’s embassy in London. The meeting is to take place “in the coming weeks,” the statement said. Prosecutors in Sweden want […]
