New Chia cryptocurrency promises to be greener than Bitcoin, but may drive up hard drive prices

Image via Chia Project/Instagram It has been a big year for cryptocurrency. Bitcoin is worth six times what it was 12 months ago, and the joke currency Dogecoin has seen a hundredfold increase in price. A boom in “non-fungible tokens”, or NFTs — tradable tokens based on the same technology as cryptocurrency — is transforming […]

4TH GAIN Convention to tackle employment skills gaps and advocate global competitiveness

True to its mission of addressing employment skills gaps and setting the competencies and standards to make Filipinos more globally employable and competitive, the Government-Academe-Industry Network (GAIN) will host the 4th GAIN National Convention on May 27 and 28, 2021 via Zoom platform. The event brings together key decision makers from the public and private […]

Strategic clarity on Taiwan policy carries ‘significant downsides’ — US

REUTERS WASHINGTON — The US policy coordinator for the Indo-Pacific on Tuesday appeared to reject calls for the United States to make a clear statement of its willingness to defend Taiwan in the event of a Chinese attack, saying there were “significant downsides” to such an approach. Kurt Campbell told a discussion hosted by the […]

Boeing faces new hurdle in 737 MAX electrical grounding issue — sources

REUTERS SEATTLE/WASHINGTON/CHICAGO — US air safety officials have asked Boeing Co. to supply fresh analysis and documentation showing numerous 737 MAX subsystems would not be affected by electrical grounding issues first flagged in three areas of the jet in April, two people familiar with the matter told Reuters. The extra analysis injects new uncertainty over […]

COVID-19 vaccine patents dominate global trade talks

BRUSSELS — World Trade Organization (WTO) members will assess on Wednesday signs of progress in talks on a proposal by South Africa and India to waive patent rights on coronavirus disease 2019 (COVID-19) vaccines in order to boost supply to developing countries. They want to ease rules of the WTO’s Trade-Related Aspects of Intellectual Property […]

Philippines clears Moderna COVID-19 vaccine for emergency use

The Philippines has approved Moderna Inc.’s coronavirus vaccine for emergency use, Food and Drug Administration head Eric Domingo said Wednesday. The benefits of using Moderna’s shots to prevent COVID-19 outweigh known and potential risks, Domingo said at a virtual briefing. Moderna recently signed a deal with the Philippine government and private sector to supply 20 […]

Inflation steadies in April

Photo by Michael Varcas, The Philippine Star INFLATION sustained its pace in April from the preceding month even as core inflation eased to a five-month low, the government reported this morning Preliminary data from the Philippine Statistics Authority showed the consumer price index rose 4.5% year on year last month, unchanged from March, but faster […]

Sun Life remains no. 1 in life insurance sector

Sun Life of Canada (Philippines), Inc., (Sun Life) retains the number one spot as the country’s premier life insurance company in the Philippines. According to the latest report from the Insurance Commission (IC), Sun Life posted a premium income of PhP39.27 Billion. This is the 10th consecutive year that Sun Life has maintained its leadership […]

Samsung windfall gives richest Korean woman $7B fortune

REUTERS Hong Ra-hee, the wife of the late Samsung Group Chairman Lee Kun-hee, boosted her fortune to more than $7 billion after receiving billions of dollars in stocks in the much-awaited transfer of her husband’s assets. Hong, 75, inherited about 83 million shares in Samsung Electronics Co., making her the largest individual shareholder in the […]

Hong Kong leader flags ‘fake news’ laws as worries over media freedom grow

HONG KONG – Hong Kong leader Carrie Lam said on Tuesday the government was working on “fake news” legislation to tackle “misinformation, hatred and lies,” as worries grow over media freedoms in the global financial hub. Under Beijing’s directions, Hong Kong has taken a swift authoritarian turn following the imposition of a sweeping national security […]