Markets in Asia and Europe took a hit Wednesday before Wall Street’s muted open. For months, markets have ignored elevated interest rates, stubborn inflation, trade turmoil and a patchy global economy, leading some to worry about whether hopes surrounding AI were creating a bubble that could burst. Markets in Asia …
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Gov’t execs express high hopes for PH start-ups
OUTLOOK. Department of Information and Communications Technology Secretary Henry Aguda challenges winners to have an initial public offering three years after posting profits, and to eventually become unicorns, or by having valuation of USD1 billion and more and have global market access during the 2025 Presidential Filipinnovation Awards in Pasay City …
Read More »Chrysler recalling 20,000 Jeep vehicles in Canada due to faulty battery that can catch fire
Owners of the vehicles — which include Jeep Wranglers with model years between 2020-2025 and Jeep Grand Cherokees with model years from 2022-2026 — are being advised to park the vehicles outside and away from structures until a remedy for the problem is determined. Owners of the Jeep plug-in hybrid …
Read More »PLDT earnings rise, shrug off impact of Maya’s gambling site delink
Manuel V. Pangilinan Telecommunications giant PLDT Inc. posted higher earnings in the third quarter even as its digital bank arm, Maya, experienced a slight setback in its growth momentum following its delinking from online gambling platforms. PLDT Chairman and Chief Executive Officer (CEO) Manuel V. Pangilinan said the company saw …
Read More »Questrade secures approval to launch a bank in Canada
Questrade’s president and CEO says the move will bring more competition to the Canadian banking landscape, which other financial technology companies have been pushing into in recent years. The move comes as other fintech companies also push more into the banking space. Questrade Financial Group, known to Canadians as an …
Read More »Carney’s immigration strategy comes during a shift in the economy — and public opinion on newcomers
With immigration levels already cut and some business leaders calling for more high-skilled talent, what should Carney’s new immigration strategy look like? After the last Liberal government cut immigration targets, will this one go further? Canadians will learn how the federal government is revising its immigration strategy in Tuesday’s budget, …
Read More »Shein bans sex dolls after France outrage over ‘childlike’ ones
People protest against the sale of child-like sex dolls by Chinese fast-fashion retailer Shein during in front of the BHV Marais department store in Paris, November 3, 2025. The slogans on placards read “Shame on Shein!”, “Shein is complicit in child pornography” and “BHV, your shop window shouldn’t hide this …
Read More »US Fed’s Cook warns inflation to stay ‘elevated’ next year
WASHINGTON, D.C. – A key US central bank official warned Monday that inflation would likely remain elevated in the coming year as tariffs bite, while vowing to fulfill her duties even as President Donald Trump seeks her removal. “My outreach to business leaders suggests that the pass-through of tariffs to …
Read More »Trump says China, other countries can’t have Nvidia’s top AI chips
ARTIFICIAL intelligence (AI) giant Nvidia’s most advanced chips will be reserved for US companies and kept out of China and other countries, US President Donald Trump said. During a taped interview that aired on Sunday on CBS’ “60 Minutes” program and in comments to reporters aboard Air Force One, Trump …
Read More »A toy maker takes his case against Trump’s tariffs to the Supreme Court
WASHINGTON — Within days of Donald Trump announcing his sweeping “Liberation Day” tariffs in April, Rick Woldenberg was looking for a law firm to help him sue the US president. “I’m not willing to allow politicians to destroy what we have built up over generations,” said Woldenberg, CEO of educational …
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