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  • Image of Asia: Tearing down squatters' homes near Manila
    Image of Asia: Tearing down squatters' homes near Manila

    In this photo by Bullit Marquez, a demolition crew begins to tear down a squatters' community at suburban Caloocan city, north of Manila, Philippines. Population growth and the lack of economic opportunities in rural areas have driven millions of Filipinos into the squatters' colonies that dot the sprawling metropolitan area in and around Manila. Most of the land they occupy is privately owned, and clearing the dwellings often results in violence. The landowner had offered about $1,344 in …

  • Philippines to fly over disputed South China Sea: Aquino
    Philippines to fly over disputed South China Sea: Aquino

    Philippine military and commercial aircraft will keep flying over disputed areas in the South China Sea despite Chinese warnings over the airspace, President Benigno Aquino said on Monday. "We will still fly the routes that we fly based on the international law from the various conventions we entered into," Aquino told reporters when asked whether the Philippines accepted China's position. The Chinese military last week ordered a US Navy P-8 Poseidon surveillance plane away from airspace …

  • Philippines seeks stronger commitment from U.S. in South China Sea dispute
    Philippines seeks stronger commitment from U.S. in South China Sea dispute

    The Philippines is seeking a "stronger commitment" from the United States to help its ally, the defence minister said on Monday, as China asserts its sovereignty over disputed areas of the South China Sea. China claims most of the South China Sea, through which $5 trillion in ship-borne trade passes every year, and the Philippines, Vietnam, Malaysia, Taiwan and Brunei have overlapping claims. China said on Monday it had lodged a complaint with the United States over a U.S. spy plane that flew …

  • Pacific Gas & Electric Co. president announces retirement

    SAN FRANCISCO (AP) — The man who led Pacific Gas & Electric Company through a deadly 2010 pipeline explosion in the San Francisco area is retiring at the end of the year. …

  • FIFA officials arrested in Zurich on US corruption charges: NYT
    FIFA officials arrested in Zurich on US corruption charges: NYT

    Top FIFA officials were arrested early Wednesday morning by Swiss police acting on US corruption charges, The New York Times reported. …

  • FTSE takes cautious steps to include China-listed shares in benchmark

    (Corrects spelling of "surprising" in paragraph 4) * China A shares may be included in key benchmark in two years * Tax, capital mobility, and clearing remain key hurdles * China A shares to have initial weighting of 5 pct in new indexes By Michelle Price HONG KONG, May 26 (Reuters) - FTSE Russell, one of the world's largest index providers, said it will launch two transitional indexes that include China A shares - a staggered approach that will bring local Chinese shares into its global …

  • Travel ban ends for Guantanamo inmates swapped for Bergdahl
    Travel ban ends for Guantanamo inmates swapped for Bergdahl

    WASHINGTON (AP) — A one-year travel ban is expiring for five senior Taliban leaders held in U.S. detention at Guantanamo Bay, Cuba, until they were released last year in exchange for U.S. Army Sgt. Bowe Bergdahl, raising the possibility that the five can move freely around the world as early as Monday. …

  • Blocked in China, Twitter still courts Chinese firms for ads

    Despite being blocked in China, Twitter is courting Chinese companies to buy advertising space on its service used by more than 300 million people elsewhere in the world. "It's not a coincidence that we are here now," Peter Greenberger, director of sales for emerging markets at Twitter, told Reuters on Tuesday. The San Francisco-based company already works with Chinese smartphone maker Xiaomi, online shopping giant Alibaba Group , white goods producer Qingdao Haier and flag carrier Air China …

  • Robert Rodriguez to bring back ‘Jonny Quest’
    Robert Rodriguez to bring back ‘Jonny Quest’

    In collaboration with Terry Rossio, Robert Rodriguez is to write the script bringing back the Hanna-Barbera cartoon, now looked upon as a classic after several years of inactivity. …

  • Snapchat has IPO plan: CEO
    Snapchat has IPO plan: CEO

    The chief of vanishing-image service Snapchat said the company has a plan for going public with an offering of stock but did not reveal when it might happen. "We need to IPO, we have a plan to do that,” chief executive officer Evan Spiegel said on-stage at a Code Conference in California when asked about the potential for an initial public offering of stock. "An IPO is really important," he added, according to a live blog of the exclusive technology conference. …