Japan downgrades Q3 GDP on deeper hit to consumer spending
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TOKYO — Japan’s economy shrank slightly faster than initially reported in the third quarter, as a sharp rise in local coronavirus disease…
Study suggests Pfizer COVID-19 vaccine may only partially protect against Omicron
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The Omicron variant of the coronavirus can partially evade the protection from two doses of Pfizer Inc. and partner BioNTech’s coronavirus disease…
Metaverse, virtual storefronts to boost SME recovery in APAC — Meta
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The metaverse has “major potential” to help small and medium enterprises (SMEs) in the Asia Pacific better cope with disruptions such as…
Omicron sets back airline industry’s recovery hopes
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New travel restrictions prompted by the Omicron coronavirus variant have set back the nascent recovery in international flights, creating delays and headaches…
China’s Evergrande edges closer to default after missing debt deadline
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HONG KONG/SHANGHAI — China Evergrande did not make payments on some US dollar bonds at the end of a month-long grace period,…
UAE to shift to Saturday-Sunday weekend in line with global markets
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DUBAI — The United Arab Emirates (UAE) will shift to a working week of four and half days with a Saturday-Sunday weekend…
Fewer Filipinos jobless in October
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THE RANKS of Filipinos who were jobless and looking for work declined in October, while those employed but wanting more work increased…
Inflation eases to four-month low in November
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By Lourdes O. Pilar, Researcher INFLATION eased for the third straight month in November to hit its lowest level in four months…
World Bank raises PHL growth forecast to 5.3%
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THE WORLD BANK raised its Philippine growth forecast for this year to 5.3% following the economy’s faster-than-expected expansion in the third quarter,…
Approved foreign investments declined anew in Q3
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FOREIGN INVESTMENT pledges declined anew in the third quarter after recovering in the preceding three-month period, data from the Philippine Statistics Authority…