MANILA: Philippine National Police (PNP) Chief Gen. Guillermo Eleazar apologized to the public on Wednesday, two days after a video of a drunk police officer shooting a 52-year-old woman in the neck went viral on social media, resulting in widespread anger. Many people took to Twitter to condemn the incident, with #PoliceAreTheTerrorists among the social media site’s top
The proper functioning of any interconnected economic system depends on trust. And a global system that has been designed by advanced economies requires a significant level of buy-in from the developing world. Both become even more important as more developing economies, led by China, gain systemic importance. With the world trying to recover from the massive economic shock
Oil Builds On Gains As Recovery Picks Up, Equities Rise
06/02/21 AT 12:05 PM
Oil prices extended their rally Wednesday on growing expectations for demand as the global economy recovers, while equities rose in Europe and the United States.
While some countries are still struggling with the coronavirus, the general mood among dealers is upbeat with the global economy rebounding sufficiently strongly as vaccines are rolled out and parts of the planet slowly return to a semblance of normality.
And one of the biggest beneficiaries of that is the crude market, with demand for the commodity picking up as people begin travelling again and factories restart.
Huge fire breaks out at oil refinery in southern Iran June 02, 2021 A huge fire has engulfed an oil refinery situated in the southern part of the Iranian capital Tehran, Iran s semi-official news agency Tasnim reported. Courtesy photo
TEHRAN A huge fire has engulfed an oil refinery situated in the southern part of the Iranian capital Tehran, Iran s semi-official news agency Tasnim reported.
According to local media reports, there were so far no casualties.
All operations were suspended at the Tondguyan refinery as firefighters tried to put out the fire, local media said. A leak at a liquid gas pipeline at the facility sparked the fire, Mansour Darajati, the head of Tehran s crisis management organization, told state TV.
ANKARA: The Turkish lira again slumped to a fresh low early on Wednesday, losing 0.6 percent of its value and hitting a low of 8.88 lira to the US dollar after President Recep Tayyip Erdogan announced his willingness to cut interest rates June 1. The drop is alarming in a country that already faces significant financial stress due in part to the coronavirus pandemic, with the