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NEW YORK, United States (AFP) – PepsiCo said Monday it plans to buy SodaStream, an Israeli maker of carbonation products, for $3.2 billion as the beverage and snacks giant makes further inroads with in-home goods. The cash deal will see PepsiCo pay $144 per share for SodaStream’s outstanding stock, a 32 percent premium over its average price of the past 30 days. SodaStream offers consumers “the ability to make great-tasting beverages while reducing the amount […]
TOKYO, Japan (AFP)–Tokyo stocks closed lower on Monday as investors retreated to the sidelines to wait for the outcome of US-China trade talks later this week. The benchmark Nikkei 225 index fell 0.32 percent, or 71.38 points, to 22,199.00 while the broader Topix index was down 0.32 percent, or 5.38 points, at 1,692.15. “The market is caught between hopes and worries,” said Mutsumi Kagawa, chief global strategist at Rakuten Securities. “The hopes are about possible […]
(Eagle News) — Transport Network Vehicle Service drivers on Monday, Aug. 20, filed a P5-million lawsuit against PBA Party-list Rep. Jericho Nograles for their alleged losses resulting from the suspension of the P2-per-minute charges. It was the Land Transportation Franchising Regulatory Board that ordered the suspension of the policy, after Nograles claimed these were illegal charges. In July, the LTFRB also ordered Grab to pay P10 million in penalties for the charges from June 5, […]
(Eagle News) — The Civil Aviation Authority of the Philippines (CAAP) has launched an investigation into the incident that saw a Xiamen Air plane skidding off a Ninoy Aquino International Airport runway, resulting in flight cancellations for several days. According to CAAP spokesperson Eric Apolonio, Xiamen Airlines officials and the plane’s crew members will face the Aircraft Investigation and Inquiry Board, who will aim to determine the reason why flight number MF8667 overshot the 06/24 […]
(Eagle News) — The National Historical Commission of the Philippines (NHCP) inaugurated the first-ever Presidential car museum in Quezon City Memorial Circle on Sunday, August 19. The launching of the museum was led by Presidential Spokesperson Harry Roque, NHCP Chairman Rene Escalante, NHCP Acting Executive Director Ludovico Badoy and Quezon City Mayor Herbert Bautista. The inauguration of the museum coincided with the 104th birth anniversary of former President Manuel Quezon. Roque said that he was […]
(Eagle News) — The Palace on Monday, Aug. 20, defended the police’s arrest of three lawyers in a Makati bar raid for alleged obstruction of justice and intimidation. According to Presidential Spokesperson Harry Roque, a lawyer himself, lawyers Lenie Rocel Rocha, Jan Vincent Soliven, and Romulo Bernard Alarkon needed a refresher course in criminal law. In the first place, he said “lawyers have absolutely no involvement in an ongoing police investigation.” “Their role is when […]
(Eagle News) — Lakas-CMD may make an alliance with Davao Mayor Sara Duterte’s Hugpong ng Pagbabago. “If we have the chance, why not?” Lakas-CMD’s Prospero Pichay, Surigao representative, said. If this pushes through, Lakas-CMD, which was now-Speaker Gloria Macapagal-Arroyo’s party until she was sworn in as PDP-Laban member, would follow in the footsteps of the National Unity Party, the Nationalist People’s Coalition, and the Nacionalista Party. These three parties forged an alliance with the HNP last […]
(Eagle News) — Xiamen Airlines will pay the Manila International Airport Authority the amount representing damages resulting from the closure of a Ninoy Aquino International Airport runway last week after one of its planes overshot the runway. MIAA general manager Ed Monreal said the exact amount has yet to be determined. “Pinarating ko na po sa kanila ‘yun,” Monreal said. On Monday, Aug. 20, the airline’s chairman, Che Shanglun, apologized for Thursday’s incident, which led […]
(Eagle News) — The chair of the airline whose plane skidded off a Ninoy Aquino International Airport runway on Thursday, resulting in canceled and diverted flights, has apologized. Che Shanglun of Xiamen Airlines chair said in a statement three days after flight number MF8667 overshot the 06/24 runway that the company would “do its utmost to assist.” “At the same time, all flights from Xiamen Airlines to the Philippines will be carried out normally to provide […]
PARIS, France (AFP) – A fire in a residential building near Paris on Sunday left seven people with serious injuries including five children who were in a “life-threatening” condition, firefighters said. Some 16 people including 10 police officers and a firefighter were also slightly hurt in the blaze in Aubervilliers, northeast of Paris, which was later brought under control, the fire service said. In the same town less than a month ago, a fire in a […]
TEHRAN, Iran (AFP) — French energy giant Total has officially quit its multi-billion-dollar gas project in Iran, Oil Minister Bijan Namdar Zanganeh said on Monday, following the reimposition of US sanctions. “Total has officially left the agreement for the development of phase 11 of South Pars (gas field). It has been more than two months that it announced that it would leave the contract,” he told the ICANA news agency, which is linked to the […]
(Eagle News) — At least two senators disputed the claim of Communist Party of the Philippines founder Jose Maria Sison that President Rodrigo Duterte has gone into a coma. “He was in Davao Friday, eh ang saya-saya niya, galit na galit na naman dun sa mga corrupt. Paano namang nagkasakit ‘yun?” Senator Cynthia Villar told reporters. Senator Koko Pimentel agreed. “Why believe and report of someone hundreds of kilometers away in Europe?” he said. In […]
