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McDonald's commits to UK with 5,000 new jobs
LONDON, United Kingdom – McDonald's will create more than 5,000 jobs in Britain by the end of 2017, the fast food chain said on Wednesday, July 27, despite economic uncertainty following the Brexit...
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Fed leaves rates unchanged but says US economy improving
WASHINGTON, USA – The Federal Reserve left key interest rates untouched Wednesday, July 27, but acknowledged improved economic performance, suggesting a rate increase may still be on the horizon in...
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Apple says one billion iPhones have been sold
SAN FRANCISCO, USA – Apple announced Wednesday, July 27, the sale of its billionth iPhone, a milestone for the company as it seeks to keep momentum in a competitive smartphone market.Chief executive...
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Smartphone sales drive Samsung Q2 profit
SEOUL, South Korea – Solid sales of its flagship smartphone and an aggressive cost-cutting drive saw Samsung Electronics on Thursday, July 28, post a better-than-expected gain in net profit for the...
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Shell net profit tumbles on low oil prices
LONDON, United Kingdom – Royal Dutch Shell's net profit collapsed in the second quarter on low oil prices, weak refining margins, and production outages, the British energy giant said Thursday, July...
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Volkswagen net profit falls 57% in second quarter
FRANKFURT, Germany – Scandal-struck car manufacturer Volkswagen said Thursday, July 28, that its profits fell in the second quarter by 57% to 1.15 billion euros ($1.3 billion).Second-quarter profits...
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Adidas lifts profit forecast for 3rd time running
FRANKFURT, Germany – German sporting goods brand Adidas lifted its profit forecast for the 3rd time in 6 months on Thursday, July 28, after better-than-expected preliminary results in the second...
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LG Electronics posts 18.6% increase in Q2 profit
SEOUL, South Korea – Sales of popular home appliances and televisions offset slumping smartphone sales at South Korea's LG Electronics, which reported a sharp increase in second-quarter net profits on...
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Samsung extends lead over Apple in smartphone market
WASHINGTON DC, USA – Samsung extended its lead in the global smartphone market over Apple in the second quarter, gaining from the launch of its updated flagship handsets, surveys showed Thursday, July...
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Canadian coffee and donuts giant Tim Hortons coming to PH
MANILA, Philippines – Canadian coffee and donuts giant Tim Hortons is set to come to the country to battle it out with established international and local fast food chains.Restaurant Brands...
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Gov’t says 911 hotline charges to stay during transition period
MANILA, Philippines – The government has addressed issues surrounding the upcoming 911 hotline, following criticism from some sectors over plans to charge an additional fee for calls made to the...
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BOC misses target for first half of 2016
MANILA, Philippines – The Bureau of Customs (BOC) failed to meet any of its revenue targets for the first half of 2016. According to records, the government's second largest revenue-generating agency...
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PCC tells CA: Consolidation a 'ploy to forum shop'
MANILA, Philippines – The Philippine Competition Commission (PCC) asked the Court of Appeals (CA) to deny Globe Telecom Inc.'s plea to consolidate its petition with that of PLDT Inc., asking the court...
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Factory space could boom in next 5 years – real estate expert
MANILA, Philippines – The long dormant industrial side of the country's real estate sector could finally be on the rise after years of lagging behind."For the next 5 years, we're seeing a lot of...
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PLDT expands ties with Japan's NTT for 100Gbps ultra-bandwidth
MANILA, Philippines – PLDT Incorporated inked another collaboration deal with Japan's NTT Communications Corporation to strengthen its international coverage with 100 gigabits per second (Gbps)...
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Ride-share battle ends with Didi buying Uber China operations
BEIJING, China (3rd UPDATE) – Chinese ride-sharing giant Didi Chuxing will take over the China operations of its US rival Uber, it said Monday, August 1, ending a ferocious battle for market share that...
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Hong Kong, Macau flights cancelled due to Carina
MANILA, Philippines (UPDATED) – More than a dozen flights were cancelled on Monday, August 1, as Severe Tropical Storm Carina (internationally known as Typhoon Nida) headed for Hong Kong and southern...
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Robinsons Retail buys stake in De Oro Pacific
MANILA, Philippines – Robinsons Retail Holdings Incorporated has acquired a majority stake in De Oro Pacific Home Plus Depot, a big box builders hardware depot with 3-store chain in Northern...
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Upbeat retail, real estate lift SM Prime's profit
MANILA, Philippines – SM Prime Holdings Incorporated registered a core net income of P12.6 billion in the first half of 2016, up 12% from P11.2 billion the previous year, due to higher revenues from...
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Cebu Pacific might ban passenger who slapped cabin crew member
MANILA, Philippines – Cebu Pacific (CEB) said it is investigating an incident of physical assault against one of its cabin crew members during a flight from Manila to Davao last July 30.This early,...
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