Trump admin pushes nations to withdraw UN climate plan

Trump admin pushes nations to withdraw UN climate plan

UNITED NATIONS — The Trump administration is urging other nations to press a tiny Pacific island country to withdraw a United Nations draft resolution supporting strong action to prevent climate change, including reparations for damage caused by any nation that fails to take action. In guidance issued this week to all U.S. embassies and consulates abroad, the State Department said it “strongly objects” to the proposal being discussed by the U.N. General Assembly and that its adoption “could pose a major threat to U.S. industry.” “President Trump has delivered a very clear message: that the U.N. and many nations of the […]... Keep on reading: Trump admin pushes nations to withdraw UN climate plan

Stocks sluggish as AI disruption worries move to fore

Stocks sluggish as AI disruption worries move to fore

NEW YORK, United States — World stock indexes struggled for inspiration Friday as investors remained cautious after heavy selling of companies seen vulnerable to AI deployment and concerns about tech sector valuations more broadly. A lower-than-expected US consumer inflation reading, meanwhile, modestly improved the outlook for Federal Reserve interest rate cuts “as investors increasingly envision a trio of rate cuts by year-end,” said a note from Interactive Brokers economist Jose Torres. READ: US consumer inflation eases more than expected to lowest since May “But it’s been a bumpy ride for equities today, as bulls and bears wrestle with the tailwinds of […]... Keep on reading: Stocks sluggish as AI disruption worries move to fore

Costa Rica digs up mastodon, giant sloth bones in major find

Costa Rica digs up mastodon, giant sloth bones in major find

SAN JOSE, Costa Rica — Researchers in Costa Rica have unearthed fossils from a mastodon and a giant sloth that lived as many as 40,000 years ago, officials announced Friday, calling it the biggest such find here in decades. The National Museum said the bones were found by accident on private property in Cartago province of the Central American country, east of the capital San Jose. “Preliminary studies based on geological analysis of the terrain and the different layers of soil indicate the remains could be between 10,000 and 40,000 years old,” the museum said in a statement. READ: UP archaeologists […]... Keep on reading: Costa Rica digs up mastodon, giant sloth bones in major find

Moody’s, Fitch flag high Philippine debt, interest payments

Moody’s, Fitch flag high Philippine debt, interest payments

MANILA, Philippines — The Philippines’ stable growth outlook is keeping its investment-grade rating intact, but high debt levels and a persistent budget deficit continue to weigh on the fiscal consolidation path. In separate assessment reports, global debt watchers Moody’s Ratings and Fitch Ratings maintained their respective “Baa2” and “BBB” ratings on the Philippine government, both with […]... Keep on reading: Moody’s, Fitch flag high Philippine debt, interest payments

Flood control scandal: PH drops anew in world corruption rankings

Flood control scandal: PH drops anew in world corruption rankings

MANILA, Philippines — For the third straight year, the Philippines slumped in the global rankings that measure the prevalence of corruption, as the flood control corruption scandal laid bare by President Ferdinand Marcos Jr. last year is still largely a waiting game for an enraged public demanding accountability. Malacañang on Wednesday assured the public that […]... Keep on reading: Flood control scandal: PH drops anew in world corruption rankings

What to know about the Homeland Security shutdown starting this weekend

What to know about the Homeland Security shutdown starting this weekend

Another shutdown for parts of the federal government is expected this weekend as lawmakers debate new restrictions on President Donald Trump’s immigration enforcement agenda. Funding for the Department of Homeland Security is set to expire Saturday. Democrats say they won’t help approve more funding until new restrictions are placed on federal immigration operations after the fatal shooting of Alex Pretti and Renee Good in Minneapolis last month. The White House has been negotiating with the Democrats, but the two sides failed to reach a deal by the end of the week, guaranteeing that funding for the department will lapse. READ: Trump ends immigration crackdown in Minnesota Unlike the record 43-day shutdown last […]... Keep on reading: What to know about the Homeland Security shutdown starting this weekend

DMW, OWWA open seafarers’ aid center

DMW, OWWA open seafarers’ aid center

The Department of Migrant Workers (DMW) and the Overseas Workers Welfare Administration (Owwa) launched on Friday a welfare center in Parañaque City to provide government services and support programs for Filipino seafarers and their families. The Seafarers’ Welfare Center, located at Monarch Parksuites in Aseana Business Park, was inaugurated by Migrant Workers Secretary Hans Leo […]... Keep on reading: DMW, OWWA open seafarers’ aid center

Metro subway ahead of schedule – Marcos

Metro subway ahead of schedule – Marcos

President Ferdinand Marcos Jr. on Friday said the timetable for the Metro Manila Subway project is ahead of schedule, as he led the groundbreaking ceremony of its Kalayaan Avenue and Bonifacio Global City (BGC) stations in Taguig City. “I join with you in our optimism and excitement as we gather here for the groundbreaking of […]... Keep on reading: Metro subway ahead of schedule – Marcos