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World oil supply risks rising – IEA

PARIS: Rising global oil supply, driven by crude giants Saudi Arabia and Russia, may come under pressure as key producers face disruptions, the International Energy Agency said Thursday. The IEA welcomed in its July report last month’s agreement between the Organization of the Petroleum Exporting Countries (OPEC) and Russia to open the taps in order [...] The post World oil supply risks rising – IEA appeared first on The Manila Times Online......»»

Category: newsSource: manilatimes_net manilatimes_netJul 12th, 2018

World oil supply risks rising – IEA

PARIS: Rising global oil supply, driven by crude giants Saudi Arabia and Russia, may come under pressure as key producers face disruptions, the International Energy Agency said Thursday. The IEA welcomed in its July report last month’s agreement between the Organization of the Petroleum Exporting Countries (OPEC) and Russia to open the taps in order [...] The post World oil supply risks rising – IEA appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsJul 12th, 2018

World oil supply risks being ‘stretched to limit’: IEA

Rising global oil supply, driven by crude giants Saudi Arabia and Russia, may come under pressure as key producers face disruptions, the International Energy Agency said Thursday. The IEA welcomed in its July report last month’s agreement between the Organization of the Petroleum Exporting Countries (OPEC) and Russia to open the taps in order to […].....»»

Category: financeSource:  bworldonlineRelated NewsJul 12th, 2018

IATA warns airlines headed for crisis on rising infrastructure costs

The growing cost of airport infrastructure poses risks to the global airline industry’s profitability and growth, the head of the International Air Transport Association (IATA) said, adding a crisis due to inadequate infrastructure was brewing almost everywhere in the world......»»

Category: newsSource:  interaksyonRelated NewsFeb 5th, 2018

WB flags risks amid growth promise

THE PHILIPPINES “will remain a top performer” in East Asia and the Pacific, the World Bank said yesterday, even as it flagged risks that include rising global interest rates that could weaken the peso, crimp capital flows and stoke inflation, as well as fiscal risks as the state ramps up spending while flagship tax reforms aimed at raking in more funds for government struggle through Congress......»»

Category: newsSource:  bworldonlineRelated NewsApr 11th, 2017

Front Page: WB flags risks amid growth promise

THE PHILIPPINES "will remain a top performer" in East Asia and the Pacific, the World Bank said yesterday, even as it flagged risks that include rising global interest rates that could weaken the peso, crimp capital flows and stoke inflation, as well as fiscal risks as the state ramps up spending while flagship tax reforms aimed at raking in more funds for government struggle through Congress......»»

Category: financeSource:  bworldonlineRelated NewsApr 11th, 2017

Fitch affirms PHL’s investment grade

By Melissa Luz T. Lopez Senior Reporter FITCH RATINGS has kept its credit rating for the Philippines a notch above minimum investment grade amid strong growth prospects, even as it flagged rising inflation, rapid bank lending and a growing trade gap that could signal overheating risks. Fitch on Wednesday affirmed the Philippines at “BBB” with… link: Fitch affirms PHL’s investment grade.....»»

Category: newsSource:  manilainformerRelated News7 hr. 51 min. ago

Fitch affirms PHL’s investment grade

FITCH RATINGS has kept its credit rating for the Philippines a notch above minimum investment grade amid strong growth prospects, even as it flagged rising inflation, rapid bank lending and a growing trade gap that could signal overheating risks......»»

Category: financeSource:  bworldonlineRelated News8 hr. 3 min. ago

Aoki, Wiratchai clash for crown

Former ONE Lightweight World Champion Shinya “Tobikan Judan” Aoki and rising Thai superstar Shannon “OneShin” Wiratchai collide on July 27 for the One: Reign of Kings battle at the Mall of Asia. Aoki (40-8, 1NC) is coming off a first-round submission victory over Rasul Yakhyaev last May that somehow put him back on track following […].....»»

Category: newsSource:  tribuneRelated NewsJul 18th, 2018

Top lightweights collide when Aoki meets Wiratchai in Manila

FLYING a little under the radar is a spectacular matchup between former ONE Lightweight World Champion Shinya “Tobikan Judan” Aoki (40-8, 1NC) and rising Thai superstar Shannon “OneShin” Wiratchai (9-2, 1NC). The two lightweight contenders are set to do battle in a three round bout on the main card of… Source link link: Top lightweights collide when Aoki meets Wiratchai in Manila.....»»

Category: newsSource:  manilainformerRelated NewsJul 17th, 2018

Top lightweights collide when Aoki meets Wiratchai in Manila

FLYING a little under the radar is a spectacular matchup between former ONE Lightweight World Champion Shinya “Tobikan Judan” Aoki (40-8, 1NC) and rising Thai superstar Shannon “OneShin” Wiratchai (9-2, 1NC). The two lightweight contenders are set to do battle in a three round bout on the main card of….....»»

Category: newsSource:  journalRelated NewsJul 17th, 2018

The next senior World Cup is in France, not Qatar

By Anne M. Peterson, Associated Press MOSCOW (AP) — The "next" World Cup got plenty of hype in Russia. A massive cube was alight with video images of "Qatar 2022" in Gorky Park, while the ground floor of the high-end shopping mall at Red Square was devoted to displays touting the event. But apart from a social media campaign, there was little attention on the (actual) next senior World Cup: the women's tournament next year in France. That was surprising. In the past several years since scandal enveloped soccer's governing body, FIFA has made a point of proclaiming that it aims to raise both the role of women in the organization and the profile of the women's game. President Gianni Infantino appointed Fatma Samoura as the first female secretary general of soccer's international governing body in 2016, while also announcing the creation of a women's soccer division. The men's World Cup in Russia could have provided an opportunity to address equity in the sport while also pointing to the women's tournament next year. But France 2019 wasn't promoted much at all: No signs, events or displays in tourist areas. Samoura made some appearances, but was not visible during the awards ceremony following France's victory over Croatia on Sunday. Venezuelan forward Deyna Castellanos was deemed the women's soccer ambassador in Russia and she starred in a social media campaign anchored by the hashtag #DareToShine. But while the 19-year-old is considered a rising star in the women's game, Venezuela failed to qualify for France so the selection seemed odd. Infantino acknowledged more could be done for the women's game at his wrap-up news conference in Moscow. There's no doubt that the men's World Cup every four years is FIFA's financial juggernaut. But the women are the governing body's second-biggest commercial asset. "We have to invest in women's football. We are thinking of a new women's world league, because 50 percent of the world population, the ladies, need to be treated in the right way as well in a sport which is said to be macho like football," Infantino said. "We have to invest in women's football, we have programs and we have ideas." The call for greater equity in soccer is not new. In the run-up to the last Women's World Cup in 2015, a group of international players, led by U.S. star Abby Wambach, protested because the tournament would be played on artificial turf, which is considered by many to be inferior to real grass. The men's tournament had always been played on grass. Once the point was made about the turf, the tournament in Canada turned out to be a rousing success, attracting the biggest crowds of any FIFA tournament outside of a men's World Cup. It also broke TV rating records in North America, with the final drawing more viewers than any other prior men's or women's match in the United States. Following their victory over Japan for the trophy, the U.S. women went on to bargain for, and receive, a better contract with U.S. Soccer that brought them closer to the compensation level of their male counterparts. The Americans were not alone, national teams from other countries won more equitable contracts with their federations, including Australia and Ireland. France could provide FIFA an opportunity to showcase concrete change at the highest level, and the possible messaging couldn't get more perfect: France won a World Cup, and now will host it. Two issues stand out. It remains to be seen how much prize money will be increased in 2019. The U.S. women took home $2 million in 2015. In contrast, France's men earned $38 million for their victory on Sunday. And there's no word yet whether video replay will be used just as it was for the men for the first time in Russia. U.S. women's coach Jill Ellis was in Moscow the final week of the tournament for a media session put on by FOX, which has the domestic TV rights for 2019 France. She'd like to see an increase in prize money and the use of replay. "I don't know what the ramifications were in other countries, but you look at our own team, in our own country and the viewership and the attendance — there's no difference (with the men)," Ellis said. "So I think that FIFA 100 percent should look at our game as a game, not as a women's game or a men's game." ___ AP Sports Writer Ron Blum in Moscow contributed to this report......»»

Category: sportsSource:  abscbnRelated NewsJul 17th, 2018

With flags, song, pride, French celebrate unifying victory

By Elaine Ganley, Associated Press PARIS (AP) — It was a victory for all of France and the home crowd did it justice, pouring into Paris' Champs-Elysees Avenue by the tens of thousands to celebrate in an explosion of joy. France's 4-2 win over Croatia in the World Cup final in Moscow on Sunday marked the second time in 20 years that France has won the World Cup, and came at a time when the people feel needy. "It represents enormous things," said Goffrey Hamsik, dressed in a hat resembling a rooster — the French national symbol — and a shirt with the No. 10 for Kylian Mpappe, the 19-year-old breakout star who hails from the Paris suburb of Bondy. "We've had lots of problems in France these past years," he said, recalling deadly terror attacks. "This is good for the morale ... Here, we are all united. We mix. There is no religion, there is nothing, and that's what feels good." Troublemakers marred some of the festivities at the top of the Champs-Elysees, breaking the window of a major store, throwing bottles, temporary barriers and even a bicycle at riot police as the celebrations wound down close to midnight. Police responded with water cannon and tear gas. BFM-TV reported that the store was pillaged. Earlier, people wrapped in flags and dressed in crazy hats, and one man spotted totally nude except for the Tricolor, marched down the avenue where France displayed its military might a day earlier for Bastille Day. Revelers set off smoke bombs in the national colors — blue, white and red — obscuring Napoleon's triumphal arch. People climbed atop every newspaper kiosk and bus stop in the area to wave flags and lead the crowds below in cheers. The national anthem, the Marseillaise, rang out, cars honked horns and cherry bombs cracks. A young man sprayed a fire extinguisher on the crowd on a late hot afternoon. Hundreds of police in riot gear were discretely lined up on side streets to monitor revelers. Typically, celebrations in France end up with some broken shop windows and other destruction, and Sunday was no exception. Tear gas was lobbed at one point on the Champs-Elysees. About 4,000 police watched over the fan zone — packed to its 90,000 capacity — during the match, then moved to the Champs-Elysees and neighboring streets. As night fell, The Eiffel Tower flashed 1998-2018 to mark France's two World Cup titles. The Arc de Triomph was awash in the national colors, lit with the rooster, the faces of the winning team and the words "Proud to be Blue," or French. The celebrations were spread across the nation. For all the crazy antics — and some revelers who got out of control — a sense of patriotism and unity was almost visceral. Antoine Griezmann, the France striker who scored one of the goal's Sunday, told a news conference two days before the final, televised on BFM TV, that pride in country is in short supply. "We say it so little ... We should be proud to be French," Griezmann said. Mahmoud Bourassi was among those taking a longer-term view and he had some sobering thoughts about France's run to the title and the festivities it has sparked. Bourassi runs a youth center in Bondy — Mbappe's home that was among those scarred by riots in 2005 that exposed the fissures of France that have yet to heal — and he knows the teenage star of the tournament. "All this euphoria and effervescence, it's positive but it's emotional and ephemeral," he said ahead of France's win. Bourassi said sports is a "catalyst to bring people and nations together." But, he added, it must be built on. "What we're seeing is magic, exceptional. But what are we going to do with it tomorrow?" That is a question for President Emmanuel Macron, who was in Moscow celebrating with the team on victory night, and will receive the squad more formally on Monday at the presidential Elysee Palace. Revelers celebrated the moment. "We're happy. It took 20 years ... It's the pride of the nation. It unites everyone. It federates," Frederique Pourquet said as she and her friend left the Champs-Elysees. The win "shows that the French people are consolidated and the work of all France," said Omar Bzi. Hajar Maghnaoui, of Asnieres, north of Paris, said "It's a way to bring the French people together, and also the world." ___ John Leicester in Moscow contributed to this report......»»

Category: sportsSource:  abscbnRelated NewsJul 16th, 2018

World Bank keeps PH growth forecasts at 6.7%

The World Bank is keeping its 2018 and 2019 growth forecasts for the Philippines at 6.7 percent, with higher state spending expected to provide a buffer against rising global uncertainties. In a statement on Friday, the multilateral institution said it had re-examined the expected drivers of gross domestic product (GDP) growth — used as the [...] The post World Bank keeps PH growth forecasts at 6.7% appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsJul 13th, 2018

Revolution Precrafted bags $460-M contract in Brazil

Revolution Precrafted, which designs and builds prefabricated structures for clients around the world, announced a deal to supply homes and hotel villas in Brazil.   The company, founded by Filipino businessman Robbie Antonio, said the contract in Brazil was worth $460 million and would be located in an 80-hectare eco-resort development near Rio de Janeiro.   Revolution Precrafted said the contract involved the supply of "high end quality eco-sustainable designer homes and eco-friendly villas."   Specifically, it will design and supply one to three-bedroom homes and units measuring 50 to 200 square meters. It will also be supplying medium sized resort...Keep on reading: Revolution Precrafted bags $460-M contract in Brazil.....»»

Category: newsSource:  inquirerRelated NewsJul 13th, 2018

World Bank maintains two-year growth forecasts for PH at 6.7%

Despite external shocks, the World Bank is keeping its growth forecasts for the Philippines of 6.7 percent for both this year and next year on the back of robust government spending, especially on infrastructure.   In a statement on Friday, the Washington-based multilateral lender said it was keeping its gross domestic product (GDP) growth projections for the Philippines for 2018 and 2019 "despite rising global uncertainty."   Its forecasts, however, were below the government's target range of 7-8 percent yearly growth from 2018 to 2022.   The Philippine economy grew by 6.7 percent last year, which was among the fastest across emerging Asian economies. ...Keep on reading: World Bank maintains two-year growth forecasts for PH at 6.7%.....»»

Category: newsSource:  inquirerRelated NewsJul 13th, 2018

WB sees PH GDP growing 6.7% in 2018-2019 ‘despite rising global uncertainty’

Despite external shocks, the World Bankon Fridaysaid it kept its growth forecasts for the Philippines of 6.7 percent for both this year and next year on the back of robust government spending, especially on infrastructure. In a statement, the Washington-based multilateral lender said it maintained its gross domestic product (GDP) growth projections for the Philippines for the years 2018 and 2019 "despite rising global uncertainty." The World Bank's forecasts were nonetheless below the government's target range of 7-8 percent growth yearly starting this year until 2022. The Philippine economy grew 6.7 percent last year, among the fastest across emerging Asian economies. Revise...Keep on reading: WB sees PH GDP growing 6.7% in 2018-2019 ‘despite rising global uncertainty’.....»»

Category: newsSource:  inquirerRelated NewsJul 13th, 2018

The British Open returns to the nasty links of Carnoustie

By Doug Ferguson, Associated Press Carnoustie is known as much for the calamity it causes as the British Open champions it crowns. Any mention of Carnoustie immediately brings back that image of Jean Van de Velde, equal parts tragedy and comedy, standing in Barry Burn on the 18th hole with water up his shins and rising. He made triple bogey to lose a three-shot lead, and then completed as great a collapse as can be found in a major championship by losing in a three-man playoff in 1999. Just don't get the idea Van de Velde owns all the rights to bad endings at Carnoustie. Jose Jurado was the first victim. He had a three-shot lead going into the final round in 1931 and was still two shots clear late in the round until coming undone in the brutal closing stretch, topping one shot on the 17th hole into the burn. He lost out to Tommy Armour. More recently was Padraig Harrington , only it worked out well for him in 2007. Playing the 18th with a one-shot lead, the Irishman hit his tee shot into the Barry Burn. He took a penalty drop and then hit his next shot into the winding stream. Harrington managed the best double bogey of his life. It got him into a playoff when Sergio Garcia made bogey from the bunker, and Harrington went on to win his first major. Of the six previous Opens on these menacing links, Ben Hogan is the only winner to hold a 54-hole lead. For most everyone else, Carnoustie always seem to dish out its share of carnage. Rod Pampling once opened with a 71 and had the lead. He followed with an 86 and missed the cut. Phil Mickelson still hasn't seen a weekend at Carnoustie. Garcia made his major debut as a professional at Carnoustie. He shot 89. "That's a brutal course," Bernhard Langer said. He speaks from experience in 1999, when Langer had his third-highest score of the 23 Opens he completed. He shot 297, and he tied for 18th that week. The first time Tiger Woods went an entire round without a birdie in a major was in 1999 at Carnoustie. "I think I made one birdie on the weekend and I finished three or four back of the playoff," Woods said. "That was ridiculous how hard it was." One month after Shinnecock Hills was punishing as ever in the U.S. Open, golf's oldest championship doesn't figure to be much of a reprieve. Scotland has been going through a warm, dry patch of weather, which figures to make it firm and bouncy. Mickelson, who played Carnoustie a week before the Open, said it was unlikely he would even carry a driver. "I'm either going to carry a driver or that hot 3-wood, but there's only two or three holes — there's actually only two holes I plan on using it, both par 5s. I have a low 1-iron that I've been putting in the bag and ... it's very low. Gets on the ground quick. I'll hit that on probably the last ten holes, almost every hole." Carnoustie in any conditions is regarded as a beast, with a reputation as the toughest links in the world. Sir Michael Bonallack, the former R&A secretary, might have sized it up the best when he said, "When the wind is blowing, it is the toughest course in Britain. And when it's not blowing, it's probably still the toughest." In recent Opens, it has picked up a nickname: Car-nasty. For so much of the field, it will be a new experience. Only two players from the top 10 in the world have played a British Open at Carnoustie — Justin Rose and Rory McIlroy , who was an 18-year-old amateur in 2007 and immediately showed his potential when he opened with a 68. He tied for 42nd that week. Only 33 players in the 156-man field have played an Open at Carnoustie, and only 12 have played it twice. Defending champion Jordan Spieth only knows it from television. He was 13, just starting to blossom as a junior, and he watched the Open from home as Garcia and Harrington tried to survive the finish. "I remember ... how good of a score par was on that hole and will continue to be for Opens going forward," Spieth said. "It's one of probably the toughest closing holes in the Open Championship anywhere, and that creates some drama when it comes down to Sunday, as we've seen. And I don't think it will be any different this year." Carnoustie gets its mean streak from the way the course was set up in 1999, with narrow fairways and high grass. But its strength comes from the wind, like most links courses, and this course near the North Sea is particularly exposed. It measures 7,402 yards, which is 19 yards shorter — yes, shorter — than it was in 2007, the last time the Open was at Carnoustie. Spieth will try to become the first player in 10 years to repeat as British Open champion, and right now he'd simply settle for a chance. Since his closing 64 at the Masters to finish third, Spieth has finished at least 12 shots out of the lead in four of his seven tournaments. He missed the cut in the other three. Like most majors these days, the Open figures to be wide-open. Dustin Johnson, who lost a four-shot lead over the final two rounds at Shinnecock, is back to No. 1 in the world and eager to pick up another major. He has not played since the U.S. Open. The next three players behind him in the world ranking — PGA champion Justin Thomas, Rose and U.S. Open champion Brooks Koepka — all have a chance to replace him at No. 1. Recent history would suggest a young American — the last five majors have been won by Americans in their 20s. "It's definitely been pretty one-sided, and the Americans are dominating," Rose said. "So it would be lovely to turn that around next week." Woods is happy to get another crack at it. Carnoustie was his first experience with links golf in 1995, when he was still at Stanford and came over for the Scottish Open at Carnoustie ahead of the British Open at St. Andrews. He opened with a 69, closed with a 78 finished 48th. "Carnoustie is an unbelievable driving golf course," Woods said. "You have to drive the ball well there, but also it's not your traditional in (and) out golf course. It's a lot of different angles, so a lot of different crosswinds. I have to be able to maneuver the golf ball both ways there efficiently. You just have to hit the golf ball well." There is no faking. Nothing comes easily. No one really conquers Carnoustie. It's more about survival. The highest compliment might have come from Tom Watson, who won his first major at Carnoustie in 1975 in a playoff over Jack Newton. "Carnoustie is like an ugly, old hag who speaks the truth no matter how painful," Watson once said. "But it's only when you add up your score, you hear exactly what she thinks of you.".....»»

Category: sportsSource:  abscbnRelated NewsJul 13th, 2018

Patti Smith to lead new climate benefit show

Rock icon Patti Smith will lead a fresh benefit concert to combat climate change on the sideline of talks in San Francisco, organizers said Wednesday. The September 14 concert will close a three-day "summit" of local leaders on climate change from around the world, and called by California's outgoing Governor Jerry Brown. He has vowed to bring together sub-national players to mobilize action against rising temperatures while US President Donald Trump displays hostility to global efforts. Smith is the 71-year-old so-called godmother of punk who has frequently played benefits in recent years. She will be joined by Grateful Dead guitarist Bob Weir and Red Hot Chili Peppers bass...Keep on reading: Patti Smith to lead new climate benefit show.....»»

Category: newsSource:  inquirerRelated NewsJul 12th, 2018

Rescued Thai soccer team unable to attend World Cup final

By Graham Dunbar, Associated Press MOSCOW (AP) — The youth soccer team rescued from a cave in Thailand will be unable to accept FIFA's invitation to attend the World Cup final. The last four of the boys and the team's 25-year-old coach were rescued Tuesday from a flooded cave in northern Thailand, ending an ordeal that lasted more than two weeks. "We have been informed by the Football Association of Thailand that due to medical reasons, the boys will not be in a position to travel to Moscow for the FIFA World Cup final," the sport's governing body said Tuesday after the rescue operation was completed. Eight more boys had been rescued in the previous two days after becoming trapped by rising water levels. "FIFA's priority remains the health of everyone involved in the operation," the governing body said. FIFA leaders will meet with Thai soccer officials in Moscow on the sidelines of the World Cup final on Sunday. "We will look into finding a new opportunity to invite the boys to a FIFA event to share with them a moment of communion and celebration," FIFA said in a statement. FIFA expressed "profound gratitude to all persons involved in the rescue operation," and condolences for the family of the Thai Navy SEAL diver who died. England defender Kyle Walker also sent a message on Twitter after the "amazing news" of the rescue. Amazing news that all of the Thai kids are out of the cave safely! I'd like to send out shirts to them! Is there anyone who can help with an address? @England pic.twitter.com/pQYwW4SPh7 — Kyle Walker (@kylewalker2) July 10, 2018 "I'd like to send out shirts to them! Is there anyone who can help with an address?" Walker wrote. Manchester United extended an invitation to the team to visit in the months ahead. #MUFC is relieved to learn that the 12 footballers and their coach trapped in a cave in Thailand are now safe. Our thoughts and prayers are with those affected.We would love to welcome the team from Wild Boars Football Club and their rescuers to Old Trafford this coming season. pic.twitter.com/5CGMoD1Msq— Manchester United (@ManUtd) July 10, 2018 "We would love to welcome the team from Wild Boars Football Club and their rescuers to Old Trafford this coming season," the club said on its official Twitter account. In 2010, Man United hosted a group of miners from Chile who spent almost 10 weeks underground before being rescued......»»

Category: sportsSource:  abscbnRelated NewsJul 11th, 2018

Fil-Am high school star Jalen Green set to take flight in basketball world

Jalen Green is drawing fans with his outstanding play after he led the United States to championship gold in the recently-concluded FIBA Under-17 World Cup. The 6’5 Filipino-American sophomore sensation is expected to be a top college star and has also spoken fondly for the Filipino basketball scene. Rising star Green averaged 15.7 points and […].....»»

Category: newsSource:  interaksyonRelated NewsJul 10th, 2018