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Wirecard CEO exits as search for missing billions hits dead end in Asia

Wirecard CEO exits as search for missing billions hits dead end in Asia

By , , FRANKFURT/MANILA (Reuters) - Wirecard’s chief executive quit on Friday as the German payments firm’s search for $2.1 billion of missing cash hit a dead end in the Philippines and it scrambled to secure a financial lifeline from its banks.Markus Braun, who built Wirecard into one of the hottest financial technology investments in Europe before questions over accounting saw it crash in value, leaves the firm facing a looming cash crunch and mired in allegations of fraud.Braun resigned just hours after releasing a video blaming Wirecard’s problems on fraud, saying he accepted...

June 21, 2020
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Philippines offers nurses in exchange for vaccines from Britain, Germany

Philippines offers nurses in exchange for vaccines from Britain, Germany

By MANILA (Reuters) - The Philippines will let thousands of its healthcare workers, mostly nurses, take up jobs in Britain and Germany if the two countries agree to donate much-needed coronavirus vaccines, a senior official said on Tuesday.The Philippines, which has among Asia’s highest number of coronavirus cases, has relaxed a ban on deploying its healthcare workers overseas, but still limits the number of medical professionals leaving the country to 5,000 a year.Alice Visperas, director of the labour ministry’s international affairs bureau, said the Philippines was open to lifting the...

February 23, 2021
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Philippines, China vow cooperation for post-pandemic recovery

Philippines, China vow cooperation for post-pandemic recovery

By MANILA (Reuters) - China promised on Saturday to donate 500,000 COVID-19 vaccine doses to the Philippines as the two countries signed infrastructure deals aimed at boosting post-pandemic recovery efforts, officials said.Slideshow Philippines President Rodrigo Duterte imposed one of the world’s longest and strictest lockdowns to contain the virus in March last year - bringing one of Asia’s fastest-growing economies to a standstill.“As a friend of the Philippines and your closest neighbour, we will firmly stand with the people of the Philippines until the defeat of this virus,” senior...

January 16, 2021
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Vietnam braces for Typhoon Vamco, 53 dead in Philippines

Vietnam braces for Typhoon Vamco, 53 dead in Philippines

By , HANOI/MANILA (Reuters) - Vietnam was bracing for Typhoon Vamco to make landfall in the country’s central coast early on Sunday, as the death toll in the Philippines rose to 53 from that country’s deadliest storm this year.Packing winds of up to 165 kph (103 mph), Vamco is forecast to hit a swathe of Vietnam’s coast from Ha Tinh to Quang Ngai province, the government’s weather agency said on Saturday.“This is a very strong typhoon,” Prime Minister Nguyen Xuan Phuc said, warning provinces in Vamco’s projected path to prepare for its impact.The provinces plan to evacuate 468,000 people by...

November 14, 2020
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Philippines braces for another cyclone, after typhoon kills 20

Philippines braces for another cyclone, after typhoon kills 20

By MANILA (Reuters) - Philippines’ President Rodrigo Duterte warned of another potentially damaging cyclone approaching the Southeast Asian nation on Monday, as the death toll from the world’s strongest typhoon of the year rose to 20.Typhoon Goni, which battered provinces south of the capital Manila on Sunday with gusts of up to 310 kilometres per hour (190 mph), is the 18th to hit the Philippines this year and one of the strongest typhoons since Haiyan killed more than 6,300 people in 2013.The country’s disaster agency on Monday said 20 people had been killed in Albay and Catanduane...

November 2, 2020
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Philippines evacuates nearly 1 million as world's strongest 2020 typhoon approaches

Philippines evacuates nearly 1 million as world's strongest 2020 typhoon approaches

By MANILA (Reuters) - Officials have evacuated almost a million residents in the southern part of the Philippines’ main island of Luzon as a category 5 storm - the world’s strongest this year - makes landfall on Sunday.Typhoon Goni, with 215 kph (133 miles) sustained winds and gusts of up to 265 kph (164 mph), will bring violent winds and strong rains, state weather and disaster officials said.It is among the strongest typhoons to hit the Philippines since Haiyan, which killed more than 6,300 people in 2013.“We are having a hard time with COVID-19, and then here comes another disaster,”...

October 31, 2020
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Philippines evacuates nearly 1 million as world's strongest 2020 typhoon approaches

Philippines evacuates nearly 1 million as world's strongest 2020 typhoon approaches

By MANILA (Reuters) - Officials have evacuated almost a million residents in the southern part of the Philippines’ main island of Luzon as a category 5 storm - the world’s strongest this year - makes landfall on Sunday.Typhoon Goni, with 215 kph (133 miles) sustained winds and gusts of up to 265 kph (164 mph), will bring violent winds and strong rains, state weather and disaster officials said.It is among the strongest typhoons to hit the Philippines since Haiyan, which killed more than 6,300 people in 2013.“We are having a hard time with COVID-19, and then here comes another disaster,”...

October 31, 2020
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Philippines evacuates nearly 1 million as world's strongest 2020 typhoon approaches

Philippines evacuates nearly 1 million as world's strongest 2020 typhoon approaches

By MANILA (Reuters) - Officials have evacuated almost a million residents in the southern part of the Philippines’ main island of Luzon as a category 5 storm - the world’s strongest this year - makes landfall on Sunday.Typhoon Goni, with 215 kph (133 miles) sustained winds and gusts of up to 265 kph (164 mph), will bring violent winds and strong rains, state weather and disaster officials said.It is among the strongest typhoons to hit the Philippines since Haiyan, which killed more than 6,300 people in 2013.“We are having a hard time with COVID-19, and then here comes another disaster,”...

October 31, 2020
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