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Amazon Pulls Zoox Self-Driving Cars From Las Vegas After Crash
Amazon’s self-driving car unit has recalled its vehicles after one of them crashed in Las Vegas.

By The Financial District
May 9, 20251 min read


MPIC Posts Strong Q1 Gains On The Back Of Core Infrastructure Strength
Metro Pacific Investments Corporation (MPIC) marked a robust start to 2025, posting a 17% year-on-year increase in Consolidated Core Net Income to ₱6.6 billion in the first quarter, up from ₱5.6 billion in the same period last year.

By The Financial District
May 9, 20252 min read


United Cancels Newark Flights After DOGE Firing Of Air Traffic Controllers
United Airlines has canceled 35 daily roundtrip flights to and from Newark Liberty International Airport due to a severe shortage of air traffic controllers.

By The Financial District
May 8, 20251 min read


Trump Orders Cuts To Small Federal Funding For NPR, PBS
President Donald Trump signed an executive order ending taxpayer subsidies for National Public Radio (NPR) and the Public Broadcasting Service (PBS).

By The Financial District
May 8, 20251 min read


OpenAI Walks Back Business Restructuring Plans
OpenAI has scrapped its controversial plan to restructure into a conventional corporate entity, opting instead to remain under nonprofit control.

By The Financial District
May 8, 20251 min read


Powering The Future: Why President Marcos Jr.’s Renewal Of Meralco’s Franchise Secures More Than Just Electricity
In a move that illuminates the Philippines’ path toward long-term energy security and industrial competitiveness, President Ferdinand R. Marcos Jr. has signed into law the bill extending the franchise of the Manila Electric Company (Meralco) for another 25 years.

By The Financial District
May 8, 20253 min read


PH Gaming Industry Hits ₱104.12-B In Q1 GGR, E-Games Surpass Casinos
The Philippine gaming industry recorded ₱104.12 billion in Gross Gaming Revenues (GGR) for the first quarter of 2025, marking a 27.44% year-on-year increase and a strong start to the year.

By The Financial District
May 8, 20251 min read


Mattel To Raise U.S. Prices As Tariffs Hit Toy Industry
Mattel, the maker of Barbie, said Monday it would raise prices on some of its U.S. products and withdrew its full-year financial forecast due to escalating tariffs.

By The Financial District
May 7, 20251 min read


Microsoft Permanently Shuts Down Skype
Skype, once the go-to platform for online video calls, has officially shut down after 22 years.

By The Financial District
May 7, 20251 min read


Apple To Source Billions In Chips From The U.S.
Apple plans to source more than $19 billion worth of chips from the United States this year, reflecting a broader shift in its global supply chain strategy to reduce dependence on China and increase iPhone production in India.

By The Financial District
May 7, 20251 min read


Shell Studying Merits Of BP Buyout, Bloomberg News Reports
Shell Plc is working with advisers to evaluate a potential acquisition of rival BP Plc, though it is waiting for further declines in stock and oil prices before deciding whether to pursue a bid.

By The Financial District
May 7, 20251 min read


Warren Buffett Shocks Shareholders By Announcing He’ll Retire By Year-End
Billionaire Warren Buffett surprised an arena full of shareholders by announcing that he will retire at the end of 2025, concluding a legendary six-decade run leading Berkshire Hathaway.

By The Financial District
May 7, 20251 min read


UPS Cutting 20,000 Jobs As Amazon Reduces Shipments
UPS has announced that it plans to cut 20,000 jobs worldwide this year in response to a decline in package volumes from Amazon, its largest customer.

By The Financial District
May 6, 20251 min read


Buffett Criticizes Trump’s Tariffs, Warns Against Using Trade As A Weapon
Billionaire investor Warren Buffett criticized President Donald Trump’s trade policies on Saturday, warning that the United States should not use “trade as a weapon” against other nations.

By The Financial District
May 6, 20251 min read


Are We Raising Champions Or Mercenaries?
A recent social media post by business leader and sports patron Ronald Mascariñas has stirred deep reflection—and no small measure of debate—on the evolving landscape of collegiate sports in the Philippines.

By The Financial District
May 6, 20253 min read


EU Fines TikTok $600 Million Over China Data Transfers
The European Union has fined TikTok 530 million euros ($600 million) for transferring user data to China in violation of the bloc’s strict privacy laws, following a four-year probe.

By The Financial District
May 5, 20251 min read


BCDA Investments Triple To PHP7.72 Billion In Q1 2025
The Bases Conversion and Development Authority (BCDA) secured PHP7.72 billion in investments from January to March 2025—more than triple the PHP2.49 billion recorded in the same period last year.

By The Financial District
May 5, 20252 min read


Amazon Is "Pretty Maniacally Focused’ On Keeping Prices Down
Amazon CEO Andy Jassy acknowledged ongoing uncertainty surrounding U.S. tariffs, saying, “It’s hard to tell where they’re going to settle and when they’re going to settle.”

By The Financial District
May 5, 20251 min read


Apple CEO Says Trump Tariffs To Cost Company $900-M In Q2
Apple CEO Tim Cook said that new tariffs imposed by President Donald Trump on imported supplies would cost Apple an additional $900 million in the June quarter, assuming no further escalation.

By The Financial District
May 5, 20251 min read


Major U.S. Companies Agonize Over Tariff Fallout
Executives at some of America’s largest corporations are sounding the alarm about how President Donald Trump’s tariffs are affecting their business.

By The Financial District
May 5, 20251 min read


TikTok Plans To Build €1 Billion Data Center In Finland
TikTok plans to invest €1 billion ($1.14 billion) to build its first data center in Finland as part of its effort to relocate data storage for European users to the continent.

By The Financial District
May 5, 20251 min read


Maker Of Royal Match Raises $2.5-B In Debt And Equity
Dream Games, the Turkish mobile game developer behind Royal Match, has raised approximately $2.5 billion in a combined debt and equity deal.

By The Financial District
May 5, 20251 min read


Andersen Global Deepens Philippine Presence
Andersen Global continues to reinforce its presence in the Asia Pacific with the announcement of a new collaboration with Du-Baladad and Associates, a top-ranked tax and corporate services firm in the Philippines.

By The Financial District
May 4, 20252 min read


Retail’s New Rules: Inside HappyOrNot’s 2025 Customer Experience Insights
In an age of intensifying competition and rising consumer expectations, retail success increasingly hinges not just on price or product—but on experience.

By The Financial District
May 3, 20252 min read
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