40,000Last Friday, the Dow closed at 40,000 for the first time. He said that an interest rate hike is unlikely to be the Fed’s next move. The direction of interest rates is either flat or lower. The Dow reached the historic 40,000 last Friday. This is despite the prospect for higher for longer interest rates, the hostilities in the Middle East and political risks that may be ushered in by the upcoming US election.

May 20, 2024 00:55 UTC

KABUL – Tourists wounded in an attack in Afghanistan were declared in stable condition, a hospital said Saturday, as a French national who survived described the horrifying incident. The bodies of those killed were transported to Kabul overnight Friday, along with the wounded and survivors, after bad weather made an airlift impossible. No claim of responsibilityAdvertisement"Overwhelmed by the news of the murder of Spanish tourists in Afghanistan," Prime Minister Pedro Sanchez posted on social media platform X. Spanish diplomats were headed to Afghanistan from Pakistan and Qatar, where the Spanish ambassador to the country is currently based. It has, however, supported a fledgling tourism sector, with more than 5,000 foreign tourists visiting Afghanistan in 2023, according to official figures.

May 19, 2024 16:54 UTC

WATCH: Meet Duffy and Friends in Hong Kong DisneylandThe Castle of Magical Dreams in Hong Kong Disneyland, near the Duffy and Friends Play House where one can meet the popular bear and his friends like LinaBellMANILA, Philippines — In a theme park surrounded by Mickey Mouse, Disney Princesses, Marvel, Star Wars and Pixar, it is the fictional gang of Duffy and Friends that reign supreme in Hong Kong Disneyland. Initially just known as "The Disney Bear," Duffy got his own story in line with the American Waterfront section of Tokyo DisneySea. Fans can interact with Duffy and the gang in Hong Kong Disneyland's Duffy and Friends Play House, starting out in a storybook house with interactives activities before lining up into a miniature maze to meet the character of their choice. ___Editor's note: The trip to Duffy and Friends Play House was hosted by Disneyland and Klook. RELATED: New Marvel daytime, drone shows launched in Hong Kong Disneyland

May 19, 2024 16:36 UTC

Despite rains, extreme heat seen in 36 areas todayThe sunset exudes golden hues as seen from Skyway in Manila on May 5, 2024. MANILA, Philippines — At least 36 areas can still experience “danger” heat index of between 46 and 42 degrees Celsius today, despite the rains being experienced in many areas in the country, according to the two-day forecast of the Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA). The highest heat index could be felt in Dagupan City, Pangasinan as it is projected to reach 46 degrees Celsius, while Bacnotan, La Union and Iloilo City could experience 45 degrees Celsius heat index. PAGASA added that the heat index at the Ninoy Aquino International Airport in Pasay City could reach 44 degrees Celsius, and 42 degrees Celsius at the Science Garden in Quezon City. On Saturday, the highest heat index was recorded in Guiuan, Eastern Samar with 51 degrees Celsius.

May 19, 2024 16:02 UTC

MANILA, Philippines — The Premier Volleyball League is set to hold its first-ever Rookie Draft on July 6, a landmark event designed to bolster team rosters with fresh talent and enhance the league's competitive balance. The initial list of applicants will be announced on June 14, and the draft lottery is set at the end of the application period. "We are hoping for a huge turnout for the inaugural class of the PVL draft. The PVL Rookie Draft Combine, a two-day event prior to the draft, is mandatory for all applicants. AdvertisementThe Rookie Draft Combine is scheduled for June 25-26.

May 19, 2024 13:21 UTC





China's commerce ministry on Sunday said it had launched an anti-dumping investigation into imports of an important engineering chemical from the European Union, the United States, Taiwan and Japan. Beijing said it would probe imports of polyoxymethylene copolymer, a thermoplastic used in everything from phones, car parts, and medical equipment. The investigation will take a year but could be extended by six months, the commerce ministry said. The probe follows a number of similar investigations by the EU into China's subsidies for its industry. Last month, the bloc launched a probe into China's medical devices market over alleged unfair procurement practices.

May 19, 2024 10:17 UTC

TACLOBAN CITY, LEYTE, Philippines — A nongovernmental organization (NGO) working for depressed communities in Eastern Visayas has expressed outrage over the decision of the Anti-Money Laundering Council (AMLC) to freeze its bank account and that of its staff members and suppliers. ADVERTISEMENT“We were shocked by AMLC freezing our organizational bank accounts, including my personal account as well as (that of) my son and my daughter-in-law who are not even members of the LCDe,” she said at a press conference on May 16. READ: AMLC freezes bank accounts of red-tagged farmers’ groupAccording to Jerusalem, they learned about the freezing only on May 2 when they went to a bank in Tacloban to withdraw some money to buy essentials. “According to the bank manager, they received a copy of the order of AMLC freezing our accounts just three hours after we arrived at the bank,” she said. LCDe’s organizational bank account, she said, contained donations amounting to more than P2 million and coming from foreign donors in Japan, South Korea, Belgium, Germany, the United Kingdom and the United States.

May 19, 2024 02:02 UTC

AFPPhilippe Lazzarini of the UN agency for Palestinian refugees said that since Israel's Rafah operation began, there had been a massive movement of people. AdvertisementMore than 10 days into what the army called a "limited" Rafah operation that sparked the exodus, fighting has also flared again in northern Gaza. With key land crossings closed or operating at limited capacity because of the fighting, some aid began entering Gaza via a temporary US-built floating pier. The Rafah crossing, a vital conduit for humanitarian aid, has been closed since Israel launched its operation in the city. The World Health Organization has received no medical supplies in Gaza since the Rafah operation began, spokesman Tarik Jasarevic said Friday.

May 19, 2024 01:53 UTC

Our nomadic lifeEvery Tuesday, our virtual, pre-prayer conversations with my multi-cultural friends revolve around the weather, faith, home or our wanderings. Discovering the unknown, of what our host country offers, is one of the most rewarding facets of the nomadic life. Had we not lived in Beijing we would not have discovered that the kilometric expanse of the Great Wall of China goes beyond the touristy Great Wall of Badaling. This magnificent wonder extends to the breathtaking Great Wall By the Sea, the Great Wall of Mutianyu, which is prettiest in autumn, and our family favorite, the Jinshanling Great Wall, where we hiked sections of its unrestored parts. As AI takes over, this also signals another interesting phase in our nomadic life.

May 18, 2024 21:59 UTC

Marcos targets '10-fold increase' in tourist arrivals for PhilippinesThis photo taken on December 12, 2023 shows tourists paddling their kayaks while others take photos inside the Big Lagoon in El Nido town, Palawan province. MANILA, Philippines — The administration of President Ferdinand Marcos Jr. plans on increasing the country's tourist arrivals by 10-fold as the Philippines aims to become the region's next "tourism behemoth." "Our ambition is [then] was one million tourists. One million tourists can come back. In line with this data, the DOT earlier set a baseline target of 7.7 million arrivals this year for the Philippines.

May 18, 2024 21:08 UTC

Hong Kong will allow mainland China’s pilot digital currency to be used in shops in the city, the head of its de facto central bank said on Friday, marking a step forward for Beijing’s efforts to internationalize the yuan amid rising geopolitical tensions. The programme, backed by Beijing, will allow mainland Chinese and Hong Kong residents to open digital yuan wallets via a mobile app developed by China’s central bank and will permit them to make payments in retail shops and some online stores in Hong Kong and in mainland China. Each wallet used in the city will be subject to a balance limit of 10,000 yuan, with single transactions and daily payments capped at 2,000 yuan and 5,000 yuan, respectively, officials from the Hong Kong Monetary Authority said. Currently, users of other digital yuan wallets such as those operated by Ant Group and Tencent can make payments in the city. Industrial and Commercial Bank of China, Bank of China Ltd, China Construction Bank Corp and Bank of Communications Co have been selected as e-CNY wallet operators.

May 18, 2024 17:09 UTC

Wu called on democracies to align in countering Russia and China's military assertiveness in Europe, the South China Sea and beyond. China threatens to invade Taiwan, a self-ruled, democratic island that it claims as its own territory. "[China] wants the international community to focus on the Taiwan Strait and forget about China's actions in different parts of the world," Wu said. Wu said joint military drills between China and Russia in the region raised tensions in Japan and other neighboring countries. "We don't provoke the other side of the Taiwan Strait, and we don't bow to the pressure," Wu said.

May 18, 2024 16:36 UTC

Tang Renjian, the head of China's Ministry of Agriculture and Rural Affairs, is "suspected of serious violations of discipline and law", state broadcaster CCTV said. Xi has overseen a sweeping drive to abolish deep-rooted official corruption since coming to power a decade ago. Supporters say the campaign promotes clean governance, but critics say it also provides Xi with the power to purge political rivals. In 2022, then minister of industry and information technology Xiao Yaqing was placed under investigation for corruption. Last month Liu Liange, chairman of the Bank of China from 2019 to 2023, admitted to "accepting bribes and illegally providing loans".

May 18, 2024 16:06 UTC

Long COVID: My ordealLong COVID is real. The next day I went into respiratory shock and 2D echo showed that my heart had 20 percent function. After 17 days, we asked to be transferred to the Philippine Heart Center, since it was closer to home and my heart was the center of the illness. There, we finally found out what had struck me down: Long COVID. Apparently, once you’ve had COVID, it may quietly go to work on your body, and viruses love the heart.

May 18, 2024 03:59 UTC

First, plan ahead, way ahead. Even with practice, however, the Camino is a walk of life. It is a walk where your focus turns to Nature and just finishing the walk for the day. Some walk 20-25 kilometers a day to finish 100 kilometers in 4-5 days. All along the way, people greet you with “Hola!” to which you return “Hola” or “Buen Camino” – to every stranger, every group who are walking and may walk past you or just walk behind you.

May 18, 2024 03:59 UTC