IBM SLASHES JOBS ACROSS US, FATE OF 352,600 EMPLOYEES HANGS
IBM, a venerable 110-year-old pioneer in computing, has told the Wall Street Journal and Bloomberg that it is axing a number of workers in t
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The Financial District
- May 24, 2020
- 1 min
HERTZ FILES FOR BANKRUPTCY PROTECTION
The iconic Hertz rent-a-car pioneer in the US has filed for bankruptcy protection after failing to meet payments on its $17-billion debt, sa
The Financial District
- May 24, 2020
- 1 min
U.S. VIDEO GAMES INDUSTRY SALES ZOOM UNDER PANDEMIC
Spending on video games in the U.S. jumped to a new April record as locked-down consumers sought refuge in play, industry figures released F
The Financial District
- May 22, 2020
- 1 min
JAPAN EXPORTS SINK THE MOST SINCE 2009
Japan’s exports have sunk as the world grapples with the COVID-19 pandemic and the trade rivalry between China and the US frazzles global ma
The Financial District
- May 22, 2020
- 2 min
U.S. WORKERS WARY OF RETURNING TO WORK; GENERAL STRIKE CALL MOUNTS
American workers are wary of returning to work as 50 states partially reopened their economies, with unions arguing it is still not safe to
The Financial District
- May 22, 2020
- 1 min
NEW ZEALAND TO BOOST ECONOMY WITH NZ$ 27.7 BILLION
New Zealand announced on Thursday that its public debt will more than double over the next three years as it unveiled a massive investment p
The Financial District
- May 21, 2020
- 2 min
TENS OF MILLIONS OF SURGERIES POSTPONED, LOSSES MOUNT FOR HOSPITALS
Tens of millions of surgeries are being postponed as a result of the pandemic, The Economist reported on May 18, 2020, with the UK's Nationa
The Financial District
- May 21, 2020
- 1 min
U.S. SURVEY: COVID-19 WORSENED HUNGER, DELAYED RENT PAYMENTS
More than 10% of U.S. households have been having difficulty getting food and 25% of respondents said they are scrounging for money to pay t
The Financial District
- May 21, 2020
- 2 min
NON-PAYMENT OF CHINA DEBT GAINS CRESCENDO
U.S. President Trump’s moves against China have so far not taken the ultimate assault on Beijing, which means not paying the $1.1 trillion t
The Financial District
- May 21, 2020
- 1 min
CHINESE EXPERTS WARN COVID-19 VIRUS MAY BE MUTATING
Doctors looking into COVID-19 patients in Northern China have warned that the latest cases in Jilin and Heilongjiang provinces appear to har
The Financial District
- May 21, 2020
- 2 min
GLOBE STARTS WEEKLY RAPID ANTIBODY TESTING OF FRONTLINE EMPLOYEES
As the government eases up community quarantine restrictions, Globe Telecom has started the weekly rapid antibody testing of all its frontli
The Financial District
- May 21, 2020
- 1 min
MAGIC JOHNSON’S ASSIST: $100-M LOANS FOR MINORITY-OWNED BUSINESSES
Earvin “Magic” Johnson has offered $100 million in loans to minority-owned businesses left out of the Paycheck Protection Program (PPP) of t
The Financial District
- May 21, 2020
- 1 min
CUBA NOTCHES 82% RECOVERY RATE FOR COVID 19 PATIENTS
Cubahas registered an 82% recovery rate for all COVID-19 patients, one of the highest in the world, and had no single fatality for one week
The Financial District
- May 21, 2020
- 1 min
MASTERCARD LETS STAFF WORK FROM HOME UNTIL PANDEMIC SUBSIDES
Mastercard is letting its employees worldwide to work from home until they are sure that the COVID-19 pandemic is under control, Noor Zainab
The Financial District
- May 21, 2020
- 1 min
ROLLS-ROYCE CUTS 9,000 JOBS IN JET ENGINE UNIT
Rolls-Royce, the British maker of jet engines, said on May 20, 2020 that it will slash at least 9,000 jobs and cut costs elsewhere, admittin
The Financial District
- May 20, 2020
- 1 min
BUREAU OF INTERNAL REVENUE COLLECTIONS DOWN BY A FOURTH
Collections of the Bureau of Internal Revenue for the January to April period declined by a fourth compared to its year ago level as the eff
The Financial District
- May 20, 2020
- 1 min
CDC PLANS COVID-19 ANTIBODY TESTS IN 25 US METROPOLITAN AREAS
The US Centers for Disease Control and Prevention (CDC) plans a nationwide study covering up to 325,000 people to track how the new coronavi
The Financial District
- May 20, 2020
- 1 min
UK UNEMPLOYMENT CLAIMS ZOOM 69%
Unemployment claims in Britain skyrocketed 69% in April, as the COVID-19 pandemic took hold and hit the labor market, United Kingdom authori
The Financial District
- May 20, 2020
- 1 min
GOLD POISED TO SURPASS HISTORIC HIGH OF $1,900 AN OUNCE
Gold has shown its strength as an asset, beating all other commodities by shooting its price through the roof and threatening to surpass...
The Financial District
- May 20, 2020
- 1 min
CUSTOMS COLLECTIONS DOWN 7.2%
The Bureau of Customs reported collections of P179.44 billion from January to April this year, down by 7.29% from its year ago level of P193
The Financial District
- May 20, 2020
- 1 min
EUROPEAN CAR SALES REGISTER WORST DROP IN HISTORY
European car sales have hit rock bottom in April 2020 as dealerships were shuttered because of the COVID-19 pandemic and buyers hid in their
The Financial District
- May 20, 2020
- 1 min
FRANCE, GERMANY PUT UP 500-B EURO RECOVERY PLAN FOR EU
Despite suffering from recession and facing sluggish economic growth in the next two years, Germany and France have taken the cudgels for th
The Financial District
- May 20, 2020
- 1 min
UBER SLASHES 25% OF ITS STAFF DURING PANDEMIC
Uber has cut 25% of its staff during the COVIDS-19 pandemic, with 3,000 employees getting separated on top of the 3,700 staffers laid off tw
The Financial District
- May 19, 2020
- 1 min
EU FIRM NOTES DEMAND FOR PLANT-BASED ‘MEAT’ ZOOMED 31% IN 2 YEARS
European firm ADM WILD Europe GmbH & Co. KG has predicted that demand for plant-based protein will possibly hit the roof after registering a
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