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“Ugly oaf” – Philippine Government launches a tirade on China

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“China, my friend, how politely can I put it? Let me see…GET THE F*** OUT.”

A Philippine government official has unleashed a tirade on China in a recent Tweet. And no, it was not the President.

Philippine Foreign Minister Teodoro Locsin told China via a tweet that they are not helping their ‘friends’.

The tweet said China is like “an ugly oaf forcing your attention on a handsome guy that wants to be your friend.”

The tweet also called for China to remove its vessels from the EEZ in a rather expletive manner:

The tweet follows Manila’s protests over “illegal” Chinese boats inside the Philippines 200-mile Exclusive Economic Zone (EEZ).

The EEZ stands for ‘Exclusive Economic Zone.’ It is a 200-mile area of the South China Sea bordering the Philippines.

Previously, Duterte has played to China’s favour in exchange for promises of billions in investment, aid and loans.

Despite the harsh tweet, Duterte says he still considers China “a good friend”.

Last week he said: “There are things that are not really subject to a compromise.

Tweet comes after ‘Illegal’ Chinese boats enter Philippine exclusive economic zone

China claims almost the entire South China Sea, which transports about US$3 trillion worth of goods each year.

In a statement on Monday, the Philippine foreign ministry also accused China’s coast guard of “shadowing, blocking, dangerous manoeuvres, and radio challenges of the Philippine coast guard vessels.”

Philippine officials believe the Chinese vessels are manned by militia.

Philippine China Tweet
FILE PHOTO: China’s Foreign Minister Wang Yi and Philippine’s Foreign Affairs Secretary Teodoro Locsin Jr., bump their elbows during a meeting in Manila, Philippines January 16, 2021. Francis Malasig/Pool via REUTERS/File Photo

This comes after protests in the Philippines over Chinese leadership

As of April 26, the Philippines had filed 78 diplomatic protests to China. This comes since President Rodrigo Duterte took office in 2016 as shown by foreign ministry data.

Marie Yvette Banzon-Abalos is the executive director for strategic communications at the Phillipino foreign ministry. Abalos said their increasingly harsh statement reflects China’s increasing brazeness..

“Our statements are stronger too because of the more brazen nature of the activities. The number, frequency and proximity of intrusions,” she said.

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Global markets hit record highs all thanks to AI

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Is AI the main contributor behind the soaring markets in Australia, the US, Japan, and Germany?

Financial markets worldwide have witnessed record highs, creating a wave of optimism among investors.

The surge is attributed to a combination of positive economic indicators, policy developments, and the integration of AI across key economies, including Australia, the United States, Japan, and Germany. #ticker today #featured

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Dune Part 2 sets box office ablaze with $178m worldwide

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As “Dune: Part Two” continues its intergalactic journey on the silver screen, director Denis Villeneuve’s epic sequel has ignited the international box office, amassing a stellar $97 million from 71 overseas markets.

This impressive overseas performance has propelled the film’s global tally to a promising $178.5 million, further solidifying its status as a cinematic force to be reckoned with.

Starring powerhouse talents such as Timothée Chalamet and Zendaya, “Dune: Part Two” has captured the imagination of audiences worldwide, earning widespread acclaim and enthusiastic support.

The film’s success in North American theaters, where it secured the biggest domestic opening weekend of the year with $81.5 million, has been complemented by robust ticket sales in international territories.

Large formats

The immense popularity of “Dune: Part Two” has been particularly evident in premium large formats, such as Imax, which accounted for 48% of initial sales, driving up the film’s revenue even further. Mary Parent, producer of “Dune,” remarked on the film’s cultural impact, expressing confidence in its longevity at the box office.

Despite facing challenges due to the hefty production and promotional costs—reportedly totaling $190 million and $100 million respectively—the sequel has already demonstrated its box office prowess, surpassing expectations in its initial run.

With a global audience eagerly embracing the continuation of Frank Herbert’s epic saga, “Dune: Part Two” is poised for a successful box office run.

The film’s international debut marks a significant milestone in Villeneuve’s career, achieving the largest opening weekend in all 71 markets—a testament to its universal appeal. Notable highlights include the United Kingdom, where it earned $11.8 million, as well as France ($9.6 million), Germany ($9.1 million), Korea ($6.9 million), and Australia ($6 million).

With upcoming releases in key markets such as China and Japan, “Dune: Part Two” is poised to further bolster its global box office performance.

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Can’t beat ’em, buy ’em – Will Apple buy an EV maker next?

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Tesla’s competitors, including Rivian, Lucid, and Fisker, find themselves grappling with significant challenges, sparking speculation about potential acquisitions and partnerships within the industry.

Rivian, once hailed as a formidable rival to Tesla, has faced a stark reversal of fortunes.

Following a disappointing quarter and outlook, the company announced a workforce reduction of approximately 10%, while its market capitalization plummeted from a peak of $153 billion in 2021 to $11 billion.

Speculation arose about tech giant Apple considering an acquisition of Rivian, with industry experts citing the company’s low valuation as a potential attraction.

Gene Munster, managing partner of Deepwater Asset Management, suggested that Apple, having recently abandoned its own EV project, might view Rivian as an opportunity to enter the EV market.

Apple’s bad luck

While Apple’s history of acquisitions has been relatively conservative, Munster emphasized the potential significance of such a move for the tech giant.

Meanwhile, Tesla CEO Elon Musk offered a grim assessment of Rivian’s prospects, highlighting the urgency for cost-cutting measures and operational improvements. Musk’s remarks underscored the precarious position facing Rivian as it navigates through challenging market conditions.

In a similar vein, Lucid Motors has experienced a substantial decline in its market capitalization, dropping from a peak of $91.4 billion to $7.6 billion.

The company’s production targets have been revised downwards significantly, leading to speculation about its future viability. Despite rumors of a potential acquisition by Saudi Arabia’s sovereign wealth fund, no such deal has materialized, leaving Lucid to confront its operational and financial hurdles independently.

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