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Walmart Tops Global 500 Revenue List
Walmart has once again claimed the top spot in Fortune’s latest Global 500 ranking.

By The Financial District
Aug 71 min read


Trump Slaps 25% Tariff on Indian Exports to U.S.
President Donald Trump has announced that the U.S. will impose a 25% tariff on Indian exports following the collapse of negotiations over a limited trade agreement.

By The Financial District
Aug 71 min read


Brazil Beef-Packers Say They’ll Lose $1B If U.S. Tariffs Apply
Brazil’s beef-packing industry could face $1 billion in losses if the United States imposes a 50% tariff on Brazilian beef exports, according to Abiec, a trade group representing major firms like JBS and Marfrig.

By The Financial District
Aug 71 min read


Samsung Is Best Positioned to Compete With TSMC
Samsung—not Intel—is best positioned to emerge as the world’s leading alternative to Taiwan Semiconductor Manufacturing Co. (TSMC).

By The Financial District
Aug 71 min read


Chinese Trade Shift to EU From U.S. Would Cut Euro Zone Inflation: ECB
A major shift in Chinese trade away from the United States would likely lower euro zone inflation next year.

By The Financial District
Aug 72 min read


Harris Won’t Run For California Governor
Kamala Harris has announced that she will not run for California governor next year.

By The Financial District
Aug 71 min read


Canada To Recognize Palestinian State
Prime Minister Mark Carney has announced that Canada will recognize a Palestinian state unless Israel agrees to a cease-fire in Gaza.

By The Financial District
Aug 61 min read


Stocks End Despite Higher Volatile Run
The Philippine Stock Exchange (PSE) went on a volatile run today, rising to a higher level but disintegrating toward the close. Despite the late slump, the index still gained 17.02 points, or 0.27 percent, to close at 6,370.65.

By The Financial District
Aug 62 min read


Trump Slaps 50% Tax On Brazilian Products
President Trump has announced that many goods imported into the U.S. from Brazil will immediately face a 50% tariff. It is the highest tariff imposed by the president this year and was enacted two days ahead of schedule.

By The Financial District
Aug 61 min read


Fed’s Rate Pause Was Its Most Contentious Decision in Decades
When the Federal Reserve announced that it would hold interest rates steady for a fifth consecutive meeting, it also revealed that two top Fed officials had voted against the decision—something that hasn’t happened since 1993.

By The Financial District
Aug 61 min read


Palo Alto Networks Could Acquire Israel’s CyberArk
Palo Alto Networks is reportedly in talks to acquire an Israeli cybersecurity company in what could become one of the biggest tech deals of the year.

By The Financial District
Aug 61 min read


Dems Invoke Law to Secure Epstein Files From DOJ
Faced with a criminal president and a GOP congressional majority wholly devoted to shutting down any and all transparency and accountability for him, Democrats will need to get resourceful in their efforts to break through that wall.

By The Financial District
Aug 62 min read


Daniel Ek Isn’t Happy with Spotify’s Ad Business
Spotify shares dropped more than 10% after the audio streaming giant released its second-quarter financial results.

By The Financial District
Aug 61 min read


EU Scores Temu For Neglecting to Protect Consumers
The European Union (EU) has criticized Chinese retailer Temu for being negligent in protecting consumers from dangerous products, accusing the company of treating safety and regulatory requirements in a cavalier fashion.

By The Financial District
Aug 61 min read


Figma Raises Potential Value of Its US IPO To $1.2 Billion
Figma has increased the potential size of its US initial public offering to $1.2 billion, as the app design and collaboration software company nears what could be one of the biggest listings of the year.

By The Financial District
Aug 61 min read


UK’s Fintech Giant Revolut to Open Global Hub In PH
The United Kingdom’s leading financial technology (fintech) firm, Revolut—which currently serves over 60 million users and facilitates more than half a billion transactions every month worldwide—is set to establish its second Global Tech Hub in Asia, right in the Philippines.

By The Financial District
Aug 63 min read


THE COST OF CONNECTION: How NGCP’s Greed and ERC’s Final Stand Are Shocking the Nation into Awakening
For years, NGCP—the National Grid Corporation of the Philippines—has operated like an empire behind the wires: cloaked in technicality, shielded by privilege, and emboldened by a regulatory fog thick enough to hide their more indulgent habits.

By Lito U. Gagni
Aug 63 min read


Sony to Take Stake in Bandai Namco in Anime Deal
Sony Group Corp. will take a 2.5% stake in major Japanese toymaker Bandai Namco Holdings Inc. for 68 billion yen ($464 million) as the two companies join forces in the anime business.

By The Financial District
Aug 61 min read


Mexican Tomato Exporters Get Hit on the Chin by Trump’s 17% Tariff
The Trump administration’s decision to impose a 17% duty on fresh tomatoes imported from Mexico has created a dilemma for the country that supplies more tomatoes to U.S. consumers than any other.

By The Financial District
Aug 61 min read


PSE Index Inches Up as August Worries Weigh on Financials
The Philippine Stock Exchange (PSE) index edged slightly higher today, closing at 6,353.63 points—up by 4.98 points or 0.08%—as the looming “Ghost Month” in August put pressure on financial stocks, which fell by 1.19%, while other sectors posted modest gains.

By The Financial District
Aug 52 min read


China Offers Parents $1,500 To Make More Babies
Parents in China are being offered 3,600 yuan (£375; $500) per year for each of their children under the age of three in the government's first nationwide subsidy aimed at boosting birth rates.

By The Financial District
Aug 51 min read


KL Boosts Tech, LNG Purchases From U.S. As Part Of Trade Deal
Malaysia will spend up to $150 billion over the next five years to buy equipment from U.S. multinationals for its semiconductor, aerospace, and data center sectors.

By The Financial District
Aug 51 min read


China OKs Export Of Coffee By 183 Brazilian Firms
China has approved 183 new Brazilian coffee companies to export products to the Chinese market.

By The Financial District
Aug 51 min read


Americans Will Pay More For Clothes, Food After Trump’s Tariffs
In April, U.S. President Donald Trump announced sweeping new tariffs—extra taxes that importers must pay on goods brought into the country.

By The Financial District
Aug 52 min read
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