May 17, 2022
Filinvest Land residential business grows 9% in Q1 2022
Filinvest Land, Inc. (FLI), one of the country’s largest real estate developers, reported P4.31 billion in revenues and other income for the first quarter of 2022. It posted P2.69 billion of residential revenues which is a 9% growth compared to the same period last year. The growth in residential revenues was due to continued construction […]
May 17, 2022
Tesco to pay out more to pig farmers as industry warns of ‘critical’ situation
Tesco is to hand pig farmers £6.6m in additional support, taking the total to £10m, after warnings that a slew of producers could go out of business. The UK’s biggest supermarket said farmers would get £6.6m until August on top of £3.4m handed out since March under an “accelerated and enhanced payment plan”, after being […]
May 17, 2022
Musk could seek lower price for Twitter as he focuses on fake accounts
Elon Musk has suggested that he could seek to pay a lower price for Twitter, as the social media company’s would-be owner expressed further concerns about the presence of fake accounts on the platform. The Tesla CEO said reducing his agreed $54.20 per share offer wouldn’t be “out of the question”, days after putting the […]
May 17, 2022
Retailers demand changes to apprenticeship levy
Tens of thousands of apprenticeships could be created and hundreds of millions of pounds saved if the flawed apprenticeships levy were reformed, according to a survey of members by the British Retail Consortium. Five years on from the levy’s introduction, 26 national retailers have told the business lobby group that they could each create about […]
May 17, 2022
California church shooter upset over Taiwan-China tensions -police
The man accused of killing a doctor and wounding five other people in a shooting at a Taiwanese-American church banquet in California methodically planned the attack because he was upset over Chinese-Taiwanese tensions, authorities said on Monday. The suspect, David Chou, 68, chained the doors and placed glue in the locks at Geneva Presbyterian Church in Laguna Woods, California, about 45 miles (72 km) southeast of Los […]
May 17, 2022
Don’t ask for pay rise, Bank of England governor tells high earners
Workers should “think and reflect” on whether to ask for pay rises because they risk fuelling inflation, the governor of the Bank of England has said. Speaking at the treasury select committee, Andrew Bailey said there was a “societal question” about whether people should be pushing for pay rises.
Bailey, who earns £575,000 a […]
May 17, 2022
Martin Lewis accuses Ofgem of ‘selling consumers down the river’
Ofgem has come under fire for extending rules that will effectively prevent energy suppliers from offering deals that are significantly cheaper than the price cap if wholesale costs fall. Martin Lewis, of MoneySavingExpert, said that the changes “sell consumers down the river” and were “killing hopes of firms launching cheaper deals”.
Citizens Advice, the […]
May 17, 2022
Britons work from home while Europe goes back to the office
Working from home is more popular in Britain than in continental Europe and North America, with commuting journeys down by more than a fifth since pandemic restrictions were eased. Figures from Google’s Mobility Report show that journeys to work were 22 per cent lower last Thursday, the busiest day of the week for commuting, relative […]
May 17, 2022
China’s COVID controls will impact foreign investment for years – US lobby
STOCK IMAGE | FREEPIK SHENZHEN, China – China’s strict COVID-19 controls will hamper foreign investment into the country for years to come as limits on travel block the pipeline for projects, the President of the American Chamber of Commerce warned on Tuesday. There are few signs that American companies are leaving the China market, but the years-long process of research and due diligence for projects has been […]
May 17, 2022
Musk suggests that he could seek to cut price for Twitter buy
STOCK IMAGE | SYIFA5610-FREEPIK Elon Musk suggested on Monday that he could seek a lower price for Twitter Inc TWTR.N, saying that there could be at least four times more fake accounts than what the company has said. “You can’t pay the same price for something that is much worse than they claimed,” he said […]
May 17, 2022
Ukrainian troops evacuate from Mariupol, ceding control to Russia
Courtesy of Doctors Without Borders (Médecins Sans Frontières or MSF) KYIV/NOVOAZOVSK, Ukraine – Ukraine’s military said on Tuesday it was working to evacuate all remaining troops from their last stronghold in the besieged port of Mariupol, ceding control of the city to Russia after months of bombardment. The evacuation of hundreds of fighters, many wounded, to Russian-held towns, likely marked the end of the longest and bloodiest battle of […]
May 17, 2022
Iraq balks at greater Chinese control of its oilfields
STOCK PHOTO | ZBYNEK BURIVAL-UNSPLASH LONDON/BASRA – Iraq‘s oil ministry thwarted three prospective deals last year that would have handed Chinese firms more control over its oilfields and led to an exodus of international oil majors that Baghdad wants to invest in its creaking economy. Since the start of 2021, plans by Russia’s Lukoil LKOH.MM and U.S. oil major Exxon Mobil XOM.N to sell stakes in major fields to Chinese state-backed firms […]