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FRANKFURT: The European Central Bank (ECB) on Monday is set to begin its long-awaited 1.1 trillion euro ($1.2 trillion) quantitative easing program to stimulate growth and ward off deflation across the eurozone. The program calls for the eurozone central bank to buy around 60 billion euros of public and private…

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LONDON: The euro dived on Monday to a new 11.5-year low against the dollar as the European Central Bank (ECB) kicked off its radical 1.1-trillion-euro ($1.2-trillion) bond-buying program, known as quantitative easing. Sentiment was also weighed down by concerns over Greece, with Athens due to present its reform plans to…

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TOKYO: Japan’s economy grew less than initially thought in the final quarter of 2014, revised government data showed on Monday, revealing an even weaker emergence from recession than previously believed. The poor data could put the Bank of Japan under pressure to launch more stimulus, economists said, as the world’s…

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SINGAPORE: Oil prices fell in Asia on Monday, pressed by a stronger US dollar and ongoing concern about swelling US inventories that are adding to a global supply glut, analysts said. US benchmark West Texas Intermediate (WTI) dipped 11 cents to $49.50 a barrel while Brent shed 33 cents to…


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HONG KONG: Asian markets mostly retreated Monday after a strong US jobs report increased expectations the Federal Reserve will hike interest rates soon, while Tokyo took a hit from data showing Japan’s economy grew slower than first thought in the last quarter of 2014. The euro struggled at 12-year lows…

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IN a seminar presented at the University of Asia and the Pacific last week, officials from local government units were told they may soon receive a P600-billion windfall in overdue Internal Revenue Allotment (IRA) payments from the national government, if the Supreme Court rules favorably in a suit brought by…

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HONG KONG: A Hong Kong court on Friday sentenced feng shui master Tony Chan who claimed to be the lover of late billionaire Nina Wang to 12 years in jail after finding him guilty of forging her will. Chan lost a legal battle in 2010 to claim the estimated $13…

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ROME: Francesco Schettino, captain of the ill-fated Costa Concordia cruise ship will go on trial in Italy on Tuesday, facing manslaughter charges over the liner’s tragic sinking which cost 32 lives. The courtroom drama could involve up to 450 witnesses and 250 plaintiffs, although the actual start of deliberations may…

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PARIS: The new MERS coronavirus that has claimed dozens of lives in the Middle East does not yet have the ability to trigger a pandemic, but vigilance is needed in case it mutates, French scientists said on Friday. “Our analysis suggests that MERS-CoV does not yet have pandemic potential,” they…

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TOKYO: The boss of Fukushima operator Tokyo Electric Power Company (Tepco) on Friday met local leaders to ask for their blessing to restart the world’s biggest nuclear plant after a public tongue-lashing for bypassing them this week. Tepco said on Tuesday it would ask Japan’s nuclear watchdog for the green…

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LAPAZ: Bolivian President Evo Morales denounced European countries as lackeys of America, arriving home on Wednesday (Thursday in Manila) on a journey interrupted after suspicions United States (US) intelligence leaker Edward Snowden was traveling with him. His plane touched down near La Paz almost 17 hours after leaving Vienna. It…

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GENEVA: The 21st century’s first decade was the hottest on record, with temperatures rising at an unprecedented pace and weather extremes claiming over 370,000 lives, the United Nations (UN) said on Wednesday. In a new report on 2001-2010, the World Meteorological Organization (WMO) said that land and sea temperatures averaged…

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ZAMBOANGA CITY: Police launched a manhunt against a man who stabbed his drinking buddy and his partner after a heated argument in the town of Sindangan in Zamboanga del Norte province in southern Philippines. Police said Marciano Maglangit III was accused of stabbing Luciano Ansanal, 44, and Susan Agas, 34,…

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The Department of Foreign Affairs maintained its advice against non-essential travel to Thailand despite the temporary easing of violent protests there against Thai Prime Minister Yingluck Shinawatra. Raul Hernandez, Foreign Affairs spokesman, said in a text message that their level of advice has not changed. He earlier called on Filipinos…

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The US military on Tuesday suspended shipments of equipment out of Afghanistan through Pakistan, citing protests that posed a risk to truck drivers, officials said. The move came after club-wielding activists in northwest Pakistan forcibly searched trucks for NATO supplies in protest over US drone strikes in the tribal belt.…

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The “comprehensive and immediate response” of the United States government in the humanitarian and emergency needs of the victims of Typhoon Yolanda highlighted the “areas of cooperation” that are included in the framework agreement for increased rotational presence, Foreign Affairs Secretary Albert del Rosario said. During his speech at the…

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KIDAPAWAN CITY: An election officer was shot to death on Monday by unidentified gunmen while he was heading to Matalam town of North Cotabato, authority said. Senior Inspector Elias Coloma, chief of Matalam police, identified the victim as Ted Monteverde Cespon, 56. Cespon was gunned down in Barangay Manubuan in…