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Moscow, Russia | AFP | The chief of Russian mercenary group Wagner has said in a clip posted Saturday that his forces are close to the centre of the frontline hotspot of Bakhmut. In a video posted on messaging app Telegram, Yevgeny Prigozhin is seen standing on a roof of a high-rise building in what is said to be Bakhmut. “This is the building of the town administration, this is the centre of the town,” Prigozin said […]
Pekín, China | AFP | Li Qiang, one of Chinese President Xi Jinping’s most trusted allies, was confirmed as premier on Saturday, as Xi cements his influence on the country’s top leadership. Li, the former Shanghai party chief who oversaw the city’s gruelling two-month lockdown last spring, was named the successor of outgoing premier Li Keqiang at a meeting of the country’s rubber-stamp parliament. The 63-year-old received nearly every vote from the more than 2,900 […]
Bangkok, Thailand Upon the invitation of Dr. Chutima Eamchotchawalit, Governor of the Thailand Institute of Scientific and Technological Research (TISTR), a composite team of the Philippine Embassy led by Ambassador Millicent Cruz Paredes visited the agency’s main headquarters called the Technopolis, and several research facilities within the TISTR complex in Pathum Thani, Thailand. The Embassy’s visit to TISTR was finalized after Dr. Chutima’s participation in the 2023 Propak Philippines on 31 January to […]
New York, United States | AFP | by Juliette MICHEL The surprisingly rapid implosion of Silicon Valley Bank has markets jittery over a potential sign of widespread turmoil, but analysts see only a limited risk of financial contagion. SVB’s woes are the result of “idiosyncratic stresses and not one that we see as systemic that would affect the banking industry,” said CFRA Research’s Ken Leon, saying stricter US regulations enacted after the 2008 financial crisis […]
US regulators pulled the plug on Silicon Valley Bank on Friday in a spectacular move that sent global banking shares sputtering, as markets fretted over possible contagion from America’s biggest banking failure since the 2008 financial crisis. US authorities swooped in and seized the assets of SVB, a key lender to US startups since the 1980s, after a run on deposits made it no longer tenable for the medium-sized bank to stay afloat on its own. […]
Dozens of evacuation orders were in place Friday as a powerful atmospheric river, known as a “Pineapple express,” surged into an already-sodden California, sparking warnings of widespread flash flooding. Up to nine inches (23 centimeters) of rain were expected in some parts of the state, with several feet of heavy, wet snow falling over mountains where a huge snowpack has built up over months of near-record storms. Forecasters said the Pineapple Express — so called […]
Geneva, Switzerland | AFP | by Robin MILLARD Tropical storm Freddy is on track to break the record as the longest-lasting cyclone of its kind, the United Nations said Friday, as the killer storm was set to hit Mozambique once again. “Freddy is continuing its incredible and dangerous journey,” Clare Nullis, spokeswoman for the UN’s World Meteorological Organization, told reporters in Geneva. Freddy has been a named tropical cyclone for 33 days since developing off […]
Maputo, Mozambique | AFP | Intense rains and winds started to lash parts of Mozambique on Saturday as Tropical Cyclone Freddy bore down on the country for the second time in as many weeks, authorities said. Freddy, which is on track to become the longest-lasting cyclone on record, slowed its advance towards the southern African nation and was 60 kilometres (40 miles) off the coast on Saturday morning, according to the Mozambique National Meteorology […]
(Eagle News)–The Philippine Coast Guard on Saturday, March 11, said it rescued five Japanese crew members from a vessel that tilted off Oriental Mindoro. The PCG identified those rescued from MV Catriona as: Itsuo Tamura, 86 Hiromu Nishida, 83 Hamagato Tsukasa, 80 Osamu Kawakami, 74 Hata Isamu, 74 The PCG said the rescue was made possible by a report from a transiting vessel. According to the PCG, its Command Center coordinated with the Coast Guard […]
Japan Disaster Relief team commits to help in oil spill response operations (Eagle News ) — The effect of the oil spill from the sinking of MT Princess Empress on February 28 is already being seen in Taytay, Palawan, the Philippine Coast Guard said. It said its personnel have begun cleaning operations in Barangay Casian, which is 159 nautical miles away from Naujan, Oriental Mindoro, where the tanker carrying 800,000 liters of oil sank. The […]
(Eagle News) — The northeast monsoon is affecting Luzon. The Philippine Atmospheric Geophysical and Astronomical Services Administration said Metro Manila, the rest of Luzon, and Western Visayas will have partly cloudy to cloudy skies with light rains as a result. Mindanao and the rest of Visayas will have partly cloudy to cloudy skies with isolated rain showers or thunderstorms. Flash floods or landslides during severe thunderstorms are possible. Meanwhile, PAGASA said Luzon and the eastern […]
Washington, United States | AFP | Shares in Silicon Valley Bank, a major lender to the tech industry, were halted Friday morning after a sharp sell-off in premarket trading. The move came as the world’s biggest banks took a stock market beating after trouble at SVB sparked concerns over the wider sector. SVB shares tumbled more than 60 percent on Thursday after the company warned it would need to raise additional funds to help […]
