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by Dan Martin Agence France-Presse Ren Zhengfei, the founder of Chinese telecoms behemoth Huawei, likens the company to a ruthless “wolf” tirelessly running down its prey, an ethos that could soon make it the apex predator of the smartphone world. Despite being essentially barred from the critical US market, Huawei surpassed Apple to become the world’s number two smartphone maker in the second quarter of this year and has market leader Samsung in its sights. […]
TOKYO, Japan (AFP) — Tokyo stocks opened flat on Monday with investors sitting on the sidelines as US-China trade war fears ramped up and the yen appreciated. The benchmark Nikkei 225 index inched up 0.03 percent, or 6.88 points, to 22,532.06 in early trade while the broader Topix index was up 0.02 percent, or 0.35 points, at 1,742.93. “Rallies on US and European markets on Friday could lead to buying in early trade but there […]
SINGAPORE (AFP) — Ride-hailing firm Grab said on Thursday it has raised $2 billion from investors to expand its offerings including electronic payments, food delivery and courier services as it fights fierce competition in the fast-growing sector. Around half of the funds came from Japanese car giant Toyota, which announced last month it was pumping $1 billion into Grab, Southeast Asia’s dominant ride-share company. Grab said a “significant portion” of the proceeds would go to […]
MADRID, Spain (AFP) — Spanish taxis late on Wednesday called off their days-long strike against online ride-hailing services like Uber after Madrid agreed to let regional governments regulate the sector. The strike began in Barcelona on Wednesday last week and spread to Madrid at the weekend as drivers demanded action against what they believed was poor enforcement of regulations on VTCs (tourism vehicles with chauffeur). On Monday, it spread even further to cities across […]
TOKYO, Japan (AFP)–Nintendo said Tuesday its quarterly net profit jumped 43.9 percent year-on-year to $275 million, driven by the global popularity of its Switch console and game titles. The Kyoto-based game giant reported net profit for the three months to June of 30.6 billion yen ($275 million), with operating profit soaring 88.4 percent to 30.5 billion yen. It said sales were up 9.1 percent to 168.16 billion yen, and it expects strong demand for the […]
(Eagle News) — Muling magpapatupad ng oil price hike ang mga kumpanya ng langis ngayong linggo. Ang nasabing dagdag singgil ay epektibo sa Martes, Hulyo 31. Ayon sa industry sources, aabot sa one peso (Php 1.00) hanggang one peso and fifty centavos (Php 1.50) ang dagdag sa presyo ng bawat litro ng gasolina. Maglalaro naman sa ninety centavos (Php 0.90) hanggang piso (Php 1.00) ang itataas ng kada litro ng diesel habang ang kerosene o […]
TOKYO, Japan (AFP) — Tokyo stocks opened lower on Monday in cautious trade ahead of the Bank of Japan’s two-day meeting, after US stocks closed down on lower-than-expected US growth data. The benchmark Nikkei 225 index was down 0.46 percent, or 105.45 points, at 22,607.30 in early trade, while the broader Topix index slipped 0.26 percent, or 4.59 points, to 1,771.17. “Investors are seen taking to the sidelines ahead of the Bank of Japan’s policy […]
WASHINGTON, United States (AFP) — Twitter shares took a pounding Friday as a warning of a shrinking user base overshadowed news of a third straight quarterly profit. Twitter said it posted a profit of $100 million in the second quarter, following a loss of $116 million a year earlier, as revenue rose 24 percent to $711 million. But the San Francisco-based firm said its base of monthly active users fell by one million from the […]
TOKYO, Japan (AFP) — Tokyo stocks opened slightly higher Friday on a weaker yen, while investors looked ahead to US GDP data expected later Friday and the Bank of Japan’s policy meeting next week. The benchmark Nikkei 225 index was up 0.26 percent or 59.61 points to 22,646.48 at the open, while the broader Topix index rose 0.27 percent or 4.74 points to 1,770.52. The dollar was trading at 111.16 yen, down from 111.24 yen […]
(Eagle News) — President Rodrigo Duterte on Monday, July 23, reiterated his hard stance against corruption, saying he would continue to go after corrupt government workers. “(Corruption) sucks the morale of the dedicated and honest government workers. Corruption destroys..it is the innocent who will suffer and bear its horrible consequences,” he said. He said while this was ongoing, the government also “continue(s) to enhance delivery of frontline services.” He thanked Congress for the passage of the […]
NEW YORK, United States (AFP) — Most Asian markets rose again on Friday following a record close on Wall Street as trade war fears are tempered by hopes China and the US will eventually reach a compromise, while attention turns to the start of earnings season. Equities have had a rollercoaster week, with strong US jobs figures providing initial support before Donald Trump’s threatened tariffs on another $200 billion of Chinese imports sent investors running […]
WASHINGTON, United States (AFP) — US pharmaceutical giant Johnson & Johnson was Thursday ordered to pay out $4.69 billion in damages in a lawsuit representing 22 women and their families who alleged a talc sold by the company contained asbestos and caused them to suffer cancer. It is the latest twist in a matter that has seen several thousand lawsuits filed against J&J. According to the victims’ lawyer, Mark Lanier, a jury composed of six […]
