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Brent crude oil fell below $59 a barrel on Wednesday, near 5-1/2-year lows, as major oil producers signaled that they would maintain output despite a supply glut and faltering demand in Russia and Europe. Core Gulf OPEC members have said they are prepared to wait as long as a year for the market to stabilize, undercutting hopes they will step in to stem crude price losses. Oil prices have almost halved over the last six months as increasing volumes […]
Pakistan woke up to a day of mourning on Wednesday after Taliban militants killed 132 students at a school in the city of Peshawar in a grisly attack which shocked the nation and put pressure on the government to do more to tackle the insurgency. Pakistanis waited to see what their government – long accused of not being tough enough on the Islamists – and the army would do to stem spiraling violence in a nation […]
The New York premiere of “The Interview”, a Sony Pictures comedy about the assassination of North Korean President Kim Jong-Un, has been canceled and a source said one theater chain had scrapped plans to show it, after threats from a hacking group. The hackers, who said they were also responsible for seizing control of Sony Corp’s computer system last month, on Tuesday warned people to stay away from cinemas showing the film starring James Franco […]
The United States embassy in Manila has turned down a request from Philippine authorities to hand over a Marine accused of the killing of a transgender Filipino, a move that could spark anti-American protest in the former U.S. colony. The Marine, Joseph Scott Pemberton, who is being held at a U.S. facility at the main Philippine army base, was charged with the murder of Jeffrey Laude, who was found dead on Oct. 11 in a […]
(Reuters) – Fears of a full-blown crisis in Russia and oil’s continued slide pushed investors to seek safety on Wednesday, buying core bonds and selling stocks while the ruble failed to halt its prolonged tumble. With only days to go before the end of the trading year, investors were also looking ahead to the U.S. Federal Reserve’s final statement of 2014, due at 1900 GMT (02:00 p.m. EST). Analysts expect it to remove language pledging to wait a “considerable time” before […]
Water is gold. With increased population, consumption and climate change, multi-city alliances will be crucial in managing essential ecosystem services such as water provision. Rapidly-urbanizing landscapes in the CALABARZON region are confronted by challenges on flood and watershed management. In Laguna’s Santa Rosa Sub-watershed, groundwater studies show how rates of extraction will exceed rates for groundwater recharge by 2023. Many shallow wells in lakeside Laguna communities are reported to be depleted, polluted and unfit for […]
The international community has condemned the atrocious attack on a Pakistani school by militant Taliban that killed 145 people, mostly children, in Peshawar, Pakistan. More than 100 were also wounded in the incident. UNICEF earlier expressed outrage and condemned the attack through their twitter account. It sent its condolences to the families of the victims. UN Secretary General Ban Ki Moon also condemned the deadly Taliban attack as “an act of horror and rank cowardice.” The White House […]
Power rates will go up by as much as 4 centavos per kilowatthour next year. This was announced by Energy Regulatory Commission (ERC) Executive Director Saturnino Juan after the ERC approved the feed-in-tariff allowance or “fit-all” for renewable energy projects. The so-called fit-all is given to renewable energy players as incentive to invest in more expensive sectors. The renewable energy players are solar, wind, biomass and hydropower companies. Under the “fit-all” system, renewable energy companies […]
The arraignment of US Marine Private First Class Joseph Scott Pemberton could take place next year, although a warrant had already been issued for his arrest. According to Justice Undersecretary Jose Justiniano, the possibility of Pemberton being arraigned this year is very unlikely because of the ongoing inventory of cases in various courts before year-end. Because of this, even other court hearings are postponed. The courts, the Department of Foreign Affairs, and the United States embassy will […]
New Weather disturbance Seen Aldczar Aurelio of PAGASA reports
(Eagle News Service) — The senate is set to review the possibility of reviving death penalty in the country. In an interview with senate reporters, Senator Vicente Sotto III has again revived his call for the re-imposition of the death penalty in the country, following the exposed luxurious prison lifestyle of several convicted drug lords in the New Bilibid Prison (NBP). The senator, however, said that he will amend his bill that imposes death penalty […]
U.N. Secretary-General Ban Ki-moon condemned a deadly Taliban attack on a Pakistan school on Tuesday (December 16) as “an act of horror and rank cowardice to attack defenseless children while they learn.” “No cause can justify such brutality. No grievance can excuse such horror,” Ban said. “Getting an education is every child’s right. Going to school should not have to be an act of bravery.” At least 130 people, most of them children, were killed on Tuesday after Taliban gunmen broke into […]
