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Alibaba Profit Margins Pressured by Aggressive AI Spending
Chinese technology giant Alibaba Group has reported a 3% rise in fourth-quarter revenue, though profits were pressured by growing investments in AI and cloud infrastructure, as well as continued spending on its quick-commerce segment.

By The Financial District
May 141 min read


PAGCOR Remits ₱5.67 Billion in Dividends to National Treasury
Philippine Amusement and Gaming Corporation (PAGCOR) has remitted ₱5.67 billion in dividends to the National Treasury, highlighting the state gaming agency’s contribution to government nation-building programs.

By The Financial District
May 131 min read


Federal Prosecutors Say Bucks Co-Owner Wesley Edens Was Targeted in Blackmail Scheme
Federal prosecutors allege that Wesley Edens, co-owner of the Milwaukee Bucks and co-founder of Fortress Investment Group, was targeted in a blackmail scheme by a Chinese-born divorcée following a personal relationship.

By The Financial District
May 131 min read


Saudi Aramco Profit Jumps 25% as Iran Conflict Disrupts Oil Supplies
Saudi Aramco, the world’s largest oil producer, said Sunday that its first-quarter profit surged 25% as the Iran war disrupted global oil supplies and drove prices higher.

By The Financial District
May 131 min read


Nintendo Shares Drop 7% as Switch 2 Price Hikes, Weak Game Outlook Concern Investors
Nintendo shares fell 7% in Tokyo after the company announced price increases for the Switch 2 and investors expressed concerns over a lack of high-profile games to sustain momentum.

By The Financial District
May 131 min read


Analysts Say Nvidia Could Outperform Alphabet and Amazon Over Next Three Years
Nvidia has been one of the best-performing stocks in the market over the past three and a half years.

By The Financial District
May 121 min read


Japan’s Nippon Maru Cruise Ship Retires After 35 Years at Sea
The Japanese cruise ship Nippon Maru returned Sunday to a port south of Tokyo after its final voyage, marking the end of a 35-year career during which it carried approximately 600,000 passengers and sailed around the world.

By The Financial District
May 121 min read


AI Wins Set to Make Alphabet World’s Biggest Company
Over the past year, Alphabet has gone from being viewed as an artificial intelligence afterthought to becoming one of the dominant firms across nearly every segment of the technology sector.

By The Financial District
May 121 min read


Microsoft’s African Data Center Falters on Payment Demands
A Microsoft data center project in East Africa has been delayed due to disagreements with the Kenyan government over the company’s request for guaranteed payments.

By The Financial District
May 121 min read


Thailand’s SiamAI Denies Exporting US AI Servers to China
SiamAI said that it had not exported AI servers to China and that it complies with US export and re-export control laws.

By The Financial District
May 111 min read


Tesla Recalls Over 200,000 Vehicles Over Rearview Camera Failure
Tesla is recalling more than 200,000 Model Y, Model S, Model X, and Model 3 electric vehicles because of a software issue that can temporarily render the rearview camera inoperable. Loss of the rearview camera image may affect the driver’s visibility.

By The Financial District
May 111 min read


Cloudflare to Cut 20% of Workforce Amid AI Restructuring
Cloudflare said it will cut about 20% of its workforce as the company restructures operations around the growing adoption of artificial intelligence tools.

By The Financial District
May 111 min read


Intel Stock Soars After Report of Potential Apple Chip Deal
Intel shares surged about 14% after the Wall Street Journal reported that Apple and Intel had reached a preliminary chip-manufacturing agreement.

By The Financial District
May 111 min read


Globe Expands AI-Driven Network Automation to Boost Reliability Nationwide
Globe Telecom continues to enhance customer experience by embedding real-time intelligence and automation into its network, aiming to ensure seamless connectivity even under challenging conditions.

By The Financial District
May 112 min read


Google Settles Racial Discrimination Lawsuit for $50 Million
Google has agreed to settle a racial discrimination lawsuit filed by Black employees who alleged systemic disparities in hiring, pay, and career advancement.

By The Financial District
May 101 min read


SoftBank Explores Metal-Free Batteries as Tech Industry Faces Supply Chain Shifts
SoftBank is working to develop lithium- and cobalt-free batteries for its data centers, as Japan seeks to reduce reliance on Chinese-sourced metals.

By The Financial District
May 91 min read


Century Pacific Q1 Revenue Climbs 15% as Volume Growth Offsets Cost Pressures
Century Pacific Food Inc. (PSE: CNPF) reported unaudited first-quarter 2026 results showing resilient growth despite global uncertainty and rising input costs.

By The Financial District
May 81 min read


Copy of Copy of Master Template New
Ted Turner, the media entrepreneur who revolutionized television news by launching CNN, has died at the age of 87, the network announced.

By The Financial District
May 81 min read


First Gen Q1 Profit Drops 24% Following Gas Portfolio Stake Sale
First Gen Corporation reported a 24% decline in attributable net income for the first quarter of 2026, posting ₱3.6 billion compared with ₱4.8 billion in the same period last year.

By The Financial District
May 81 min read


Pennsylvania Sues Character.AI Over Chatbots Posing as Doctors
Pennsylvania has sued Character.AI, alleging that some of its chatbots illegally present themselves as licensed medical professionals.

By The Financial District
May 81 min read


PAGCOR Offers ₱2.9 Million in Prizes for June Nationwide Bingo Event
Philippine Amusement and Gaming Corporation (PAGCOR) is bringing another wave of excitement to bingo enthusiasts nationwide with the second leg of its quarterly “₱1K for ₱2M Nationwide Linked Bingo Games.”

By The Financial District
May 81 min read


Monde Nissin Q1 Profit Jumps as Food Business and Quorn Improve Margins
Monde Nissin Corporation reported a 9.1% increase in first-quarter 2026 consolidated revenue to ₱22.8 billion, while core net income attributable to shareholders rose 11.3% to ₱3.3 billion.

By The Financial District
May 71 min read


Nissan to Close UK Production Line, Cut 900 European Jobs
Nissan said it will stop operating one of its UK production lines and cut about 900 jobs across Europe.

By The Financial District
May 71 min read


SM Prime’s Signature Series Revamps Susana Heights Village
SM Prime Holdings Inc.’s premium residential brand, Signature Series by SM Residences, is set to transform Susana Heights Village in a bid to enhance everyday living and strengthen the estate’s long-term value for residents.

By The Financial District
May 72 min read
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