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WASHINGTON, United States (AFP) — The International Monetary Fund on Thursday approved the release of $251 million to Sri Lanka, the latest payment of a three-year loan that had been delayed amid differences over the scope and pace of reforms. The IMF approved the $1.5 billion loan in June 2016 following a balance of payments crisis in Sri Lanka. With this latest tranche it has released a total of $760 million. While noting the progress […]
TOKYO, Japan (AFP) — Japan posted an economic growth of 0.6 percent in the three months to September from the previous quarter, according to new data published Friday that showed the world’s third-largest economy expanding twice as fast as previously estimated. Robust capital spending boosted the new quarterly figure sharply higher than the preliminary 0.3 percent and beat market expectations that growth would be revised up only slightly. The data confirmed the economy grew for the […]
(Eagle News) — Davao Mayor Sara Duterte has cancelled local peace talks with the New People’s Army. This was after President Rodrigo Duterte signed a proclamation officially labeling the Communist Party of the Philippines-NPA as a terrorist group. Prior to this, Duterte signed Proclamation 360, formally terminating peace talks with the rebels. Duterte had said he was fed up with the group’s “depredatory acts,” including what he said was the killing of a four-month-old baby. […]
NEW YORK, United States (AFP) — Jahlil Okafor, restless without a real role for the Philadelphia 76ers, was traded to the Brooklyn Nets on Thursday in exchange for forward Trevor Booker, the Sixers said. Philadelphia also sent guard Nik Stauskas to Brooklyn along with 2019 second-round draft selection that originally belonged to the New York Knicks. Okafor, 21, was drafted third overall by Philadelphia in 2015. But he had fallen out of favor in a […]
MOSCOW, Russia (AFP) — Russian president Vladimir Putin is “deeply concerned” by Donald Trump’s decision to recognise Jerusalem as the Israeli capital, the Kremlin said in a statement Thursday. In a telephone conversation with Turkish President Recep Tayyip Erdogan, Putin called for the Palestinians and Israel to “hold back” and renew negotiations. “This kind of measure can block possible paths to peace in the Middle East,” the Kremlin said of US President Trump’s move. […]
by Veronique Dupont Agence France Presse LOS ANGELES, United States (AFP) — Replica Tuscan castles, minimalist mansions and country cottages in the rarefied Bel-Air neighborhood of Los Angeles could soon be reduced to ashes, their owners’ fame and wealth providing little immunity against California’s latest raging wildfires. “We’re evacuating the street you must leave!” a police officer barked into a bullhorn, amid the din of helicopters and airplanes dropping fire retardants. “The fire is at […]
LONDON, United Kingdom (AFP) — Bitcoin flirted with $17,000 on Thursday, triggering a warning the cryptocurrency was “like a charging train with no brakes” and prompting fresh concern about its looming launch on mainstream markets. Still under $14,000 in Asian trading hours, it smashed through $15,000 in European trading and then later surged to $16,777.08 around 1630 GMT, according to Bloomberg data. The rally came just a day after the virtual currency, which has been […]
by Joe Dyke with Majeda El-Batsh in Jerusalem Agence France Presse RAMALLAH, Palestinian Territories (AFP) — US President Donald Trump’s recognition of Jerusalem as Israel’s capital sparked Palestinian protests, sporadic clashes and a call for a new intifada on Thursday as fears grew of fresh bloodshed in the region. Trump’s announcement also prompted an almost universal diplomatic backlash, including warnings from Turkey, the European Union and Russia. And a senior Palestinian official said US Vice […]
“We have to go to the provinces,” he says (Eagle News) — President Rodrigo Duterte on Thursday called for a “dispersal” of development in the country, saying Metro Manila would be “dead” in 25 years. “Manila I think will be in about 25 years, will be a dead city. It will start to decay and there is no way that we can rehab the place..In other places, maybe Batangas or Cavite, mahihirapan tayo. So Manila […]
BUENOS AIRES, Argentina (AFP) — An Argentine judge on Thursday ordered the arrest of former president Cristina Kirchner for allegedly covering up Iranian involvement in a 1994 bombing at a Buenos Aires Jewish center that left 85 people dead, according to a judicial source. The order also removes the judicial immunity of Kirchner, who served as president from 2007-2015 and is now a senator. She has previously called the case an “absurdity.”
But I will fulfill my promise, he says (Eagle News) — President Rodrigo Duterte on Thursday admitted he was having a difficult time addressing the problem of corruption, but vowed to fulfill his promise to do something about it. “Even if I have to fire..It will go on and on until I get rid of the major players,” he said in a speech at the Kapampangan Food Festival held in the ASEAN Convention Center in […]
(Eagle News) — The Ombudsman has indicted several high-ranking officials during former President Gloria Macapagal-Arroyo’s term, and against Janet Lim Napoles in connection with the P900-million Malampaya fund scam. Napoles, former Agrarian Reform secretary and now Masui City, Lanao del Sur Mayor Nasser Pangandaman; and former Budget secretary and incumbent Camarines Sur Rep. Rolando Andaya Jr. were charged with 97 counts of violation of the Anti-Graft and Corrupt Practices Act and 97 counts of malversation of public funds […]
