Business

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WASHINGTON, D.C.: Coca-Cola is launching a campaign to collect and recycle 100 percent of its packaging by 2030, part of a drive to reduce consumer waste globally, the company announced Friday. The Georgia-based company, which markets more than 500 brands of sodas, juices, water and teas, said it also is…

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PROPERTY giant Megaworld Corp. said its Maple Grove Commercial District development in General Trias, Cavite generated P7 billion in sales just 45 days after the official launch. Megaworld said in a statement over the weekend that Maple Grove Commercial District was now 80 percent sold with 250 commercial prime lots…

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PARIS: The rebound of global growth is sounding the death knell for easy money, so debt markets should see the backs of central banks in 2018, although a gradual withdrawal should help avoid a new tantrum sending interest rates spiking. The colossal sums that central banks injected into the financial…

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WASHINGTON: China and Russia have shown no intention of living up to World Trade Organization rules and Washington should not have supported their membership in the global trade body, the Trump administration said Friday. In strongly worded reports to Congress, the US Trade Representative delivered a laundry list of grievances…

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BEIJING: For years China was the world’s top destination for recyclable trash, but a ban on certain imports has left nations scrambling to find new dumping grounds for growing piles of garbage. The decision was announced in July and came into force on January 1, giving companies from Europe to…

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DANDONG: Rows of sewing machines in one Chinese garment factory on the border with North Korea are now silent, unmanned after UN sanctions sent home their seamstresses from the secretive country. Factory owners, merchants and shop owners in the border city of Dandong — China’s main trading hub with neighbouring…

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MADRID: Chinese and Russian visitors boosted Middle Eastern tourism last year following a 2016 slump as Europeans gave the area a wide berth on security fears, according to the World Tourism Organization (WTO). The Mideast region as a whole drew 58 million foreign tourists in 2017 — a 4.8 percent…

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DETROIT: The new aero kit that will be used starting from this year’s IndyCar series has gotten manufacturing rivals Chevrolet and Honda intensively preparing for this year’s competition. Early testing of the car with the new aero kit mounted on a universal chassis from Dallara revealed a race car with…

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The government made a successful return to the international capital markets via 10-year global bond issue, the Finance department claimed on Friday, incurring lower interest costs compared to a similar exercise last year. “The strong support … received in the international capital markets is a testament to the deepening investor…

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State-run Land Bank of the Philippines (LBP) wants to buy over 60 percent of Philippine Dealing System (PDS), documents obtained by reporters showed. “The undersigned recommends to the board the acquisition by Land Bank of the Philippines of a majority stake or at least 66.67 percent of the Philippine Dealing…