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Tire Maker Pirelli Has No Plans to Invest in The U.S.
Pirelli is not planning any investments in the United States at this time.

By The Financial District
Apr 201 min read


FedEx, UPS Reintroduce Surcharges on Chinese Imports Ahead of U.S. Tariff Shift
FedEx and UPS are once again imposing surcharges on shipments from China, Hong Kong, and neighboring regions as the U.S. prepares to end duty-free treatment for small-value imports.

By The Financial District
Apr 191 min read


Ferrari Reaffirms Commitment to Combustion, Hybrid, And Electric Powertrains
Ferrari will continue investing across all three powertrain categories—internal combustion, hybrid, and fully electric.

By The Financial District
Apr 191 min read


Clearview AI Co-Founder Ousted Amid Leadership Shake-up
Clearview AI co-founder Hoan Ton-That has been removed from the company’s board, marking a rapid descent from leadership after stepping down as CEO in December and resigning as president last month.

By The Financial District
Apr 191 min read


Hongkong Post Halts U.S. Parcel Shipments Over New Tariffs
Hongkong Post will suspend shipments of small parcels to the United States after Washington announced it would revoke a long-standing duty-free exemption on low-value goods, starting May 2.

By The Financial District
Apr 181 min read


Amazon Workers Battle Bureaucracy, Says CEO Andy Jassy
Amazon CEO Andy Jassy is taking aim at internal bureaucracy after receiving nearly 1,000 complaints from employees frustrated by red tape.

By The Financial District
Apr 171 min read


Metro Retail Net Sales Reach ₱39.62 Billion In 2024 On Expansion, Food Retail Growth
Metro Retail Stores Group, Inc. (MRSGI) reported net sales of P39.62 billion for 2024, a 3.5% increase from P38.27 billion in 2023, driven by its continued expansion and a 4.9% rise in food retail business.

By The Financial District
Apr 172 min read


SM Prime Sees Strong Demand For Mall-Based Offices
SM Offices, the office development arm of SM Prime Holdings, is experiencing robust demand for its mall-based office spaces as businesses continue to seek mixed-use developments that combine workplace convenience with lifestyle amenities.

By The Financial District
Apr 162 min read


Logitech Is Latest Firm To Junk Guidance Due To Trade Uncertainty
Logitech has become the latest company to withdraw its financial guidance amid mounting uncertainty surrounding global trade.

By The Financial District
Apr 161 min read


Meta’s AI Research Lab Is "Dying A Slow Death"
When Meta’s head of AI research, Joelle Pineau, announced her departure last week, many wondered what was happening with FAIR—the once-famed Meta AI lab she had led for the past two years.

By The Financial District
Apr 161 min read


Meta Faces Landmark Trial That Could Lead to Breakup of Instagram, WhatsApp
A historic antitrust trial against Meta Platforms Inc. has begun in Washington, raising the possibility that CEO Mark Zuckerberg could be forced to divest Instagram and WhatsApp.

By The Financial District
Apr 161 min read


Apple Airlifted 600 Tons of iPhones to U.S. to Try To Beat Tariffs
As high tariffs were set to hit some of its biggest suppliers—including those in China, India, and Vietnam—Apple reportedly chartered cargo flights to transport 600 tons, or about 1.5 million iPhones, to the U.S.

By The Financial District
Apr 161 min read


Pfizer Ends Development of Weight-Loss Pill Danuglipron After Safety Concerns
Pfizer has officially discontinued development of its experimental weight-loss pill, danuglipron, after a trial participant experienced a potential drug-induced liver injury.

By The Financial District
Apr 162 min read


Prada Cuts $1.4-B Deal to Buy Versace
Prada has struck a $1.4 billion deal to acquire fellow Italian fashion house Versace from Capri Holdings.

By The Financial District
Apr 162 min read


Intel CEO Invested in Hundreds of Chinese Companies—Some with Military Ties
Lip-Bu Tan, the man chosen to lead Intel—the U.S.'s largest chipmaker—has invested in hundreds of Chinese tech firms, including at least eight with links to the People’s Liberation Army (PLA).

By The Financial District
Apr 161 min read


Flying Taxis Are Finally Nearing Takeoff, Firm Claims
One of the biggest staples of science fiction—the flying car—could soon be taking to the skies. The only question is: which country will get there first?

By The Financial District
Apr 161 min read


ACEN Australia Completes AUD750 Million Financing for Renewables Push
ACEN Australia has successfully completed a AUD750 million portfolio debt financing package for its operating renewable assets and upcoming projects, reinforcing its role as a long-term investor in Australia’s clean energy transition.

By The Financial District
Apr 161 min read


Tesla Launches in Saudi Arabia Amid EV Push
Tesla has officially entered the Saudi market, opening its first showroom and service center in Riyadh.

By The Financial District
Apr 161 min read


Trump Touted His Panama Victory, But China May Scuttle It
A huge deal President Donald Trump touted as a victory in his campaign to “take back” the Panama Canal from China could be on the rocks amid pushback from Beijing.

By The Financial District
Apr 162 min read


UK Government Takes Over British Steel to Prevent Closure
The UK government has stepped in to take operational control of British Steel’s Scunthorpe plant—the country’s last facility capable of producing steel from scratch—following parliamentary approval of an emergency rescue bill.

By The Financial District
Apr 161 min read


300 Firms Use AI Startup Writer to Boost Operations
Artificial intelligence (AI) company Writer has drafted thousands of product description blurbs for cosmetics giant L’Oréal, answers to frequently asked questions for Uber, and social media content for Salesforce.

By The Financial District
Apr 161 min read


Subic Water Gets Extended Franchise
Subic Water and Sewerage Company, Inc. (Subicwater) and the Subic Bay Metropolitan Authority (SBMA) have signed a milestone agreement extending Subicwater’s franchise for another 20 years, until March 31, 2047.

By The Financial District
Apr 152 min read


PAGCOR Donates PHP90 Million for New Dialysis Center in Pampanga
In a major boost for accessible healthcare in Central Luzon, the Philippine Amusement and Gaming Corporation (PAGCOR) joined the Provincial Government of Pampanga on Friday, April 11, for the inauguration of the new Pampanga Provincial Dialysis Center I.

By The Financial District
Apr 132 min read


Universal Studios to Build First European Theme Park Near London
U.S. media giant Comcast Corp (CMCSA.O) is building its first Universal theme park and resort in Europe—located in Bedford, north of London—with plans to open in...

By The Financial District
Apr 112 min read
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