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    IBM SLASHES JOBS ACROSS US, FATE OF 352,600 EMPLOYEES HANGS
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    • May 24, 2020
    • 1 min

    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
    U.S. VIDEO GAMES INDUSTRY SALES ZOOM UNDER PANDEMIC
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    • May 23, 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
    HERTZ FILES FOR BANKRUPTCY PROTECTION
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    • May 23, 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
    U.S. WORKERS WARY OF RETURNING TO WORK; GENERAL STRIKE CALL MOUNTS
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    • May 21, 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
    NEW ZEALAND TO BOOST ECONOMY WITH NZ$ 27.7 BILLION
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    • May 21, 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
    JAPAN EXPORTS SINK THE MOST SINCE 2009
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    • May 21, 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
    MASTERCARD LETS STAFF WORK FROM HOME UNTIL PANDEMIC SUBSIDES
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    • May 20, 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
    CHINESE EXPERTS WARN COVID-19 VIRUS MAY BE MUTATING
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    • May 20, 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
    NON-PAYMENT OF CHINA DEBT GAINS CRESCENDO
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    • May 20, 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
    U.S. SURVEY: COVID-19 WORSENED HUNGER, DELAYED RENT PAYMENTS
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    • May 20, 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
    CUBA NOTCHES 82% RECOVERY RATE FOR COVID 19 PATIENTS
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    • May 20, 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
    TENS OF MILLIONS OF SURGERIES POSTPONED, LOSSES MOUNT FOR HOSPITALS
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    • May 20, 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
    ROLLS-ROYCE CUTS 9,000 JOBS IN JET ENGINE UNIT
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    • May 20, 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
    GLOBE STARTS WEEKLY RAPID ANTIBODY TESTING OF FRONTLINE EMPLOYEES
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    • May 20, 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
    MAGIC JOHNSON’S ASSIST: $100-M LOANS FOR MINORITY-OWNED BUSINESSES
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    • May 20, 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
    EUROPEAN CAR SALES REGISTER WORST DROP IN HISTORY
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    • May 19, 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
    UBER SLASHES 25% OF ITS STAFF DURING PANDEMIC
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    • May 19, 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
    BUREAU OF INTERNAL REVENUE COLLECTIONS DOWN BY A FOURTH
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    • May 19, 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
    UK UNEMPLOYMENT CLAIMS ZOOM 69%
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    • May 19, 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
    CDC PLANS COVID-19 ANTIBODY TESTS IN 25 US METROPOLITAN AREAS
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    • May 19, 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
    GOLD POISED TO SURPASS HISTORIC HIGH OF $1,900 AN OUNCE
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    • May 19, 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 its historic high of $1,900 an ounce. Paul La Monica of CNN Business on Monday, May 18, 2020 (Tuesday, May 19  in Manila) said that while the price of the precious metal retreated in March 2020 as the COVID-19 pandemic rampaged in the US, China and European Union (EU), gold came roaring back, with the price skyrocketing to $1,750 an ounce, a
    CUSTOMS COLLECTIONS DOWN 7.2%
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    • May 19, 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
    FRANCE, GERMANY PUT UP 500-B EURO RECOVERY PLAN FOR EU
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    • May 19, 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
    FDA STOPS BILL GATES’S FREE COVID-19 TESTING
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    • May 18, 2020
    • 1 min

    FDA STOPS BILL GATES’S FREE COVID-19 TESTING

    The U.S. Food and Drug Administration (FDA) has stopped the COVID-19 testing program in Seattle backed by Microsoft founder Bill Gates, sayi
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