Breaking News, Latest Philippines Headlines, World, Entertainment, Politics, Weather & Video News
HONG KONG, China (AFP) — Asian markets rose early Thursday as details were released of the China-US trade deal signed in Washington, with analysts saying it would allow investors to turn their focus to the global outlook and earnings season. After years of painstaking on-off talks between the economic superpowers, Donald Trump finally put pen to paper on an agreement that lowers tensions between the two and provides a major boost to the global outlook. […]
NEW YORK, United States (AFP) — Global stocks were range-bound on Tuesday while the yuan advanced against the dollar after Washington said it no longer considered China a currency manipulator and tensions eased between the economic titans. New York was also rattled by news reports on Tuesday that US President Donald Trump intended to keep most punitive US tariffs on Chinese imports until after the 2020 presidential election. US stocks finished lower, pulling back from […]
RIYADH, Saudi Arabia (AFP) — Saudi Oil Minister Prince Abdulaziz Ben Salman said Monday the kingdom has taken every step to secure its oil facilities and guarantee market stability amid rising regional tensions. The US drone strike that killed Iranian general Qassem Soleimani on January 3 has exacerbated fears of broader conflict in a region that has seen attacks on ships and Saudi oil facilities in the last year. “We have taken all the possible […]
by Beiyi SEOW BEIJING, China (AFP) — China said Thursday that Vice Premier Liu He will travel to Washington next week to sign the “phase one” deal with the United States that has lowered trade tensions between the world’s two biggest economies. The signing will cap a nearly two-year spat that threatened to throttle the global economy as the two countries exchanged tariffs on hundreds of billions of dollars worth of two-way trade. But US […]
by Heather SCOTT WASHINGTON, United States (AFP) — Recovery in a handful of countries will boost global growth slightly this year but the outlook is riddled with potential pitfalls that could derail this tepid upswing, the World Bank cautioned Wednesday. A renewal of trade tensions, which eased recently with announcement of an initial agreement between the United States and China, would erode the modest progress and could spread quickly beyond the two economic powers. In […]
by John BIERS Agence France Presse The latest tragic plane crash involving another Boeing aircraft adds to the travails facing the company after its 737 MAX was grounded nearly a year ago following two deadly crashes. Details were limited Wednesday about the crash of a Ukraine International Airlines plane, a Boeing 737-800, near Tehran that killed 176 people. Yet the latest bad news involving a Boeing plane weighed on company shares, which were down 1.3 […]
by Richard CARTER Agence France Presse HONG KONG, China (AFP) — The price of oil spiked Wednesday after Iran launched revenge attacks on US forces in Iraq, making good on its pledge to hit back over the killing of its top general. The main US contract rocketed by more than 4.5 percent as fears over supplies in the tinderbox Middle East sent prices soaring. The Pentagon said it was still “working on initial battle […]
TOKYO, Japan (AFP) — Japanese automaker Nissan on Tuesday slammed its former chief Carlos Ghosn for jumping bail, calling his escape “extremely regrettable” and vowing continued legal action to hold him accountable. Ghosn, who faced trial on financial misconduct charges that he denies, fled Japan on December 29 for Lebanon, in an elaborate and apparently carefully planned escape. His bail-jumping has prompted outrage from Japanese officials, but he insists that he would have been unable to […]
LAS Vegas, United States (AFP) — Hyundai announced Monday it would mass produce flying cars for Uber’s aerial ride share network set to deploy in 2023. The South Korean manufacturer said it would produce the four-passenger electric “vertical take-off and landing vehicles” at “automotive scale,” without offering details. The deal announced at the Consumer Electronics Show in Las Vegas could help Uber, which is working with other aircraft manufacturers, to achieve its goal of deploying air […]
LAS VEGAS, United States (AFP) — Amazon unveiled plans Monday to be a bigger player in the auto sector, announcing partnerships that will put its Fire TV platform in vehicles and offer more services through its Alexa digital assistant. In an announcement ahead of the Consumer Electronics Show in Las Vegas, Amazon said it would allow car owners without built-in Alexa to add the smart assistant to the vehicle through a phone application. The “Echo Auto” […]
NEW YORK, United States (AFP) — American Airlines on Monday became the latest carrier to reach an agreement with Boeing on compensation to cover the financial losses connected to the 737 MAX grounding, which caused thousands of flights to be cancelled. American described the deal as a “confidential agreement” and did not disclose the full amount involved, which covers the company’s 2019 financial damages. “American will continue its conversations with Boeing regarding compensation for damages related […]
HONG KONG, China (AFP) — Oil prices surged, gold hit a more than six-year high and equities tumbled Monday after the US assassination of a top Iranian general last week fanned fears of a major conflict in the Middle East. Donald Trump warned of a “major retaliation” against Tehran after it threatened revenge for the killing Friday of commander Qasem Soleimani, which shocked world markets and sparking a sell-off in stocks and a spike in crude. […]
