ZURICH, Switzerland (AFP) – The top international banking supervisory authority on Tuesday said lenders should account for climate risks when managing their business, suggesting a list of 18 “principles” to guide banks and national supervisors. Banks should “consider the potential impacts of climate-related risk drivers on their individual business models and assess the financial materiality of these risks,” the Basel Committee on Banking Supervision said in a consultation document. The BCBS is charged with creating rules […]
Other News
India welcomes back tourists but smog shrouds Taj Mahal
by Laurence THOMANN Agence France-Presse AGRA, India (AFP) – Foreign tourists have been welcomed back to India after pandemic travel bans but intrepid travellers will have to brave the intense pollution season to visit the country’s most famous attraction. Around the palatial gardens of the Taj Mahal, air quality deteriorates each winter, enveloping the white marble mausoleum in a thick coat of hazardous smog. The problem is replicated across whole swathes of northern India, where […]
Nicaraguan president, wife banned from US
WASHINGTON, United States (AFP) — The United States on Tuesday imposed an entry ban on Nicaraguan President Daniel Ortega, his vice-president wife and his government, after elections that were internationally dismissed as illegitimate. Before the November 7 vote, Nicaraguan authorities detained nearly 40 opposition figures, including seven would-be presidential challengers, assuring victory for long-time ruler Ortega and his wife Rosario Murillo. “The repressive and abusive acts of the Ortega government and those who support it […]
900 kg of live lobsters seized in Hong Kong
HONG KONG, China (AFP) — Hong Kong customs officers seized nearly 900 kilograms of live lobsters on a speedboat on Monday night, as authorities step up a crackdown on the smuggling of Australian rock lobsters into mainland China. With relations between the two countries strained, China has restricted imports of several Australian products. Among them are lobsters, a sought-after delicacy in mainland China. Imports of Australian rock lobsters to Hong Kong — which has no […]
One dead in mudslides that cut off Vancouver from rest of Canada
by Michel COMTE OTTAWA, Canada (AFP) — Police said Tuesday at least one person has died in torrential rains that trapped motorists in mudslides, forced thousands to evacuate their homes and cut off Vancouver from the rest of Canada. Search and rescue teams recovered the body of a woman from a mudslide near Lillooet, 250 kilometers (155 miles) north of Vancouver, the Royal Canadian Mounted Police said. Staff Sergeant Janelle Shoihet added that investigators have […]
Russia admits destroying satellite with space missile strike
by Evan GERSHKOVICH MOSCOW, Russia (AFP) — Russia on Tuesday admitted to destroying one of its satellites during a missile test, but rejected US accusations that it had endangered the International Space Station. US officials on Monday accused Russia of a “dangerous and irresponsible” strike on a satellite that had created a cloud of debris and forced the ISS crew to take evasive action. The move reignited concerns about an escalating arms race in space, […]
Pfizer asks US to authorize Covid pill
WASHINGTON, United States (AFP) — US pharmaceutical company Pfizer on Tuesday asked regulators to authorize its Covid pill after it was shown to cut hospitalization or death by nearly 90 percent among newly-infected high risk patients. The move comes a few weeks after Merck also approached the Food and Drug Administration seeking a green light for its antiviral capsule against the coronavirus. Experts see the oral medications as an invaluable addition to vaccines in the […]
Biden celebrates $1 trillion fix for US infrastructure
by Mandel Ngan with Sebastian Smith in Washington NORTH WOODSTOCK, United States (AFP) — Joe Biden flew Tuesday to a creaky bridge in New Hampshire to tout his rare victory in passing a bipartisan infrastructure package, hoping the $1 trillion measure will also put his own presidency back on the road. Biden’s trip to the antiquated NH 175 bridge over the Pemigewasset River in North Woodstock kicked off a blitz by the White House to […]
New York to welcome back crowds to Times Square on New Year’s Eve
NEW YORK, United States (AFP) — New York City will allow crowds into Times Square on New Year’s Eve to ring in 2022, Mayor Bill de Blasio announced Tuesday, after the pandemic muted last year’s celebrations. Hundreds of thousands of revelers will be able to attend the traditional ball drop at midnight providing they can prove they are fully vaccinated against the coronavirus, de Blasio told reporters. Attendees who are unable to get vaccinated because […]
Sara Duterte calls for unity of pro-Duterte groups, explains her decision to run as VP
(Eagle News) – Vice-presidential aspirant Davao City mayor Sara Duterte-Carpio called for unity to support the programs and gained made by the administration of her father, President Rodrigo Duterte, as she explained her decision to run for vice-president. In a statement on Tuesday, Nov. 16, Mayor “Inday” Sara as she is more popularly called, also explained why her party decided to make an alliance with presidential aspirant Ferdinand “Bongbong” Marcos Jr. Mayor Sara also […]
PHL COVID-19 cases rise to 2,819,341
Only 849 additional cases reported due to ‘weekly dip of testing output,’ DOH says (Eagle News) — COVID-19 cases in the Philippines rose to 2,819,341, Department of Health data showed on Tuesday, Nov. 16. According to the DOH, this was after only 849 additional cases were added to the total “largely due to the weekly dip of testing output due to weekend encoding of positive cases to the COVID-19 Document Repository System.” “Last Sunday showed […]
PCG rescues four fishermen off Palawan waters
(Eagle News) — The Philippine Coast Guard rescued four fishermen from a half-submerged motorbanca in Palawan, the PCG said on Tuesday, Nov. 16. According to the PCG, the four had departed from Puerto Princesa City to conduct a fishing venture off Seven Lines when they lost the boat rudder and were hit by huge waves. The rescued individuals were ferried to Barangay Tagpait Wharf. Meanwhile, their relatives assisted in towing the motorbanca for needed repairs. […]





