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by Damian WROCLAVSKY Agence France-Presse BRASILIA, Brazil -Brazil’s government fought Wednesday to save the country’s meat industry from getting burned in a corruption scandal that has prompted several countries to pull Brazilian beef and chicken from the menu. Agriculture Minister Blairo Maggi did not mince his words. “What we are suffering now is a blow, a punch to the stomach,” he told the Senate. “We have to recover, to reorganize our forces, to travel around […]
by Danny McCord Agence France Presse HONG KONG, China (AFP) — Asian markets tumbled Wednesday, tracking a US and European sell-off as the Trump-fuelled surge in equities went into reverse on doubts about his ability to fire up the economy. The dollar also struggled to recover against its major rivals and suffered fresh losses against high-yielding units as the euphoria of the US postelection period faded. After hitting multiple records this month, Wall Street’s main […]
LONDON, United Kingdom (AFP) — British annual inflation jumped in February to the highest level in almost three and a half years, driven by increasing fuel costs, data showed Tuesday. The 12-month inflation rate hit 2.3 percent last month compared with 1.8 percent in January, the Office for National Statistics (ONS) said in a statement. Analysts’ consensus forecast had been for a pick-up to 2.1 percent. The February reading was the highest level since September […]
NEW YORK, United States (AFP) — Nike reported solidly higher third-quarter earnings Tuesday, but warned a tough North American selling environment would crimp profit margins. The sports apparel and sneaker giant scored profits of $1.1 billion for the quarter ending February 28, up 20 percent from the year-ago period. Revenues came in at $8.43 billion, up five percent from the year-earlier period, but a bit below the $8.47 billion expected by analysts. Gross margins contracted […]
QUEZON City, Philippines (Eagle News) — Henry Sy once again topped the list of richest men in the Philippines based on the ranking released by Forbes Magazine. SM founder Sy has an estimated wealth of $12.7 billion and is the 94th richest in the world. This is the 10th consecutive time that Henry Sy topped the list.
LONDON, United Kingdom (Reuters) — A 59.60-carat diamond known as “The Pink Star” is returning to auction next month and could fetch a record $60 million, three years since it was sold for even more – only for the buyer to pull out of the deal. The diamond was presented by Sotheby’s in London ahead of the auction in Hong Kong on April 4. In November 2013, a Geneva auction of the stone fetched a […]
SA FRANCISCO, United States (AFP) — Samsung announced Monday that a voice-powered digital assistant named “Bixby” will debut with a flagship Galaxy S8 smartphone set to be unveiled by the South Korean consumer electronics giant. Bixby enters a crowded field of digital assistants powered by artificial intelligence that includes Apple’s Siri, Google Assistant, Microsoft Cortana and Amazon’s Alexa. Samsung said Bixby will focus on letting people control mobile apps with spoken directives. “Bixby will be […]
by Eugenia LOGIURATTO Agence France Presse BRASILIA, Brazil (AFP) — Brazil tried to reassure the world Sunday that its huge meat industry poses no threat — with President Michel Temer even inviting ambassadors to a steak dinner — despite allegations that corrupt exporters sold tainted products. Temer smiled as he invited diplomats to a traditional Brazilian meat restaurant called a churrascaria, saying “if you accept the invitation we will be very happy.” Nineteen of the […]
HANOVER, Germany (Reuters) — Japanese Prime Minister Shinzo Abe said on Sunday (March 19) that the European Union and Japan should soon reach an economic deal, and stressed the importance of free trade to his country. “We must conclude an economic partnership agreement between Japan and the EU at an early time,” Abe said at the opening of the CeBIT technology fair in Hanover, northern Germany. He also highlighted the importance of innovation, saying that […]
TOKYO, Japan (AFP) — Tokyo stocks eased Friday morning with focus turning to a weekend G20 finance ministers’ meeting, but Toshiba rebounded on reports the government may help fund the embattled firm’s turnaround. Automakers dragged the main indexes down with investors retreating to the sidelines ahead of a long holiday weekend in Japan. Markets are also awaiting news from the G20 gathering in Germany that brings together finance ministers from the world’s most powerful economies, […]
(Eagle News) — Tumaas ng 8.6 percent (%) ang overseas remittances nitong Enero, ayon sa datos ng Bangko Sentral ng Pilipinas. Sinabi ni BSP Governor Amando Tetangco, nasa sa 2.2 bilyong dolyar ang mga naipadalang pera ng mga Overseas Filipino Workers sa bansa. Nasa 1.8 bilyong dolyar naman ang remittances ng mga land-based worker. Pangunahing mga bansa na nagbigay ng remittance ay nagmula sa Estados Unidos, Saudi Arabia, United Arab Emirates, United Kingdom, Japan, Singapore, Hong Kong, Quatar, […]
SARAJEVO, Bosnia and Herzegovina (AFP) — The European Union on Thursday encouraged Western Balkan countries to create a common market which it estimated could create over 80,000 jobs in an area of high unemployment. “On a very short and medium-term perspective, this could allow.. more than 80,000 jobs in the region,” EU Enlargement Commissioner Johannes Hahn told reporters in Sarajevo. He spoke after a meeting of six Western Balkan countries’ prime ministers — Albania, Bosnia, […]
