Breaking News, Latest Philippines Headlines, World, Entertainment, Politics, Weather & Video News
The Philippine economy grew by 6.5 percent in the three months to June, likely one of the fastest in Asia, the government said Thursday. “I am pleased to inform you that we remain as one of the best-performing economies in Asia,” Economic Planning Secretary Ernesto Pernia said in a speech to announce gross domestic product growth for the second quarter. “We are well on track to meeting our full-year target growth of 6.5-7.5 percent,” he […]
by Glenn Chapman with Rob Lever in Washington SAN FRANCISCO, United States (AFP) — Twitter shares were hammered Thursday after the company reported no gain in its user base in the past quarter, raising fresh fears about the future of the service as it loses more ground to Facebook. Twitter, which has been struggling to keep pace in the fast-moving world of social media, reported a net loss of $116 million in the second quarter, […]
by Allison JACKSON Agence France Presse BEIJING, China (AFP) — China’s economy lost momentum in the second quarter, a survey shows, as Beijing’s efforts to curb risky lending and investment took a toll on the Asian powerhouse. The world’s second-largest economy expanded by 6.8 percent in the April-June period, compared with a year ago, according to the median forecast of 12 analysts polled by AFP. That follows a better-than-expected increase of 6.9 percent in the […]
SYDNEY, Australia (AFP) — Australia marked a world-record 26 years without a recession Wednesday, as the economy grew 0.3 percent in the first-quarter, official data showed. The Australian Bureau of Statistics put the annual rate of growth at 1.7 percent, down from 2.4 percent in the previous three months. The soft quarterly reading was widely expected by analysts amid the impact of category four Cyclone Debbie on eastern Australia in late March, weaker trade figures […]
PARIS, France (AFP) — The more toddlers play with touchscreen devices the less they sleep, according to a study released Thursday that suggests the findings could be cause for concern. For every additional hour using a touchscreen phone or tablet during the day, children aged six months to three years slept nearly 16 minutes less in each 24 hour period, researchers reported in the journal Scientific Reports. But the study could not determine if the […]
TOKYO, Japan (AFP) — Japan’s economy expanded by a revised 0.3 percent in the last quarter of 2016, government data showed Wednesday, as company investment and a weaker yen propped up growth. The latest GDP figure was marginally higher than an initial estimate of 0.2 percent growth in the October-December period, but lower than market expectations for a 0.4 percent expansion. It marked the fourth straight quarter of expansion in the world’s third-largest economy. For […]
SYDNEY, Australia (AFP) — Australia’s economy rebounded strongly in the December quarter, growing by 1.1 percent to avoid a technical recession on the back of buoyant exports and consumer spending, data showed Wednesday. The stellar bounceback followed a shock contraction of 0.5 percent in the three months to September — the worst result in eight years. The latest Australian Bureau of Statistics data put the annual rate of growth at 2.4 percent, from 1.8 percent […]
by Glenn CHAPMAN SAN FRANCISCO, United States (AFP) — US on-demand television service Netflix on Monday posted earnings that alleviated concerns over growth, and said it was shifting tack in China due to a “challenging” regulatory environment. Netflix shares soared nearly 20 percent to $119.56 in after-market trades following the release of quarterly earnings figures. Revenues topped $2 billion for the first time — a 39 percent increase from the same period a year earlier […]
Eagle News — The world economic forum on ASEAN 2016 was held at the Malaysian capital, Kuala Lumpur. The theme of the meeting, which takes place from 1-2 June, is ‘shaping the ASEAN agenda for inclusion and growth’.
