Business

WASHINGTON, D.C.: Lawmakers intent on reducing China’s influence on the US economy are pushing the Treasury Department to help curb the outsized role of Beijing at the Inter-American Development Bank, which supports economic and social development in Latin America and Caribbean. The bipartisan group of lawmakers say Beijing is using …

NEW YORK: Visa Inc. said its adjusted third-quarter profits rose by nearly double digits, as the global payments company continues to benefit from the broad shift by consumers to using credit and debit cards instead of cash. The company said Tuesday that it earned a profit of $4.2 billion, or …

Sales are growing so quickly that some installers wonder whether heat pumps could even wipe out the demand for new air conditioners in a few years and put a significant dent in the number of natural gas furnaces. Heat waves, improved technology and government rebates behind soaring interest Luise Cox …

The Department of Transportation included a P130-billion mandatory infrastructure investment clause in the terms of reference for the bidding of the rehabilitation of the Ninoy Aquino International Airport. “Aside from the P30-billion upfront payment, there is a commitment to spend P130 billion for mandatory infrastructure that should be implemented within …

Spotify on Monday raised prices for its premium plans across several countries including the United States the United Kingdom, France, Mexico and Canada, as the music-streaming company looks to boost profitability in an uncertain economy.  Company continues to add customers but is still losing money Spotify on Monday raised prices …

HONG KONG: Hong Kong led a surge across most Asian markets on Tuesday after Chinese leaders pledged fresh measures to boost the nation’s stuttering economy, building on optimism that central banks were nearing the end of their rate-hiking cycle. With data in recent months showing growth stuttering and business activity …

At a Glance In his recent State of the Nation Address, President Marcos raised the need for further structural tax reforms to achieve the socioeconomic goals set by his administration. When asked for clarification on whether this meant there would be additional tax reform proposals in addition to those already …

Social contractors hire people with barriers to employment to develop green construction skills. Their training grounds? Affordable housing in need of an energy-efficient fix.  Social contractors could present solutions to housing crisis, labour shortage and climate change all at once. When Dorine Khainza arrived in Canada from Uganda in January, …

HONG KONG: Chinese e-commerce giant Alibaba says it does not plan to sell any shares in its one-third shareholding in financial technology company Ant Group because it wants to retain its stake in an “important strategic partner.” Alibaba Group Holdings said in a filing on Sunday that it will not …

Elon Musk and Twitter Chief Executive Officer Linda Yaccarino unveiled a new logo for the social media platform on Monday that featured a white “X” on a black background as a replacement for the familiar blue bird symbol.  Musk has a long history with the single-letter name. Elon Musk and …