Breaking News, Latest Philippines Headlines, World, Entertainment, Politics, Weather & Video News
LONDON, United Kingdom (AFP) – Britain, which faces soaring natural gas prices, has been forced to run coal-fired power stations in order to secure energy supplies, electricity generation company Drax said on Thursday. The country is particularly exposed to Europe’s ongoing energy crisis due to its reliance on natural gas to generate electricity. The price of European gas futures has more than doubled since May. “These facilities have fulfilled a critical role in keeping the […]
by Catherine Lai SINGAPORE, Singapore (AFP)Two fluffy white terriers wearing neckerchiefs pant quietly as their owner waves a treat and snaps a photo for the dogs’ tens of thousands of Instagram followers. They are among a growing number of pet influencers on social media in Singapore, a trend fuelled by a rise in online shopping and pet ownership during the coronavirus pandemic. Sasha and Piper make regular appearances on their “Lomodoggies” Instagram account, often wearing […]
by Claire LEE SEOUL, South Korea (AFP) — The jailed de facto leader of the giant Samsung group walked free on parole Friday, the latest instance of South Korea’s long tradition of freeing business leaders imprisoned for corruption or tax evasion on economic grounds. Lee Jae-yong — the 202nd richest person in the world according to Forbes, with a net worth of $11.4 billion — was serving a two-and-a-half year prison sentence for bribery, embezzlement […]
Growth in 2nd quarter fastest in more than three decades MANILA, Philippines (AFP) — The Philippine economy grew in the second quarter at its fastest pace in more than three decades, but an official warned Tuesday of “speed bumps” as coronavirus restrictions were tightened to combat surging infections. Gross domestic product expanded 11.8 percent on-year, the statistics agency said, after five straight quarters of contraction. The increase — the best since the last three […]
LONDON, United Kingdom (AFP) — Irish no-frills airline Ryanair unveiled plans Monday to hire more than 2,000 additional pilots as it navigates a recovery from the coronavirus pandemic. The pilots will fly Ryanair’s planned new fleet of Boeing 737 MAX aircraft, which are aimed at cutting costs, fuel consumption, noise and CO2 emissions, the Dublin-based carrier added in a statement. Ryanair had in May posted an annual net loss of 1.0 billion euros ($1.18 billion) […]
LONAVLA, India (AFP) — Indian start-up Mylab Discovery Solutions hopes that its inexpensive Covid-19 home test kit — the country’s first — will help the massive South Asian nation better track the pandemic’s spread among its 1.3-billion people. CoviSelf was launched earlier this month and is the first home testing kit to be approved in India, which is slowly emerging from a brutal second wave that overwhelmed its hospitals and crematoriums, with almost 30 million […]
BEIJING, China (AFP) — Chinese billionaire Jack Ma, founder of ecommerce giant Aibaba, is going to step down as president of the elite business school he founded after having been caught in a Beijing clampdown on tech titans, the Financial Times reported Monday. Ma, formerly one of China’s most flambouyant entrepreneurs, has largely disappeared from public view since Alibaba’s fintech arm was investigated and fined by regulators for alleged monopolistic practices. The Financial Times report […]
WASHINGTON, United States (AFP) — US businessman Warren Buffett on Wednesday joined the small circle of executives worth more than $100 billion, which also includes Jeff Bezos, Elon Musk, Bernard Arnault and Bill Gates, Forbes magazine reported. The share price of his company Berkshire Hathaway reached a record level Wednesday, pushing his fortune to $100.3 billion — the first time that his net worth has crossed the $100 billion threshold. Buffett, 90, known as the […]
LONDON, United Kingdom (AFP) — British Airways on Tuesday unveiled a partnership with US startup LanzaJet to produce jet fuel aimed at cutting carbon emissions from 2022. The announcement comes as the global aviation industry is looking to bounce back from a collapse in demand caused by the coronavirus pandemic grounding planes. “Despite the crisis in global aviation, it is vital for our future that we continue to address climate change and we remain focused […]
BEIJING, China (AFP) — China’s super wealthy have earned a record $1.5 trillion in 2020, more than the past five years combined, as e-commerce and gaming boomed during pandemic lockdowns, an annual rich list said Tuesday. An extra 257 people also joined the billionaires club in the world’s number-two economy by August, following two years of shrinking membership, according to the closely watched Hurun Report. The country now has a total of 878 billionaires. The […]
by Hiroshi HIYAMA / Kyoko HASEGAWA Agence France Presse TOKYO, Japan (AFP) — Trade on Tokyo’s stock markets, which are among the world’s biggest, was halted for the entire day Thursday after the system was hit by one of the worst glitches in its history. A “hardware failure” created problems with the delivery of market information, operator Japan Exchange Group (JPX) said in a statement. “TSE (Tokyo Stock Exchange) is currently planning to replace the […]
NEW YORK, United States (AFP) — Wall Street stocks resumed their downward slide Thursday, while the pound dropped further amid a fight between Britain and the European Union on Brexit legislation. After an early advance that built on Wednesday’s winning session, US stocks stumbled, finishing solidly lower. The pullback came as a trimmed-down US relief package failed to pass the Republican-led Senate. The $500 billion package marked a dramatic reduction from the $3 trillion bill […]
