Editor’s Pick

Global finance system partly to blame for inequality – World Bank’s Malpass

WASHINGTON – World Bank President David Malpass on Monday said fiscal and monetary policies were operating in “uncharted territory” since the start of the COVID-19 pandemic and may be contributing to a sharp rise in global inequality and poverty. Malpass told a roundtable hosted by Chinese Premier Li Keqiang the …

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U.S. financial regulators investigate Trump social media deal

Wall Street’s top financial regulators are investigating former U.S. President Donald Trump‘s $1.25 billion deal to float his new social media venture on the stock market, a filing showed. Digital World Acquisition Corp, the blank-check acquisition firm that agreed to merge with Trump Media & Technology Group Corp (TMTG), disclosed …

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Biden to warn Putin of economic consequences of Ukraine invasion, says official

WASHINGTON – U.S. President Joe Biden will warn Russian President Vladimir Putin of severe economic consequences should Russia go ahead with an invasion of Ukraine, a senior U.S. administration official said on Monday. Biden and Putin are to hold a video call on Tuesday as the United States tries to …

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Is foam rolling effective for muscle pain and flexibility? The science isn’t so sure

By Ken Nosaka Many physically active people get muscle pain after exercise, known as “delayed onset muscle soreness” or DOMS. Foam rolling has emerged as a popular means of alleviating delayed onset muscle soreness and stiff muscles. You’re likely to find foam rollers in any gym, or you may have …

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Job quality worsens in October despite reduced unemployment

THE LATEST labor data in October showed a mixed picture as the ranks of Filipinos who are jobless and looking for work declined, while those that are already employed but wanting more work increased compared with the previous month. The preliminary report of the Philippine Statistics Authority’s (PSA) October …

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Global oil CEOs stress need for fossil fuels despite push for cleaner energy

HOUSTON – A global energy conference devoted to future technologies and low-carbon strategies kicked off in Houston on Monday with top executives from energy companies affirming the need for more oil for decades to come. The World Petroleum Conference’s four days of discussion started with chief executives from global giants …

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A solid investment every ‘Southerner’ should have

One of the main reasons why Filipinos abroad work hard is to provide a good life for their families back home. For several years, they save up to invest for their future and at the same time explore various income-earning opportunities. A real estate investment is highly recommended for overseas …

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INFLATION EASES TO FOUR-MONTH LOW IN NOVEMBER

Inflation eased for the third straight month in November to its lowest level in four months but continues to be above the government’s forecast for the year. Philippine Statistics Authority (PSA) data released earlier this morning showed headline inflation at 4.2% in November – the lowest since July’s 4%. …

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A pioneering leader in car rentals

For over four decades, Diamond Rent-a-Car readily meets corporate, individual transport needs In 1978, Diamond Rent-a-Car was founded with only one car to serve a single client. Now, after more than 40 years since being one of the industry pioneers, Diamond Rent-a-Car has expanded and kept its lead in providing …

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Fitch eyes banking recovery next year; excess cash may fuel credit

FREEPIK THE PHILIPPINE BANKING INDUSTRY, which has not been spared from the global pandemic, is expected to recover moderately next year amid improving loan growth and as bad debts decline, Fitch Ratings said on Monday. “Loan growth is likely to accelerate with the resumption of business and consumer spending, buoying …

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