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MANILA, Philippines (Eagle News) — The Department of Trade and Industry (DTI) has announced that there will be certain adjustments in the prices of basic commodities such as milk, coffee and canned goods in the country in March. DTI undersecretary Teodoro Pascua said that the price adjustment was due to the devaluation of the Philippine peso against the US dollar. According to Pascua, the higher base prices of skimmed milk and tin plates may be partially attributed to […]
HONG KONG, China (AFP) — Asian markets surged Thursday, picking up the baton from record performances in New York and Europe where traders cheered upbeat United States economic data and Donald Trump’s conciliatory speech to Congress. The US president’s much-anticipated address on Tuesday, while lacking details, was broadly welcomed as he promised a trillion-dollar infrastructure splurge and tax cuts — music to bullish investors’ ears. Global equity markets have thundered along since Trump’s November election […]
WASHINGTON, United States (AFP) — A United States appellate court Wednesday overturned a $533-million patent verdict against Apple, saying the award was based on “routine computer activities” which cannot be patented. The decision comes two years after a federal court in Texas ordered Apple to pay the award to the little-known firm Smartflash LLC, which sued claiming the technology giant infringed on patents for flash memory technology used in the iTunes music store. Chief Judge Sharon […]
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 […]
QUEZON City, Philippines (Eagle News)- Maynilad and Manila Water Co., will increase their water rates in April. According to Metropolitan Waterworks and Sewerage System (MWSS) Chief Regulator Joey Yu, the increase is due to the foreign currency differential adjustment or FCDA. https://youtu.be/vHkGp53wTSw
HONG KONG, China (AFP) — Asian nations must spend $26 trillion by 2030 on infrastructure to battle poverty, boost economic growth and fight climate change, the Asian Development Bank warned on Tuesday. In its “Meeting Asia’s infrastructure needs” report, the lender said governments in some of the poorest countries in the world should invest in everything from transport, telecommunications, power and water and sanitation. It added that despite dramatic infrastructure growth in recent decades, more […]
SAN FRANCISCO, United States (AFP) — YouTube on Monday said that a billion hours of video is being watched daily at the Google-owned online viewing venue in “big milestone” for the service. “Let’s put that in perspective,” YouTube vice president of engineering Cristos Goodrow said in an online post announcing the achievement. “If you were to sit and watch a billion hours of YouTube, it would take you over 100,000 years,” he said. Online video […]
by Danny McCord Agence France-Presse HONGKONG, China (AFP) — Asian markets kicked the week off with losses Monday, with Tokyo hit by a stronger yen, as the global Trump rally shows signs of fragility before a key speech by the new president to Congress. A record 11th successive all-time high close for New York’s Dow was not enough to inspire investors who are growing worried that the recent buying — fuelled by expectations Donald Trump […]
TOKYO, Japan (AFP) — Tokyo stocks fell Monday morning as a stronger yen discouraged investors already cautious ahead of United States President Donald Trump’s policy speech to Congress. Markets are keen to see details of Trump’s spending plans as well as proposals for tax reform, with uncertainty over their timing and size of his plans weighing on the greenback in recent weeks. Trump will address a joint session of Congress on Tuesday. “We are not […]
BARCELONA, Spain (Reuters) — Samsung Electronics launched two new tablets on Sunday (February 26), marking its first major announcement since being forced to withdraw the flagship Galaxy Note 7 smartphone after some of the devices caught fire. The Galaxy Tab S3 and the Galaxy Book were presented at the Mobile World Congress in Barcelona, in past years the scene of major Samsung launches. This year, Samsung has postponed the presentation of the Galaxy S8, its […]
BARCELONA, Spain (AFP) — Chinese telecoms giant ZTE unveiled Sunday what it said is the world’s first smartphone compatible with the lightening-fast 5G mobile internet service that networks expect to have up and running by 2020. The company said the Gigabit Phone is the first smartphone capable of download speeds reaching up to 1 gigabit per second (Gbps) — up to 10 times faster than the first generation of 4G services widely in use today. […]
BARCELONA, Spain (AFP) — Finnish brand Nokia, a former mobile star, on Sunday launched three new Android smartphones and unveiled a revamped version of its iconic 3310 model more than a decade after it was phased out. Unlike the original, which was known for its sturdiness, the new Nokia 3310 will allow web browsing. The new version will bring back its predecessor’s popular “Snake” game and distinctive ringtones, said Arto Nummela, the head of Finnish […]
