Airline stocks feeling the pressure as airfare prices continue to drop
Airlines in the United States are grappling with reduced airfares as travelers opt for European vacations instead of domestic trips. In August, airfare prices across [more…]
Category: Business
Overseas Filipino remittances reach $18.78 Billion by end of July, marking a 2.9% Year-on-Year increase
Filipino overseas workers, often referred to as Overseas Filipinos or OFWs, form a vital part of the Philippines’ global diaspora. These dedicated individuals leave their [more…]
China places Northrop Grumman and a unit of Lockheed Martin on its blacklist due to their involvement in arms sales to Taiwan
Beijing has taken punitive measures against two American companies due to their involvement in arms sales to Taiwan and has issued a stern warning of [more…]
The United Auto Workers union initiates strikes at GM, Ford, and Stellantis
For the first time in its history, the United Auto Workers union has simultaneously initiated strikes against General Motors, Ford, and Stellantis, marking a significant [more…]
A.P. Moller-Maersk, the maritime industry leader, introduces a new container ship powered by green methanol
Denmark – A.P. Moller – Maersk, a leading shipping company, achieved a significant milestone by unveiling its first container vessel powered by green methanol, marking [more…]
In August, Hong Kong received 4.1 million visitors, yet the number of arrivals remains lower than the figures recorded before the pandemic
Hong Kong, often described as a vibrant fusion of East and West, and renowned for its stunning skyline punctuated by towering skyscrapers, this Special Administrative [more…]
The BOJ faces a fresh challenge as Japan’s machinery orders remain lackluster, accompanied by another round of soft economic data
In July, Japan’s core machinery orders declined beyond initial expectations, reflecting the hesitation of manufacturers in the world’s third-largest economy to make new investments due [more…]
Howard Schultz, former Starbucks CEO, steps down from company’s board of directors
On Wednesday, Starbucks disclosed that Howard Schultz, its former long-serving CEO, will be stepping down from his board member position, yet he will continue to [more…]
MGM Resorts faces major disruption as cyberattack strikes multiple locations
A cyberattack has successfully penetrated the computer system of MGM Resorts, compelling the company to halt operations at approximately a dozen renowned casino hotels in [more…]
Jelly giant Smucker has reached an agreement to acquire Hostess Brands, the maker of Twinkies, for $5.6 billion.
JM Smucker, the 126-year-old company known for products like fruit spreads, Jif peanut butter, and Folgers coffee, has announced its acquisition of Hostess Brands, the [more…]