Business

Photo released on August 9, 2026 shows tourists from Jamaica interacting with a humanoid robot at the world’s first robot 6S store in Longgang District, Shenzhen, South China’s Guangdong Province, on August 4. Photo: Xinhua CHINA’S cutting-edge industrial upgrade witnessed two major landmarks on Monday, marking the country’s full-fledged global …

Image courtesy: Shanghai Zhenhua Heavy Industries Co., Ltd HONG KONG/SHANGHAI — An overseas unit of Shanghai Electric Group is set to sell Shanghai’s first offshore bond by a nonfinancial issuer in almost three years, said two people with direct knowledge of the deal, highlighting the city’s renewed push to become …

WASHINGTON, D.C. — The parent company of President Donald Trump’s Truth Social platform reported a ten-fold increase in losses for the second quarter on Monday, linked to declines in values of its digital assets. Trump Media & Technology Group posted a loss of $238.1 million for the quarter ending June …

A view of the New York Stock Exchange (Yuki Iwamura / Associated Press)  NEW YORK — The US stock market edged down from its all-time high on Monday, while oil prices rose on uncertainty about when the Strait of Hormuz could reopen and get the global flow of crude going …

Officials, including Bank of Japan (BOJ) Governor Kazuo Ueda, inspect the process of sending new banknotes to financial institutions, on the day the new notes of 10,000 yen, 5,000 yen and 1,000 yen went into circulation, at the BOJ headquarters in Tokyo, Japan July 3, 2024 (Wataru Sekita/Pool via Reuters)  …

Crypto companies say the Act is necessary to provide legal clarity for the industry and could potentially boost the adoption of cryptocurrencies (Reuters) WASHINGTON, D.C. — US Senate Majority Leader John Thune moved on Saturday (Sunday in Manila) to advance a major bill that would create a regulatory framework for …

BERKSHIRE Hathaway said it began reducing its enormous stockpile of cash in the second quarter, investing billions of dollars in stocks such as Alphabet and repurchasing billions of its own, as it reported higher-than-expected profit. President and CEO of Berkshire Hathaway Greg Abel attends the annual Allen and Co. Sun …

A container ship is seen at the loading terminal “Altenwerder” in the port of Hamburg, Germany, February 17, 2025. (Reuters/Fabian Bimmer/File Photo)  BERLIN — Germany’s trade deficit with China widened in the first half of 2026, even as the Asian powerhouse remained its top trade partner, preliminary data from state-run …

The Philippines is set to secure $1.5 billion in fresh loans from the World Bank and the Asian Development Bank (ADB) to deepen its financial markets, broaden access to capital, and mobilize more private-sector financing. The larger financing is the forthcoming $1-billion Philippines Private Capital Mobilization and Competitiveness Enhancement Development …

The pension fund manager’s latest financial statement showed its net income slipped to P48 billion from P66.45 billion a year ago (STAR / File)  MANILA, Philippines — State-run pension fund Social Security System (SSS) reported a 27.8-percent drop in net income in the first half, as benefit payouts outpaced contributions …