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SAN FRANCISCO, United States (AFP) — Sony Interactive Entertainment announced Thursday that PlayStation 4 sales hit 40 million units, being snapped up at a record-setting pace. PS4 has dominated the market for the latest-generation consoles, with industry trackers pegging sales as being nearly double those of rival Microsoft Xbox One. “We are truly grateful for the enormous support from our fans and partners across the globe, which helped us achieve this significant milestone in such […]
PARIS, France (AFP) – French police said Thursday they had raided the French headquarters of McDonald’s and seized documents last week as part of an investigation into tax fraud. Agents of a special corruption, financial and tax crime unit searched the premises west of Paris on May 18, taking away company files, a police source said. French authorities suspect McDonald’s has been illegally lowering its tax bill by channelling French earnings to Luxembourg, where its European […]
HONG KONG, China (AFP) — Energy stocks jumped in Asia Thursday after oil surged past $50 a barrel for the first time this year, providing a bright point as regional bourses generally took a breather. Oil prices, which have been edging towards the psychological barrier as global supply disruptions mount, were buoyed by data showing a fall in US crude inventories that put another dent in a stubborn glut. Canada’s central bank also announced that […]
OSLO, Norway(AFP) — Food giants McDonald’s and Tesco have signed a “historic” agreement to not expand cod fishing into untouched parts of the Arctic, where the ice melt has sparked fears of a rush on unexploited areas, Greenpeace said Wednesday. “This is a historic agreement that brings together the main players in the cod fishing” in the Barents Sea and the Norwegian Sea, said Frida Bengtsson, a marine environment specialist at Greenpeace. “In the absence […]
TOKYO, Japan (AFP) — Tokyo shares opened sharply higher Thursday, building on the previous day’s gains driven by rising oil prices, with markets eyeing the start of a G7 leaders’ summit in Japan. The benchmark Nikkei 225 index at the Tokyo Stock Exchange rallied 1.02 percent, or 170.34 points, to 16,927.69 in opening deals, while the broader Topix index of all first-section shares climbed 0.96 percent, or 12.85 points, to 1,355.73. © 1994-2016 Agence France-Presse
WASHINGTON , United States(AFP) — Chinese technology titan Huawei said Tuesday it filed suit in the United States against Samsung, claiming its South Korean rival has infringed on patents on wireless connectivity for mobile devices. The lawsuit filed in federal court in California alleges that “Samsung and its affiliates have earned billions of dollars by selling (mobile) products that use Huawei’s technology.” Huawei said it was filing a similar lawsuit in China alleging infringement of […]
ANSBACH, Germany (AFP) — Adidas, the German maker of sportswear and equipment, announced Tuesday that it will start marketing its first series of sport-shoes manufactured by robots in Germany from 2017. More than 20 years after Adidas ceased production activities in Germany and moved them to Asiainstead, chief executive Herbert Hainer, unveiled to the press the group’s new prototype “Speedfactory” in Ansbach in southern Germany. The new state-of-the-art 4,600-square-meter plant is still being built, but […]
U.S. stocks powered higher on Tuesday as investors got comfortable with the possibility of an interest rate hike soon. Financial and tech stocks led the way. After the closing bell, Hewlett Packard Enterprise announcing it will spin off its enterprise services unit and merge it with CSC. HPE also reported quarterly revenue that was better than expectations. Toll Brothers’ stock surged after the homebuilder’s quarterly revenue rose nearly 31 percent. Best Buy shares dropping. The […]
NEW YORK , United States (AFP) — The Coca-Cola Company said Monday that it was forced to cut back production of its popular sodas in Venezuela due to the shortage of sugar in the politically riven country. Spokeswoman Kerry Tressler said the US company’s sugar suppliers “have informed us that they will temporarily cease operations due to a lack of raw materials.” That will impact the production of sugar-sweetened beverages like its mainstay Coca-Cola, Hit, […]
by Hiroshi Hiyama SENDAI, Japan (AFP) – Divisions over reigniting global growth were set to surface at the G7 in Japan Friday, with US Treasury Secretary Jacob Lew expected to stand firm over any action threatening a currency war. Two days of talks will see host Japan keen to win an endorsement for its position that fiscal stimulus is the way to kickstart the world economy, after a rally in the yen hit exporters and worsened a […]
PARIS, France (AFP) – Google said Thursday it feared for free speech if France succeeded in forcing it to apply the right to have information about a person removed from its search engines not just in France, but worldwide. Lodging an appeal against a 100,000-euro ($112,000) fine imposed by a French regulator, Google argued that French authorities should not have the right to decide beyond the country’s jurisdiction. France’s National Commission on Informatics and Liberty (CNIL) […]
PASAY City, Philippines — Tataas ang singil sa kuryente ng Manila Electric Company o Meralco sa susunod na buwan. Ayon sa Meralco, ito ay bunsod ng tinatawag na ancillary charge. Mahigit limang bilyong piso ang kokolektahin sa lahat ng mga consumer para ibayad sa mga back-up o reserbang planta. Katumbas ito ng P6.50 na dagdag na sisingilin sa mga taga-Luzon sa loob ng anim na buwan at dalawang taon sa mga residente ng Visayas at Mindanao. […]
