Business

PAL expands in Davao City

The Philippine’s flag carrier expanded its operation in Davao City to accommodate more clients from adjacent municipalities and provinces, opening…

Asian markets tumble on sell-off in tech, energy firms

HONG KONG, China (AFP) -- Technology and energy firms were the biggest losers as Asian markets tumbled on Wednesday, extending…

US pharmacy chain CVS announces $69 billion purchase of insurer Aetna

SAN FRANCISCO, United States (AFP) -- US drugstore chain CVS Health announced Sunday it would buy medical insurer Aetna for…

Facebook opens new London hub, creating 800 jobs

LONDON, United Kingdom (AFP) -- Social media titan Facebook will open a new office in London on Monday that is…

Nestle to close its DR Congo factory

KINSHASA, DR Congo (AFP) -- Swiss food giant Nestle announced Sunday that it would close its factory in Kinshasa, capital…

US agency gives green light to bitcoin on major exchanges

NEW YORK, United States (AFP) -- A US regulator cleared the way Friday for bitcoin futures to trade on major…

Apple plans to design its own power chips

(Reuters) -- Apple is designing its own power-management chips for use in iPhones from as early as 2018, according to…

Bitcoin could threaten financial stability: Fed governor

WASHINGTON, United States (AFP) -- Digital currencies like bitcoin could pose a threat to financial stability as they gain wider use, a…

Automakers look to the future in Los Angeles

LOS ANGELES, California (Reuters) -- Car manufacturers' attempts to square what U.S. consumers want against the clean vehicles regulators and…

US tech shares sell off as bitcoin soars above $11,000

NEW YORK, United States (AFP) -- A strong US economic growth report lifted the Dow to a fresh record close…

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