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Most detailed image of ancient Universe unveiled

This image released March 21, 2013 by the ESA and Planck Collaboration shows the afterglow of the Big Bang, the cosmic microwave background, as detected by the European Space Agency's Planck space probe. The radiation was imprinted on the sky when the universe was 370,000 years old. It shows tiny temperature fluctuations that correspond to regions of slightly different densities, representing the seeds of all future structure: the stars and galaxies of today.  AP PHOTO/ESA, PLANCK COLLABORATION VIA NASA)

A new, detailed map of the most ancient light in the cosmos has revealed our Universe to be about 80 million years older than thought, the European Space Agency (ESA) said Thursday.

Posted: March 22nd, 2013 in Latest Business Stories | Read More »

Europe horsemeat scandal spreads to Asia

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Map showing the main countries, distributors and brands affected by the horsemeat scandal. AFP

Europe’s horsemeat scandal spread Wednesday to Asia where an imported lasagna brand was pulled from the shelves in Hong Kong, as Czech officials ordered similar action on frozen meals mislabelled “beef.”

Posted: February 21st, 2013 in Latest Business Stories,Photos & Videos | Read More »

Asian markets mostly up after Wall St, Europe gains

An investor looks at the stock price monitor at a private securities company Monday, Feb. 18, 2013, in Shanghai, China. AP FILE PHOTO

Asian markets mostly climbed on Wednesday, with dealers taking a positive cue from Wall Street and Europe, following a surge in investor confidence in eurozone powerhouse Germany.

Posted: February 20th, 2013 in Latest Business Stories | Read More »

US stock market wavers as Europe’s economy slows

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In this Dec. 28, 2012, photo, traders work on the floor at the New York Stock Exchange in New York. US stocks opened lower Tuesday, Jan. 8, 2013, as earnings season was set to begin, with investors cautious after the economy plodded along during the fourth quarter of 2012.  AP PHOTO/SETH WENIG

Renewed worries about Europe overshadowed an encouraging U.S. jobs report on Thursday, leaving major stock indexes roughly where they started.

Posted: February 15th, 2013 in Latest Business Stories | Read More »

‘Currency wars’ back on international agenda

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Investors check the stock price at a private securities company in Shanghai, China, on Nov. 13, 2012. AP FILE PHOTO

The strength of the euro, the state of the global monetary system and controversy over a so-called “currency war” will dominate the economic stage at eurozone and G20 ministerial meetings this week.

Posted: February 10th, 2013 in Latest Business Stories | Read More »

Electronics exporters face tough year ahead

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Philippine electronics exporters may find 2013 to be another challenging year as far as profit generation is concerned, given projections that demand for electronics goods in the United States, Europe and Japan could remain anemic.

Posted: January 17th, 2013 in Headlines | Read More »

Europe grounds Dreamliner after incidents

Passengers ticketed to depart on Polish Airlines flight 004 to Warsaw, a Boeing 787, at Chicago's O'Hare International Airport international are rebooked on another airline after the flight was canceled Wednesday, Jan. 16, 2013. The European Aviation Safety Agency has followed the United States in ordering the grounding and safety review of Boeing's 787 Dreamliner. AP PHOTO/CHARLES REX ARBOGAST

Europe’s air safety authority has followed the United States in ordering the grounding and safety review of Boeing’s 787 Dreamliner following a series of incidents with the aircraft in recent days.

Posted: January 17th, 2013 in Latest Business Stories | Read More »

Filipinos want to be stuck in traffic in a Rolls-Royce

By
0116rolls

There are days when you feel that there are just too many cars out on the streets. The nightmarish traffic of the last holiday season certainly fueled much of that sentiment. But hasn’t it occurred to you that, maybe, just maybe, you may have just gotten bored with the sight of the same type of vehicles that cause your daily dose of road gridlock?

Posted: January 16th, 2013 in Featured Gallery,Motoring,Photos & Videos | Read More »

Merkel steels Germans for ‘more difficult’ 2013

German Chancellor Angela Merkel attends the first session of the budget 2013 debate at the parliament Bundestag in Berlin, Germany, on Sept. 11, 2012. According to a new poverty report drawn up by the labor ministry, the gap between rich and poor in Europe's top economy continues to widen. The report is being seen by some as a covert call for a redistribution of wealth, possibly via higher taxes for the rich. But Chancellor Angela Merkel has been quick to rule out any such moves.  AP PHOTO/MARKUS SCHREIBER

Chancellor Angela Merkel warned Germans that the economy, Europe’s biggest, would experience a harder time next year than in 2012 and cautioned too that the eurozone debt crisis was far from over.

Posted: December 31st, 2012 in Latest Business Stories | Read More »

Air traffic between PH, Europe seen rising

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FILE PHOTO

Airlines from European countries are taking a second look at Asian destinations, including points in the Philippines, to take advantage of the region’s bright economic prospects.   The Civil Aeronautics Board (CAB) said it already had several bilateral negotiations lined up for the first quarter of 2013 to secure additional air rights between the Philippines [...]

Posted: December 30th, 2012 in Editor's Pick,Headlines | Read More »

Oil prices down amid sagging Europe retail sales

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In this Thursday, March 22, 2012, file photo, President Barack Obama speaks at the TransCanada Pipe Yard in Cushing, Okla. Oil Prices fell on Wednesday, Dec. 5, 2012, after the government reported that stocks of crude are still running much higher than usual for this time of year. A weekly report from the Energy Information Administration showed that inventory has barely moved at the key oil hub in Cushing, Okla. AP/LM Otero

Oil prices fell Thursday after disappointing retail sales figures in Europe dampened investor appetite and reports showed crude stocks still running higher than usual for this time of year.

Posted: December 6th, 2012 in Latest Business Stories,Photos & Videos | Read More »

New Ford exec eyes Asian growth, Europe ‘depressed’

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www.ford.com.ph/ photo

Europe’s car market will stay “depressed” for the next few years, but prospects are good for expansion in the United States and Asia-Pacific, Ford’s new chief operating officer said Wednesday.

Posted: November 29th, 2012 in Latest Business Stories | Read More »

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