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PSE Index Climbs 1.25% as Ayala Land Rally Boosts Investor Confidence
The Philippine Stock Exchange (PSE) index climbed to another milestone on Friday, closing at 6,404.11, up 78.96 points, or 1.25%, as improving investor sentiment fueled broad-based buying.

By The Financial District
13 minutes ago1 min read


Uber Finds a New Road Back to the Philippines
Eight years after Uber withdrew its ride-hailing service from the Philippines, the American technology company may be preparing for a return through a very different door.

By The Financial District
51 minutes ago2 min read


IBM Shares Plunge as CEO Warns of Weak Quarter; Buffett and OpenAI Also Make Headlines
IBM shares plunged 35%, marking the company's worst single-day trading performance on record, after Chief Executive Officer Arvind Krishna warned investors that the company's second-quarter results were "worse than our expectations."

By The Financial District
5 hours ago1 min read


Todd Blanche Faces Tough Senate Confirmation Hearing for Attorney General
Todd Blanche, President Donald Trump's nominee for U.S. attorney general, faced intense scrutiny as the Senate Judiciary Committee opened confirmation hearings on his nomination.

By The Financial District
5 hours ago1 min read


Christopher Nolan's IMAX Epic Could Deliver Another Massive Payday
Director Christopher Nolan is making one of the most ambitious films of his career with The Odyssey, a US$250 million historical epic filmed entirely using IMAX 70mm cameras.

By The Financial District
5 hours ago1 min read


Volkswagen Plans Up to 100,000 Global Job Cuts Amid Profit Slump
Volkswagen Group is planning to cut up to 100,000 jobs worldwide—double the number previously announced—as the German automotive giant seeks to reduce costs and improve profitability

By The Financial District
6 hours ago1 min read


BBC Investigation Raises Questions Over Howard Lutnick's Reported Epstein Business Ties
A British businessman has told the BBC that he uncovered evidence suggesting his former employer, U.S. Commerce Secretary Howard Lutnick, did not disclose a past business relationship with convicted sex offender Jeffrey Epstein.

By The Financial District
6 hours ago1 min read


Chipotle Opens First Restaurant in Mexico, Testing Home-Market Appeal
Chipotle Mexican Grill is set to open its first restaurant in Mexico this week, marking a major milestone as the U.S. restaurant chain tests its appeal in the country that inspired much of its menu.

By The Financial District
6 hours ago1 min read


Singapore Court Orders Bloomberg to Pay Damages in Ministers' Defamation Case
A Singapore court has ordered Bloomberg and one of its reporters to pay S$460,000 (approximately US$356,000) in damages to two government ministers who sued the news organization for defamation over an article discussing their property transactions.

By The Financial District
7 hours ago1 min read


Sydney Daycare Worker Charged With 329 Child Abuse Offences
A Sydney daycare worker has been charged with 329 child abuse-related offences involving the alleged abuse of 136 children across five childcare centers over a 16-year period.

By The Financial District
7 hours ago1 min read


German Carmakers Suffer Sharp Sales Decline in China
Major German automakers posted steep declines in quarterly sales in China as weakening consumer demand and intensifying competition weighed on performance in the world's largest automobile market.

By The Financial District
7 hours ago1 min read


Captured Hamas Document Shows Sinwar Feared Israeli Nuclear Response
Hamas leader Yahya Sinwar believed Israel might respond to a Hamas invasion by using nuclear weapons against Gaza.

By The Financial District
7 hours ago1 min read


PSE Index Rises 0.36% as Mining Stocks and Ayala Firms Lift Market
The Philippine Stock Exchange (PSE) index extended its gains on Thursday, closing at 6,325.15, up 22.65 points, or 0.36%, after a volatile trading session.

By The Financial District
18 hours ago1 min read


Globe’s ₱10-Billion Loan Signals a Bigger Bet on PH Digital Future
At first glance, Globe Telecom’s announcement that it has secured a ₱10 billion term loan from Land Bank of the Philippines may appear to be little more than another corporate financing disclosure.

By The Financial District
18 hours ago3 min read


Report: Former Iranian President Ahmadinejad Under House Arrest Over Alleged Mossad Links
Former Iranian President Mahmoud Ahmadinejad was allegedly targeted by Israel for recruitment as an intelligence asset and a potential future leader of Iran, leading to his current house arrest by Iranian authorities.

By The Financial District
1 day ago1 min read


New York to Impose First Statewide Moratorium on Large AI Data Centers
New York will halt the construction of new large-scale data centers for up to one year while the state develops regulations to protect the environment and power grid from the energy-intensive facilities that support artificial intelligence (AI).

By The Financial District
1 day ago1 min read


UK Moves to Designate Iran's Revolutionary Guards as National Security Threat
UK Prime Minister Keir Starmer has designated Iran's Islamic Revolutionary Guard Corps (IRGC) as a threat to British national security, along with two other groups, although the designation still requires parliamentary approval.

By The Financial District
1 day ago1 min read


Trump Proposes 20% Toll on Ships for Safe Passage Through Strait of Hormuz
President Donald Trump said this week that the United States is "reinstating" a blockade on Iran in the Strait of Hormuz and would charge ships for safe passage.

By The Financial District
1 day ago2 min read


AI Expected to Drive Cost Savings in Proposed Paramount-Warner Bros. Merger
Artificial intelligence is expected to play a major role in improving efficiency if Paramount completes its proposed acquisition of Warner Bros. Discovery.

By The Financial District
1 day ago1 min read


AI Investment Boom Continues to Drive U.S. Stocks, Says Apollo Economist
The rapid expansion of artificial intelligence (AI) investments continues to fuel gains in U.S. equities and may also be strengthening the U.S. dollar.

By The Financial District
1 day ago1 min read


Analyst Recommends Buying SpaceX Stock Despite Recent Sell-Off
Another Wall Street analyst has turned bullish on SpaceX, even as the company's shares continue to slide.

By The Financial District
1 day ago1 min read


Economists Urge Action on AI's Potential Impact on Jobs
More than 200 economists, artificial intelligence researchers, computer scientists, and technology executives have signed an open letter urging governments and institutions to prepare for the economic disruptions that AI could bring.

By The Financial District
1 day ago1 min read


China Weighs Limiting Overseas Access to Its Most Advanced AI Models
Chinese authorities are considering restrictions on overseas access to the country's most advanced artificial intelligence models, according to people familiar with discussions between government officials and leading technology companies.

By The Financial District
1 day ago1 min read


PSE Index Climbs 0.74% on Renewed Iran Peace Talks
The Philippine Stock Exchange (PSE) index climbed to 6,302.50, gaining 46.48 points, or 0.74%, on renewed optimism following reports of another round of peace talks aimed at easing the Iran conflict.

By The Financial District
2 days ago2 min read
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