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Boeing deepens strategy cuts as operations take center-stage – sources

Boeing Co has embarked on deeper-than-expected cuts in its strategy ranks, halving the number of planners working within key divisions as it refocuses energies on tackling industrial pressures, people familiar with the matter said.

New COP28 draft text does not mention phase out of fossil fuels

The U.N.'s climate body on Monday published its latest draft text of the deal it hopes to reach at the COP28 summit in Dubai, which includes a range of actions countries could take to reduce emissions.

IMF’s Gopinath says economic fragmentation could cut global GDP by 7%

The International Monetary Fund's No. 2 official on Monday warned that fragmentation in the global economy and clear shifts in underlying bilateral trade could trigger a "new Cold War" given the conflict in Ukraine and U.S.-China tensions.

No global carbon price? Some companies set their own

A growing list of global companies are setting a price or charging themselves for each metric ton of their carbon emissions, looking to shape their investments and business for future pollution taxes or other new climate rules.

China’s consumer prices fall fastest in 3 years, factory-gate deflation deepens

China's consumer prices fell the fastest in three years in November while factory-gate deflation deepened, indicating rising deflationary pressures as weak domestic demand casts doubt over the economic recovery.

Just in

SEC extends deadline for 2025 financial statements

The Securities and Exchange Commission (SEC) has extended the deadline for filing annual financial statements for 2025, following a similar move by the Bureau of Internal Revenue (BIR).

Converge accelerates EV shift to fight fuel crisis, cut costs

Converge ICT Solutions Inc. is ramping up its shift to electric vehicles in a bold move to counter rising fuel prices and supply uncertainty.

DA breaks ground on P365.9M farm-to-market road in Surigao

The Department of Agriculture (DA) has started construction on a P365.9 million farm-to-market road (FMR) project in Surigao City to improve agricultural transport and boost rural livelihoods.

AppleOne launches mixed-use Mahi Center near Cebu airport

Property developer AppleOne Group Inc. has officially launched Mahi Center, a new mixed-use development on Mactan Island, expanding its portfolio in Cebu.
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