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Powerful quake rocks Japan, nearly 100,000 residents ordered to evacuate

A powerful earthquake struck central Japan on Monday, killing at least one person, destroying buildings, knocking out power to tens of thousands of homes and prompting residentsi in some coastal areas to flee to higher ground.i’m

Oil prices to end year 10% lower as demand concerns snap winning streak

Oil prices are set to end 2023 about 10 percent lower, the first annual decline in two years, after geopolitical concerns, production cuts and global measures to rein in inflation triggered wild fluctuations in prices.

Asia shares at five-month highs as rate bets pile up

Asian shares touched five-month highs on Thursday as market wagers on ever-more aggressive rate cuts extended a huge rally in U.S. stocks and bonds, but also left plenty of scope for disappointment next year.

Emerging markets’ stocks jump, led by heavyweight China shares; FX steady

Emerging markets stocks rose to their highest levels since August on Wednesday, led by gains in Chinese shares on positive economic data, while currencies remained steady as bets on U.S. interest rate cuts lingered.

Apple explores AI deals with news publishers

Apple has opened negotiations in recent weeks with major news and publishing organizations, seeking permission to use their material in the company's development of generative artificial intelligence systems, the New York Times reported on Friday.

Just in

EV loan demand pushes DTI fund expansion

The government is seeking to expand the P2-billion financing pool for a program helping public transport operators transition to electric vehicles (EVs), as demand grows among transport groups and delivery riders looking for cleaner and more cost-efficient mobility options.

Fuel prices to rise across all variants this week

Prices of gasoline, diesel, and kerosene will increase nationwide this week, the Department of Energy (DOE) confirmed on Monday.

Cebuana Lhuillier drives shift from access to active finance use

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

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.
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