MANILA, (APP/AFP): The Philippine economy expanded 7.0 percent in the second quarter, official data showed Thursday, but President Rodrigo Duterte’s new government said major changes were needed to fix one of Asia’s biggest rich-poor divides. The April-to-June period covered the final months of Benigno Aquino’s administration, capping six years of stellar growth that helped boost […]
International News
Philippines worried for poor despite strong growth
-
Turkish police raid businesses allegedly linked to Gulen
ISTANBUL, (APP/AFP) – Turkish police launched a vast operation Thursday targeting businesses suspected of financing US-based Muslim preacher Fethullah Gulen, accused by Ankara of masterminding last month’s attempted coup, media reported. Prosecutors issued arrest warrants for 187 suspects including CEOs as part of the operation in the country’s economic capital of Istanbul and other provinces, […]
-
European stocks climb at open
LONDON, (APP/AFP) – European stock markets rose at the start of trading on Thursday, with London’s benchmark FTSE 100 index rising 0.2 percent to 6,873.24 points. In the eurozone, Frankfurt’s DAX 30 won 0.7 percent to 10,613.08 points and the CAC 40 in Paris gained 0.5 percent to open at 4,441.20 compared with the close […]
-
UN chief for end to hostilities in Yemen as ground fighting, airstrikes escalate
UNITED NATIONS, (APP): Alarmed by escalating airstrikes and ground fighting in Yemen and along the Saudi Arabia-Yemen border, United Nations Secretary-General Ban Ki-moon once again called on all the parties to the conflict to immediately cease all hostilities and for the Yemeni parties to return to the recently-ended direct talks facilitated by his envoy. Civilians, […]
-
Firenadoes rage in California as blaze menaces 82,000
PHELAN, United States, (APP/AFP) – An inferno scorching swaths of southern California threatened the homes of more than 82,000 people Wednesday, sending flaming “firenadoes” tearing across the brush and prompting a state of emergency. More than 1,300 firefighters were battling the giant blaze, with more on the way, but they were unable to contain the […]
-
Tokyo shares slip as strong yen hits exporters
TOKYO, (APP/AFP) – Tokyo shares slipped Thursday morning as the yen surged on fading expectations of an imminent rate hike by the Federal Reserve, hitting exporters including Toyota and Nissan. The benchmark Nikkei 225 index fell 0.19 percent, or 31.03 points, to 16,714.61 by the break, while the broader Topix index of all first-section shares […]