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AN ADB REPORT THE ECONOMIC COST OF A PANDEMIC

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Not long after people in the Republic of Korea began falling ill from Middle East Respiratory Syndrome coronavirus (MERS CoV), a team from the World Health Organization (WHO) and the country’s Ministry of Health and Welfare were dispatched to the scene to assess the situation and formulate a strategy. The…

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BUENOS AIRES: With Greece in danger of tumbling into the economic abyss it faces the haunting memory of Argentina in 2001, when the South American country defaulted on nearly $100 billion and was plunged into a crisis it is still battling back from. Like Greece, Argentina had been living beyond…

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NEW YORK CITY: Oil prices fell on Friday (Saturday in Manila) on Greek crisis jitters and Saudi Arabia’s suggestion it could boost production in an already oversupplied global market. US benchmark West Texas Intermediate for July delivery shed 84 cents to finish at $59.61 a barrel on the New York…

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NEW YORK CITY: The euro held onto most of its post-Fed gains on Friday (Saturday in Manila), slipping slightly against the dollar and the yen even as worries over Greece surged going into the weekend. Late Friday the common currency was at $1.1349, down from $1.1371 late Thursday but still…


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WASHINGTON, D.C.: Apple is diving deeper into the news business with a new application that could make the US tech giant a key industry player. Apple News, part of the upcoming iOS 9 operating system, aims to be the primary news source for users of the iPhone and iPad—likely at…

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NEW YORK CITY: US stocks eased from the week’s highs on Friday as traders became cautious ahead of a fraught-filled weekend for Greece and the eurozone. Giving up more than half of Thursday’s gains, the Dow Jones Industrial Average lost 101.56 points (0.56 percent) at 18,014.28, and the broad-based S&P…

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MOGADISHU: Three of the 15-man crew of a merchant vessel that sank last week while being held by Somali pirates are alive, their families said on Saturday. The Malaysian-flagged MV Albedo container ship sank in rough seas a short distance offshore from the pirate-held town of Hobyo, on central Somalia’s…

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BRETIGNY-SUR-ORGE, France: Rescue workers searched for survivors early Saturday, hours after a high-speed train derailed just south of Paris, killing at least six people and injuring 30 more. The accident, in which the train crashed into a station platform on Friday afternoon, is France’s worst rail disaster in 25 years.…

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LOS ANGELES: A third girl died Friday of injuries sustained in the Asiana jet crash in San Francisco, as authorities confirmed that a firetruck ran over one of the other victims. Two female Chinese teenagers died on July 6 when Asiana Airlines Flight 214 crashed while landing at San Francisco…

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MEDAN: Indonesian police on Friday hunted for around 100 inmates, including militants, who escaped from an overcrowded jail after setting the prison ablaze in riots that left five dead. The inmates began rampaging through the jail in Medan City on Sumatra island on Thursday afternoon, setting fires and hurling bottles…

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OTTAWA: Canada’s main opposition party called on Thursday (Friday in Manila) for tougher rail-industry regulations after a weekend derailment and explosion in a small Quebec town left 50 people dead or missing. The New Democratic Party notably pressed Prime Minister Stephen Harper’s Conservative government to set a deadline for phasing…

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ABU DHABI: Health authorities in the United Arab Emirates have announced that an 82-year-old man has been diagnosed with the Middle East Respiratory Syndrome (MERS) coronavirus infection, the first case to be recorded in the Gulf state. The Emirati citizen who contracted the Severe Acute Respiratory Syndrome (SARS)-like virus suffers…

Today's Breaking News

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TOMOHON, N Sulawesi: Dozens of people are believed to have been buried by a landslide in North Sulawesi on Wednesday. They sought shelter from the heavy rains at a house located on the section of the Tomohon-Manado Road when the landslide buried the house, a source stated. “The land where…

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BAGUIO CITY: The second lowest temperature felt in this city this year made young children bundle up during Thursday’s early morning classes in this educational center north of Manila. The city recorded 10 degrees Celsius Thursday, the second lowest this year, which is up from the normal minimum temperature of…

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Business executives in the country remain optimistic in the local business climate, according to the latest result of Social Weather Station (SWS) Survey of Enterprises on Corruption. The survey is based on interviews among 951 companies; a mix from large enterprises and small and medium enterprises (SMEs). Bulk of the…

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VIENNA: International Atomic Energy Agency (IAEA) Secretary-General Yukiya Amano will convene a meeting of the Board of Governors on January 24 to discuss a nuclear verification programme for Iran. “I have received a request from Iran and the E3/EU+3 that the Agency conducts monitoring and verification of nuclear-related measures in…