Browsing tag

Economy

Venezuelans Rally in Caracas to Support Maduro

CARACAS – Thousands of people in the Venezuelan capital of Caracas held a rally in support of President Nicolas Maduro, who urged people to defend their homeland by all means, as the South American nation suffers from a year-long political turmoil incited by US-backed opposition figure Juan Guaido. Demonstrators celebrated the Youth Day on Wednesday, […]

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MAJOR: Duterte Moves to Terminate US-Filipino Defense Pact

MANILLA – Philippine President Rodrigo Duterte plans to order the termination of the country’s visiting forces agreement with the United States, his spokesman stated on Friday. Presidential Spokesman Salvador Panelo noted that Duterte was also scheduled to speak to US President Donald Trump at “any time”, but the agenda was not clear, Al-Jazeera reported. “I […]

New Boeing 737 MAX Software Snafu Adds Fresh Concerns as US Planemaker Hurries to Recertify Plane

Chicago, Illinois, United States – The troubled Boeing 737 MAX has another software glitch, according to flight testers, as the US aerospace firm rushes to recertify its flagship plane after two fatal crashes killed hundreds of people, in addition to revelations on the company’s culture and falling profits. Despite this, the US Federal Aviation Administration along […]

Paris Streets Fill Up with Trash as Pension Strikes Hit Waste Collection

PARIS – France’s trains may be running again but the whiff of discontent over the government’s pension reforms still hangs thick in the air as a waste disposal strike begins to bite. Sidewalks in several parts of Paris have become obstacle courses of overflowing wheelie bins after 10 days of blockades at the city’s incineration […]

China’s Huawei Tops List of Global 5G Smartphone Suppliers

BEIJING – Demand for 5G smartphones has been growing with shipments of 19 million units last year, the latest report by research firm Strategy Analytics showed. “Fierce vendor competition in China and heavy carrier subsidies across South Korea have been the main drivers of 5G demand,” according to the report, RT reported. Other regions, like […]

Boeing’s First Annual Loss in 20 Years due to 737 MAX Fiasco

Chicago, Illinois, United States – The international grounding of the 737 MAX significantly impacted the financial results of Boeing in 2019, according to the company’s release on its fourth-quarter earnings. The company revealed that it only managed to rake in $17.91 billion during the final three months of 2019, a 37% drop from the $28.34 […]

MAJOR: Johnson Ignores US Demands and Grants Huawei Technologies Limited Role in Building UK’s 5G Networks

LONDON/BEIJING – The United Kingdom will allow Huawei Technologies a limited role in building the nation’s 5G networks across the country, it was announced on Tuesday. London said that the Chinese tech giant could participate in building Britain’s high-speed wireless network, but would be excluded from “core parts“, in addition to a 35 percent cap on […]

MAJOR: Russia’s New Frigates Will Have Far Greater Firepower Than America’s Cruisers and Heavy Destroyers

MOSCOW – Russia’s expanding shipyards have laid down a number of new frigates under the ambitious Admiral Gorshkov-class warship program. Fifteen of the 5,400-ton ships are planned of which three have been completed and four more are under construction. Supplementing the original Project 22350 Gorshkov-class ships, the Russian Navy is planning to commission a heavy […]

Russia Confirms Nord Stream 2 Gas Pipeline Will Be Completed Despite Pressure

MOSCOW – Construction of the Nord Stream 2 pipeline will be completed despite outside pressure and US sanctions against the project, the Russian Foreign Ministry issued a response on its website following Acting Foreign Minister Sergey Lavrov’s press conference on summing up the results of Russian diplomacy in 2019. The relevant question was not voiced […]