Business

SOFTBANK Group CEO Masayoshi Son plans to borrow $16 billion to invest in artificial intelligence (AI), the company’s executives told banks last week, The Information tech news website reported on Saturday, citing people familiar with the matter. SoftBank CEO Masayoshi Son attends an event to pitch AI for businesses in …

Caltex, marketed by Chevron Philippines, Inc. (CPI), recorded significant growth in 2024 through an expanded retail network and strategic partnerships, improving accessibility and service quality for Filipino motorists. The company opened over 40 new fuel stations nationwide, reinforcing its presence beyond the National Capital Region to key areas in Luzon, …

For the seventh consecutive year, the Top Employer Institute has recognized Boehringer Ingelheim as a Top Employer in the Philippines. The company also earned the “Global Top Employer” title for the fifth year in a row and the Asia Pacific Top Employer award for the sixth straight year.  Boehringer Ingelheim …

Jaime Zobel Urquijo (left) and Jaime Alfonso Zobel de Ayala (right), the two young faces of Ayala Group’s future  Amid unprecedented volatility and change, the country’s oldest conglomerate, with two young Jaimes, has vowed to double down on its consumer commitment, integrating its diverse businesses for growth. Leveraging synergies across …

In this file photo, Microsoft chief executive Steve Ballmer speaks during an announcement May 10, 2011 in San Francisco, California (AFP / Kimihiro Hoshino, file)  SAN FRANCISCO United States — Microsoft on Friday announced it was retiring Skype, the online voice and video call pioneer that the tech titan acquired …

Photo Credit: Reuters LONDON — Bitcoin dropped below $90,000 to its lowest since Nov. 18 on Tuesday, as market nerves over US tariffs reinforced the blow to crypto investor confidence from last week’s $1.5 billion hack of ether from the Bybit exchange. Bitcoin, the world’s largest cryptocurrency by market value, …

Photo Credit: AP HP Inc. beat first-quarter (Q1) revenue estimates on Thursday, driven by strength in its personal systems segment and growing demand for artificial intelligence (AI)-capable systems. The company also said it would lay off an additional 1,000 to 2,000 employees as part of its previously announced restructuring plan. …

ABS-CBN Corp. said Thursday it signed a deal to sell three hectares of its property in Quezon City to developer Ayala Land Inc. for P6.2 billion. ABS-CBN said in a disclosure to the Philippine Stock Exchange it signed a memorandum of agreement with Ayala Land for the sale of 30,000 …

The CRTC says it will impose a fee on Google to recover the cost of enforcing a law that requires large internet platforms to pay for news content on their websites.  Levy comes at a time of increased tension between Canada and the United States. Canada’s telecommunications regulator said on …

Cars are seen outside the Toyota car showroom in Stockport, Britain, May 26, 2020. REUTERS/Jason Cairnduff/File Photo  TOKYO— Toyota Motor said on Thursday its worldwide production rose for the first time in a year in January, as it ramped up output in Japan after recovering from last year’s certification scandal …