Facebook Parent Meta Initiates Dividend as Growth Continues
February 2, 2024
The company’s sales increased to $40.11 billion in the three months through December, up 25% compared with the year-earlier period.
Ferrari finishes a record year by topping Wall Street’s estimates
February 2, 2024
The automaker reported a net profit of 1.26 billion euros, or $1.36 billion, for 2023, including 294 million euros, or $317.9 million, in the fourth quarter.
Peloton shares plummet 24% as fitness company gives dismal outlook
February 2, 2024
Peloton has made some progress in its turnaround plan, but the fitness company is expecting more dark days ahead after failing to reach a number of goals.
Elon Musk Wants to Move Tesla’s Incorporation From Delaware to Texas
February 2, 2024
The company will hold a shareholder vote to decide whether to transfer its state of incorporation from Delaware, its CEO said.
Philippines plans to buy submarines to defend sovereignty in South China Sea — senior official
February 2, 2024
President Ferdinand Marcos Jr has approved the third phase of the military's modernization, which includes the purchase of the country's first submarine, in order to defend its maritime sovereignty in the disputed South China Sea.
Trough of LPA to bring scattered rains over Mindanao, parts of the Visayas
February 2, 2024
Mindanao, Central Visayas, Negros Occidental, and Southern Leyte will have cloudy skies with scattered rain showers and thunderstorms due to the trough of the Low Pressure Area (LPA) with flash floods or landslides possibly occurring due to moderate to...
Investing in Space: NASA panel warns astronaut moon plan may be too ambitious
February 2, 2024
NASA's Artemis moon mission program regularly faces a wide swath of questions about goals, timeline, cost and more.
The Year We Tracked Everything: How Spotify Induced a ‘Wrapped’ Frenzy
February 2, 2024
As apps busily rip off the sort of year-end usage reports Spotify sends out, a few recaps—like those from Strava and Duolingo—can actually help you achieve your personal goals. Here, a guide.
Zoom to Cut About 2% of Workforce in Latest Tech Layoff
February 2, 2024
Zoom Video Communications will cut almost 2% of staff, the latest in a string of tech-industry layoffs in recent weeks.
Ad giant Publicis paying $350 million to settle U.S. opioid crisis claims
February 2, 2024
New York Attorney General Letitia James said Publicis helped opioid manufacturers like Purdue Pharma "convince doctors to overprescribe opioids."
Ailing Myanmar ex-leader Suu Kyi in ‘good spirits’ in solitary, says son – media
February 2, 2024
Myanmar's detained former leader and democracy icon Aung San Suu Kyi is in good spirits in solitary confinement "even if her health is not as good as it was in the past", her son was quoted on Thursday as saying.
Formula 1 star Lewis Hamilton to leave Mercedes for Ferrari after 2024 season
February 2, 2024
Hamilton "activated a release option" in his contract, Mercedes said, following an 11-year partnership with the team.
Hamas has received a Gaza truce proposal ‘positively’ but no deal yet – Qatari official
February 2, 2024
Hamas has received a truce proposal for a ceasefire and release of hostages in the Gaza Strip positively but it has not responded yet, a Qatari official told Reuters on Thursday.
Wall Street has adjusted its expectations for when the Fed starts cutting rates
February 2, 2024
The market finally seems to have gotten the message that a March rate cut isn't in the cards.
Elon Musk says Tesla will hold a shareholder vote to incorporate in Texas after Delaware pay snub
February 2, 2024
Musk's X post comes after a judge in Delaware, where Tesla is currently incorporated, voided the $56 billion pay package granted to the billionaire in 2018.
Top wealth manager Julius Baer caught in property write-off storm as CEO steps down
February 2, 2024
The company will cut 250 jobs this year, impacting around 3% of its 7,425 employees.
Panama cardinal found alive after missing for two days — police
February 2, 2024
Jose Luis Lacunza, a Roman Catholic Cardinal who was reported missing for two days, has been found "safe and sound" in Boquete, an area near his diocese in western Panama, the Panamanian police said on X on Thursday.
Euro zone inflation eases as expected, but core figures disappoint
February 2, 2024
Eurostat released flash euro zone inflation figures for January.
Taylor Swift songs removed from TikTok after her label UMG’s spat with the app
February 2, 2024
Music by artists including Taylor Swift and Drake is no longer available on TikTok after the social video app and Universal Music Group failed to reach a deal.
Publiko, pinag-iingat sa love scam lalo na ngayong buwan ng ‘Peb-ibig’
February 2, 2024
Nagbabala ang isang anti-scam watchdog sa publiko laban sa mga manloloko na hahanapin ang kahinaan ng puso ng kanilang bibiktimahin para mahuthutan ng pera.
Pentagon chief Austin says he should have handled cancer diagnosis better
February 2, 2024
US Defense Secretary Lloyd Austin on Thursday apologized for failing to tell US President Joe Biden and senior staff about his recent prostate cancer diagnosis ahead of time, adding that the health scare was a "gut punch" that had shaken him.
3 dead in motorcycle-van collision in La Union
February 2, 2024
At least three persons riding a motorcycle died after colliding with a van along a highway in Naguilian, La Union.
UN Special Rapporteur Khan meets Bersamin in Malacañang
February 2, 2024
United Nations Special Rapporteur Irene Khan on Thursday met Executive Secretary Lucas Bersamin in Malacañang to discuss the state of the freedom of opinion and expression in the country.
Bank of England chief hints the market could be getting it right on rate cuts
February 2, 2024
BOE Governor Andrew Bailey signaled markets' expectations on the future path of rate cuts may be correct, even as he refused to commit to a specific timeline.
DSWD: Almost 800K families back as 4Ps beneficiaries, 200K on waitlist
February 2, 2024
Close to 800,000 families have been reinstated as beneficiaries of the Department of Social Welfare and Development"s(DSWD) Balik Pantawid Pamilyang Pilipinong Program (4Ps) after graduating from the poverty alleviation program.
Watch CNBC’s full interview with the Bank of England’s Andrew Bailey
February 2, 2024
Bank of England Governor Andrew Bailey speaks to CNBC’s Steve Sedgwick after the central bank’s rate decision.
Volvo shares jump 26% on higher sales, plans to stop Polestar funding
February 2, 2024
Volvo Cars shares surged more than 26% on Thursday after the Swedish automaker announced that it will stop funding subsidiary Polestar Automotive.
EU agrees $54 billion aid package for Kyiv; Orban says Hungary’s funds excluded from deal
February 2, 2024
Ukraine's army chief Valeriy Zaluzhnyi is expected be dismissed from his post by the end of the week, CNN reported Wednesday.
Italy street artist, once a rebel with a brush, gets papal blessing
February 2, 2024
When Mauro Pallotta secretly pasted a mural depicting Pope Francis as a caped superhero a decade ago, Rome police removed it within hours. Now the Vatican has given Pallotta a seal of approval, allowing him to illustrate Francis' message for the season...
Global headwinds to weaken manufacturing
February 2, 2024
GLOBAL headwinds and sluggish demand from China will weigh on the performance of the manufacturing sector, according to Standard & Poor’s (S&P) Global Market Research.
PHL R&D spending to rise to 0.4% of GDP
February 2, 2024
THE Marcos Jr. administration aims to increase the country’s spending for Research and Development (R&D) to 0.4 percent of GDP this year.
PHL a ‘platform’ for SEA market, European businesses told
February 2, 2024
AMID the issues hounding the shipping landscape, Trade and Industry Secretary Alfredo E. Pascual said increased demand for Philippine exports, among others, would propel the Philippine economy in 2024 as the country aims for the status of the “Rising ...
Peza OKs P2-B investments in January, to create 1,337 jobs
February 2, 2024
THE Philippine Economic Zone Authority (Peza) said it approved P2.21 billion in investments in the first month of 2024, which it said is expected to create1,337 direct jobs. However, the investment approval figure in January 2024 is a decline from the...
DOE approves creation of committee to sustain 2032 nuclear power target
February 2, 2024
THE Department of Energy (DOE) is creating a nuclear committee to help achieve its target of 2,400 megawatts (MW) of nuclear capacity as early as 2032.
Gordon raises concern over ‘exodus’ of nurses, doctors for foreign jobs
February 2, 2024
Philippine Red Cross (PRC) Chairman and CEO, Richard Gordon expressed concern Wednesday over the diminishing number of doctors and nurses in hospitals amid the rising number medical practitioners opting to leave the country for better employment and p...
DSWD readies ‘exit’ of 1.2-million household beneficiaries from 4Ps
February 2, 2024
The Department of Social Welfare and Development (DSWD) announced Thursday that 1.2-million household beneficiaries are expected to “exit” from the Pantawid Pamilyang Pilipino Program (4Ps) this year.
House facilitates release of P150-million aid to flood-affected families in Davao del Norte
February 2, 2024
House Speaker Ferdinand Martin G. Romualdez on Thursday endorsed the immediate release of P150 million in financial aid from the government to assist flood-affected families in the Davao Region.