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Toyota Cuts 2024 Global Output Target To 9.8 Million Units
Toyota Motor Corp. has reduced its annual global production target to approximately 9.8 million units from the previous goal of around...

By The Financial District
Aug 12, 20241 min read


Temu's Billionaire Founder Now China’s Richest Man
Temu’s founder Colin Huang has become China’s richest man with a net worth of $48.6 billion (€44.50 billion), according to the Bloomberg...

By The Financial District
Aug 12, 20241 min read


Paramount Cuts 15% Of U.S. Staff, Writes Down $6 Billion Of Cable TV Value
Paramount Global, the storied media conglomerate has announced that it will lay off 15% of its U.S. staff and write down $6 billion in the..

By The Financial District
Aug 12, 20241 min read


PH Q2 Gross Gaming Revenues Up 32.32% To PHP89.23 Billion
The Philippine Amusement and Gaming Corporation (PAGCOR) reported a significant rise in the country’s Gross Gaming Revenues (GGR) for the...

By The Financial District
Aug 12, 20241 min read


U.S. Regulator Opens Investigation Into Over 77,000 Nissan SUVs
The US auto safety regulator, the National Highway Traffic Safety Administration (NHTSA), has launched a preliminary evaluation into...

By The Financial District
Aug 12, 20241 min read


Warner Bros. Discovery Share Price Tanks After Massive Impairment Charge
Warner Bros. Discovery's stock price fell as much as 12% in early trading after the company reported disappointing second-quarter earnings..

By The Financial District
Aug 12, 20241 min read


$900 Billion Wiped Off Nvidia Stock While AI Spending Ramps Up
Nvidia Corp. has seen a $900 billion selloff since its record high in June, which might suggest that the artificial intelligence (AI)...

By The Financial District
Aug 11, 20242 min read


FTX Ordered To Pay $12.7 Billion To Customers
A U.S. court has ordered the bankrupt cryptocurrency exchange FTX to pay $12.7 billion in relief to its customers.

By The Financial District
Aug 11, 20241 min read


Google's Antitrust Loss Could Put Billions At Risk For Apple
Google has suffered a staggering blow to its search and advertising business as District of Columbia Judge Amit Mehta ruled in favor of...

By The Financial District
Aug 11, 20242 min read


DigiPlus Net Income Expands 389 Percent To PHP3.2 Billion In Q2 Of 2024
DigiPlus Interactive Corp. (DigiPlus), the leading digital entertainment company in the Philippines, has reported an impressive net income..

By The Financial District
Aug 10, 20242 min read


Meralco Committed To Public Safety And Urban Aesthetics
The Manila Electric Company (MERALCO) has recently conducted a crucial wire clearing operation within the historic Intramuros in Manila in..

By The Financial District
Aug 10, 20242 min read


Meralco And May Harvest Forge Sustainable Future
The Manuel V. Pangilinan-led Manila Electric Company (Meralco) has reinforced its partnership with May Harvest Corporation, one of the...

By The Financial District
Aug 10, 20243 min read


Google Has Illegal Monopoly Over Internet Search, Judge Rules
A judge has ruled that Google’s ubiquitous search engine has been illegally exploiting its dominance to squash competition and stifle...

By The Financial District
Aug 9, 20242 min read


Nissan Developing "Cool Paint" To Keep Drivers Cooler
Nissan has revealed what it called a “cool paint” designed to keep people inside cars cooler, although the coating is six times thicker...

By The Financial District
Aug 9, 20241 min read


Aramco Reports Lower Half-Year Profits As Energy Demand Worries Mount
Saudi oil giant Aramco reported half-year profits on Tuesday of $56.3 billion, down from the previous year due to weakening volumes sold...

By The Financial District
Aug 9, 20241 min read


Musk Attends Child Custody Hearing In Texas
Elon Musk appeared in Travis County family court in Austin, Texas amid an ongoing custody dispute with the mother of three of his children.

By The Financial District
Aug 9, 20241 min read


Bill Ackman’s Pershing Loses 4.7% In July, Erases 2024 Gains
Bill Ackman’s main hedge fund, Pershing Square Holdings, saw most of its 2024 gains wiped out in the latter half of July.

By The Financial District
Aug 8, 20241 min read


Intel Suffers Worst Stock Decline In Decades
Intel Corp. shares experienced their largest decline in more than 40 years after the company issued a grim growth forecast and announced...

By The Financial District
Aug 8, 20241 min read


Ayala’s ACEN Logs 49 Percent Surge In Net Income To PHP6.3 Billion In H1 2024
ACEN, the renewable energy platform of the Ayala Group, has reported a remarkable 49 percent increase in consolidated net income, reaching..

By The Financial District
Aug 8, 20242 min read


Buffett’s Berkshire Hathaway Nearly Halves Stake In Apple
Warren Buffett’s Berkshire Hathaway has significantly reduced its stake in Apple, cutting its holdings by nearly 50%.

By The Financial District
Aug 8, 20241 min read


Montenegro Court Approves Crypto Fugitive's Extradition
A Montenegro appeals court has cleared the way for the extradition of cryptocurrency entrepreneur Do Kwon to South Korea, where he is...

By The Financial District
Aug 8, 20241 min read


EU Approves Hewlett Packard Enterprise's $14 Billion Juniper Deal
The EU Commission on Thursday unconditionally approved the $14 billion takeover of networking gear maker Juniper Networks by Hewlett...

By The Financial District
Aug 8, 20241 min read


Judge Overturns $4.7 Billion NFL "Sunday Ticket" Verdict
A California judge has overturned a jury verdict ordering the NFL to pay more than $4.7 billion for antitrust violations related to its...

By The Financial District
Aug 8, 20241 min read


Audi's New China EV Series Won't Have Signature Four-Ring Logo
Audi's new electric vehicle series developed in China for the Chinese market will not feature its iconic four-ring logo, according to two...

By The Financial District
Aug 8, 20241 min read
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