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Bank of Canada says economy can handle higher rates despite household debt risks
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Bank of Canada says economy can handle higher rates despite household debt risks

High household debt and elevated housing prices have become bigger vulnerabilities in the past year, but the economy can still handle the rising interest rates needed to tame inflation, Bank of Canada governor Tiff Macklem said Thursday. “We think the economy needs higher interest rates, and it can certainly handle higher interest rates,” he told a news...

Climate change mitigation crucial to socioeconomic planning: National Economic and Development Authority (NEDA)
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Climate change mitigation crucial to socioeconomic planning: National Economic and Development Authority (NEDA)

MANILA – Climate change adaptation and mitigation need to be placed at the heart of socioeconomic planning for the country to achieve its 2040 vision of eradicating extreme poverty, the National Economic and Development Authority (NEDA) said Tuesday.  “Addressing the triple planetary crisis (of climate change, biodiversity loss, and pollution) has become our top development challenge....

Ontario Progressive Conservatives to form second majority government
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Ontario Progressive Conservatives to form second majority government

Doug Ford and the Ontario Progressive Conservatives sailed to a second majority government Thursday with a campaign focused on roads and rebuilding to chart a course out of the pandemic, producing a victory so sweeping it toppled two other party leaders. Ford ran a decidedly safer campaign than when he burst onto the Ontario political...

President Duterte’s ‘education equity’ must continue: Briones
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President Duterte’s ‘education equity’ must continue: Briones

MANILA – The incoming education leadership, under Vice President-elect Sara Duterte-Carpio, must continue pursuing education equity for all learners, Department of Education (DepEd) Secretary Leonor Briones said on Monday. At the Laging Handa public briefing, Briones cited the Duterte administration’s legacy of expanding opportunities for learners under the Alternative Learning System and the Last Mile Schools...

Philippines to teach space tech to other nations
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Philippines to teach space tech to other nations

MANILA – Japanese and British people have taught Filipino engineers about space technology. Now Filipinos will share their learnings with other nations. The Philippine Space Agency (PhilSA) has just launched the Space Infrastructure, Know-How, and Applications Acceleration through Promotion and Training (SIKAP+) to teach the best practices in space technology to other countries that are...

Canada banning China’s Huawei Technologies, ZTE from 5G telecom networks
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Canada banning China’s Huawei Technologies, ZTE from 5G telecom networks

The Liberal government is banning Chinese vendors Huawei Technologies and ZTE from Canada’s long-awaited blueprint for next-generation mobile networks. “Telecommunication companies in Canada will not be permitted to include in their networks products or services that put our national security at risk,” Innovation Minister François-Philippe Champagne said Thursday in Ottawa. “Providers who already have this...