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PARIS, France — Arson attacks scrambled France's high-speed rail network for tens of thousands of passengers on Friday, after what officials called premeditated acts of "sabotage" just hours before the Paris Olympics opened.
PARIS, France — France's high-speed rail network was hit by "malicious acts" including arson attacks that have disrupted the transport system, train operator SNCF said Friday, hours before the opening ceremony of the Paris Olympics.
DAVAO – Aldrien Gialon overcame a disastrous quadruple bogey on the par-5 No. 3 with a determined series of pars and birdies, securing a commanding lead and ultimately clinching the boys’ 16-18 category title by 10 with a 76 in the ICTSI JPGT Mindanao Series I at Apo Golf and Country Club Friday.
MANILA, Philippines — Imagine winning a life-changing amount of money, all from the comfort of your home in the Philippines! The Mega Millions jackpot is now a whopping $306 million, nearly P18 billion, and Filipinos can officially join the game with TheLotter!
MANILA, Philippines — A Philippine Navy cadet died after falling from the construction site of the new Senate building in Taguig City.
The PSEi closed its first day of trading at 6,670, down 1.2% after trading was suspended on Wednesday due to the rains and flooding in Metro Manila from Typhoon Carina. Selling pressure was strongest in the first hour of trading. The session low was reached at around 10:45 AM, when the PSEi touched 6,652 (down 1.5%). It recovered over the next hour to nearly 6,690 and then traded sideways and down for the remainder of the day. As noted by Benjamin Garcia of AP Securities [link], the biggest losers on the day were “companies that had their operations disrupted yesterday,” like banks, mining firms, and casino operators. The biggest winners were “consumer staples”, which Mr. Garcia noted “typically get a boost in sales following widespread calamities.”MB BOTTOM-LINE: In some ways, the typhoon acted like a one-day COVID. The companies that rely on the mobility of people to get from one place to another were hit the hardest, just as we saw when movement restrictions decimated our economy back in 2020/21. For companies like Nickel Asia [NIKL 3.45 ?2.8%; 259% avgVol], there is no way to recoup a lost day of mining. You can’t just “mine” harder tomorrow A single lost day is just a blip in the short-term and it’s nothing for shareholders to get too worried about, but it is something that shareholders may want to keep in the backs of their minds for upcoming shareholders’ meetings. What steps are management taking to mitigate climate risks to operations? As ocean temperatures increase so too will the intensity of the typhoons that pass over us. We average around 20 typhoons that come through our “area of responsibility”, and while some of those barely catch the outer border and only impact fishermen and cause a couple of flights to get re-routed, the ones that veer over land will whip us with wind and soak us with rain and they’re only going to get stronger and more disruptive over time. For banks, it’s maybe as simple as having a strong app (and a back-of-the-house willingness to transact natively online). It’s not so straightforward for mining firms, but that doesn’t mean that nothing can be done.
PARIS, France — Thousands of athletes are set to sail through central Paris on Friday during an unprecedented and high-risk Olympics opening ceremony that will showcase the country's hugely ambitious vision for the Games.
MANILA, Philippines – Rianne Malixi wasted no time demonstrating her true potential, delivering an impressive four-under 68 to surge back into strong contention at the European Ladies Amateur Championship in Finland on Thursday.