Business

Velocita Motors inaugurates permanent home Ferrari has opened its new permanent home in a state-of-the-art facility in Connecticut Street, in San Juan City. Operated by Ferrari’s official importer and distributor in the Philippines, Velocita Motors, Inc., the showroom is envisioned as a dynamic community hub where Ferrari owners can celebrate …

Investment pledges registered with the Board of Investments (BOI), the government’s premier investment promotion and generating agency, from January to date (April 17) reached P607 billion, a 15 percent jump from the January to April 2023 performance. In January to April 2023, the BOI logged P527.24 billion worth of investment …

Federal budget references to mortgage products aimed at Canadian Muslims have members of the community celebrating, along with the mortgage providers that look to serve them, despite a lack of detail from the government on what is to come.  Government indicated that it’s ‘exploring new measures to expand access.’ Federal …

Tesla is recalling 3,878 Cybertrucks to fix an accelerator pedal pad that could come loose and get lodged in the interior trim, the U.S. National Highway Traffic Safety Administration said.  Stuck accelerator pedal could cause the vehicle to accelerate unintentionally, U.S. agency says. Tesla is recalling 3,878 Cybertrucks to fix …

Environment Minister Steven Guilbeault’s department has been battling with banks for almost two years over how carbon rebates are labelled when they are deposited directly into bank accounts.  Change to the law would affect all government deposits. Canadian banks that refuse to identify the carbon rebate by name when doing …

TOKYO: Japanese inflation slowed to 2.6 percent in March, largely in line with market expectations, data showed on Friday. The year-on-year rise in prices excluding volatile fresh food against a market consensus of 2.7 percent followed a 2.8-percent February increase, in part thanks to lower gas bills. Stripping out fresh …

Google said on Thursday it has terminated 28 employees after some staff participated in protests against the company’s cloud contract with the Israeli government.  Some workers call move an ‘act of retaliation,’ say non-protesters also fired. Google said on Thursday it has terminated 28 employees after some staff participated in …

Canada’s inflation rate went up slightly in March compared to February, with Statistics Canada pointing out gasoline prices are partly behind the increase, along with shelter costs such as mortgage interest rates and rent.  Year-over-year inflation is up slightly but dropped when excluding gasoline prices. Canada’s inflation rate went up …

A technical error by Tim Hortons led coffee drinkers across Canada to falsely believe they had won a $55,000 boat as part of the franchise’s Roll Up To Win promotion.  Coffee chain sent email to contest participants Wednesday, apologizing for the error. A technical error by Tim Hortons led coffee …

Tesla will lay off more than 10 per cent of its global workforce, an internal memo seen by Reuters on Monday shows, as it grapples with falling sales and an intensifying price war for electric vehicles.  Stock underperforming legacy automakers like Toyota, General Motors. Tesla will lay off more than …