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Europe launches AI one-stop shop with supercomputers for startups

Transport & Logistics Reuters Reuters -
Europe's startups will get easier access to artificial intelligence-dedicated supercomputers to help them develop general purpose AI models as part of a new one-stop shop to boost take up of the technology, the European Commission said on Wednesday.

Oil edges up 1% on big US crude withdrawal, China stimulus

Energy & Mining Reuters Reuters -
Oil prices edged up about 1 percent on Wednesday on a bigger-than-expected U.S. crude storage withdrawal, a slump in U.S. crude output, Chinese economic stimulus, geopolitical tensions and a weaker dollar.

World stocks pick up, China markets struggle

Markets Reuters Reuters -
Global stocks neared one-month highs on Tuesday, after the Bank of Japan left monetary policy unchanged, bolstering the yen and Japanese stocks, while Chinese equity investors took little heart from speculation of a huge government rescue package.

Philippines c.bank: rate hike transmission significant

Banking & Insurance Reuters Reuters -
The pass-through effect of the Philippine central bank's series of rate hikes since 2022 has been "quite significant", a senior Bangko Sentral ng Pilipinas official said on Friday.

Waning supplies prop up India rates to 4-month peak, Thai prices rise

Agriculture Reuters Reuters -
Reuters - Prices of parboiled rice exported from top hub India jumped to their highest level in four months this week, while strong demand and shrinking supplies supported rates for the Thai variety.
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Cebuana Lhuillier drives shift from access to active finance use

Banking & Insurance 0
Financial inclusion in the Philippines has made significant strides, with formal account ownership nearly doubling since 2011 based on the World Bank’s Global Findex Database. But the deeper challenge is now emerging as access has expanded faster than sustained usage of financial services.

Customs fast-tracks digital shift in air cargo

Travel & Tourism 0
The Bureau of Customs (BOC) is ramping up the rollout of the Electronic Airway Bill (e-AWB) under Commissioner Ariel F. Nepomuceno, signaling a more aggressive push to digitize export processing and modernize the country’s trade infrastructure.

STI 9-month net income steady at P1.6B; Q3 earnings drop on accounting shift

Corporate 0
STI Education Systems Holdings Inc. reported flat net income of P1.6 billion for the first nine months of its fiscal year ending March, unchanged from the same period a year earlier.

JNEC to supply power to Manila Ocean Park, eyes expansion to other sites

Energy & Mining 0
Local power company Jin Navitas Electric Corp. (JNEC) will serve as the official retail electricity supplier of Manila Ocean Park under a two-year agreement, with an option to extend.
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