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China plans to further occupy South China Sea 'features': Philippines


The Philippines defence chief Delfin Lorenzana on Sunday said the continued presence of Chinese maritime militias around the Whitsun Reef reveals their intent to further occupy features in the West Philippine Sea.
This comes as Lorenzana has repeated calls for the Chinese boats to leave Whitsun Reef (Julian Felipe Reef), located within its exclusive economic zone in the South China Sea.
The continued presence of Chinese maritime militias in the area reveals their intent to further occupy features in the West Philippine Sea. They have done this before at Panatag Shoal or Bajo de Masinloc and at Panganiban Reef brazenly violating Philippine sovereignty and sovereign rights under international law, Lorenzana said in a statement. ....

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US Stocks end at all-time highs


The US stocks extended gains on Thursday, 11 March 2021, with the Dow and S&P 500, and the broader Nasdaq soar to record highs, as a bigger-than-expected fall in weekly jobless claims and the passage of Washington s $1.9 trillion stimulus package reinforced expectations of a strong economic recovery.
At the close of trade, the Dow Jones Industrial Average index advanced 188.57 points, or 0.58%, to 32,485.59. The S&P500 index added 40.53 points, or 1.04%, to 3,939.34. The tech-heavy Nasdaq Composite Index climbed up 329.84 points, or 2.52%, to 13,398.67.
The markets benefited from optimism about the impact of more fiscal stimulus after the House passed a $1.9 trillion relief package, which President Joe Biden later signed into law. Buying interest was also supported by reports from the Labor Department showing first-time claims for U. S. unemployment benefits fell to a four-month low in the week ended March 6th. ....

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