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The first off-shore wind farm in the US is set to start generating power in November, exactly eight years after Barack Obama was elected pledging to fight climate change. It’s a symbolic milestone in the move towards clean energy which Hillary Clinton also supports, but if Donald Trump is elected the focus will be on fossil fuels. https://youtu.be/wXeIqPT6vao
By CRV EBC Correspondent The Asia CEO Awards, an alliance of local and international business organizations promoting the Philippines and the Southeast Asian region, recognized business achievers including the Expatriate of the Year in a glittery awards night at the Marriott Hotel Grand Ballroom, October 18. ADEC Innovations CEO James Donovan received the JLL Expatriate Executive of the Year Award with his significant contributions to global corporate sustainability initiatives. These includes the Zero Discharge of Hazardous […]
HONG KONG, China | AFP | — Asian markets climbed Tuesday as mixed readings on the US economy and comments from a top Federal Reserve official raised expectations that US interest rate rises would be gradual. The gains came despite a negative lead from New York and Europe where traders are awaiting key events this week, including Chinese growth data, the last presidential debate and a European Central Bank policy meeting. A below-par reading […]
by Glenn CHAPMAN SAN FRANCISCO, United States (AFP) — US on-demand television service Netflix on Monday posted earnings that alleviated concerns over growth, and said it was shifting tack in China due to a “challenging” regulatory environment. Netflix shares soared nearly 20 percent to $119.56 in after-market trades following the release of quarterly earnings figures. Revenues topped $2 billion for the first time — a 39 percent increase from the same period a year earlier […]
TEHRAN, Iran | AFP | Monday 10/17/2016 – 18:29 GMT+8 | 201 words Iran said Monday its oil production capacity will hit four million barrels per day by March after it was exempted from an informal agreement among OPEC members to lower output to boost prices. “Our production capacity was 3.8 million (bpd) after the first half of the year. We will take it to 4.03 million by the end of the year” in […]
QUEZON CITY, Philippines (Eagle News) — Filipino businessmen are expecting an increase in the trade between the Philippines and China with the upcoming visit of President Rodrigo Duterte to Beijing on October 18. Meanwhile, National Economic Development Authority (NEDA) Director-General Ernesto Pernia said that despite President Duterte’s anti-American rhetoric, there are still many foreign investors in the Philippines.
Shares of Samsung Electronics Co Ltd traded slightly higher on Friday (October 14) morning after the South Korean electronics giant said it expected to take a greater profit hit from the demise of its fire-prone Galaxy Note 7 smartphones. Samsung shares were up 0.8 percent as of 0008 GMT, versus the wider market’s 0.6 percent gain. Samsung said it expected to take a hit to its operating profit of about $3 billion over the next […]
by Hwang Sung-Hee SEOUL, South Korea (AFP) — Samsung on Friday said the crisis over its exploding Note 7 smartphones would cost another $3 billion-plus in lost profit over the next two quarters, but hoped expanded sales of its other flagship handset would help cushion the impact. The profit warning came two days after the South Korean electronics giant slashed its operating profit for the third quarter by $2.3 billion. After a recall problem with […]
By Caesar Vallejos EBC Correspondent “Energy efficiency should not be treated as a stop gap,” Alexander Ablaza, Philippine Energy Efficiency Alliance President said during the 1st Philippine Clean Energy Summit held at the Sofitel Philippine Plaza on October 13, 2016. Ablaza stressed the need to help the country meet its commitment to the Climate Change Paris Agreement, also known as COP21, by setting its roadmap to limit the effects of global warming to […]
HONG KONG, China (AFP) — Asian markets retreated Wednesday on fears about an expected US interest rate rise this year, while the pound recovered after suffering a series of losses fuelled by worries over Britain’s EU exit. Samsung Electronics suffered another bout of selling in the morning after announcing Tuesday it would scrap the troubled flagship Galaxy Note 7 over an exploding battery crisis. Shares later staged a partial recovery to end around […]
SAN FRANCISCO, United States (AFP) — Industry reports released on Tuesday showed that shipments of personal computers slid anew in the recently ended quarter as lifestyles continued to shift to smartphones and tablets. Worldwide PC shipments in the third quarter of this year totaled 68.9 million units in a 5.7 percent decline from the same period a year earlier, according to preliminary estimates by Gartner. International Data Corporation put the figure even lower in a Worldwide […]
SEOUL, South Korea (AFP) — The elder brother of South Korea’s Lotte Group chairman has filed a lawsuit against his younger sibling for alleged accounting fraud, his spokesman said Tuesday, reigniting a bitter family feud over a stake in the business empire. “We submitted a complaint to the prosecutors’ office on September 30,” Thomas Hong, spokesman for Shin Dong-Joo, former vice president of Lotte Holdings, told AFP. Hong said Shin accused Lotte chairman Shin Dong-Bin […]
