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Philippine social media users face barrage of bogus medical posts
Philippine social media users face barrage of bogus medical posts
Business and Economy
by  AFP

Philippine vlogger Rosanel Demasudlay holds a heart-shaped "virginity soap" bar in front of the camera and assures her hundreds of YouTube followers it can be safely used to "tighten" their vaginas. She falsely claimed the "Bar Bilat Virginity Soap" had been approved by the Philippine Food and Drug Administration as a treatment for skin conditions and a way to tighten the vagina.

Credit Suisse says it will borrow up to $53.7 bn from central bank
Credit Suisse says it will borrow up to $53.7 bn from central bank
Business and Economy
by  AFP

Credit Suisse announced Thursday that it would borrow almost $54 billion from the Swiss central bank to reinforce the group after a plunge in its share prices. In a statement, Credit Suisse said the central bank loan of up to 50 billion francs ($53.7 billion) would "support... core businesses and clients", adding it was also making buyback offers on about $3 billion worth of debt.

Social media frenzy fuels bank busting panic
Social media frenzy fuels bank busting panic
Business and Economy
by  AFP

Fearful Twitter posts and anxious WhatsApp exchanges coupled with online banking ease are seen as helping power an internet-age run on a pair of now-collapsed American lending institutions. At that time, Twitter and iPhones were fledgling products; there were no WhatsApp groups, no Slack chat threads, Welburn noted.

Once dying, then a novelty, vinyl is back and thriving
Once dying, then a novelty, vinyl is back and thriving
Business and Economy
by  AFP

Like many people in his generation, Vijay Damerla finds most of his new music online -- but the 20-year-old is slowly becoming a vinyl junkie, amassing records in his room. "I've been doing this for like 30 years... a new generation, kids, they come in look for all the music from the 1930s and 40s and 50s."

US tells ByteDance to sell TikTok or be banned: report
US tells ByteDance to sell TikTok or be banned: report
Business and Economy
by  AFP

The US government has told China-based ByteDance to sell its shares in the blockbuster TikTok app or face a national ban, the Wall Street Journal reported on Wednesday. According to the Journal report, the ultimatum to TikTok came from the US agency charged with assessing risks foreign investments represent to national security.