cnn Archives » Pinoy Money Talk

Moody’s downgrades UK sovereign credit rating

While traders and investors in the Philippines rejoice over all-time highs in the stock market, favorable economic conditions and positive consumer outlook, the opposite seems to be the state of norm in the Eurozone area — with more news of recession, austerity programs and credit rating downgrade coming from that part of the world.

The latest in the recent spat of bad news from Europe is the announcement of ratings agency Moody’s that it is downgrading Britain’s sovereign credit rating for the first time in the country’s history.

Photos & Videos of Fake Apple Store in China

Just when we thought China has produced a fake version of almost anything — from mobile phones to designer bags to apparel and even branded cars! — here comes another one that can be added to that list: a fake Apple Store.

An American blogger, who goes by the name BirdAbroad, recently posted in her blog photos and a video of the rip-off Apple store. According to the blog entry, the store is located in the city of Kunming, capital of China’s southwestern Yunnan province.

The similarities with authorized Apple stores are uncanny, with the blogger describing in detail:

(Video) Manila Philippines bus hostage taking

Manila, Philippines (August 23, 2010; 11:55 p.m.) – Here are some gripping videos of the hostage taking on a Chinese tourist bus in Manila, Philippines.
The hostage crisis ended tragically after a SWAT team assaulted a bus full of mostly Chinese tourists from Hong Kong, resulting in the death of the hostage taker and nine (9) hostages.
Additional Story: Video & Transcript of Radio interview with Manila bus hostage-taker Rolando Mendoza