Other News

Falling oil prices, EU worries spook global stocks

(Reuters) – Asian share markets slipped while the euro hit a nine-year trough on Wednesday as collapsing oil prices and worries about the world economy drove skittish investors into the arms of safe havens such as the yen and sovereign debt. From Japan to Germany to Australia, government borrowing costs reached all-time lows as oil fell 10 percent in just two days and investors wrestled with the risk of global deflation. Data from the euro […]

Daimler’s self-driving concept car turns into mobile living room

The race for being the first car maker to offer true autonomous driving just hit the fast lane as Mercedes-Benz unveiled its futuristic F 015 concept at the annual Consumer Electronics Show in Las Vegas. Daimler Chief Executive Officer Dieter Zetsche, introduced the fuel-cell powered luxury car at the automaker’s keynote address on Monday evening (January 05). The car’s arrival on stage drew applause from the standing room only crowd as the doors of the […]

Doctor is shot and suspect kills himself in incident near army medical center in Texas

A doctor at the El Paso VA Health Care System was shot and a suspect apparently then took his own life on Tuesday (January 06, 2015) in an incident that led to a lockdown at the William Beaumont Army Medical Center in west Texas, the El Paso Times reported. The paper said the information was based on a preliminary investigation provided by officials. Base officials were not immediately available to comment. (Reuters)

Las Vegas is gadget central for annual CES tech convention

The 2015 International Consumer Electronics Show kicked off on Tuesday (January 06), turning the city of Las Vegas into the tech capitol of the world, at least for the next four days. There are a number of early trends and among those is the continued consumer fascination with bigger, lighter, thinner, and certainly more dramatic TV’s. South Korean electronics giant Samsung has been ahead of the curve and once again looks to be a leader […]

PH exports benefit from duty-free access to the European Union

MANILA, Jan. 7 — Philippine exports enjoy duty-free access into the European Union (EU) market last December 25, 2014 through the Union’s “tariff preferences under the special incentive arrangements for sustainable development and good governance”, more popularly known as the Generalized System of Preferences Plus (or GSP+). GSP+ privileges extend duty-free access to Philippine exports in 66 per cent of all product tariff lines, including fisheries products and garments. The grant of GSP+ privileges is […]

MRT, LRT fare hike means better services, new facilities, says Palace

MANILA, Jan 7 — The Palace has appealed for more patience from the public, saying the increase in MRT and LRT fares would mean better services and facilities. In a press briefing in Malacañang on Tuesday, Communications Secretary Herminio Coloma, Jr. laid out the projects to be carried out for the improvement of the MRT and LRT and their corresponding timetables. “Ipinapakita po natin ito upang ipaliwanag at ipaunawa sa ating mga mamamayan ang konteksto […]