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Global 2% rise in CO2 ‘giant leap backwards for humankind’

The carbon dioxide emissions that drive global warming, flat since 2014, are set to rise two percent this year, dashing hopes they had peaked, scientists reported at UN climate talksMonday. "This is very disappointing," said Corinne Le Quere, director of the Tyndall Centre for Climate Change Research at the University of East Anglia and lead author of a major study detailing the findings. "With global CO2 emissions from human activities estimated at 41 billion tonnes for 2017, time is running out on our ability to keep warming below two degrees Celsius (3.6 degrees Fahrenheit), let alone 1.5 C." The 196-nation Paris Agreement, adopted in 2015, calls for capping global warming at...Keep on reading: Global 2% rise in CO2 ‘giant leap backwards for humankind’.....»»

Category: newsSource: inquirer inquirerNov 13th, 2017

Scientists warn of ‘giant leap backward’ at climate talks

Carbon dioxide emissions are set to rise this year after a three-year pause, scientists said at UN climate talks Monday (Tuesday in Manila), warning that "time is running out", even as White House officials used the occasion to champion the fossil fuels that drive global warming. CO2 emissions, flat since 2014, were forecast to rise two percent in 2017, dashing hopes they had peaked, scientists reported at 12-day negotiations in the German city of Bonn ending Friday. "The news that emissions are rising after a three-year hiatus is a giant leap backward for humankind," said Amy Luers, a climate policy advisor to Barack Obama and executive director of Future Earth, which co-spons...Keep on reading: Scientists warn of ‘giant leap backward’ at climate talks.....»»

Category: newsSource:  inquirerRelated NewsNov 14th, 2017

Sitel ‘blood donation hero’

The Department of Health (DoH) and the Philippine Blood Center (PBC) honored global BPO giant Sitel Philippines with the Apolinario Mabini Award as a “Blood Donation Hero” for giving over 190 voluntary blood donations this year. “Blood donation is a service to Humankind, and by donating blood we help save precious lives,” shared Rashmi Singh, […].....»»

Category: newsSource:  tribuneRelated NewsFeb 16th, 2019

ZTE woes loom as trade tensions rise

WASHINGTON — With a major Chinese smartphone maker on the rocks following US sanctions, the trade spat between Washington and Beijing appears to be taking a turn for the worse for tech firms in the two global economic powerhouses. Chinese telecom giant ZTE said in the past week its major operations had “ceased” following last […] The post ZTE woes loom as trade tensions rise appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 13th, 2018

Alibaba says annual net profit up 47% in 2017/2018

Beijing — Chinese e-commerce giant Friday announced a massive 47 percent leap in net profit for the fiscal year 2017/2018, helped by a rise in smartphone and tablet transactions on its shopping platform. Profit climbed to 63.985 billion yuan ($10.2 billion), boosted by a 60 percent rise in revenue from its core business, the online […] The post Alibaba says annual net profit up 47% in 2017/2018 appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMay 4th, 2018

JG Summit’s 2017 profit jumps 169%

Gokongwei-led JG Summit Holdings grew its 2017 net profit by 169 percent to P29.37 billion from year-ago level, when its earnings were weighed down by impairment losses from its investment in telecommunication giant PLDT Inc. Excluding nonoperating and nonrecurring items, JG Summit's consolidated core net income last year hit P29.56 billion, relatively flat from the 2016 level, as the rise in fuel prices gnawed at the earnings of the airline business. This was offset by the double-digit income growth in the petrochemicals business and rise in equity earnings from associates particularly, United Industrial Corp. Ltd. of Singapore, Manila Electric Co. and Global Business Power Corp. ...Keep on reading: JG Summit’s 2017 profit jumps 169%.....»»

Category: newsSource:  inquirerRelated NewsApr 13th, 2018

PayPal bullish on PH as freelance work grows

Freelancing is on the rise in the Philippines and those making a living from contract-based work are optimistic about job opportunities, global electronics payments giant Paypal said on Tuesday. The country, Paypal officials said in a briefing, currently has around 1.5 million freelancers and has “among the largest number of freelance service providers relative to [...] The post PayPal bullish on PH as freelance work grows appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsMar 28th, 2018

As Olympics near, South Korea agonizes over post-Games costs

By Kim Tong-Hyung, Associated Press GANGNEUNG, South Korea (AP) — South Korean officials have ruled out turning a state-of-the-art Olympic skating arena into a giant seafood freezer. Other than that, not much is certain about the country's post-Winter Games plans for a host of expensive venues. As officials prepare for the games in and around the small mountain town of Pyeongchang, there are lingering worries over the huge financial burden facing one of the nation's poorest regions. Local officials hope that the Games will provide a badly needed economic boost by marking the area as a world-class tourist destination. But past experience shows that hosts who justified their Olympics with expectations of financial windfalls were often left deeply disappointed when the fanfare ended. This isn't lost on Gangwon province, which governs Pyeongchang and nearby Gangneung, a seaside city that will host Olympic skating and hockey events. Officials there are trying hard to persuade the national government to pay to maintain new stadiums that will have little use once the athletes leave. Seoul, however, is so far balking at the idea. The Olympics, which begin Feb. 9, will cost South Korea about 14 trillion won ($12.9 billion), much more than the 8 to 9 trillion won ($7 to 8 billion) the country projected as the overall cost when Pyeongchang won the bid in 2011. Worries over costs have cast a shadow over the games among residents long frustrated with what they say were decades of neglect in a region that doesn't have much going on other than domestic tourism and fisheries. "What good will a nicely managed global event really do for residents when we are struggling so much to make ends meet?" said Lee Do-sung, a Gangneung restaurant owner. "What will the games even leave? Maybe only debt." ___ TEARING THINGS DOWN The atmosphere was starkly different three decades ago when grand preparations for the 1988 Seoul Summer Games essentially shaped the capital into the modern metropolis it is today. A massive sports complex and huge public parks emerged alongside the city's Han River. Next came new highways, bridges and subway lines. Forests of high-rise buildings rose above the bulldozed ruins of old commercial districts and slums. The legacy of the country's second Olympics will be less clear. In a country that cares much less now about the recognition that large sporting events bring, it will potentially be remembered more for things dismantled than built. Pyeongchang's picturesque Olympic Stadium — a pentagonal 35,000-seat arena that sits in a county of 40,000 people — will only be used for the opening and closing ceremonies of the Olympics and Paralympics before workers tear it down. A scenic downhill course in nearby Jeongseon will also be demolished after the games to restore the area to its natural state. Fierce criticism by environmentalists over the venue being built on a pristine forest sacred to locals caused construction delays that nearly forced pre-Olympic test events to be postponed. Gangwon officials want the national government to share costs for rebuilding the forest, which could be as much as 102 billion won ($95 million). ___ NO FISH Despite more than a decade of planning, Gangwon remains unsure what to do with the Olympic facilities it will keep. Winter sports facilities are often harder to maintain than summer ones because of the higher costs for maintaining ice and snow and the usually smaller number of people they attract. That's especially true in South Korea, which doesn't have a strong winter sports culture. Not all ideas are welcome. Gangwon officials say they never seriously considered a proposal to convert the 8,000-seat Gangneung Oval, the Olympic speed skating venue, into a refrigerated warehouse for seafood. Officials were unwilling to have frozen fish as part of their Olympic legacy. Gangwon officials also dismissed a theme park developer's suggestion to make the stadium a gambling venue where people place bets on skating races, citing the country's strict laws and largely negative view of gambling. A plan to have the 10,000-capacity Gangneung Hockey Center host a corporate league hockey team fell apart. Even worse off are Pyeongchang's bobsleigh track, ski jump hill and the biathlon and cross-country skiing venues, which were built for sports South Koreans are largely uninterested in. After its final inspection visit in August, the International Olympic Committee warned Pyeongchang's organizers that they risked creating white elephants from Olympic venues, though it didn't offer specific suggestions for what to do differently. Cautionary tales come from Athens, which was left with a slew of abandoned stadiums after the 2004 Summer Games that some say contributed to Greece's financial meltdown and Nagano, the Japanese town that never got the tourism bump it expected after spending an estimated $10.5 billion for the 1998 Winter Games. Some Olympic venues have proved to be too costly to maintain. The $100 million luge and bobsled track built in Turin for the 2006 games was later dismantled because of high operating costs. Pyeongchang will be only the second Olympic host to dismantle its ceremonial Olympic Stadium immediately after the games — the 1992 Winter Olympics host Albertville did so as well. ___ 'MONEY-DRINKING HIPPOS' Gangwon has demanded that the national government in Seoul pay for maintaining at least four Olympic facilities after the Games — the speed skating arena, hockey center, bobsleigh track and ski jump hill. This would save the province about 6 billion won ($5.5 million) a year, according to Park Cheol-sin, a Gangwon official. But the national government says doing so would be unfair to other South Korean cities that struggled financially after hosting large sports events. Incheon, the indebted 2014 Asian Games host, has a slew of unused stadiums now mocked as "money-drinking hippos." It would also be a hard sell to taxpayers outside of Gangwon, said Lee Jae-soon, an official from the Ministry of Culture, Sports and Tourism. Unlike the 1988 Olympics and the 2002 World Cup, which were brought to South Korea after bids driven by the national government, the provincial government led the bid for the Pyeongchang games and it did so without any commitment from Seoul over footing the bill. Under current plans, Gangwon will be managing at least six Olympic facilities after the games. These facilities will create a 9.2 billion won ($8.5 million) deficit for the province every year, a sizable burden for a quickly-aging region that had the lowest income level among South Korean provinces in 2013, according to the Korea Industrial Strategy Institute, which was commissioned by Gangwon to analyze costs. Hong Jin-won, a Gangneung resident and activist who has been monitoring Olympic preparations for years, said the real deficit could be even bigger. The institute's calculation is based on assumptions that each facility would generate at least moderate levels of income, which Hong says is no sure thing. He said that could mean welfare spending gets slashed to help make up the lack of money. South Korea, a rapidly-aging country with a worsening job market and widening rich-poor gap, has by far the highest elderly poverty rate among rich nations, according to Organization for Economic Cooperation and Development figures. If Seoul doesn't pay for the Olympic facilities, and Gangwon can't turn them into cultural or leisure facilities, it might make more sense for Gangwon to just tear them down. Park said the national government must step up because the "Olympics are a national event, not a Gangwon event.".....»»

Category: sportsSource:  abscbnRelated NewsDec 15th, 2017

Rise of anti-elitism: Slowbalisation vs globalisation

There are two very different global phenomenon that are seemingly very different from each other; but, are actually linked......»»

Category: newsSource:  philstarRelated NewsFeb 3rd, 2019

Boeing Bullish on 2019 Despite US-China Tensions

Boeing reported a strong fourth quarter on Wednesday and offered a bullish 2019 outlook as executives expressed measured confidence in the prospects for a US-China trade agreement. The US aerospace giant, which has been boosted by a multi-year plane building boom amid surging global air travel demand, reported fourth-quarter profits of $3.4 billion, up 3.1 percent from the same period a year ago. Revenues were $28.3 billion, up 14.4 percent. Several of the company's financial figures were company records, including annual revenues topping $100 billion for the first time at $101.1 billion.   Shares rallied on the report and 2019 forecast, which anticipates much higher ...Keep on reading: Boeing Bullish on 2019 Despite US-China Tensions.....»»

Category: newsSource:  inquirerRelated NewsFeb 1st, 2019

Global corporate innovators come together at RISE s Corporation Innovation Summit 2019

On March 28 and 29, 2019, RISE will be holding Asia's first experiential conference at the Centara Grand and Bangkok Convention Centre, CentralWorld, Bangkok. Below is their press release: RISE is collaborating with leading global corporate innovators and practitioners to share practical perspectives on corporate innovation at the Corporate Innovation Summit 2019. The ........»»

Category: newsSource:  rapplerRelated NewsJan 31st, 2019

IBM-DepEd partnership forged

Global tech giant IBM has partnered with the Department of Education (DepEd) to bring their innovative Pathways in Technology Early College High School or P-TECH education model in the Philippines......»»

Category: newsSource:  philstarRelated NewsJan 30th, 2019

Global stocks mostly down as slowing China weighs on some earnings

NEW YORK, United States -- Global stocks mostly fell Monday as a heavy week of earnings and economic news kicked off with a pair of disappointing US reports that underscored worries about slowing Chinese growth. This week's calendar includes the resumption of closely-watched US-China trade talks in Washington following a series of tariff announcements and tit-for-tat countermeasures by the two countries against each other. Economists say that and other trade battles are weighing on global growth, especially in China, where weakness hit two bellwether US companies on Monday. Shares of industrial giant Caterpillar slumped 9.1 percent after projecting weaker-than-expected 2019 ...Keep on reading: Global stocks mostly down as slowing China weighs on some earnings.....»»

Category: newsSource:  inquirerRelated NewsJan 29th, 2019

Oil firms to hike prices for 4th straight time on January 29 | Evening wRap

  Today on Rappler: Fuel prices will once again rise Tuesday, January 29, as global forces place pressure on the commodity. Pope Francis condemns the bombing of the Jolo Cathedral that killed at least 20 people and wounded 111 others during a Catholic Mass Sunday, January 27. The House of Representatives gives the greenlight to lower the minimum age ........»»

Category: newsSource:  rapplerRelated NewsJan 28th, 2019

PSEi up as China-US trade deal hopes rise

THE stock market returned to 8,000 level anew on Friday, tracking a global rally spurred by reports that the US could lift tariffs on China. The benchmark Philippine Stock Exchange…READ The post PSEi up as China-US trade deal hopes rise appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsJan 18th, 2019

Tesla recalls more than 14,000 cars in China over Takata airbags

SHANGHAI, China – Electric-vehicle maker Tesla will recall 14,123 cars in China over airbags that contained a part made by now-defunct Japanese manufacturer Takata, the Chinese market regulator announced on Friday, January 18. The US giant has already announced the recall of some Model S vehicles as part of a global ........»»

Category: newsSource:  rapplerRelated NewsJan 18th, 2019

Philippine economy likely to grow by slower 6% in 2019 — HSBC

British banking giant HSBC sees the country’s economic growth momentum further losing steam due to the global growth slowdown, the trade war between the US and China as well as tight liquidity and higher rates in the domestic front......»»

Category: financeSource:  philstarRelated NewsJan 17th, 2019

McDonald s loses Big Mac EU trademark battle

DUBLIN, Ireland –Irish fast food chain Supermac's announced Tuesday, January 15 it had won a European Union battle against global giant McDonald's over the use of the Big Mac and Mc trademarks. Supermac's asked the European Union Intellectual Property Office to cancel McDonald's use of the trademarks in ........»»

Category: newsSource:  rapplerRelated NewsJan 16th, 2019

Nike unveils next-generation self-lacing basketball shoes

NEW YORK, United States -- In the 1980s, the "Back to the Future" film franchise suggested we would all eventually wear self-lacing sneakers. Then a few years ago, Nike made the movie magic a reality, introducing its first shoe to the public with so-called "power lacing." And on Tuesday, the global sportswear giant took it a step farther -- now your shoes will automatically loosen or tighten when you step into them, and then adapt based on your activity. Wait for it -- the Nike Adapt BB shoes, which go on sale on February 17 for $350 in the United States, are controlled by the touch of a button or a smartphone app. "We picked basketball as the first sport for Nike Adapt i...Keep on reading: Nike unveils next-generation self-lacing basketball shoes.....»»

Category: newsSource:  inquirerRelated NewsJan 16th, 2019

Salaries seen flat this year even as prices rise overall

FILIPINO WORKERS may find it difficult to cope with overall price increases this year, global advisory, broking and solutions firm Willis Towers Watson said in a press release on Monday, noting that it expects salaries to be flat from 2018 at a time that inflation has been forecast by the central bank to clock in at 3.2%......»»

Category: newsSource:  bworldonlineRelated NewsJan 14th, 2019

‘Poland must pay for Huawei arrest’

BEIJING, China — Poland “must pay” for arresting an employee of Chinese telecom giant Huawei for alleged espionage, state-run tabloid Global Times said on Monday. Last week’s detention of Wang Weijing follows the December arrest of Huawei’s chief financial officer in Canada, and US efforts to blacklist the company internationally over security concerns. “Beijing should […].....»»

Category: newsSource:  tribuneRelated NewsJan 14th, 2019