NEW YORK , United States (AFP) — The Coca-Cola Company said Monday that it was forced to cut back production of its popular sodas in Venezuela due to the shortage of sugar in the politically riven country. Spokeswoman Kerry Tressler said the US company’s sugar suppliers “have informed us that they will temporarily cease operations due to a lack of raw materials.” That will impact the production of sugar-sweetened beverages like its mainstay Coca-Cola, Hit, […]
Business
Global growth tops agenda as G7 meeting kicks off in Japan
by Hiroshi Hiyama SENDAI, Japan (AFP) – Divisions over reigniting global growth were set to surface at the G7 in Japan Friday, with US Treasury Secretary Jacob Lew expected to stand firm over any action threatening a currency war. Two days of talks will see host Japan keen to win an endorsement for its position that fiscal stimulus is the way to kickstart the world economy, after a rally in the yen hit exporters and worsened a […]
Google invokes free speech in French fine appeal
PARIS, France (AFP) – Google said Thursday it feared for free speech if France succeeded in forcing it to apply the right to have information about a person removed from its search engines not just in France, but worldwide. Lodging an appeal against a 100,000-euro ($112,000) fine imposed by a French regulator, Google argued that French authorities should not have the right to decide beyond the country’s jurisdiction. France’s National Commission on Informatics and Liberty (CNIL) […]
Singil sa kuryente, muling tataas sa susunod na buwan
PASAY City, Philippines — Tataas ang singil sa kuryente ng Manila Electric Company o Meralco sa susunod na buwan. Ayon sa Meralco, ito ay bunsod ng tinatawag na ancillary charge. Mahigit limang bilyong piso ang kokolektahin sa lahat ng mga consumer para ibayad sa mga back-up o reserbang planta. Katumbas ito ng P6.50 na dagdag na sisingilin sa mga taga-Luzon sa loob ng anim na buwan at dalawang taon sa mga residente ng Visayas at Mindanao. […]
The filling station that makes its own fuel
LONDON (Eagle News) — A public hydrogen filling station opens in London that creates the gas on site from tap water and renewable energy. This hydrogen filling station is open to the public in London. It creates the gas on site from tap water and renewable energy — a first for the British capital. The station uses electricity generated from renewable sources such as wind power to split water into hydrogen and oxygen. The whole facility can […]
Ekonomiya dapat tutukan ng susunod na administrasyon – Consul General
MANILA, Philippines (Eagle News) — Kasabay ng nakatakdang pag-upo ni President Elect Rodrigo R. Duterte, nanawagan naman ang Consul General ng Malaysia sa Mindanao na si Abdullah Zawawi Tahir na kailangan tutukan ng mabuti ng administrasyon ni Duterte ang pagpapalago ng ekonomiya sa bansa. Naniniwala si Tahir na mahalaga ang “eco-zones” para mas maraming investors ang papasok sa bansa at kailangan ng mga ito ang imprastraktura para sa kanilang operasyon. Dagdag pa ng opisyal na […]
Oppenheimer blue diamond sells for record $57.5 million
GENEVA , Switzerland (AFP) — A dazzling blue diamond once owned by mining magnate Philip Oppenheimer etched a record $50.6 million (45 million euros) at auction in Geneva Wednesday, auction house Christie’s said. The 14.62-carat “Oppenheimer Blue” is the largest stone in the exceptionally rare Fancy Vivid Blue category ever to go under the hammer, according to Christie’s. The anonymous buyer will have to part with a total of $57.54 million, all fees and commissions […]
Suzuki denies cheating on fuel, emissions testing
TOKYO, Japan (AFP) — Suzuki on Wednesday admitted to finding “discrepancies” in its fuel-economy and emissions testing, but the firm denied deliberately manipulating data to make cars seem more efficient. The remarks from the Japanese small-car maker came in the wake of rival Mitsubishi Motors’ shock admission last month that it had cheated on fuel-efficiency tests for decades. On Wednesday, Mitsubishi said its president Tetsuro Aikawa would resign over the scandal, which has left […]
Nokia to make mobile, tablets comeback
HELSINKI, Finland (AFP) – by Anne Kauranen Nokia, once the world’s top mobile phone maker, on Wednesday announced its return to the fiercely competitive handsets and tablets market years after being crushed there by Samsung and Apple. Nokia, which is now a leading telecom equipment maker, said it would licence its brand to a new Finnish company which will produce phones and tablets under the Nokia name. The new company, HMD Global, “has been founded […]
Philippine economy seen slowing in first-quarter on weak exports – Reuters poll
The Philippine economy may have expanded at a slower pace in the first quarter from the previous three months, as strong consumer spending was offset by weak exports, a Reuters poll showed. GDP was seen expanding a seasonally adjusted 1.6 % (percent) in January to March — from the previous quarter —according to the median of the poll — slower than 2 percent growth in the last three months of 2015. The forecasts of six […]
Japan economy avoids recession with 0.4% growth in Q1
TOKYO, Japan (AFP) Wednesday 5/18/2016 — Japan sidestepped a feared recession in the first quarter, preliminary data showed Wednesday, but the weak growth reading underscored how Tokyo’s efforts to cement a firm recovery in the world’s number three economy have failed to gain traction. Gross domestic product expanded by 0.4 percent between January and March — or a 1.7 percent annualised rate — after a contraction in the last three months of 2015. But the slightly […]
Vodafone logs first earnings growth since 2008
LONDON, United Kingdom (AFP) – British telecoms giant Vodafone on Tuesday posted its first annual rise in operating profits in eight years, boosted by growth in Europe and emerging markets. Earnings before interest, tax, depreciation and amortisation (EBITDA) grew 2.7 percent to £11.6 billion ($16.7 billion, 14.7 billion euros) in the year to March, Vodafone said in a results statement. That was broadly in line with expectations of £11.7 billion, according to analysts polled by […]
