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Court Ruling Extends Vote Protest of Philippine Marcos’ Son -

Court Ruling Extends Vote Protest of Philippine Marcos’ Son(Bloomberg) -- The Philippines’ top court on Tuesday decided to release the initial results of the vice-presidential vote recount, which the late dictator Ferdinand Marcos’ son said will delay his chance to assume the post.Former Senator Ferdinand Marcos Jr. said he is “frustrated” by the court’s decision not to resolve his election protest against Vice President Leni Robredo victory in the 2016 polls. Robredo is already halfway through her six-year term.The court instead decided to make public the result of the recount covering three provinces that will serve as basis for any further action on Marcos’ challenge. It also asked the two camps to comment on Marcos’ plea to nullify votes in three other provinces due to supposed irregularities in the 2016 elections.“The proper vice president -- myself -- is being robbed of years of service,” Marcos said in a televised interview. President Rodrigo Duterte, who has faced questions on his health, has repeatedly said Marcos is his preferred successor if he had to leave office before his single term expires in 2022.Robredo, leader of the opposition party, said she welcomes the court decision, as she urged the court to already junk Marcos’ protest. “The mere fact that this has been dragging on for so long only provides Marcos a platform for his lies,” she said in a separate televised briefing.(Updates with comments from Marcos and Robredo from fourth paragraph.)To contact the reporter on this story: Andreo Calonzo in Manila at acalonzo1@bloomberg.netTo contact the editors responsible for this story: Cecilia Yap at, Muneeza NaqviFor more articles like this, please visit us at©2019 Bloomberg L.P.

Tue, 15 Oct 2019 05:50:20 -0400

Hong Kong's leader: Territory not becoming a police state -

Hong Kong's leader: Territory not becoming a police stateHong Kong's leader said Tuesday that "it's totally irresponsible and unfounded" to suggest the semi-autonomous Chinese territory is becoming a police state as her government grapples with protests now in their fifth month. In a spirited defense of Hong Kong's 30,000-strong police force and her handling of the protests in response to criticism from visiting U.S. senators, Carrie Lam challenged the notion that the territory is losing its freedoms, unique in China, as police battle demonstrators in the streets. "I would challenge every politician to ask themselves if the large extent of violent acts, and all those petrol bombs and arson and deadly attacks on policemen, happened in their own country, what would they do?

Tue, 15 Oct 2019 05:30:16 -0400

India blocks SMS services in Kashmir after trucker killed -

India blocks SMS services in Kashmir after trucker killedText messaging services were blocked in Indian-administered Kashmir just hours after being restored when a truck driver was killed by suspected militants and his vehicle set ablaze, authorities said Tuesday. Security sources said the decision to cut text services was taken to reduce the ability of militants to communicate. Indian authorities had only restored call and text services for mobile phones on Monday, following a 72-day blackout in the restive northern territory imposed after New Delhi scrapped the region's semi-autonomous status.

Tue, 15 Oct 2019 05:12:05 -0400

Flooded bullet trains show Japan's risks from disasters -

Flooded bullet trains show Japan's risks from disastersThe typhoon that ravaged Japan last week hit with unusual speed and ferocity, leaving homes buried in mud and people stranded on rooftops. Japan's technological prowess and meticulous attention to detail are sometimes no match for rising risks in a precarious era of climate change. "Weather conditions in Japan up to now have been relatively moderate," said Toshitaka Katada, a disaster expert and professor at the University of Tokyo.

Tue, 15 Oct 2019 03:19:23 -0400

EU’s Lending Arm Seeks to Tighten Screw on Fossil-Fuel Financing -

EU’s Lending Arm Seeks to Tighten Screw on Fossil-Fuel Financing(Bloomberg) -- The European Investment Bank is poised to limit funding for fossil fuels as the continent ups its fight against climate change.The board of the Luxembourg-based lending arm of the European Union is meeting on Tuesday to discuss a new strategy that includes increased support for clean-energy projects.The boost for the EIB’s support for renewables bolsters the Green Deal being pushed by Ursula von der Leyen, the incoming president of the European Commission. She wants the institution to become a climate bank and help unlock 1 trillion euros ($1.1 trillion) to shift the economy toward cleaner forms of energy.“With a very strong focus on energy efficiency, renewable energy, power grids and research and development, the EIB believes the proposed Energy Lending Policy is well aligned with EU priorities and funding,” EIB President Werner Hoyer told the European Parliament on Oct. 9. “Science tells us that transitioning to a carbon-neutral economy entails ending the use of fossil fuel as soon as possible.”The EIB’s draft strategy has come under fire from green lobby groups after it was softened last month to allow funding for certain natural gas projects, a move sought by Germany and some central European nations concerned about their reliance on Russian supplies. Germany may still require more concessions, posing a risk for adoption of the new policy rules, which need endorsement from EU member states to be approved.“Governments should support the economy of the future and not the economy of the past,” said Sebastien Godinot, an economist at WWF’s European unit in Brussels. “Germany risks becoming a climate laggard. If it doesn’t endorse the EIB strategy it will be a missed opportunity.”The EIB, which last year invested more than 16 billion euros in climate-action projects, is preparing to play a larger role in spurring low-carbon technologies because the EU is weighing whether to declare itself the first climate-neutral continent by the middle of this century.The 28-nation bloc wants to step up its ambition in sync with the landmark 2015 United Nations agreement to fight global warming, after the U.S. turned its back on the accord.Von der Leyen, who is due to assume her new job on Nov. 1, also wants the EU to deepen its current target to cut emissions by at least 40 percent by 2030 from 1990 levels. That may involve a reduction of 50% or even 55% to counter the more frequent heat waves, storms and floods tied to global warming. Fossil fuels such as coal, oil and natural gas are leading contributors to climate change.To contact the reporter on this story: Ewa Krukowska in Brussels at ekrukowska@bloomberg.netTo contact the editors responsible for this story: Reed Landberg at, James HerronFor more articles like this, please visit us at©2019 Bloomberg L.P.

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