Breaking News, Latest Philippines Headlines, World, Entertainment, Politics, Weather & Video News
by John BIERS Agence France Presse NEW YORK, United States (AFP) — Wall Street stocks plummeted Wednesday as worries about surging US interest rates and the impact of trade disputes prompted a broad-based selloff that slashed more than three percent from major indices. The rout in US shares came on the heels of substantial losses on European bourses, due in part to tensions between Brussels and Rome over Italian budget plans that have revived fears […]
by Cecil Morella Agence France Presse MANILA, Philippines (AFP) — It reads like a modern day take on ‘The Old Man and the Sea’ — five Filipino fishermen cast adrift for days on a makeshift raft after a huge marlin sinks their boat. The men were fishing in the South China Sea last week when a six-foot (1.8 metre) marlin punctured their boat’s wooden hull with its giant bill, vessel master Jimmy Batiller told AFP […]
WASHINGTON, United States (AFP) — US Treasury Secretary Steven Mnuchin warned China on Wednesday against engaging in competitive currency devaluations as the two countries wage a trade war, in comments published in the Financial Times. There are several factors behind the recent fall in the Chinese yuan, or renminbi (RMB), including economic issues in China, Mnuchin he told the newspaper ahead of meetings in Bali, Indonesia of the IMF, World Bank and G20. “As […]
by Brendan SMIALOWSKI / with Leila Macor in Miami Agence France Presse PANAMA CITY, United States (AFP) — Michael is now forecast to slam ashore on Florida’s Gulf Coast as a Category 4 hurricane, bringing a surge of up to 13 feet (four meters) in what could be the worst storm there in decades. As of late Tuesday, Michael was packing maximum sustained winds of nearly 125 miles per hour (205 kilometers) as it […]
HONG KONG, China (AFP) — Asian stocks began Wednesday mixed after a volatile session for US equities and as yields on Treasury bonds retreated from a seven-year peak. Japanese shares opened higher after four days of losses — with purchases making up for the higher yen’s dampening impact — before dropping back into negative territory in mid-morning trade. “After four days of falling… Japanese shares are in a good place for bargain-hunting buys, even though […]
by Douglas Gillison Agence France Presse WASHINGTON, United States (AFP) — A severe recession would slash US public wealth by about $5 trillion, causing vastly more damage to Washington’s finances than just an increase in debt and deficits, the IMF warned Tuesday. Yet governments around the world, many of which face similar dangers, do not clearly publicize their overall net worths, the International Monetary Fund said in a new report. This creates a potential blind […]
WASHINGTON, United States (AFP) — US President Donald Trump on Tuesday said that planning for his next summit with North Korean leader Kim Jong Un is advanced and that “three or four locations” have been short-listed. Trump said at the White House that the meeting would “probably” not be in Singapore, where their historic first talks took place in June. The pair discussed ending the reclusive state’s nuclear weapons program and hostilities between Washington and […]
by Brendan SMIALOWSKI / with Leila Macor in Miami Agence France Presse PANAMA CITY, United States (AFP) — Hurricane Michael intensified Tuesday as it barreled toward the Florida coast, becoming a category 3 major storm as the governor of the southern US state warned residents to prepare immediately for a “monstrous” hit. Michael was now packing winds of 120 miles per hour (195 kilometers per hour) as it aimed for the Florida panhandle, the finger-shaped […]
WASHINGTON, United States (AFP) — US Secretary of State Mike Pompeo on Monday called for a thorough and open probe by Washington’s ally Saudi Arabia into the disappearance of journalist and Riyadh critic Jamal Khashoggi. “We call on the government of Saudi Arabia to support a thorough investigation of Mr Khashoggi’s disappearance and to be transparent about the results of that investigation,” Pompeo said in a statement, after President Donald Trump voiced concern for Khashoggi, […]
TOKYO, Japan (AFP) — Japan’s military said Sunday one of its members was killed in a car crash in the Philippines during joint exercises with US and Filipino troops. Suguru Maehara, a 38-year-old sergeant of the Ground Self-Defense Forces, was involved in the accident on Tuesday last week, according to a GSDF spokesman who confirmed his death. “It is the first time a GSDF member has died during an overseas drill,” the spokesman told […]
By Alan Fram and Lisa Mascaro Associated Press WASHINGTON (AP) — The bitterly polarized U.S. Senate narrowly confirmed Brett Kavanaugh on Saturday to join the Supreme Court, delivering an election-season triumph to President Donald Trump that could swing the court rightward for a generation after a battle that rubbed raw the country’s cultural, gender and political divides. The near party-line vote was 50-48, capping a fight that seized the national conversation after claims emerged […]
The Commander of the U.S. Indo-Pacific Command (Indo-PACOM), Admiral Philip Davidson, visited the Philippines for the annual Mutual Defense Board and Security Engagement Board (MDB-SEB) on September 25 to 28, reinforcing the longstanding U. S.-Philippine alliance. The trip marks his first visit to the Philippines as Indo-PACOM commander. The annual MDB-SEB coordinates the framework for defense and security cooperation between the U.S. and Philippine militaries. While in the Philippines, Adm. Davidson met with Executive […]
