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MANILA, Philippines (Eagle News) — Balak gamitin ng pamahalaan ang pondo mula sa malampaya upang pababain ang singil sa kuryente. Ayon sa Department of Energy (DOE), ito ay kung papayagan ng kongreso na magamit ang nasabing pondo. Ayon kay Energy Spokesman Felix Fuentebella, iniisa-isa nang pag-aralan ni Energy Secretary Alfonso Cusi ang mga posibleng paraan upang mapagaan ang pasanin ng mga konsyumer. Isa na rito ang pagsa-subsidise sa generation charge na siyang binabayarang utang ng […]
SAN FRANCISCO, United States (AFP) — Microsoft on Thursday said it is bolstering its Xbox arsenal with the purchase of a startup specializing in letting people join in the fun while watching live-streamed game play. Microsoft did not disclose financial terms of the deal to buy Seattle-based Beam, which puts an interactive spin on the hot trend of video games being spectator sports. “With Beam, you don’t just watch your favorite streamer play, you play […]
CAIRO, Egypt (AFP) – by Maram Mazen The International Monetary Fund said Thursday that it had reached an initial agreement to lend $12 billion to Egypt to bolster an economy battered by years of unrest. The Egyptian government hopes the three-year deal will provide a lifeline for the North African nation as it grapples with a dollar shortage and dwindling foreign reserves. The agreement, which will have to be ratified by the IMF and Egyptian authorities, […]
Singapore (AFP) — Oil prices fell for a third day in Asia trade Thursday after figures showing high US crude stockpiles and increased Saudi production. Official US data on Wednesday showed a jump in crude inventories, taking by surprise investors who expected a drawdown in supply, pushing prices of the commodity down by 3 percent overnight. While gasoline supplies and US domestic production have fallen, analysts warn that global production levels are far outstripping demand. […]
SINGAPORE, Singapore (AFP) — Singapore Telecom (Singtel) on Thursday reported a slight annual increase in its first quarter net profit, boosted by robust mobile data usage and strong contributions from its regional associates. Net profit growth in the three months to June however was weighed down by the absence of exceptional gains which had boosted earnings in the same period the year before, and a strong local dollar, Singtel said in a filing with the […]
QUITO, Ecuador (AFP) — Ecuador said Wednesday it will let Swedish officials interview Julian Assange at its embassy in London, where the WikiLeaks founder has been sheltering since June 2012. In a statement, the foreign ministry said a letter has been sent by the Ecuadoran government to set up a meeting with Swedish officials at Quito’s embassy in London. The meeting is to take place “in the coming weeks,” the statement said. Prosecutors in Sweden want […]
HELSINKI, Finland (AFP) — Is stripping down and getting sweaty with strangers your kind of thing? In Finland, despite an astounding two million private saunas, the hottest trend sweeping the sweat-tank loving country is public saunas.
SEOUL, South Korea (AFP) — The head of Volkswagen’s South Korean unit apologised Thursday as he presented himself to state prosecutors for questioning over the German carmaker’s emissions fraud scandal. Johannes Thammer, CEO of Volkswagen Korea, was summoned by the Seoul Central District Prosecutors’ Office a week after South Korea banned the sale of 80 Volkswagen AG models. “Fist of all, I want to say that I am sorry for the situation and we will […]
WASHINGTON, United States (AFP) – by Douglas Gillison The US economy saw robust job creation in July, largely surpassing analyst expectations, while the unemployment rate remained stable at 4.9 percent, the Labor Department reported Friday. The new numbers were also accompanied by upward revisions for the months of May and June in a sign that the job market in the world’s largest economy is healthier than previously thought. The strong figures also come in […]
NEW YORK, United States (AFP) — Jaguar Land Rover announced Thursday it is recalling more than 50,000 vehicles in the United States to fix defective Takata airbags. The British luxury carmaker, part of Indian giant Tata Motors, said it has begun sending recall notifications to owners of certain 2009-2011 Jaguar XF vehicles and 2007-2011 Land Rover Range Rover vehicles. Recalls have been ordered for about 54,000 vehicles in the first wave of recalls for a […]
LONDON, United Kingdom (AFP) – by Roland JACKSON The Bank of England on Thursday slashed interest rates to a record low 0.25 percent and announced a vast stimulus package to combat economic fallout from Britain’s looming EU exit. Policymakers voted unanimously to reduce rates by a quarter-point, the bank said in a statement after its latest meeting, cutting borrowing costs for the first time in more than seven years. The BoE also delivered a £170-billion […]
Tesla Motors Inc reported a steeper than expected quarterly loss on Wednesday (August 17) on higher spending at its vehicle and battery factories, even as the company said it planned to accelerate store openings around the world. The 13th straight quarterly loss for the Silicon Valley electric carmaker underscores the financial hurdles that hamper it while it takes on increasingly ambitious goals – a ten-fold ramp of vehicle production in three years and the recent […]
