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Google will promote original reporting with algorithm change

Original reporting will be highlighted in Google’s search results, the company said as it announced changes to its algorithm. The world’s largest search engine has come under increasing criticism from media outlets, mainly because of its algorithms—a set of instructions followed by computers—that newspapers have often blamed for plummeting online traffic and the industry...

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Google agrees 945-million-euro tax settlement with France

PARIS - US internet giant Google has agreed a settlement totaling 945 million euros ($1.0 billion) to end a tax dispute in France under an agreement announced in court on Thursday. The company will pay a 500-million-euro fine for tax evasion, as well as a further 465 million euros to settle claims with French tax authorities. In a statement, Google confirmed the settlement and hailed the fac...

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Government releases 91% of 2019 national budget

MANILA, Philippines — The national government has released 91.4 percent of the P3.662- trillion national budget as of end-August to support the programs and projects of line agencies, the Department of Budget and Management (DBM) said yesterday. According to the latest data from the DBM, allotment releases from January to August have already reached P3.345 trillion, equivalent to 91.4 per...

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Ayala Foundation bags four Quill awards

AYALA Foundation was recognized for its communications initiatives during the awards night of IABC Philippines’ Quill Awards held at the Marriott Grand Ballroom in Pasay City recently. Ayala Foundation received awards of merit for a total of four communication tools, the 2017 annual report To Reach New Heights and the book Crescent Hopes; the Bangsamoro Young Leaders Program–Leaders...

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Foreign investment inflows drop 48.5% in June

MANILA, Philippines — Net inflows of foreign direct investments (FDI) fell by 48.5 percent to $430 million in June from $836 million in the same month last year due to the worsening  trade war between the US and China, according to the Bangko Sentral ng Pilipinas. Based on a report from BSP, equity placements plunged by nearly 65 percent to $73 million in June from $208 million in th...

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Housing loan takeout in Visayas grows 15%

STATE-RUN Pag-ibig Fund saw housing loan takeout in Visayas grow 15 percent in the first half of this year, an indication of a robust housing market in the region. Housing loans availed by its Visayan members from January to June totaled P4.49 billion, accounting for 12 percent of the nationwide loan takeout. This translated to a total of 4,250 housing units, up 23 percent from 3,461 in the...

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