Yahoo Philippines relives the top sporting events of 2019 that became the most-followed spectacles for Filipinos
President Donald Trump has ordered a sweeping but unspecified ban on dealings with the Chinese owners of consumer apps TikTok and WeChat, although it remains unclear if he has the legal authority to actually ban the apps from the U.S. While the wording of the orders is vague and appears to have been rushed out, some experts said it appears intended to bar the popular apps from the Apple and Google app stores, which could effectively remove them from distribution in the U.S. The action is the Trump administration's latest attempt to hobble China, a rising economic superpower.
China's exports rose by an unexpectedly strong 7.2% in July as the world's second-largest economy recovered from the coronavirus pandemic. Sales to the United States jumped 12.5% despite a plunge in U.S. economic activity and a lingering tariff war with Washington, customs data showed Friday. “There is an overall improvement in exports in July from June, not just medical supplies which had previously been the main contributor,” said Iris Pang of ING in a report.
India hit another grim milestone in the coronavirus pandemic on Friday, crossing 2 million cases of infection and more than 41,000 deaths. India's health ministry also reported recoveries as a share of total cases are also growing. India has the third-highest caseload in the world after the United States and Brazil.
Washington talks on vital COVID-19 rescue money are teetering on the brink of collapse after a marathon meeting in the Capitol generated lots of recriminations but little progress on the top issues confronting negotiators. “There’s a handful of very big issues that we are still very far apart" on, said Treasury Secretary Steven Mnuchin. Both sides said the future of the talks is uncertain.
Herman Cain, the former Republican presidential candidate, businessman and close ally of President Donald Trump, will be mourned at a private funeral in Atlanta on Friday. Cain died July 30 of complications from COVID-19. Cain had been ill with the coronavirus for several weeks.
Lawmakers from both parties are calling on the U.S. Postal Service to immediately reverse operational changes that are causing delays in deliveries across the country just as big volume increases are expected for mail-in election voting. In separate letters, two Montana Republicans, Sen. Steve Daines and Rep. Greg Gianforte, also urged the Postal Service to reverse the July directive, which eliminates overtime for hundreds of thousands of postal workers and mandates that mail be kept until the next day if distribution centers are running late.
A 350% increase in phishing websites was reported in the first quarter of the year, many targeting hospitals and health care systems and hindering their work responding to the COVID-19 pandemic, the U.N. counterterrorism chief said Thursday. Vladimir Voronkov told the U.N. Security Council that the upsurge in phishing sites was part of “a significant rise in cybercrime in recent months” reported by speakers at last month’s first Virtual Counterterrorism Week at the United Nations. “We know that terrorists are exploiting the significant disruption and economic hardships caused by COVID-19 to spread fear, hate and division and radicalize and recruit new followers,” Voronkov said.
Malaysia's ex-finance minister, now a key opposition figure, was charged with corruption Friday over a $1.5 billion construction project, the latest government critic to be targeted since a scandal-plagued party returned to power. Lim Guan Eng, who held the finance portfolio until February, is the highest-profile figure to face a criminal probe in recent months and his allies insist the case is politically motivated. The case centres on a 6.3 billion ringgit ($1.5 billion) project to build an undersea tunnel in the northern state of Penang, which Lim led as chief minister from 2008 to 2018.
Giannis Antetokounmpo says the biggest challenge in the championship quest for the Milwaukee Bucks, who clinched a top seed in the NBA playoffs on Thursday, isn't a rival, but the Bucks themselves. The 25-year-old Greek forward scored 33 points and grabbed 12 rebounds for Milwaukee as the Bucks rallied from a 23-point deficit to defeat Miami 130-116 and clinch the top seed in the Eastern Conference at an NBA-best 55-14.
The coronavirus infection rate in Australia’s hard-hit Victoria state has been “relatively flat” in the past week, a state health official said. Victoria registered 450 new cases and 11 deaths on Friday. Victoria Premier Daniel Andrews said almost a third of the latest cases — 139 —were health care workers.
Malaysia's former finance minister Lim Guan Eng was charged Friday with corruption over a $1.5 billion undersea tunnel project, with his party slamming the move as political persecution by the new government. Lim, who was part of a reformist government ousted in a political coup in March, pleaded not guilty to a charge of soliciting 10% of potential profits in 2011 as a bribe for the contract.
The maker of the drug Humira will pay $24 million to settle a California lawsuit that alleged it violated an insurance fraud law, the state Department of Insurance announced Thursday. AbbVie Inc. agreed to change the way it markets Humira but continues to deny wrongdoing, according to the settlement agreement reached on July 20. Humira is used to treat various illnesses, including Crohn’s disease, ulcerative colitis and rheumatoid arthritis.
The U.S. Treasury Department has fined Capital One $80 million for careless network security practices that enabled a hack that accessed the personal information of 106 million of the bank’s credit card holders. The Comptroller of the Currency said in a consent order Thursday that Capital One failed in 2105 to establish effective risk management when it migrated information technology operations to a cloud-based service. The consent order said Capital One has committed to fixing the problem.
SUGAR LAND, Texas (AP) _ Applied Optoelectronics Inc. (AAOI) on Thursday reported a loss of $18.6 million in its second quarter. On a per-share basis, the Sugar Land, Texas-based company said it had a loss of 89 cents. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 25 cents per share.
The jobs report for July being released Friday will provide the clearest answer yet. Kronos, a company that makes work management software for small companies, said the number of shifts worked at its clients rose just 1% in July, indicating that some previously laid-off workers are still being recalled.
CAMBRIDGE, Mass. (AP) _ CarGurus Inc. (CARG) on Thursday reported second-quarter earnings of $7.1 million. On a per-share basis, the Cambridge, Massachusetts-based company said it had net income of 6 cents. Earnings, adjusted for stock option expense and restructuring costs, came to 19 cents per share.
CARLSBAD, Calif. (AP) _ ViaSat Inc. (VSAT) on Thursday reported a loss of $12.4 million in its fiscal first quarter. On a per-share basis, the Carlsbad, California-based company said it had a loss of 20 cents. The results beat Wall Street expectations.
Legislators in southern Mexico have approved a ban on selling high-calorie snack food to children, seeking to combat one of the world’s highest rates of childhood obesity. A first of its kind in Mexico, the measure approved Wednesday by the Oaxaca state legislature would fine shopkeepers for selling or giving away high-calorie snack food like sodas, pastries or chips to anyone under 18, unless an accompanying parent or guardian authorized it. The bill, which has to be signed by the Oaxaca governor to become law, also would ban vending machines from dispensing those same goods and prohibit their sale in or near schools.
DUBLIN (AP) _ Prothena Corp. (PRTA) on Thursday reported a loss of $26.3 million in its second quarter. On a per-share basis, the Dublin-based company said it had a loss of 66 cents. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 64 cents per share.
MALVERN, Pa. (AP) _ CubeSmart (CUBE) on Thursday reported a key measure of profitability in its second quarter. The results beat Wall Street expectations. The real estate investment trust, based in Malvern, Pennsylvania, said it had funds from operations of $79.9 million, or 41 cents per share, in the period.