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AS IT HAPPENS

11 hours ago

Police say a village chief was gunned down by unidentified gunmen riding a motorcycle on Thursday noon along the highway in Siocon town, Zamboanga del Norte. . The fatality was identified as Berting Asiddin Inding, 54, chairperson of Barangay Balagonan, Siocon, says Maj. Shellamie Chang, Police Regional Office 9 information chief. Chang says Inding was driving his motorcycle with his wife as back-rider when he was shot about 11:58 a.m. Thursday along the national road in Barangay Tibangao. — The STAR/Roel Pareño

13 hours ago

Authorities say a villager was killed while two others were seriously wounded when suspected members of a local terrorist group shot with assault rifles four houses in Pikit town in North Cotabato late Thursday. In a statement Friday, the Pikit Municipal Police Station identifies the fatality as Gilbert Roa, who died on the spot from multiple bullet wounds. Roa was inside one of four adjoining houses in Sitio Saguing in Barangay Ginatilan in Pikit, North Cotabato that unidentified men shot with M16 and M14 assault rifles. — The STAR/John Unson

14 hours ago

India imposes a ban on many single-use plastics in a bid to tackle waste choking rivers and poisoning wildlife, but experts say it faces severe headwinds from unprepared manufacturers and consumers unwilling to pay more. The country generates around four million tonnes of plastic waste per year, about a third of which is not recycled and ends up in waterways and landfills that regularly catch fire and exacerbate air pollution. Stray cows munching on plastic are a common sight in Indian cities and a recent study found traces in the dung of elephants in the northern forests of Uttarakhand state. — AFP

17 hours ago

Starting with the lofty goal of competing with traditional banks, cryptocurrency lending giants and their clients now face financial ruin due to their appetite for risk and a paucity of regulatory guardrails. Celsius Network, which suspended withdrawals in mid-June, had advertised a seemingly difficult-to-reconcile mix of interest rates, charging just 0.1 percent for loans, but paying more than 18 percent on deposits.   Weeks later, savings accounts, that amounted to $11.8 billion in mid-May, remained frozen. — AFP

20 hours ago

The United States blocked a US-based company worth more than $1 billion linked to Russian oligarch Suleiman Kerimov, saying the ally of President Vladimir Putin used it to funnel and invest shadowy funds. The Treasury Department says that Kerimov, a billionaire active in Russian politics, secretly managed the Delaware-based Heritage Trust which put its money into a number of large public companies.  Heritage Trust, set up in 2017, brought money into the United States through shell companies and under-the-radar foundations established in Europe, Treasury Department officials say. — AFP

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