By Arjay L. Balinbin, Senior Reporter PHILIPPINEAIRLINES.COM Flag carrier Philippine Airlines, Inc. (PAL) announced on Saturday that the United States bankruptcy court overseeing its Chapter 11 proceedings approved during a hearing on Friday its recovery plan. The US Bankruptcy Court of the Southern District of New York approved the embattled […]
Globe and Green Antz partner for single-use plastic avoidance and upcycling
Globe joins hands with Green Antz Builders and its distribution partners in an urgent mission to drive environmental conservation through the responsible disposal and processing of single-use plastic wastes. The partnership is a year-long engagement to responsibly dispose and process single-use plastic waste and look for potential solutions to this […]
More interest rate rises on the cards if inflation continues, says Bank of England
The Bank of England will need to raise interest rates further if inflation persists, the central bank’s chief economist has said. Huw Pill warned of further rises a day after the Bank increased borrowing costs for the first time since the start of the pandemic. He agreed in an interview […]
WTO chief says vaccine answer close, but facing effort to block it
REUTERS BRUSSELS — The World Trade Organization (WTO) is close to resolving a dispute over how to spread coronavirus disease 2019 (COVID-19) vaccines more widely and fairly, but facing an “orchestrated effort” to block a deal, the body’s chief said on Thursday. WTO Director-General Ngozi Okonjo-Iweala told Reuters she had held […]
BSP holds rates amid Omicron threat
BW FILE PHOTO By Luz Wendy T. Noble, Reporter THE Philippine central bank maintained its key policy rates at record lows as widely expected on Thursday to lend support to the economy amid the threat from the Omicron variant of the coronavirus disease 2019 (COVID-19). The Bangko Sentral ng Pilipinas […]
BSP holds rates amid Omicron threat
BW FILE PHOTO By Luz Wendy T. Noble, Reporter THE Philippine central bank maintained its key policy rates at record lows as widely expected on Thursday to lend support to the economy amid the threat from the Omicron variant of the coronavirus disease 2019 (COVID-19). The Bangko Sentral ng Pilipinas […]
UK’s anti-money laundering measures need complete reset, says report
Un-policed and often unenforceable anti-corruption laws have made the UK the global money-laundering capital for a post-Soviet Union elite, severely damaging Britain’s international reputation and the rule of law, the London-based thinktank Chatham House says in a report. The research calls for new measures to constrain what it described as […]
Amazon Web Services outage hits sites and apps like Ring and Ticketmaster
Several Amazon services – including its website, Prime Video and applications that use Amazon Web Services (AWS) – went down for thousands of users on Tuesday. Amazon said the outage was probably due to problems related to application programming interface (API), which is a set of protocols for building and […]
UK businesses aren’t ready for a highly mobile, ‘work from anywhere’ world
More than half of UK businesses in a recent survey confirmed that having the right tools or technologies in place is their biggest challenge when considering long-term ‘work from anywhere’ policies. This is in stark contrast to the nearly 80 percent that plan to maintain remote or hybrid working in […]
£85k limit on bank customers’ protection ‘is enough’, says City watchdog
There should be no increase in the amount of money that customers can get back if their bank, building society or other investment company collapses, the City watchdog has said. The Financial Conduct Authority said it believes the present £85,000 limit is enough to cover the majority of cases. However, […]