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Estrada lifts truck ban in Manila

MANILA, Philippines — Manila Mayor Joseph Ejercito Estrada on Saturday lifted the truck ban effective noon in Manila. In a televised press conference, Estrada said the lifting of the ban, contained in Executi‎ve Order No. 67, would be in effect “indefinitely”. He said this was to give way to the national government’s efforts to address the port congestion in Manila which was blamed for the heavy traffic in the metropolis. Estrada said he was just […]

Ford recalls older model Escape and Mercury Mariner hybrids

Ford recalls older model Escape and Mercury Mariner hybrids DETROIT Fri Sep 12, 2014 10:23am EDT 0 Comments inShare Share this Email Print The logo of a Ford Escape hybrid vehicle is shown at the Ford Motor Company assembly plant in Claycomo, Missouri. March 20, 2007. Credit: Reuters/Jason Reed (Reuters) – Ford Motor Co (F.N) is recalling about 74,000 older model Ford Escape and Mercury Mariner crossover vehicles because the electronic hybrid system may overheat, […]

Euro zone agrees fiscal policy, investment, reforms should compliment ECB loosening

(Reuters) – Euro zone finance ministers agreed on Friday that the looser monetary policy of the European Central Bank should be complemented with a mix of fiscal policy, investment and structural reforms, to boost economic growth. “We will continue to work on this policy mix in the coming months,” the chairman of euro zone finance ministers Jeroen Dijsselbloem told a news conference. They also agreed that cheap credit from the central bank, which now is […]

Pistorius convicted, but awaits sentence

(Reuters) – Olympic and Paralympic track star Oscar Pistorius was convicted of culpable homicide on Friday, escaping the more serious charge of murder for the killing of his girlfriend, and will now battle to avoid going to prison. The 27-year-old double amputee, who became one of the biggest names in world athletics, stood impassively in the dock, his hands folded in front of him, as Judge Thokozile Masipa delivered her verdict. Pistorius was also convicted […]

Ukraine’s leader sees no military solution of crisis, eyes reforms

(Reuters) – Ukraine’s president said on Friday there could be no military solution to his country’s crisis and said he hoped “a very fragile” ceasefire in the east would hold, allowing him to focus on rebuilding the shattered economy. Petro Poroshenko also said a new wave of European Union sanctions against Russia underlined Western solidarity with Kiev, and that the Ukrainian and EU parliaments could both ratify a deal on closer economic and political ties […]

Polls put Scottish unionists a nose ahead as vote approaches

(Reuters) – Supporters of keeping Scotland in the United Kingdom have clawed back a tiny lead over separatists less than a week before Scots vote in an independence referendum that is balanced on a knife edge, opinion surveys showed on Friday. A YouGov survey for The Times and Sun newspapers put Scottish support for the union at 52 percent versus support for independence at 48 percent, excluding those who said they did not know how […]

U.S. steps up sanctions on Russia over Ukraine

(Reuters) – The United States announced more sanctions against Russia on Friday, affecting oil and defense industries and further limiting the access of major Russian banks to U.S. debt and equity markets to punish Russia for its intervention in Ukraine. The sanctions, which for the first time targeted Russia’s Sberbank , were timed to coincide with new European Union economic penalties that included restrictions on financing for some Russian state-owned companies and asset freezes on […]

EU raises pressure on Moscow with tougher sanctions

(Reuters) – The European Union tightened sanctions on Russia on Friday over its role in the Ukrainian conflict, restricting access to financing for top Russian banks, defense and energy firms and freezing the assets of senior politicians and rebel leaders. The United States was set to follow suit with its own tougher sanctions later on Friday, heaping pressure on Russian President Vladimir Putin after Russia annexed Ukraine’s Crimea region and sent troops to back pro-Russian […]

President Aquino invites allies and “partners” to Malacanang event; VP Binay not invited

MANILA, Philippines  (ENS) — President Aquino hosted on Friday the Agenda-Setting with Dialogue Partners, which he described as a gathering of forces of reform. But Vice-President Jejomar Binay, who was recently accused by his former vice-mayor of receiving kickbacks from the city’s projects, was conspicuously absent in the event. President Aquino, in his speech, said that those who were invited to attend the meeting – cabinet members, lawmakers and from pro-government civil society groups — […]

Pistorius found guilty of culpable homicide

(Reuters) – Oscar Pistorius was convicted of culpable homicide on Friday, having escaped the more serious charge of murder for the killing of his girlfriend, and the Olympic and Paralympic track star could face a lengthy prison sentence. The 27-year-old double amputee, who became one of the biggest names in world athletics, stood impassively in the dock, his hands folded in front of him, as Judge Thokozila Masipa delivered her verdict. Pistorius was also cleared […]