Saturday, 02 August 2025, 11:39 pm

    Reuters

    136 POSTS

    Moody’s turns negative on US credit rating, draws Washington ire

    Moody's on Friday lowered its outlook on the U.S. credit rating to "negative" from "stable" citing large fiscal deficits and a decline in debt affordability, a move that drew immediate criticism from President Joe Biden's administration.

    OpenAI investors see more startup opportunities despite ChatGPT expansion

    OpenAI's announcement on artificial intelligence "apps" do not spell the death knell for nascent startups building AI products, two OpenAI investors said at a Reuters NEXT conference on Thursday.

    Maersk cutting at least 10,000 jobs as shipping boom unravels

    Shipping group A.P. Moller-Maersk, reported a steep drop in third-quarter profit and revenue on Friday and said it would cut at least 10,000 jobs in the face of overcapacity, rising costs and weaker prices, sending its shares tumbling.

    CalPERS to double climate investments, consider asset sales

    California's top public pension system on Friday said it will more than double its climate-focused investments to $100 billion by 2030 and consider selling stocks in companies with poor plans for the energy transition.

    Is salt really a new culprit in type 2 diabetes?

    When people think of foods related to type 2 diabetes, they often think of sugar (even though the evidence for that is still not clear). Now, a new study from the US points the finger at salt.

    Just in

    Belle Mariano champions BDO Pay as card-linked payment solution for modern lifestyles

    Actress and singer Belle Mariano puts a spotlight on the ease and convenience of BDO Pay, the branded payment app powered by BDO, as she shares how it seamlessly fits into her busy, on-the-go lifestyle—even during downtime with family.

    US jobs growth slows sharply amid tariff uncertainty

    The US economy added significantly fewer jobs than expected in July, highlighting growing business uncertainty amid President Donald Trump's sweeping review of bilateral trade tariffs—an initiative that has triggered retaliatory measures even from longtime American allies.

    PBB increases 1H net profit on double-digit interest income growth

    Philippine Business Bank, a local savings bank, reported strong performance in the first half of 2025, with interest income and interest margin improving.

    DA eyes distribution of seized mackerel for flood victims

    Agriculture Secretary Francisco P. Tiu Laurel Jr. proposes the distribution of 210 metric tons of smuggled frozen mackerel recently seized at the ports of Manila and Subic once approved by President Ferdinand Marcos Jr.
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