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Meta to lay off employees in metaverse silicon unit on Wednesday

Meta is planning to lay off employees on Wednesday in the unit of its metaverse-oriented Reality Labs division focused on creating custom silicon, two...

Meta floats $14 a month ad-free plan for Instagram, Facebook in EU – WSJ

Meta Platforms is exploring a plan that could make users in the European Union shell out as much as $14 to access ad-free versions of Instagram or Facebook or agree to personalized ads for the free versions, the Wall Street Journal reported on Monday.

Farmers plant more cocoa outside Africa as prices rally

Schmidt Agricola is a large agricultural company producing soybeans, corn and cotton in Bahia, Brazil, one of the country's new-frontier agricultural areas fit for large-scale, high-tech farming. It recently added a new crop to its fields: cocoa.

Japan’s Q3 business mood improves in boost to economic outlook

Japan's business sentiment improved in the three months to September, a central bank survey showed on Monday, suggesting the economy is weathering headwinds from slowing global growth for now.

Apple identifies issues causing overheating in iPhone 15

Apple on Saturday said it has identified a few issues that can cause new iPhones to run warmer than expected, including a bug in the iOS 17 software which will be fixed in an upcoming update.

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Philippine travel firms show resilience amid slowdown

Travel companies across Southeast Asia are bracing for a softer second quarter in 2026, but Philippine firms appear less downbeat than their regional peers, according to findings shared by the Philippine Tour Operators Association (PHILTOA).

OpenAI shutters Sora, refocuses on Core AI

OpenAI said it will discontinue Sora, its high-profile text-to-video app, just six months after launch, underscoring a strategic pivot toward more commercially viable artificial intelligence products.

Gov’t moves to tamp rice prices with P50 per kilo ceiling

The National Price Coordinating Council (NPCC) has approved a proposal from the Department of Agriculture to set a temporary price ceiling of ₱50 per kilogram on imported rice (5 percent broken).

Lorenzo Shipping wins SEC nod for capital hike

Lorenzo Shipping Corporation has secured regulatory approval to double its authorized capital stock to P2 billion, a move that paves the way for the capital infusion of National Marine Corp. (NMC) and further capital raising to fund expansion.
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