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SAN FRANCISCO, United States (AFP) — Google’s newest mobile operating system will be called Nougat, continuing a tradition of naming Android software after sweet treats, the tech giant said Thursday. Google had invited people to send in suggestions at its annual developers conference in May, and revealed the winning Android name at a playful ceremony at its campus in the Silicon Valley city of Mountain View. Nutella was thought to be a favorite, but Nougat […]
SAN FRANCISCO, United States (AFP) — Apple is exploring the purchase of rival music streaming service Tidal, which is run by rap star Jay-Z, the Wall Street Journal reported Thursday. The paper said Apple is interested in using the company to beef-up its own year-old steaming service Apple Music. Talks between the companies are ongoing and might not result in a tie-up, the Journal said, citing unnamed people familiar with the matter. Executives at Tidal […]
Graphic showing how the Philippines fairs on major international rankings on business, economic freedom, competitiveness, corruption and gender gap. (AFP)
MANILA, Philippines (AFP) — Once-troubled flag-carrier Philippine Airlines (PAL) on Thursday announced a 560 percent jump in its “comprehensive income” for 2015, signalling a remarkable recovery after a huge loss in the fiscal year 2013. Low fuel prices and an increase in destinations and aircraft numbers boosted “comprehensive income” to $134.42 million for the period, the airline said in a statement. Comprehensive income refers to the airline’s net profit and other sources of income, a […]
SAN FRANCISCO, United States (AFP) – A Florida man who claims Apple made a killing with his iPhone idea is suing the technology giant seeking billions of dollars. A lawsuit filed in a federal court in Florida this week by Thomas Ross argued that Apple “hijacked and exploited” a design he came up with in 1992 for an “electronic reading device.” He is demanding damages of no less than $11 billion and another $10 billion […]
NEW YORK, United States (AFP) — Adidas doubled down on its business ties with rap star Kanye West on Wednesday, announcing a new line of footwear and accessories to be sold in dedicated shops. The Germany-based athletic wear giant said merchandise under the newly launched adidas + KANYE WEST label is an expansion of its existing YEEZY brand. “With adidas + KANYE WEST we are exploring new territories by opening up the sports world to […]
TOKYO, Japan (AFP) — Japanese industrial production dived in May for the first time in three months, official data showed Thursday, in a worrying sign for the already fragile economy. Factory output dropped 2.3 percent in May from a month earlier, much worse than the average 0.2 percent drop expected by economists, according to Bloomberg News. The weak figures come after Japan logged a trade deficit in May, its first since January, while retail sales […]
MANILA, June 30 — Local share prices rallied near 7,800-mark on Wednesday as it tracked the upbeat global markets days after the British exit ‘Brexit’ vote and ahead of Duterte administration. The barometer Philippine Stock Exchange (PSE) zoomed 131.84 points or 1.72 percent to 7,798.53 from previous day’s 7,666.69 finish. “The local bourse soared in tandem with global marts as expectation for more stimuli sent investors running for bargain issues,” said RCBC Securities Inc. in a […]
TOKYO, Japan (AFP) — The pound held steady Wednesday and demand for higher-yielding currencies picked up as traders considered a meeting of Japanese officials and the possibility of fresh stimulus to counter the impact of Britain’s EU exit. In Tokyo, sterling bought $1.3328 slightly down from $1.3340 in New York where it had made gains after plunging to a 31-year-low $1.3121 earlier in the week. Japanese Prime Minister Shinzo Abe, Bank of Japan Governor Haruhiko […]
SAN FRANCISCO, United States (AFP) — Online bulletin board Pinterest on Tuesday unveiled new features to facilitate shopping on the site, as the platform pushes to become an e-commerce hub. The new offerings announced at the company’s San Francisco headquarters include a virtual shopping bag that users can fill as they cruise bulletin boards. “When you’re ready to check out, everything you’ve added to your bag will be right there waiting for you,” Pinterest product […]
ZURICH, Switzerland (AFP) – Analysts on Tuesday praised Nestle’s choice for its new chief executive, healthcare executive Ulf Mark Schneider, as the food giant took a further step in its bid to become a leader in nutrition. Schneider, 50, will take over on January 1, replacing outgoing chief Paul Bulcke who has been nominated to become the company’s chairman. In tapping Schneider for the post, Nestle bucked its near century-long track-record of picking in-house candidates as chief executives. […]
LONDON, United Kingdom (AFP) by Julien MIVIELLE Holidays abroad are already more expensive and supermarket food prices will rise — Britons are feeling the pinch from Brexit, analysts say. Britain voted last week to quit the European Union, despite the government’s warnings of a potential recession and hefty price hikes for consumers. Since the shock vote outcome, perhaps the most dramatic fallout has been the collapse in the pound. The value of sterling has tumbled since […]
