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YANBU, Saudi Arabia (CCTV) — Cooperation between China and Saudi Arabia in the oil industry has become closer in recent years, expanding from exploration to the refinery sector, a progress that Amin H. Nasser, president of Saudi Aramco, attributes to China-proposed “Belt and Road” initiative, which fits in well with Saudi Vision 2030. A typical case that inks their closer ties is Yanbu Aramco Sinopec Refining Company or Yasref, a joint venture in which Saudi […]
MOSCOW, Russia (AFP) — Google on Monday agreed to pay a nearly $8 million fine and open its Android mobiles to competing search engines in Russia in an antitrust settlement reached after two years. The deal with Russia’s antimonopoly service (FAS) came after Yandex, the country’s biggest search engine, complained Google had an unfair advantage by pre-loading its search engine on Android phones. “We are pleased to announce that we have now reached a commercial […]
HONG KONG, China (AFP) — Asia stocks retreated Monday as tensions on the Korean peninsula weighed on sentiment, but data showing China’s GDP growth was higher than expected in the first quarter was a positive sign for the world’s second largest economy. Tensions between Pyongyang and Washington have soared in recent weeks as a series of North Korean weapons tests have wrought ever-more bellicose warnings from US President Donald Trump’s administration. During a visit to […]
BEIJING, China (AFP) — China’s economy grew 6.9 percent in the first quarter of 2017, government data showed Monday, beating expectations in the latest sign of stabilization in the world’s second-largest economy. The reading was better than the median analyst expectation of 6.8 percent in an AFP poll. “The national economy in the first quarter has maintained the momentum of steady and sound development,” the National Bureau of Statistics said in a statement. It added […]
SAN FRANCISCO, United States (AFP) — Apple has joined the list of companies with permits to test self-driving cars in California, according to an updated roster released on Friday by state officials. The iPhone maker has disclosed little about its ambitions when it comes to self-driving vehicles, with chief Tim Cook hinting at plans but the company declining to comment for news reports on long-idling rumors. Late last year, Apple revealed it is investing heavily […]
DOHA, Qatar –The Philippines and Qatar have signed trade agreements worth $200 million during the final leg of President Rodrigo Duterte’s Gulf tour, Manila’s trade and industry secretary told reporters in Doha Sunday. Ramon Lopez said 6,000 jobs would be created in the Philippines as a result of the 13 agreements signed between private companies at the weekend, which covered areas such as health, defense and tourism. “The private firms in Qatar have shown great […]
WASHINGTON, United States (AFP) — Tesla founder Elon Musk said Thursday the electric car startup is set to launch its first semi-truck in September, moving for the first time into that segment. Musk made the announcement in a tweet, offering few details about the plan, although he has spoken in the past about moving into the truck segment. “Tesla Semi truck unveil set for September. Team has done an amazing job. Seriously next level,” […]
TOKYO, Japan (AFP) — Tokyo shares opened lower Friday on rising geopolitical fears after the US military dropped a massive bomb in Afghanistan, adding to tensions over the Middle East and the Korean peninsula. Tokyo’s benchmark Nikkei 225 index fell 0.11 percent, or 19.66 points, to 18,407.18 in first minutes of trading, while the Topix index of all first-section issues lost 0.49 percent, or 7.18 points, at 1,461.13. © Agence France-Presse
LONDON, United Kingdom (AFP) — A steam train clocked 100 miles (161 kilometres) per hour on Britain’s mainline railway network for the first time in almost 50 years on Wednesday. Tornado, a Peppercorn-class A1 steam locomotive, reached the landmark speed during a test run aimed at proving it can operate passenger services at 90mph (145 kph). A steam locomotive has not hit 100mph in Britain since 1968, according to The Daily Telegraph newspaper. Built by […]
BEIJING,China (AFP) — Chinese exports surged 16.4 percent year-on-year to $180.6 billion in March, official data showed Thursday, in a sign of stabilisation for the world’s second largest economy. The world’s largest trader in goods, China’s performance affects partners from Australia to Zambia, which have been hit as its expansion has slowed to levels not seen in a quarter of a century. The figures mark a dramatic turnaround for the country, which saw exports drop […]
HONG KONG, China (AFP) — Shares in Hong Kong carrier Cathay Pacific were up Thursday, a day after the airline announced a management shakeup on the heels of its first loss in eight years. Last month the troubled airline posted its first annual net loss since 2008, citing intense competition as lower cost carriers, particularly from mainland China, eat into its market share. It reported a $74 million net loss for 2016 and warned that […]
QUEZON CITY, Philippines (Eagle News) — The Department of Labor and Employment (DOLE) has revealed the top 10 highest-paying jobs in the country. Labor Secretary Rosalinda Dimapilis-Baldoz on Thursday revealed the list citing the latest study of the Bureau of Local Employment (BLE). The top 10 highest-paying positions in the Philippines, according to this latest study are: The labor secretary advised job seekers to be equipped with updated labor market information. “Students and jobseekers may find […]
