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DAVOS, Switzerland: The world’s political and business elite gather for their annual meeting in the glitzy Swiss ski resort of Davos from Wednesday, with the shadow of recent attacks in France and ongoing global conflicts looming large. “Both terrorism and geopolitics are likely to cast their shadows on this year’s…

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PARIS: Cheap fuel prices are doping the finances of airlines, but analysts say European giant Air France-KLM may still be forced to make further job cuts to cope with stiff competition and a sluggish economy. Despite the company’s assertions that no decisions have been taken, the leaders of Europe’s second…

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OTTAWA: A Conference Board of Canada report on Tuesday (Wednesday in Manila) forecast a 0.4 percent hit to Canada’s economy from lower oil prices this year as energy investments and royalty payments tumble. As a result, gross domestic product (GDP) is expected to remain at about 2.0 percent— three to…

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TOKYO: The Bank of Japan (BoJ) slashed its inflation outlook as plunging oil prices dent efforts to slay deflation, but policymakers boosted their growth forecasts and said the economy was rebounding. The bank, which held off fresh easing measures after a two-day policy meeting, said inflation for the year starting…


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SINGAPORE: Oil rebounded in Asia on Wednesday as traders bought the commodity at cheaper prices following a slide to near six-year lows, analysts said. US benchmark West Texas Intermediate for March delivery was up 44 cents at $46.91 in afternoon trade. The February contract expired on Tuesday at $46.39, down…

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TOKYO: Toyota sold 10.23 million vehicles last year, it said on Wednesday, outpacing General Motors and Volkswagen to remain the world’s biggest automaker, but a shaky outlook for 2015 could see it lose the title to its German rival. The record worldwide annual sales figure beat Volkswagen, which logged sales…

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ZAMBOANGA CITY: A Philippine court has allowed a captured rebel leader to post bail despite a string of criminal cases, including the kidnappings of an elderly Italian and Irish missioners in the southern region of Mindanao. Police said the court recommended a P24,000 ($558) bail for the temporary freedom of…

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ZAMBOANGA CITY: Hundreds of war refugees have failed to return to their homes in Zamboanga City, a month after street battles between security forces and separatist rebels ravaged their place. The villagers wanted to rebuild what was left in Santa Barbara, scene of three weeks of deadly clashes last month,…

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AFTER suffering delays for almost a year, the Land Transportation Office (LTO) on Wednesday said that it already addressed the backlog on the release of license plates for brand new vehicles and that car owners could expect the immediate release of their plates less than a month after vehicle purchase.…

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ZAMBOANGA CITY: Suspected Abu Sayyaf gunmen seized a hardware store owner in Patikul town in the southern Philippine province of Sulu, police said on Wednesday. Police said Archie Hablo, 29, whose family owns the Sincere Enterprises in Jolo town, was traveling on a motorcycle with his brother Miko late Tuesday,…

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Water released from a dam caused a river to flood in a Malaysian highland region Wednesday, leaving two foreigners dead with another missing and destroying 80 homes. Authorities have recovered the bodies of an Indonesian woman and a Bangladeshi man who drowned when the Bertam River in the Cameron Highlands…

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TAGBILARAN CITY, BOHOL: More than a week after the quake, President Benigno Aquino 3rd will be returning here today to personally check the relief efforts on the ground. Mr. Aquino is expected to arrive in Tagbilaran City airport at around 3:30 this afternoon. He will then proceed to the town…