Business

NEW YORK — ExxonMobil on Wednesday (Thursday in Manila) disclosed a 6 percent drop in first-quarter petroleum production due to Middle East war-related outages, according to a securities filing. The war, beginning with the Feb. 28 US-Israeli attack on Iran, lifted oil prices to more than $100 a barrel in recent …

BENGALURU/ABU DHABI — Mubadala Investment Co., among the biggest sovereign wealth funds globally, said on Thursday its assets under management rose 17 percent to $385 billion in 2025. The company, based in Abu Dhabi, credited the strong performance of its portfolio in the United Arab Emirates (UAE) for its growth last …

Travelers wait in a lines to get through security at LaGuardia Airport in New York, Monday, March 30, 2026. (AP Photo/Seth Wenig) A new reality is setting in for travelers worldwide: rising fares and fees, fewer flight options and difficult decisions about whether a trip is worth the cost. The …

An Intel logo appears in this illustration taken August 25, 2025 (Reuters/Dado Ruvic/Illustration)  INTEL said on Tuesday it will join Elon Musk’s Terafab AI chip complex project with SpaceX and Tesla to make processors powering the tech billionaire’s robotics and data center ambitions. Intel’s shares jumped more than 2 percent …

The Apple logo is seen during the preview of the redesigned and reimagined Apple Fifth Avenue store in New York, U.S., September 19, 2019 (Reuters/Brendan McDermid/File Photo© Thomson Reuters) APPLE has been encountering setbacks in the engineering test phase of its first foldable iPhone, which could lead to delays in …

SINGAPORE — The head of a body representing global airlines said on Wednesday that even if Iran reopened the Strait of Hormuz it would take months for jet fuel supply to recover given disruptions to Middle East refining capacity. TAKING LONG Willie Walsh, director general of the International Air Transport Association, …

SEOUL — Tech giant Samsung Electronics estimated on Tuesday that its first-quarter (Q1) profit had soared 755 percent annually to a record high of 57.2 trillion won ($37.9 billion), driven by strong sales of chips crucial for artificial intelligence (AI). FEARLESS FORECAST A man walks past the logo of Samsung Electronics …

NEW DELHI ― Air India CEO Campbell Wilson has resigned, a source with direct knowledge of the matter said on Tuesday, as the airline grapples with persistent losses and heightened regulatory scrutiny following a crash last year that killed 260 people. Air India Chief Executive Officer Campbell Wilson speaks during a …

THE Associated Press (AP) will cut under 5 percent of its global news staff, as part of a restructuring of its United States operations, according to a memo sent to employees and seen by Reuters. The changes will be concentrated largely in the US news team, with a small number …

Paramount clinched the historic Warner Bros studio in February with a US$110 billion offer (Photo: Reuters)  PARAMOUNT Skydance is in talks to secure signed equity commitments of almost $24 billion from three sovereign wealth funds led by Saudi Arabia to help back its takeover of Warner Bros. Discovery, the Wall …