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Australia to team up with New Zealand on Brexit fallout
SYDNEY, Australia – Australia ordered an urgent review Monday, June 27, into the consequences of Britain leaving the EU and said it would team up with New Zealand to negotiate new trade and immigration...
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Customs looking to raise P23.5M through auction
MANILA, Philippines – In a bid to raise revenue to partially offset missed targets, the Bureau of Customs (BOC) is looking to raise P23.5 million from a public auction sale of forfeited imported...
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One fifth of British businesses may move operations abroad – survey
LONDON, United Kingdom – One fifth of British business leaders are considering moving operations abroad after the country's shock decision to leave the EU, according to a survey from a leading business...
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HSBC urges investors to buy PH stocks post-Brexit vote
MANILA, Philippines – After majority of Britons voted to leave the European Union (EU), the Philippine equities market still looks bright for British banking giant HSBC, as it encourages investors to...
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Nissan taking South Korea to court over emission claims
TOKYO, Japan – Japanese automaker Nissan said Monday, June 27, it is taking South Korea to court in response to Seoul's claims that it manipulated emissions data on a popular sports utility...
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British business sectors in Brexit firing line
LONDON, United Kingdom – Banks, airlines, and carmakers are among the industries in Britain to have been left especially exposed following the uncertainty created by the country's decision to leave the...
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Total wins 30% stake in Qatar's largest oil field
DOHA, Qatar – French oil and gas giant Total announced on Monday, June 27, that it has won a 30% stake in a new company operating in Qatar's largest offshore oil field.The agreement is for a joint...
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What's ideal monthly income for family of 4?
MANILA, Philippines – A Filipino household of 4 should have a gross monthly income of P120,000 to live a "simple, comfortable life," which entails owning a car and a medium-sized house, traveling...
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Crown wins approval for Sydney casino aimed at Asian gamblers
SYDNEY, Australia – Australian mogul James Packer won approval Tuesday, June 28, for a towering 6-star hotel and casino complex on Sydney harbor aimed at Asian high-rollers, with work expected to begin...
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Brexit's direct effect on PH 'not substantial' – NEDA
MANILA, Philippines – As the world continues to grapple with the fallout from the United Kingdom's unprecedented vote to leave the European Union, the Philippines' economic managers have stepped in to...
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Airbnb sues over registration of San Francisco homes
SAN FRANCISCO, USA – Home sharing site Airbnb is suing San Francisco over a new law requiring that anyone who offers their home through the rental site first register the dwelling with the city.Under...
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Made in China plane makes first commercial flight
BEIJING, China – China's homegrown regional jet made its first commercial flight Tuesday, June 28, operator Chengdu Airlines said, after years of delays raised questions about the country's ambitious...
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Scandal-hit Takata shares jump as boss hints at resignation
TOKYO, Japan – Takata shares jumped on Tuesday, June 28, after the airbag supplier's boss said he would resign once the company recovers from a scandal linked to at least 13 deaths and scores of...
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New Nestle CEO to lead health pivot
ZURICH, Switzerland – Analysts on Tuesday, June 28, praised Nestle's choice for its new chief executive, healthcare executive Ulf Mark Schneider, as the food giant took a further step in its bid to...
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Cable cars 'not the answer' for Metro Manila mass transit needs
MANILA, Philippines – For a growing population and Metro Manila traffic that's becoming more congested, the incoming transportation chief has a probable band-aid solution: cable cars.Transportation...
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French foie gras industry struggling after bird flu scare
PARIS, France – France's foie gras industry is struggling with the fallout of a bird flu scare that has led to a 25% drop in production of the controversial delicacy.Jean-Jacques Caspari of the foie...
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Incoming energy chief vows continuity at DOE
MANILA, Philippines – On the eve of the new administration, incoming energy secretary Alfonso Cusi vowed to continue the work done by current Department of Energy chief Zenaida Monsada.Cusi said in a...
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Toyota recalling 3.37 million vehicles over defects
TOKYO, Japan – Toyota said Wednesday, June 29, it is recalling 3.37 million vehicles globally over a pair of defects, in the latest hit for a Japanese auto industry hit by fuel-efficiency scandals and...
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Dubai awards Alstom-led consortium $2.88B metro extension
DUBAI, United Arab Emirates – Dubai's transport authority announced Wednesday, June 29, it had awarded a French-led consortium a $2.88 billion contract to extend its metro network to the site of the...
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London stocks wipe out post-Brexit losses in global rebound
LONDON, United Kingdom – London share prices surged on Wednesday, June 29, wiping clean post-Brexit result losses, in the second straight day of a global recovery following a sharp sell-off sparked by...
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