BEIJING – China will start selling an initial batch of long-dated bonds this week, the Ministry of Finance announced on Monday, as Beijing looks to increase support for the world's second-largest economy. The central government will begin issuing some 30-year bonds on Friday as part of a planned sale of …
Read More »Microsoft, Amazon to invest in French tech
PARIS – Microsoft on Sunday announced 4 billion euros in investment for developing data centers in France, joining fellow US giant Amazon in committing to the country's tech infrastructure. The announcements came on the eve of the seventh Choose France Summit, the aim of which is to attract foreign investors …
Read More »Emirates posts record $5.1B annual profit
DUBAI – Dubai's Emirates Group announced annual profits of $5.1 billion on Monday, a rise of 71 percent, as the airline company set a new record for the second year in a row. Citing strong customer demand, it said group profits for the past two years hit $8.1 billion, surpassing …
Read More »‘Roaring Kitty’ returns, sending meme stocks like GameStop surging once again
The man at the centre of the pandemic meme stock craze appeared online for the first time in three years, sending the prices of the quirky and volatile shares sharply higher on Monday. AMC and BlackBerry among companies caught up in surge The man at the centre of the pandemic …
Read More »Luxury retailer Ted Baker begins store-closing liquidation sales
Clothing retailers Ted Baker, Brooks Brothers and Lucky Brand have started store-closing clearance sales, Ted Baker Canada announced Friday after the company began insolvency hearings late last month. Brooks Brothers, Lucky Brand also affected after insolvency hearings last month Clothing retailers Ted Baker, Brooks Brothers and Lucky Brand have started …
Read More »Billionaire businessman Arthur Irving dead at 93
Arthur Irving, the hard-charging New Brunswick billionaire who ran Canada’s largest oil refinery, has died at the age of 93. Second son of K.C. Irving ran Canada’s biggest oil refinery in Saint John Arthur Irving, the hard-charging New Brunswick billionaire who ran Canada's largest oil refinery, has died at the …
Read More »All hands on deck to enable ship of state to sail on an even keel
Updates on gross domestic product (GDP) growth, inflation and jobs released last week by the Philippine Statistics Authority (PSA) reflected the outcome of the efforts of the country’s economic managers to steer the ship of state on an even keel in the face of continuing challenges. First-quarter GDP grew 5.7 …
Read More »Is NATO still relevant?
The Philippines’ involvement with both the US and France demonstrates the need for flexible and adaptable security arrangements in negotiating tricky geopolitical realities and protecting national interest. Former US President Donald Trump’s recent remarks about the US commitment to stay as a member of the North Atlantic Treaty Organization (NATO) …
Read More »PCG vessel guards Escoda shoal from possible reclamation
ISLAND-BUILDING. Chinese vessels were monitored in Sabina (Escoda) shoal undertaking activities which the Philippine Coast Guard warned could be a prelude to island-building activities. Screengrab from GMA The Philippine Coast Guard (PCG) has deployed BRP Teresa Magbanua, one of its largest patrol vessels to keep a close eye on the …
Read More »DFA probes ‘illegal’ activities by diplomats
A Chinese diplomatic vehicle leaves the Department of Foreign Affairs in Manila on December 11, 2023. (AFP / Jam Sta. Rosa) MANILA, Philippines — The Department of Foreign Affairs (DFA) said on Monday it would investigate alleged illegal activities by foreign diplomats, following calls to probe China’s possible violation of …
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