The Financial District

21/12/2024

President-elect Donald Trump announced that SoftBank Group Corp. plans to invest $100 billion in the United States over the next four years during an event alongside CEO Masayoshi Son.

President-elect Donald Trump announced that SoftBank Group Corp. plans to invest $100 billion in the United States over the next four...

21/12/2024

Luxury automaker Lamborghini has postponed the release of its first fully electric vehicle (EV) to 2029, citing market unpreparedness.

21/12/2024

Arm Holdings Plc’s legal dispute with Qualcomm Inc. is being argued before a federal jury in Delaware this week, pitting two of the world’s most influential chipmakers against each other.

Arm Holdings Plc’s legal dispute with Qualcomm Inc. is being argued before a federal jury in Delaware this week, pitting two of the...

21/12/2024

European Union regulators imposed fines totaling €251 million on Meta, Facebook’s parent company, following an investigation into a 2018 data breach that exposed millions of user accounts.

European Union regulators imposed fines totaling €251 million on Meta, Facebook’s parent company, following an investigation into a 2018...

21/12/2024

The Philippine Stock Exchange, Inc. (PSE) index moved up to a milestone level Friday on bargain hunting but still exhibited a bearish sentiment, shedding 70 points during the session to close at 6,406.38 points, a modest increase of 10.78 points or 0.17 percent.

The Philippine Stock Exchange (PSE) index moved up to a milestone level Friday on bargain hunting but still exhibited a bearish sentiment...

20/12/2024

The CEO of Peak Design, a company known for its premium backpacks, says he and his employees have received threats after he identified one of the company’s bags in the surveillance footage related to the shooting of UnitedHealthcare CEO Brian Thompson.

The CEO of Peak Design, a company known for its premium backpacks, says he and his employees have received threats after he identified one..

20/12/2024

The union representing over 10,000 Starbucks workers has authorized a possible strike amid unresolved disputes over wages, staffing, and labor practices.

The union representing over 10,000 Starbucks workers has authorized a possible strike amid unresolved disputes over wages, staffing, and...

20/12/2024

Japanese automakers Honda 本田技研工業 Motor and Nissan Motor are set to begin discussions on a potential merger, aiming to bolster their competitiveness against Tesla and other electric vehicle (EV) makers.

Japanese automakers Honda Motor and Nissan Motor are set to begin discussions on a potential merger, aiming to bolster their...

20/12/2024

Iranian crude exports to China have been disrupted by expanded US sanctions on tankers, squeezing oil flows to the OPEC producer’s most important customer.

Iranian crude exports to China have been disrupted by expanded US sanctions on tankers, squeezing oil flows to the OPEC producer’s most...

20/12/2024

Fitch commended the progress in reducing inflation in the Philippines, which averaged 3.2 percent in the first 11 months of 2024 compared to 6.0 percent last year.

Fitch commended the progress in reducing inflation in the Philippines, which averaged 3.2 percent in the first 11 months of 2024 compared...

20/12/2024

The accession of Britain to a trans-Pacific free trade pact, which includes member countries with ties to the region, has taken effect, marking the first expansion of the framework since its inception in 2018.

The accession of Britain to a trans-Pacific free trade pact, which includes member countries with ties to the region, has taken effect...

20/12/2024

U.S. stocks suffered one of their worst days of the year after the Federal Reserve indicated that it may deliver fewer rate cuts in 2025 than previously anticipated.

U.S. stocks suffered one of their worst days of the year after the Federal Reserve indicated that it may deliver fewer rate cuts in 2025...

20/12/2024

Prime Minister Justin Trudeau’s government reported a significantly larger deficit than anticipated, breaking a fiscal promise made by Finance Minister Chrystia Freeland, who resigned on the same day she was set to present updated financial forecasts.

Prime Minister Justin Trudeau’s government reported a significantly larger deficit than anticipated, breaking a fiscal promise made by...

20/12/2024

Finance Secretary Ralph G. Recto highlighted the recent signing of agreements to launch five Public-Private Partnership (PPP) transportation projects as a significant milestone for Filipinos this Christmas season.

Finance Secretary Ralph G. Recto highlighted the recent signing of agreements to launch five Public-Private Partnership (PPP)...

20/12/2024

Meta Platforms has reached a A$50 million ($31.85 million) settlement with Australia’s privacy watchdog, resolving an expensive legal dispute related to the Cambridge Analytica scandal.

Meta Platforms has reached a A$50 million ($31.85 million) settlement with Australia’s privacy watchdog, resolving an expensive legal...

20/12/2024

California Governor Gavin Newsom may have hoped the $20 minimum wage hike he signed into law last year for most fast-food workers would bypass the principles of free-market economics.

California Governor Gavin Newsom may have hoped the $20 minimum wage hike he signed into law last year for most fast-food workers would...

19/12/2024

South Korean companies are reconsidering their $54 billion investment plans to build electric vehicle (EV) battery plants in the US over concerns that President-elect Donald Trump might undo tax credits for EVs.

South Korean companies are reconsidering their $54 billion investment plans to build electric vehicle (EV) battery plants in the US over...

19/12/2024

German industrial giant Bosch plans to cut approximately 8,250 jobs globally in its Mobility sector over the coming years.