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China says it opposes and cracks down on all forms of cyberattacks
PHILSTAR FILE PHOTO MANILA — The Chinese government does not tolerate any form of cyberattacks and will not allow any country or individual to engage in such illegal activities using Chinese infrastructure, its embassy in the Philippines said. It made the assurances after the Philippines on Monday said that hackers […]
Australia’s central bank holds rates, warns further hike might be needed
BEN MACK/PEXELS SYDNEY — Australia’s central bank held interest rates steady on Tuesday as expected, but cautioned that a further increase could not be ruled out given inflation was still too high and it needed to see more evidence that price pressures were cooling. Wrapping up its February policy meeting, […]
King Charles diagnosed with cancer, will postpone duties and undergo treatment
KING CHARLES — REUTERS LONDON — Britain’s King Charles has been diagnosed with a form of cancer and the 75-year-old will postpone his public duties while he undergoes treatment, Buckingham Palace said on Monday. Charles, who became king in September 2022 following the death of his mother Queen Elizabeth, is […]
Globe warns public vs scams anew as fraudsters shift to new methods amid SIM registration law, telco blocking
Globe reiterates its call for the public to exercise extra vigilance as law enforcers warned of a fresh rise in online and text fraud. Anton Bonifacio, Globe Chief Information Security Officer, said fraudsters are finding new ways to bait potential victims to circumvent the SIM Registration Act and sustained industry […]
Britain invests 100 million pounds in AI research and regulation
LONDON — Britain on Tuesday said it would spend more than 100 million pounds ($125 million) to launch nine new research hubs in artificial intelligence (AI) and train regulators about the technology. “AI is moving fast, but we have shown that humans can move just as fast,” technology minister Michelle […]
Mexico’s president seeks broad constitutional reforms ahead of June elections
Mexican President Andres Manuel Lopez Obrador. — Andres Manuel Lopez Obrador/Facebook MEXICO CITY — Mexico’s president proposed sweeping constitutional reforms in a speech on Monday, including measures to overhaul the judiciary, electoral law, pensions, and environmental regulations, just months before a presidential election. “The reforms that I propose seek to […]
US Treasury team heads to China to talk subsidies, economic policies
REUTERS WASHINGTON — The Biden administration has sent five senior US Treasury officials to Beijing this week for economic talks that will include China’s “non-market” policies that are adding excess industrial capacity, a Treasury official said on Monday. The delegation, led by Treasury Undersecretary for International Affairs Jay Shambaugh, planned […]
Australia set to pass contentious tax cuts bill as parliament resumes
REUTERS SYDNEY — Australia looks set to pass a reshaped tax cuts bill, that would give low-income earners more breaks and trim benefits to the wealthy, as the opposition pledged support on Tuesday after initially criticizing the government’s shift in policy. The conservative opposition’s decision came as the parliament resumed […]
Economy to fare better in 2nd half
COURTESY OF ICTSI THE PHILIPPINE ECONOMY is expected to fare better in the second half of the year, as easing interest rates could lift consumption and improving external climate may boost trade, according to Moody’s Analytics. “The economy will fare better this year, especially in the second half. Fading inflation […]