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Europe launches AI one-stop shop with supercomputers for startups

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

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

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

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

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.

Just in

Meralco posts slight profit growth in Q1 2026 despite lower energy sales

The Manila Electric Co. (Meralco) reported a modest 2 percent increase in core net income for the first quarter of 2026, reaching P11.4 billion from P11.17 billion in the same period last year.

SMPC plans “sustainable mine strategy” as Semirara coal contract nears expiry

Semirara Mining and Power Corp. (SMPC) says it is preparing a sustainable mining plan as it seeks to continue operating the Semirara coal resource in Antique, even as the government moves ahead with a bidding process for the site.

Gasoline, diesel prices up; kerosene down

Motorists will see mixed fuel price changes this week, with gasoline and diesel prices going up slightly, while kerosene continues to get cheaper.

Airports in Eastern Samar Operational After 6.1 Quake — CAAP

The Civil Aviation Authority of the Philippines (CAAP) said Monday that all airports in Eastern Samar and nearby areas remain open and safe after a magnitude 6.1 earthquake on May 4.
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