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‘Any violent reaction?’: OVP submits to Congress’ wisdom, discretion on planned reallocation of CIFs

At a Glance The Office of the Vice President (OVP) will “submit to the wisdom and discretion of Congress” when it comes to the House of Representatives’ intention to reallocate confidential and intelligence funds (CIFs) in the proposed P5.768-trillion national budget for 2024. Vice President Sara Duterte (rightmost, bottom row, …

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PH, US-led allies set naval drills in Oct

THE Philippines and its allies, led by the United States, will hold naval exercises starting next week in Southern Luzon, the military said on Wednesday. Dubbed “Samasama,” the drills will run from Oct. 2-Oct. 13, 2023 at the Naval Forces Southern Luzon (NFSL) Area of Operations. Lt. Col. Enrico Ileto, …

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Interest rates will stay high

FRANKFURT: The head of the European Central Bank said on Monday that interest rates will stay high enough to restrict business activity for “as long as necessary” to beat back inflation. Still, she sympathized with homeowners who have seen their mortgage payments jump. Christine Lagarde said rates would stay high …

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U.S. government, 17 states sue Amazon for abusing monopoly power

The U.S. Federal Trade Commission filed a long-awaited antitrust lawsuit against Amazon.com on Tuesday, charging the online retailer with harming consumers through higher prices in the latest U.S. government legal action aimed at breaking Big Tech’s dominance of the internet.  Amazon.com accused by FTC of deceptive practices, favouritism and ‘unlawful …

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