Apple said on Thursday that demand for its iPhones in China was strong, trying to reassure investors who are worried it is losing ground to a newly resurgent Huawei Technologies and other local smartphone makers.
The Federal Reserve held interest rates steady on Wednesday as policymakers struggled to determine whether financial conditions may be tight enough already to control inflation, or whether an economy that continues to outperform expectations may need still more restraint.
The White House is working to finalize as soon as Tuesday a new policy outlining how governments should respond to ransomware attacks, including sharing information on attackers and the accounts they use to collect ransoms, a senior administration official with knowledge of the matter said.
High inflation will dog the world economy next year, with three-quarters of over 200 economists polled by Reuters saying the main risk is that it turns out higher than they forecast, suggesting interest rates will also remain higher for longer.
The Department of Agriculture is fast-tracking the Clark National Food Hub with the full backing of President Ferdinand R. Marcos Jr., moving the project from planning to construction.
Metro Pacific Tollways Corp. and San Miguel Corp. are fast-tracking negotiations to consolidate their tollway operations into a single giant infrastructure platform, targeting to finalize the landmark deal within the year.
Aboitiz InfraCapital Bohol Airport Corporation (ABAC) will invest P4.53 billion to modernize and expand the Bohol-Panglao International Airport (BPIA) under a 30-year public-private partnership (PPP) concession agreement, aimed at boosting capacity and supporting the province’s fast-growing tourism sector.
Globe Telecom is supporting national and local government efforts to create a single, unified policy for underground conduit infrastructure, aiming to curb rampant fiber cable theft that frequently disrupts internet and mobile services across the country.