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EXPLAINER: What can delay package #1 of P17-B BRT project, set for December 2021. Final route disclosed. VM Rama fumes over change to mixed traffic on Bulacao-to-Mambaling stretch.


May 13, 2021
AT A GLANCE. Disclosed at the Wednesday, May 12, regular session of the Cebu City Council, which looked into the status of the Cebu Bus Rapid Transit Project (BRT):
[1] Norvin Ymbong, deputy project manager for systems and stakeholders relations of the Department of Transportation (DOTr), said the first part, called Package 1, spanning about 2.38 kilometers of dedicated lane with four bus stations from the Cebu South Bus Terminal (CSBT) along Natalio Bacalso Ave. to the Capitol area, along Osmeña Blvd. will be operational in December this year. The original target was October 2016 but it has been reset three times already (December 2017, January 2020 and December 2021). ....

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Luton election results paint a mixed picture


Luton election results paint a mixed picture
Top Story
May 9, 2021
LUTON: Local elections in Luton have painted a mixed picture. The mixed results come on a bad polling performance for Labour as it retained one seat but lost one to the Liberal Democrats.
Labour’s Umme Ali won the High Town Ward seat with 717 votes. Conservative candidate Shakaina Khan received 327 votes. Other candidates were Green Party’s Lyn Bliss, Lib Dems’ Nigel John Marshall and Communist Party of Britain’s Markus Keaney. The turnout was about 23 per cent of a total electorate of 6,531 with 1,484 total verified votes being cast.
The seat was left vacant since the resignation of councillor Rachel Hopkins, who had become Labour MP for Luton South in 2019. A by-election was due to take place in May 2020 but was postponed due to the coronavirus. ....

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U.S. stocks close mixed amid tech slide


U.S. stocks close mixed amid tech slide
Xinhua
05 May 2021, 07:05 GMT+10
NEW YORK, May 4 (Xinhua) U.S. stocks finished mixed on Tuesday, weighed down by overall weakness in tech names.
The Dow Jones Industrial Average rose 19.80 points, or 0.06 percent, to 34,133.03. The S&P 500 lost 28.00 points, or 0.67 percent, to 4,164.66. The Nasdaq Composite Index fell 261.61 points, or 1.88 percent, to 13,633.50.
Six of the 11 primary S&P 500 sectors ended in red, with technology down 1.89 percent, leading the laggards. Materials climbed 1.04 percent, the best-performing group.
Shares of major U.S. tech giants, or the so-called FAANG group of Facebook, Apple, Amazon, Netflix and Google-parent Alphabet, all slipped. ....

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U.S. dollar mixed as investors hold back ahead of Fed meetin


U.S. dollar mixed as investors hold back ahead of Fed meeting
Reuters | Apr 27, 2021 10:21 PM EDT
A U.S. five dollar note is seen in this illustration photo (Photo : REUTERS/Thomas White/Illustration/File Photo)
The dollar was mixed against major peers on Tuesday, gaining against the yen and commodity currencies, with investors biding time ahead of a policy decision by the Federal Reserve on Wednesday.
The yen, meanwhile, struggled after the Bank of Japan kept monetary policy on hold and projected that inflation will fail to reach its key 2% target through early 2023.
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Trading in currencies was largely subdued ahead of the Fed s two-day meeting, which ends on Wednesday, when no change to policy is expected. ....

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