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No quick wins in tapping Venezuela’s oil reserves

(FILE PHOTO) A flame burning natural gas is seen at an heavy-crude treatment plant operated by Venezuela’s state oil company PDVSA, in the oil rich Orinoco belt, near Cabrutica at the state of Anzoategui. (REUTERS/Carlos Garcia Rawlins/File Photo) MIAMI — Venezuela is unlikely to see any meaningful boost to crude output …

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China’s BYD logs record EV sales in 2025

People stand next to BYD company vehicles at an auto show in Munich, Germany. File/ Reuters  BEIJING — Chinese auto giant BYD sold 2.26 million electric vehicles (EVs) last year, a company statement showed on Thursday, setting a new record for any firm globally. The figure puts BYD in pole …

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Wall Street edges higher in a wobbly start to 2026

Credit: The Canadian Press NEW YORK — US stocks eked out small gains on Wall Street Friday in a wobbly day of trading to kick off the new year. Markets were mostly quiet on the first trading day of 2026, with the influential technology sector driving much of the up-and-down action. …

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Goodfood’s licence suspended by Canadian Food Inspection Agency

Licence could be cancelled if no corrective measures taken, federal agency says GoodFood’s micro fulfillment centre in downtown Toronto is stocked with the company’s own line of grocery items, from GoodFood-branded products such as sauces, condiments and snacks, to produce, meat and seafood. (Laura MacNaughton/CBC)  The Canadian Food Inspection Agency has …

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Gold and Silver Steady at New Year as Index Selling Looms

(Bloomberg) — Gold and silver steadied at the beginning of the year after their best annual performances since 1979 as traders assessed the reweighting of a benchmark commodity index that starts next week. Bullion gained as much as 1.9% on Friday before paring most gains during US hours. Silver eased after …

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Why Philippine food prices are high

THE average retail price of chicken in Vietnam is lower by almost 40 percent compared here in the Philippines. More shocking is that the average retail price of pork is around 92 percent more expensive here than in Vietnam. The same can be said when we compare our food prices …

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PH consumer demand to stay resilient in 2026

FILIPINO consumers will remain one of the economy’s strongest pillars in 2026, with Maybank IBG Research pointing to steady remittances and easing cost pressures combined to support incomes and purchasing power. In its report titled “Philippine Strategy — Year Ahead 2026: Let it simmer,” Maybank said it is keeping the …

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