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Reuters — Treasury Secretary Jack Lew called it “an exciting moment” after it was announced on Wednesday (April 20) that anti-slavery crusader Harriet Tubman will become the first African-American on the face of U.S. paper currency. She will also be the first woman in more than a century to hold the honor when she replaces former President Andrew Jackson on the $20 bill. “I hope Americans take a step back and appreciate that we listened […]
By Caesar Vallejos Eagle News Service online correspondent (Eagle News) – Business leaders feel that the country’s economic growth will continue even after the May 2016 elections, no matter who the next president would be. “Even if we elect Vice Ganda for President on May 9, 6-7 percent economic growth will continue. So don’t be too anxious about the elections,” said distinguished Philippine economist, Dr. Bernardo Villegas, in a gathering of CEOs to launch the […]
TOKYO, Japan (AFP) — Panama has been “wrongly” labelled a tax haven, President Juan Carlos Varela said in an interview with a Japanese news agency, defending his country amid the global “Panama Papers” scandal. Panama is scrambling to avert redesignation as a tax haven that assists money laundering after the disclosure of the offshore dealings of many of the world’s wealthy, famous and infamous. They came to light when millions of documents covering nearly 40 […]
SINGAPORE (AFP) — Oil prices resumed their fall in Asia Wednesday after petroleum workers called off a strike in key OPEC producer Kuwait, quashing hopes the disruption could help ease a persistent supply glut. Curtailed production resulting from the three-day strike in OPEC’s fourth biggest member led prices to rise Tuesday, ending a four-day losing streak. But prices resumed their decline after the Kuwait Oil Workers Union on Wednesday ended their mass action and decided […]
ADDIS ABABA,Ethiopia(AFP) — Ethiopia, Africa’s second most populous country and one of its fastest growing economies, is pushing a new electronic payment service by phone — called M-Birr, or “mobile-money” — in a bid to bring millions into the banking system and financial services
by Glenn CHAPMAN SAN Francisco, United States (AFP) — Yahoo reported a quarterly loss on Tuesday as the struggling Internet pioneer continued to court potential buyers and examine other strategic options. Yahoo chief executive Marissa Mayer said the company has “made substantial progress toward potential strategic alternatives” while working to trim costs and drive growth. The company reported a net loss of $99 million in the first quarter, compared with a $21 million profit a […]
QUEZON City, Philippines – Transport groups threatened to ask for a fare hike if the Department of Energy is not able to stop the rise of oil prices in the local markets. The DOE said that it can only guarantee that there will be no abuse on the part of the oil companies due to the deregulation of oil prices in the country. (Eagle News Service Described by Jay Paul Carlos, Video Editing by Jericho […]
QUEZON City, Philippines – According to the Climate Change Commission, the government should review its energy policy in order to avoid dependence on coal-fired power plants and in the development of clean energy sources. (Eagle News Service Described by Jay Paul Carlos, Video Editing by Jericho Morales, Uploaded by MRFaith Bonalos) https://youtu.be/4XI0h2tusMM
(Reuters) Oil prices tumbled on Monday after a meeting by major producers in Qatar collapsed without an agreement to freeze output, leaving the credibility of the OPEC producer cartel in tatters and the world awash with unwanted fuel. Geopolitical tensions between Saudi Arabia and Iran were blamed for the failure, which revived industry fears that major government-controlled producers will increase their battle for market share by offering ever-steeper discounts. “OPEC’s credibility to coordinate output is […]
SINGAPORE, Singapore (AFP) — Oil prices plunged on Monday after the world’s top producers failed to reach an agreement on capping output and easing a global supply glut at a meeting in Doha. Hopes the world’s largest producer cartel, OPEC, and other major producers like Russia would agree to freeze output has helped scrape oil prices off the 13-year lows they touched in February. But crude tanked after top producer Saudi Arabia walked away from the […]
LE LOCLE, Switzerland (Reuters) – In two small Swiss towns, watchmakers are trying to strike a balance as delicate as the mechanisms in their precision-engineered watches – squeezing suppliers to cope with an industry crisis while preserving the skills that drove past successes. Every gesture is precise, calibrated. And requires patience and dexterity. In 150-year-old Swiss luxury watchmaking manufacture Zenith, 250 people work each day to invent, design, assemble, decorate tiny mechanisms, or movements, into […]
MAKATI CITY, Apr. 13 — The Department of Trade and Industry (DTI) is urging Micro Small and Medium Enterprises (MSMEs) to venture into e-commerce to expand market reach. The agency recently launched the Philippine e-commerce roadmap which targets to engage 100,000 MSMEs by 2020. “The Philippine E Commerce Roadmap engages people and organizations to collaborate for MSME development. We need to build capacity, attract investments in infrastructure, and institute policies to enable MSMEs to maximize […]
