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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

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

Korea’s contribution to co-prosperity through CSR

“The price of greatness is responsibility.” This statement from former United Kingdom Prime Minister Winston Churchill speaks of how one cannot rise to be a leader in the global stage without being involved in its problems......»»

Category: newsSource:  philstarRelated NewsNov 14th, 2018

Saudi to cut output, oil prices advance

Oil prices advanced Monday after crude kingpin Saudi Arabia announced plans to cut output in the face of global oversupplies and demanded that other producers followed suit. Higher crude lifted shares across the commodities sector, helping London’s FTSE 100 index featuring the likes of BP and Shell, to rise slightly overall. Tobacco stocks however slumped, […].....»»

Category: newsSource:  tribuneRelated NewsNov 12th, 2018

Jollibee nets P2B in Q3 amid global push

HOMEGROWN food giant Jollibee Foods Corp. (JFC) expanded its attributable profit by a fourth from July to September, lifted by its global store expansion alongside the consolidation of American burger chain Smashburger into its portfolio......»»

Category: newsSource:  bworldonlineRelated NewsNov 12th, 2018

Philippines internet speed to become faster with 3rd telco

Internet speed in the country may rise to third fastest in Southeast Asia from being among the slowest at present with the provisional third telco player’s commitment in its first year of operations, but telco giant PLDT has advised the public to temper their expectations for at least two years with the arrival of the new major player......»»

Category: financeSource:  philstarRelated NewsNov 11th, 2018

Naomi Osaka headed for big money with Japan, global appeal

By Yuri Kageyama, Associated Press TOKYO (AP) — Naomi Osaka used a powerful forehand and a matching serve to win the U.S. Open against Serena Williams two months ago, soaring as high as No. 4 this season in the WTA tennis rankings. Off the court — on the marketing front — she has the same potential. Maybe more. "It's very, very rare to find a Japanese-born female athlete who appeals to an international audience," said Bob Dorfman, a sports marketing expert and creative director at Baker Street Advertising in San Francisco, California. Serena Williams topped the Forbes list of the highest-earning female athletes this year at $18 million, almost all endorsements. Osaka appears to be the right woman in the right sport at the right time with the draw to overtake Williams. "What's more, tennis, especially women's tennis, is a sport that lends itself to a broad variety of sponsors: sporting goods, health and beauty, fashion, lifestyle, travel, personal care, you name it," Dorfman said. "And the sport's international following brings with it a large, loyal and affluent fan base. All the more reason why so many companies are lining up to sign her up." The big question is: Can she keep this up? Much has happened very quickly for her, notes former tennis star Chris Evert. "You know, it's going to be life-changing for her and very, very important," Evert said. "From what I see, she is very humble and from what I see, her parents are very humble people. Hopefully they won't go Hollywood on us. We don't want that to happen." Osaka's multicultural background — Japan-born but raised in the U.S. by a Haitian-American father and a Japanese mother — adds to her wide appeal, endearing her to fans in Japan and elsewhere. Her disarming charm, off and on the court, including how she handled the turmoil surrounding her win over Williams, is also winning people over. "She appeals to the young and old, men and women, everyone," said Shigeru Tanaka, advertising manager at Citizen, her sponsor since August. Tokyo-based Citizen Watch Co.'s 80,000 yen ($700) Naomi Osaka watch is selling out at stores in Japan, thanks to the exposure it got on her wrist at the U.S. Open. Citizen was quick to take advantage of her Grand Slam win, taking out a one-third page ad in the Yomiuri newspaper's extra edition report of her win. Companies won't say how much her contracts are worth, but they tend to be written so that if she keeps winning, her earnings will keep going up. If one company won't pay, another will just snatch her up, marketing experts say. Although Japanese baseball players like Ichiro and Shohei Ohtani are superstars, that sport doesn't have the global appeal of tennis. There are Olympians, but their appeal tends to come and go every four years. Japan is "just starving for a star," Evert said. Osaka has been wearing various Citizen watches in matches and in photo ops and has told reporters the first watch she got from her mom was a Citizen. She has also said her father drove a Nissan while she was growing up — another in a growing line of sponsors. Besides Citizen, Osaka has deals with instant noodle-maker Nissin Foods Group, Japanese badminton and tennis racket maker Yonex Co., and athletic-wear and sneaker giant Adidas. Nissan Motor Co. signed Osaka as its three-year "brand ambassador" in September. The deal was in the works for a while, but the timing couldn't have been better, coming right after the U.S. Open. The Yokohama-based automaker is mulling a "Naomi Osaka model" car. She is also getting keys to a silver GT-R sports car. Investing in Osaka enhances brand image for the long-term, said Masao Tsutsumi, general manager in charge of Osaka-related marketing at Nissan. He said her transformation from "every girl" to superstar parallels the automaker's commitment to technological innovation. "She also is such a nice person while being utterly professional," he added. Yonex has been supplying rackets to Osaka since she was 10, after receiving a letter from her mother. The Osaka effect is evident in the growing popularity of Yonex rackets among younger Americans, the company says. Appearing before Yonex employees in Tokyo, Osaka drew affectionate laughter by insisting on addressing the crowd in Japanese, though she managed only a few words, including "onaji," or "the same," says Nori Shimojo, the company's official in charge of tennis player service. At just 21, Osaka's got plenty of time to learn the language of her birthplace if she wants to. As for her sponsorship windfall, she is shrugging it all off. "I wouldn't really know because I have never been in this territory," she said during a recent tournament in Singapore. "For me, I just focus on my matches, and, I mean, like I'm a tennis player, so I just play tennis." ___ Sandra Harwitt in Singapore contributed to this report......»»

Category: sportsSource:  abscbnRelated NewsNov 9th, 2018

Leaks reveal Man City deal to hide player costs from UEFA

By Graham Dunbar, Associated Press GENEVA (AP) — Manchester City created a shell company for a commercial deal to disguise tens of millions of dollars in income from UEFA investigators, according to club documents cited by a German magazine. Der Spiegel cites internal Man City correspondence to show the team's holding company, state-backed Abu Dhabi United Group, paid the shell firm to "buy" player image rights from the club. The magazine reported that Man City officials detailed a long-term search for "creative solutions" to hiding expenses and evading UEFA monitoring of spending on players. Man City risked Champions League expulsion in 2014 if a UEFA club finance panel had found it had severely breached "Financial Fair Play" rules, designed to curb overspending on player costs. Critics say FFP protects storied clubs from ambitious rivals with new and wealthy owners. Der Spiegel is leading the Europe-wide publication of the "Football Leaks" documents. In recent days, European media have detailed plans shaped by Real Madrid for a breakaway European Super League kicking off in 2021, and how FIFA President Gianni Infantino has intervened in its independent ethics committee's work. Der Spiegel also reported last Friday that Man City threatened to destroy UEFA with legal action before reaching a 2014 settlement to forfeit 20 million euros ($22.8 million) in prize money. Man City has not disputed the authenticity of the documents, and said an "attempt to damage the club's reputation is organized and clear." Asked about what was reported in Der Spiegel, Man City manager Pep Guardiola said Tuesday: "Of course I trust the club, what they have done. Of course we want to follow the rules. UEFA, FIFA and the Premier League, they do what they have to do. Believe me, I'm completely honest, I don't know what happened, I'm a manager, focused on the pitch, the locker room." "I'm part of the club, I support the club," added Guardiola, who was speaking at a news conference ahead of City's Champions League match against Shakhtar Donetsk on Wednesday. "We want to do what we have to do in terms of the rules." Since Man City was bought with Abu Dhabi sovereign wealth in 2008, a team long in the shadows of more glamorous Manchester United has overtaken its rival on the field. City achieved this spending more than 1 billion pounds ($1.3 billion) to win a first Premier League title in 2012. This rise coincided with UEFA creating rules — in consultation with the European Club Association — to limit spending within a club's ability to generate revenue. Der Spiegel cited Man City documents in which officials wrote: "Without significant additional revenues ... UEFA FFP compliance WILL NOT be achieved." City CEO Ferran Soriano complained in one memo that ECA members were pushing for the UEFA rules — which many thought could curb the rise of Man City and Qatari-owned Paris Saint-Germain. "We will need to fight this," Soriano wrote, according to the magazine, "and do it in a way that is not visible, or we will be pointed out as the global enemies of football." Man City apparently wanted to shift some costs away from the club and helped set up a shell company called Fordham Sports Management with two British investors. It was supposedly used as a vehicle to disguise payments to players for the right to use their image in marketing campaigns. Der Spiegel said this helped turn almost 30 million euros ($34 million) into revenue instead of a cost, for the purpose of UEFA's investigation of club accounts......»»

Category: sportsSource:  abscbnRelated NewsNov 7th, 2018

International Declaration on Information and Democracy

PARIS, France – Seventy years after the Universal Declaration of Human Rights was adopted in Paris, the " International Declaration on Information and Democracy ,” published on Monday, November 5 established basic principles for the global information and communication space, which its preamble defines as a “common good of humankind.” The management of this space ........»»

Category: newsSource:  rapplerRelated NewsNov 5th, 2018

Mondelez joins Rise Against Hunger PH

Undernutrition has been a pressing issue in the Philippines. According to the Nutrition Research Institute, 31.2 percent of children ages 5 to10 years old are underweight. Due to this, global...READ MORE The post Mondelez joins Rise Against Hunger PH appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsNov 3rd, 2018

Rah, Rah, Rah! A global rise against hunger

Employees of Globe Telecom joined hundreds of volunteers from the US, Italy, India and South Africa in helping international non-government organization Rise Against Hunger (RAH) achieve its goal of entering the Guinness World Record with the greatest number of people assembling hunger relief packages simultaneously at multiple venues in five minutes......»»

Category: newsSource:  philstarRelated NewsNov 3rd, 2018

Google workers walk out in global protest over harassment

SAN FRANCISCO: Thousands of Google employees joined a coordinated worldwide walkout Thursday to protest the US tech giant’s handling of sexual harassment as the chief vowed “concrete steps are coming”...READ MORE The post Google workers walk out in global protest over harassment appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsNov 2nd, 2018

Big turnout of Googlers at headquarters in global protest

SAN FRANCISCO, USA – Thousands of Google employees joined a coordinated worldwide walkout Thursday to protest the US tech giant's handling of sexual harassment as the chief vowed "concrete steps are coming" in response to the concern. Google employees poured out of buildings at the company's Silicon Valley "Googleplex," ........»»

Category: newsSource:  rapplerRelated NewsNov 2nd, 2018

Chinese literary giant Louis Cha dies in HK at 94

  HONGKONG --- Renowned Hong Kong author Louis Cha, whose epic martial arts thrillers inspired numerous films and sold some 300 million copies worldwide, has died aged 94. Known by his pen name Jin Yong, Cha is a household name across the Chinese-speaking world --- while overseas his novels have drawn parallels to the "Lord of the Rings" series. Packed with hard-hitting kung fu masters and intricate plot lines, his books bring to life the different dynasties of ancient China. They have given rise to TV dramas and video games as well as dozens of movies. Cha died in Hong Kong on Tuesday after a long illness. Among his most famous works are "The Demi-Gods and Semi-Devils", "...Keep on reading: Chinese literary giant Louis Cha dies in HK at 94.....»»

Category: newsSource:  inquirerRelated NewsOct 31st, 2018

Global rights campaigners warn of rise in activist murders

More than 150 rights campaigners from around the world gathered in Paris on Monday, warning of a spike in the number of activists from Brazil to the Philippines being murdered for their work. Source link link: Global rights campaigners warn of rise in activist murders.....»»

Category: newsSource:  manilainformerRelated NewsOct 29th, 2018

Cry me a river: Low water levels causing chaos in Germany

BERLIN --- A new island in Lake Constance. A river in Berlin flowing backward. Dead fish on the banks of lakes and ponds. Barges barely loaded so they don't run aground. A hot, dry summer has left German rivers and lakes at record low water levels, causing chaos for the inland shipping industry, environmental damage and billions of euros (dollars) in losses --- a scenario that experts warn could portend the future as global temperatures rise. The drought-like conditions have hit nearly 90 percent of the country this year. In Magdeburg, the Elbe River has been so low that no ships carrying goods south to Leipzig or on to the Czech Republic have been able to pass through since...Keep on reading: Cry me a river: Low water levels causing chaos in Germany.....»»

Category: newsSource:  inquirerRelated NewsOct 27th, 2018