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SEOUL, South Korea (AFP) — Samsung heir apparent J.Y. Lee took a major step towards control of the family-run conglomerate on Thursday, joining the board as the company reported a 30 percent profit plunge following a highly damaging recall crisis. The move is being seen as a coronation of sorts of the 48-year-old Lee, who is already vice chairman of Samsung Electronics and has seen his influence grow since his father, Samsung patriarch Lee Kun-hee, […]
by Ruth HOLMES LONDON, United Kingdom (AFP) — US billionaire philanthropist Bill Gates urged Britain on Wednesday to step up investment in science and research as it prepares to leave the EU. “The world needs innovative leadership now more than ever,” the Microsoft co-founder told the Grand Challenges conference in London attended by more than 1,000 scientists from around the world. “The complexity of our most urgent global problems — extreme poverty, the persistence and […]
by Sophie ESTIENNE with Rob Lever in Washington SAN FRANCISCO, United States (AFP) — Apple’s quarterly profit slumped on a widely expected drop in iPhone sales, but gains in services offered some optimism on the company’s efforts to curb dependence on its smartphone. The company said Tuesday that profit fell 19 percent to $9 billion in the fiscal quarter ending September 24. Revenue fell nine percent to $46.9 billion from $51.5 billion a year earlier. […]
AT&T Inc’s upcoming DirecTV Now online video service will cost $35 per month, including mobile streaming costs, and target viewers who shun pay-television subscriptions, Chief Executive Randall Stephenson said on Tuesday (October 25). The wireless company’s streaming video service, which launches late next month, will have more than 100 channels, Stephenson said at the WSJD Live conference in California. AT&T said on Saturday (October 22) that it would buy Time Warner Inc for $85.4 billion, […]
SEOUL, South Korea (AFP) — A South Korean law firm said Tuesday that it expected thousands more people to join a class action lawsuit seeking compensation from Samsung over its combusting Galaxy Note 7 smartphones. Seoul-based Harvest Law filed the initial suit on Monday on behalf of 527 Note 7 buyers — demanding 500,000 won (US$440) per plaintiff for time and effort lost during a chaotic recall process that turned into a PR nightmare for […]
TOKYO, Japan (AFP) — Japan’s Kyushu Railway skyrocketed 20 percent as the former state-owned firm made its Tokyo trading debut on Tuesday, after one of this year’s biggest initial public offerings. Shares in the firm, which raised 416 billion yen ($4.0 billion) this month, fetched 3,120 yen ($30) each, up 20 percent from their IPO price of 2,600 yen. The sale is the world’s third biggest this year after Postal Savings Bank of China’s $7.4 […]
QUEZON City, Philippines – With the upcoming increase in the price of oil, Engineer Bert Suansing sees fuel conservation scheme as the way to help drivers of the public utility vehicles to cope up with raising oil prices. Part of said fuel conservation scheme is the implementation of proper intervals between PUVs so that they can service the maximum number of passengers. https://youtu.be/1xoUZa4KR_8
TAIWAN (AFP) — Taiwan’s domestic appetite for pure honey is voracious and outstrips supply, which keeps prices high, but beekeepers say it is hard to fully capitalise on the demand as climate change and disease hamper expansion. https://youtu.be/_Li0p7RbPi0
SEOUL, South Korea (AFP) — The Apple iPhone 7 went on sale in South Korea on Friday, seeking to fill a void left by arch-rival Samsung on its home turf following a damaging recall fiasco over the Note 7 smartphone. The South Korean electronics giant discontinued the Note 7 — one of its key iPhone challengers — on October 11 following reports that replacements for combustible models were also catching fire. The decision is set […]
Italy (AFP) — “It is not a job. It’s a passion, a real sickness!” says Giovanni Sacchetto, hunting for white truffles with his dog Dora in the woods around Alba in the Piedmont region of northern Italy. And he’s not alone. The region is home to some 4,000 truffle-hunters, and even more dogs who have been trained to sniff them out. https://youtu.be/aA6Y0oNeyYg
Japan (AFP) — Carlos Ghosn, the head of Japan’s number two automaker Nissan, will become chairman of struggling Mitsubishi Motors, five months after throwing a lifeline to the scandal-hit firm https://youtu.be/BJx0VavPUtg
MANILA, Philippines (Eagle News) — Inanunsyo ng Bangko Sentral ng Pilipinas na pwede pa ring ipapalit ang mga lumang perang papel ng bansa hanggang sa Marso ng susunod na taon. Orihinal na itinakda ang petsa ng demonetization sa December 31, 2016. Ayon pa sa BSP, ang lahat ng lumang salaping papel ay iniimbentaryo. Hanggang nitong 2015, nasa mahigit pitungdaang milyong piraso ng lumang peso-bill ang nasa sirkulasyon pa na nagkakahalaga ng higit 184-billion pesos.
