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HONG KONG, China (AFP) — Markets sank Monday and the dollar rallied after Fed boss Jerome Powell warned of more interest rate hikes to fight inflation and poured cold water on the prospects of a cut in the new year. The hefty selling tracked a painful day on Wall Street, where all three main indexes tanked between three and four percent as investors contemplated an extended period of monetary tightening. In a much-anticipated speech […]
Paris, France (AFP) French carrier Air France has suspended two pilots after a heated disagreement in which “inappropriate gestures were exchanged” in the cockpit of a Geneva-Paris flight in June, the company said Monday. “Following an argument between the two pilots at the controls of an Airbus A320… inappropriate gestures were exchanged,” Air France said. “The pilots involved are currently suspended from flying and awaiting a managerial decision about how to deal with the […]
DTI okays salt price hike saying this was long overdue, assures public that supplies still sufficient (Eagle News) – The Philippine government said it would work on helping the local salt manufacturing industry since most of the country’s salt supplies were imported. “To date, the country has been importing 93% of its salt supply, an unfortunate circumstance to a country with 36,000 kilometers of shoreline,” the Department of Agriculture said in a release. The […]
Washington, United States (AFP) Police in the US city of Detroit on Sunday caught a suspect believed to have shot four people at “random”, killing three of them, authorities said. The Midwestern city’s police chief, James White, told media that the first three victims — two women and a man — were found shot multiple times in separate locations around Detroit in the early hours of the morning. A fourth man spotted the suspect peering […]
Tokyo, Japan (AFP) Japanese auto giant Honda and South Korean battery maker LG Energy Solution announced a joint venture Monday to invest $4.4 billion in a new US electric car battery plant. The move comes after California last week ruled that all new cars sold in America’s most populous state must be zero-emission from 2035, with other US states expected to follow suit. In a joint statement, the firms said they expected construction of the […]
by Lucie AUBOURG Agence France Presse UNITED STATES (AFP) — NASA’s most powerful rocket yet is set to blast off Monday on the maiden voyage of a mission to take humans back to the Moon, and eventually to Mars. Fifty years after the last Apollo mission, the space program called Artemis is to get under way with the blast off of the uncrewed 322-foot (98-meter) Space Launch System (SLS) rocket at 8:33 am (1233 […]
Hong Kong, China (AFP) An unarmed Hong Kong man who was shot by police during democracy protests three years ago was convicted on Monday of multiple charges — including trying to steal the firearm that struck him. Chow Pak-kwan, 23, was shot at point-blank range by a traffic officer outside a subway station in November 2019 when protesters had called a citywide strike. The shooting was captured on a live Facebook broadcast. It showed the […]
(Eagle News) — Twenty-seven volcanic earthquakes were monitored in Kanlaon in the last 24 hours. According to the Philippine Institute of Volcanology and Seismology, also detected were 153 tons/day as of August 24. PHIVOLCS said also detected were a moderate steam reaching 100 meters high. According to PHIVOLCS, entry into the four-kilometer radius Permanent Danger Zone should remain prohibited. Pilots were also advised against flying close to the volcano. Kanlaon is under an alert level […]
SAO PAULO, Brazil (AFP) — Sparks flew Sunday as far-right President Jair Bolsonaro accused leftist rival Luiz Inacio Lula da Silva of massive corruption — and drew accusations of “destroying Brazil” in return — as they faced off in their first election debate. The two front-runners, who waited until the last minute to confirm they would attend the first televised debate ahead of October’s elections, wasted no time in attacking each other. Bolsonaro called Lula […]
VIENNA, Austria (AFP) — International Atomic Energy Agency chief Rafael Grossi said Monday he was on his way to Ukraine’s Zaporizhzhia nuclear plant, which has been the target of strikes in recent weeks. “The day has come, IAEA’s Support and Assistance Mission to Zaporizhzhya is now on its way,” Grossi tweeted, saying the team from the UN atomic watchdog would arrive at Europe’s largest nuclear power plant “later this week”. In a photograph accompanying his […]
by Ashraf KHAN Agence France-Presse SUKKUR, Pakistan (AFP) — A huge relief operation was under way Monday and international aid began trickling in as Pakistan struggled to deal with monsoon flooding that has affected more than 33 million people. Officials said 1,061 people have died since June when the seasonal rains began, but the final toll could be higher as hundreds of villages in the mountainous north have been cut off by flood-swollen rivers washing […]
Gas prices to go up by P1.40 per liter; kerosene prices by P6.10 per liter (Eagle News) – Effective Tuesday, Aug. 30, another big oil price hike happens with diesel prices forecast to increase as much as P6.10 per liter. Gasoline prices are also forecast to go up between P1.20 to P1.40 per liter, according to various social media posts by petroleum companies. Kerosene prices will also go up by P6.10 per liter. -2nd […]
