Bitcoin’s fortunes are getting better as it is expected to keep rising after reaching a record-high $52,749. AFP PHOTOBitcoin's price has soared by more than 20 percent this month and more than tripled since January last year. Bankruptcies of several sector giants, especially the cryptocurrency exchange platform FTX, previously undermined investor confidence and caused Bitcoin's price to collapse over a year ago. Prior to this, and anxious to recover their stake when Bitcoin's price dropped, some investors made massive withdrawals from the Grayscale Bitcoin Trust EFT, which had accumulated more than $28 billion in assets. Bitcoin's creator Satoshi Nakamoto has limited the maximum number of bitcoins to 21 million.
February 17, 2024 04:15 UTC
MOSCOW – Russia’s most prominent opposition leader Alexei Navalny collapsed and died on Friday after a walk at the “Polar Wolf” Arctic penal colony where he was serving a long jail term, the Russian prison service said. “All necessary resuscitation measures were carried out, which did not yield positive results,” the prison service said, adding that causes of death were being established. “Russian authorities publish a confession that they killed Alexei Navalny in prison,” Navalny aide Leonid Volkov wrote on social media. “My sincere belief is that it was the conditions of detention that led to Navalny’s death,” Russian newspaper editor and Nobel Peace Prize laureate Dmitry Muratov told Reuters. Navalny long forecast Russia could face seismic political turmoil, including revolution, because he said Putin built a brittle system of personal rule reliant on sycophancy and corruption.
Source:Philippine Daily Inquirer
February 17, 2024 03:36 UTC
NEW DELHI: Farmers blocked highways and held demonstrations in rural areas of northern India on Friday to demand for legislation that would guarantee minimum support prices for all farm produce. PROTESTING FARMERS Members of Center of India Trade Unions (CITU) shout slogans in support of a countrywide rural strike called by farmers in Jammu, India, on Friday, Feb. 16, 2024. AP photoThe farmers are camping on the border between Punjab and Haryana after being blocked by concrete and metal barricades. The protesting farmers are mostly from Punjab and Haryana and are relatively better-off than farmers in other Indian states. Farmers said a guaranteed minimum support price for other crops would stabilize their incomes.
February 17, 2024 00:15 UTC
A Philippine Coast Guard vessel.Photographer: Jes Aznar/Getty ImagesThe Philippines said it will respond to any “dangerous” maneuvers by China in a disputed South China Sea shoal, where Manila has started rotating vessels this month amid heightened tensions with Beijing. His statement was shared on X by Coast Guard spokesman Jay Tarriela. Beijing claims nearly all of the South China Sea, a vital trade route, including areas Manila says are part of its territory. Tensions between China and the Philippines have flared in the past months, with their vessels clashing in the disputed sea. Marcos’s administration has asserted maritime claims and protested China’s actions, while strengthening defense ties with the US.
February 16, 2024 21:35 UTC
THE highly anticipated Thailand Week is set to showcase the best of Thai merchandise at the Glorietta Activity Center in Makati City from Feb. 29 to March 3, 2024. Organized by the Department of International Trade Promotion (DITP) and Ministry of Commerce in Thailand through the Thai Trade Center in Manila, this annual event is the biggest trade show of Thai products in the Philippines, consistently bringing high-quality Thai products to the forefront for over a decade. Thailand Week 2024 is set to take place at Glorietta Activity Center from Feb. 29 to March 3, 2024. Under the theme "Discover excellence, trade with Thailand," the fair continues its tradition of highlighting the superior quality of Thai products. Over 80 companies, including Thai exporters and Philippine importers with Thai products, will participate in Thailand Week 2024.
February 16, 2024 18:34 UTC
Sulu residents led cops to lair of woman tagged as 'terrorist'Myrna Ajilul Mabanza did not resist arrest when policemen and soldiers arrived at her hideout and served her the warrants for her arrest. COTABATO CITY — The support of Muslim clerics in Sulu helped government operatives arrest the most wanted terrorist in the Bangsamoro region, linked to transnational terror groups. She was arrested Barangay Pasil in Indanan town in the province on Thursday. More than 500 Abu Sayyaf members in Sulu had surrendered in batches via local government units in the province since 2016, all reintegrated into mainstream society. “To all the civilians who helped work out the arrest of Mabanza, we are thankful,” Galido told reporters on Friday morning via text message.
February 16, 2024 17:46 UTC
MANILA, Philippines — A group that monitors sexual harassment cases in schools has called on the Department of Education to establish concrete anti-retaliation policies to protect victims when they file complaints against school authorities, including their teachers accused of sexual misconduct. New demands were drawn up during the gathering, which had “galvanized” student leaders from different schools to take action on the continued rise in sexual harassment cases in their own campuses, Enough is Enough (EIE) said in a statement. Based on its monitoring, EIE has recorded at least 61 incidents of campus sexual misconduct that have taken place. But “multiple cases … have either been dropped or remain unresolved” while several accused remain unpunished, the group said. Last year, EIE reiterated its call for DepEd to ensure that it takes action on all those accused of sexual harassment in schools, noting that fear of reprisal or humiliation has prevented several victims from speaking out.
February 16, 2024 17:38 UTC
NEW DELHI: India's main opposition Congress party said Friday that its bank accounts had been frozen by the tax department just weeks before the expected announcement of national elections. "We were told that the accounts of India's main opposition party have been frozen," Congress party spokesman Ajay Maken told a press conference. FROZEN FUNDS Congress party spokesman Ajay Maken addresses a press conference at All India Congress Committee (AICC) headquarters in New Delhi on Friday, Feb. 16, 2024. "When the principal opposition party's accounts have been frozen just two weeks before the announcement of the national elections, do you think democracy is alive in our country?" Congress party leader Rahul Gandhi, scion of the dynasty that dominated Indian politics for decades, was convicted of criminal libel last year after a complaint by a member of Modi's party.
February 16, 2024 16:28 UTC
February 16, 2024 12:05 UTC
PARIS—Democratic standards across the world fell in 2023 amid the spread of wars, authoritarian crackdowns and declining levels of trust in mainstream political parties, the Economist Intelligence Unit (EIU) said on Thursday. While the number of countries categorized as democracies increased by two last year, the global average index score fell to 5.23 in 2023 from 5.29 the year before, its lowest level since the first study was published in 2006.W. The study said it was the first time that North America has not placed as the world’s highest-scoring region. Your subscription has been successful. Subscribe to our daily newsletter SIGN ME UPThe top three places in the index are occupied by Norway, New Zealand and Iceland, while the final three countries are North Korea, Myanmar and Afghanistan.
Source:Philippine Daily Inquirer
February 16, 2024 11:11 UTC
The Consumer Council earlier tested six commonly used food ordering platforms among Hong Kongers and found that the majority of prices on food ordering platforms were higher than those of takeout. The consumer watchdog tested six ordering platforms, Deliveroo, Foodpanda, KeeTa, KFC, McDelivery, and Pizza Hut. The watchdog found that about 83 to more than 90 percent of food prices are higher than the average takeout price. Only about 9 to nearly 14 percent of food prices were cheaper due to the platform. In comparison, KFC holds 70 percent of the food prices that were more expensive compared to restaurant takeout, and nearly 30 percent of the food prices were lower.
February 16, 2024 06:01 UTC
While interest rates have hit the highest level in more than two decades, a situation ordinarily accompanied by higher unemployment and a consumption pullback, it has not been the case this time. 'Value of talent'Low unemployment, wage growth and hiring have underpinned consumers' willingness to spend. Purchasing powerAmericans are snagging jobs and wage increases, while annual real wage growth has been positive since May 2023, said ZipRecruiter chief economist Julia Pollak. This "allowed corporations to issue debt at very low interest rates," North said, adding that many companies did just that. But the outlook this year remains positive with interest rate cuts on the horizon as inflation has fallen — a development that generally spurs business activity.
February 16, 2024 04:11 UTC
TOKYO: Once forecast to become the world's biggest economy, Japan slipped below Germany last year to fourth place, official data showed on Thursday, although India is projected to leapfrog both later this decade. DEMOTED People commuting to work in the morning cross a pedestrian crossing in Tokyo, Japan, on Thursday, Feb. 15, 2024. Japan’s moved down to being the third-largest economy to fourth after being overtaken by Germany last year. AFP PHOTO DEMOTED People commuting to work in the morning cross a pedestrian crossing in Tokyo, Japan, on Thursday, Feb. 15, 2024. Japan's moved down to being the third-largest economy to fourth after being overtaken by Germany last year.
February 16, 2024 03:43 UTC
The Republican White House frontrunner was widely rebuked after saying he would not defend NATO members who had not met their financial obligations, in his most extreme broadside yet against the military alliance. AFP PHOTOStoltenberg laid out new defense spending estimates, showing the number of states reaching 2 percent of their gross domestic product was expected to jump from 11 in 2023. Overall, though, he said European allies and Canada would have added more than $600 billion to their defense spending since they set the 2-percent goal a decade ago. Spurred on by Russia's invasion of Ukraine in 2022, last year saw an "unprecedented rise" of 11 percent of spending by European members and Canada, Stoltenberg said. But the US still accounts for the vast bulk of combined defense spending by NATO members.
February 15, 2024 21:46 UTC
Gilas buckles down for FIBA Asia Cup Qualifiers campaignMANILA, Philippines – Gilas Pilipinas has started its preparations for the upcoming FIBA Asia Cup Qualifiers. Photos uploaded by the Samahang Basketbol ng Pilipinas (SBP) on Thursday showed the team training at the Inspire Sports Academy Philippines. “The journey starts now for Gilas Pilipinas. Training continues in preparation for their two important matches at the FIBA Asia Cup 2025 Qualifiers 1st Window,” the SBP said in the Facebook post. The team will kick off its campaign against Hong Kong on February 22.
February 15, 2024 21:14 UTC