Breaking News, Latest Philippines Headlines, World, Entertainment, Politics, Weather & Video News
by Patrick GALEY Agence France-Presse PARIS, France (AFP) – The world’s nations are currently planning to produce more than double the amount of coal, oil and gas consistent with limiting global warming to 1.5 degrees Celsius, the United Nations said Wednesday. Ten days before a climate summit that is being billed as key to the viability of the Paris Agreement temperature goals, the UN’s Environment Programme said that government fossil fuel production plans this decade […]
by Michelle FITZPATRICK FRANKFURT AM MAIN, Germany (AFP) — German auto giant Volkswagen said Tuesday it was preparing to shutter most of its European plants, joining a slew of other carmakers as the coronavirus pandemic disrupts supply chains and sends demand plummeting. Production will be halted in Spain, Portugal and Slovakia and Italy before the end of this week,” CEO Herbert Diess said in a speech. “Most of the other German and European plants will […]
by Anuj Chopra with Omar Hasan in Dubai RIYADH, Saudi Arabia (AFP) — Saudi Aramco reported Sunday a 20.6 percent drop in 2019 net profit due to lower crude prices and production levels, in its first earnings announcement as a listed company amid an escalating price war. The world’s most valuable firm also announced it was slashing its capital expenditure for this year, as the price war with Russia and the spreading coronavirus pandemic rattle […]
BUENOS AIRES, Argentina (AFP) — German automaker Volkswagen on Friday announced a plan to invest $650 million in an Argentina plant where it will manufacture a new sport-utility vehicle, according to a statement released by the government. Business-friendly President Mauricio Macri, who ushered Argentina out of recession in 2016, has encouraged foreign investment especially after his center-right coalition’s wins in last month’s midterm elections. Production of the SUV is anticipated to begin in 2020. In a televised […]
PASAY CITY, Philippines (Eagle News) — Speaker Pantaleon Alvarez on Wednesday urged fellow lawmakers from other Association of Southeast Asian member-states to throw their support behind President Rodrigo Duterte’s campaign against illegal drugs. “I take this opportunity to urge you to do the same. With political will and cooperation, we will dismantle the massive illegal drug trade apparatus,” he said at the opening of the 13th meeting of the ASEAN Inter-Parliamentary Assembly Fact Finding Committee (AIFCOM) […]
by David Harding Agence France Presse DOHA, Qatar (AFP) — Energy-rich Qatar said Tuesday it plans to increase natural gas production by 30 percent over the next several years, as it faces pressure from its neighbors in a diplomatic crisis. State-owned Qatar Petroleum said it would go ahead with the output boost regardless of whether or not Saudi Arabia and its allies maintain a sweeping embargo they imposed last month. The company’s head, Saad Sherida […]
SAN FRANCISCO, United States (AFP) — Tesla on Wednesday announced plans to raise $1.15 billion in new funding to help fuel production of a mass market-targeted Model 3 electric car set for release this year. Tesla said that it planned to offer $250 million in common stock and $750 million in convertible notes, with underwriters being given the option to buy an additional 15 percent of each offering. Tesla co-founder and chief executive Elon Musk […]
