Photo Credit: YouTube BEIJING — China on Wednesday said its economy grew a forecast-beating 5.4 percent in the first quarter as exporters rushed to get goods out of factory gates ahead of swingeing new US tariffs. Beijing and Washington are locked in a fast-moving, high-stakes game of brinkmanship since US …
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WASHINGTON, D.C. — Social media titan Mark Zuckerberg testified for a second day Tuesday in a landmark US antitrust trial, defending his conglomerate Meta against accusations it took over Instagram and WhatsApp to devour budding competitors. The federal court trial in Washington has dashed Zuckerberg’s hopes that the return of …
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Korean Finance Minister Choi Sang-mok speaks during a trilateral meeting with U.S. Treasury Secretary Janet Yellen and Japanese Finance Minister Shunichi Suzuki on the sidelines of the IMF/G20 meetings, at the U.S. Treasury in Washington, U.S., April 17, 2024. REUTERS/Kevin Lamarque/File Photo SEOUL — South Korea’s finance minister Choi Sang-mok …
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The U.S. Federal Trade Commission claims that by acquiring WhatsApp and Instagram, Meta aimed to eliminate competitors who could threaten Facebook’s status as the go-to social media platform. FTC claims that in acquiring the two platforms, Meta aimed to eliminate competitors. Mark Zuckerberg, the CEO of Meta Platforms, took the …
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SEOUL — South Korea on Tuesday announced plans to invest an additional $4.9 billion in the country’s semiconductor industry, citing “growing uncertainty” over US tariffs. “An aggressive fiscal investment plan has been devised to help local firms navigate mounting challenges in the global semiconductor race,” the finance ministry said in …
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Photo Credit: Vanguard WASHINGTON, D.C. — The United States opened the door on Monday to tariffs targeting high-end technology and pharmaceuticals, feeding the uncertainty gripping the global economy in a trade war that Chinese leader Xi Jinping warned can have “no winner.” After weeks of indications such a move was …
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A pedestrian walks past an electronic quotation board displaying share prices of the Nikkei 225 Index (R, top) and other Asian stock markets in Tokyo on February 26, 2020 (Kazuhiro NOGI / AFP) HONG KONG, China — Stocks rose on Monday as trade war fears were tempered by Donald Trump’s …
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SteelAsia Manufacturing Corp., a leader in steel manufacturing, has signed an agreement with Italy-based Danieli Co. Ltd. to establish the country’s first heavy steel sections mill in Candelaria, Quezon. In a statement, SteelAsia said the project, which will cost approximately ₱30 billion, will be the first manufacturing facility in the …
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Courtesy: Department of Transportation (DOTr) The Department of Transportation (DOTr) said it expects the Manila to Malolos segment or Phase 1 of the North South Commuter Rail Project to become operational by the end of 2026 or early 2027. DOTr Secretary Vince Dizon said President Ferdinand Marcos Jr. ordered the …
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Although recovering from the 11-year-low inflows in December last year, foreign-led brick-and-mortar investments at the start of 2025 declined by 20 percent to $731 million, according to the Bangko Sentral ng Pilipinas (BSP). The latest BSP data released on Thursday, April 10, showed that foreign direct investment (FDI) net inflows …
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