Breaking News, Latest Philippines Headlines, World, Entertainment, Politics, Weather & Video News
HONG KONG, China (AFP) — Equity markets were mixed in Asian trade Tuesday as investors bide their time ahead of the release of key US jobs figures later in the week. While the Dow and the S&P 500 on Wall Street provided a positive lead, there were few catalysts to drive business, with Tokyo and mainland China’s bourses closed for holidays. Still, a top US Federal Reserve official provided some welcome comments as he reiterated […]
HONG KONG, China (AFP) — Asian markets mostly fell Monday following a soft lead from Wall Street, hit by profit-taking and lingering inflation worries. With bourses closed in Japan and China for holidays most of the week, traders were easing back from their recent buying frenzy while there are also concerns that the more than year-long rally may have gone a little too far. Investment giant Warren Buffett instilled some unease after saying at the […]
TOKYO, Japan (AFP) — Japan’s biggest airline ANA said Monday it aims to become carbon neutral by 2050 through new technology, emissions trading and other efforts. It comes after Prime Minister Yoshihide Suga announced last week that Japan would target a 46-percent cut in greenhouse gas emissions by 2030, significantly more than previously pledged. ANA Holdings said it “plans to reduce carbon emission levels from aircraft operations to net zero by 2050” by using more […]
LONDON, United Kingdom (AFP) — Britain’s annual inflation rate accelerated in March, official data showed Wednesday, stoking analyst fears of spiking prices when the nation emerges from the pandemic. The Consumer Prices Index rate advanced to 0.7 percent last month on rising prices for clothing and motor fuel, the Office for National Statistics said in a statement. That was slightly short of forecasts for a 0.8-percent increase, but a sizeable jump from the 0.4 percent […]
The head of Pfizer said Thursday the company’s Covid vaccine, among the priciest on the market, is no more expensive than the cost of a meal and will not be sold to poor countries for a profit. The head of the US-based company defended the cost of the jabs, which he said are saving lives and can help countries emerge from the pandemic. “Vaccines are very expensive,” Albert Bourla said in an interview […]
TOKYO, Japan (AFP) — Toshiba’s president Nobuaki Kurumatani has resigned, the firm announced Wednesday, as a buyout offer from a private equity fund reportedly stirs turmoil inside the Japanese company. The resignation came as reports said two other funds were considering their own offers for the Japanese household name, potentially setting up a bidding war. In a statement, Toshiba said the board had accepted Kurumatani’s resignation, without giving details on why he had asked […]
PARIS, France (AFP) — France’s government deficit will deepen and public debt rise after a lingering Covid crisis smashed hopes of a rapid economic rebound, Finance Minister Bruno Le Maire said on Sunday. The annual deficit, which has spiralled as President Emmanuel Macron’s government tries to prop up the struggling economy with massive spending, is now expected to reach nine percent of gross domestic product (GDP) in 2021, he told reporters. This compares to […]
RIYADH, Saudi Arabia (AFP) — Saudi Arabia announced plans Tuesday to pump $3.2 trillion in fresh investments by 2030 to boost the private sector, as the OPEC kingpin pushes to diversify its oil-reliant economy. The announcement by de facto ruler Crown Prince Mohammed bin Salman comes as the petro-state battles high unemployment and a coronavirus-triggered downturn. “The total investment injected… into the national economy is expected to reach 12 trillion riyals ($3.2 trillion) by 2030,” […]
HONG KONG, China (AFP) — The dollar broke through the 110 yen barrier Tuesday for the first time in a year as optimism about the global economic outlook and rising US bond yields see investors turn away from the safe haven Japanese unit. The greenback hit 110.18 yen in afternoon trade as investors grow increasingly confident that world growth will pick up pace this year thanks to huge stimulus spending, particularly by the United States. […]
In celebration of International Women’s Month, Globe myBusiness conducted a series of activities that honor, inspire and empower women entrepreneurs that include social activation promotions and learning sessions for SMEs. Globe myBusiness “celebrates the achievements of women-led SMEs, Filipina entrepreneurs, their visibility in the new future and taps inspirational SMEs that chose to innovate their business in spite of the uncertainties of 2020.” SMEs were invited to be creative and post on their social […]
by John BIERS NEW YORK, United States (AFP) — Oil prices surged Wednesday following the blockage of the Suez canal, while stocks were mixed as governments struggle to contain the latest wave of the coronavirus. Crude futures surged six percent as traders assessed the likely impact from the grounding of a giant container ship in one of the world’s busiest shipping routes. Dozens of ships were blocked by the Panama-flagged ship, but historic sections of […]
NEW YORK, United States (AFP) — Oil prices nosedived Tuesday on lower demand prospects as Europe’s biggest economy Germany said it would reimpose strict coronavirus containment measures as it struggles, along with other EU nations, to roll out vaccines. European stocks ended the day mostly lower, as did US stocks, as renewed fears of spreading Covid-19 overtook hopes of a swift reopening to the world’s largest economy. On currency markets, the Turkish lira stabilized a […]
