Category: Business

Business

Cebu Pacific Just Gave Passengers a ‘Graduation’ for Packing Right — But There’s a Bigger Reason Behind the Stunt

MANILA, Philippines — Cebu Pacific has turned one of the least glamorous parts of flying into an airport spectacle, staging a graduation-style ceremony for passengers who successfully followed its hand-carry baggage rules. Passengers preparing to board Flight 5J 971 from Manila to Davao at NAIA Terminal 3 were invited to put their bags into the airline’s baggage sizer. Those whose luggage fit were humorously declared “BOARDING PASSers.” Then came the graduation treatment. Passengers received

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Business

Billionaire Family Offices Are Piling Into Biotech as AI Reshapes Drug Discovery — But the Funding Boom Has a Catch

NEW YORK — Some of the world’s wealthiest investors are quietly making a much bigger bet on biotechnology, with artificial intelligence, gene regulation and next-generation medicines increasingly competing for the same private capital that has poured into technology. In August, family offices made 52 direct investments in private companies, and approximately 20% involved biotech startups, according to Fintrx data supplied to CNBC. That works out to roughly one in every five family-office deals

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Business

Trump Wanted the Reflecting Pool Case Revived — But a Judge Just Asked DOJ One Question It Struggled to Answer

Former U.S. Olympic canoeist David Hearn thought his Reflecting Pool prosecution was effectively over when the Justice Department admitted it could not prove its felony case. Now a Washington judge is deciding whether to close the door permanently — as President Donald Trump continues to insist that vandals, not just faulty construction, were responsible for damage to one of Washington’s best-known landmarks. WASHINGTON — A criminal case that began with allegations of vandalism at the Lincoln M

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Business

China Hits Back at G20 Over Export Pressure as Its Record Trade Surplus Becomes a Global Flashpoint

BEIJING — China is pushing back against an unusually broad challenge to its export-driven economic model, accusing other G20 economies of dressing up protectionism as concern over global trade imbalances. The confrontation erupted after finance ministers and central bank governors met in Asheville, North Carolina, where virtually every G20 member present except China supported language warning that persistent economic imbalances and policies that suppress domestic consumption while relying heav

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Business

TikTok Pushes Back Against Social Media Ban in PH—Then Points to Apple and Google

MANILA, Philippines — TikTok is urging Philippine lawmakers to reconsider a blanket ban on social media for minors, arguing that protecting children online may require a more targeted approach—and a bigger role for app stores, parents, technology companies and government. The proposal comes as Congress weighs tougher restrictions on children's access to social media amid growing concerns over harmful content, online abuse and the use of digital platforms by young people. In a document submitte

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Business

Apple Hit With $2.7 Billion UK Lawsuit—But the Real Trouble May Be What Regulators Found

Apple is facing a £2 billion ($2.7 billion) collective-action lawsuit in the United Kingdom over its App Tracking Transparency (ATT) system, with app developers accusing the tech giant of using its privacy rules in a way that unfairly favors Apple’s own services. The claim was filed on September 3 at London’s Competition Appeal Tribunal (CAT) by ATT Collective Action Limited on behalf of thousands of UK app developers. It alleges that Apple imposed stricter tracking and consent requirements on

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Business

Maria Bartiromo’s Fox Exit Turns Into a Legal Standoff as Her Lawyer Promises ‘Receipts’

NEW YORK — Maria Bartiromo’s sudden disappearance from Fox has taken an unexpected turn. Just one day after Fox News Media publicly declared that its longtime anchor was no longer with the company, Bartiromo’s attorney challenged the emerging narrative surrounding her exit — insisting that reports she had been fired were false and warning that he has evidence and witnesses to prove it. The result is an unusually public employment dispute involving one of the most recognizable names in American

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Business

Trump Threatens to Cut Off Trade Unless the Fed Lowers Rates — But the Jobs Report Just Sent Markets the Other Way

President Donald Trump escalated his pressure campaign against the Federal Reserve after U.S. employers added a surprisingly strong 162,000 jobs in August. But instead of strengthening the case for lower borrowing costs, the report sent financial markets in the opposite direction — toward growing expectations of another Fed rate hike. WASHINGTON — President Donald Trump has dramatically raised the stakes in his battle with the Federal Reserve, threatening to stop trading with countries that run

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Business

GCash IPO Gets SEC Green Light: ₱92.3-Billion Stock Market Debut Set—But the Biggest Surprise Is Still Ahead

MANILA, Philippines — The long-awaited GCash stock market debut is now one major step closer. The Securities and Exchange Commission (SEC) has approved the registration statement of Mynt Inc., the parent company of GCash, clearing the way for a potential ₱92.32-billion initial public offering (IPO) that could become the largest IPO in Philippine history if completed at the maximum offer size. The SEC’s Commission En Banc approved the registration on September 3, covering up to 66.9 billion com

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Business

KRX Teams Up With NYSE as Korea Pushes Longer Trading and Faster Settlement — But the Bigger Goal Is Winning Global Investors

South Korea is taking another major step toward remaking the way its stock market operates — and this time, it is turning to Wall Street for help. Korea Exchange Chairman Jeong Eun-bo and New York Stock Exchange President Lynn Martin have signed a cooperation agreement aimed at sharing expertise on longer trading hours, faster settlement and the infrastructure needed to run increasingly global capital markets. On paper, it is a memorandum of understanding. Strategically, however, it comes at

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