ASX set to slip, Wall Street retreats as bond markets crank up the pressure
The US stock market is giving back more of its record-setting rally as bond markets rattled by high inflation keep cranking up the pressure.
· Stan Choe
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Newest first · UTC+11:00Wall Street regulator sues to block Minnesota’s first-in-nation ban on prediction markets
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· Reuters
Panasonic buys UK startup to revitalize flagging projector business
Panasonic's stock price has soared since last fall as the market lauds the group's restructuring. (Photo by Kazumi Saito)
· Staff Writer
Anthropic hires OpenAI co-founder Andrej Karpathy as its momentum continues to surge
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· Marc Vartabedian
Public housing, private trap: The tenants facing $4000 rent hikes
Despite being a public housing tenant who lives on a disability pension, 73-year-old Gail Innes is now $4000 behind in her rent to a private market property, due to an increasingly criticised state government scheme known as “headleasing”.
· Rachael Dexter
‘It’s a sophisticated business’: New calls for regulation in the short-stay market
New data shows the number of Airbnbs and other short-term accommodation hit record highs at the end of 2024, driving up rents for longer-term tenants in tourism hotspots.
· Wes Mountain
Where have all the fiscal hawks gone? We need to find some – and quickly
May 20, 2026 — 5:00am
· Michael Brennan
Australian lawyer’s dine-and-dash spree goes viral in Hong Kong
Beijing/Hong Kong: By the time Australian lawyer Samuel Monkivitch was charged by Hong Kong police for a dine-and-dash spree across the city that targeted restaurants and five-star hotels, his reputation was well known among the city’s dining scene.
· Lisa Visentin, Elias Visontay, Selina Cheng
In a gloomy time for NSW’s finances, there is one reason the state won’t enter a recession
The renewable energy rollout is the only thing keeping the NSW economy out of recession, state Treasurer Daniel Mookhey says, warning conflict in the Middle East has led to a significantly lower economic growth forecast for the year ahead.
· Michael McGowan
Plan for new $130 million luxury resort in NSW wine region unveiled
The Hunter Valley’s luxury accommodation market is set for its biggest shake-up in two decades following the unveiling of a $130 million resort development on one of the region’s most historic wine estates.
· Katherine Scott
Viral memes trying 'to catch fire on the internet' in AI Albo campaign
Wed 20 May 2026 at 5:00am
· Adelaide Miller
Viral memes trying 'to catch fire on the internet' in AI Albo campaign
Wed 20 May 2026 at 5:00am
· Adelaide Miller
Jury acquits 2 executives accused of bribing former Navy admiral
WASHINGTON (AP) — A federal jury has acquitted two business executives of charges that they conspired to bribe a retired four-star U.S. Navy admiral, who is now serving a six-year prison sentence for his conviction on corruption charges.
· Michael Kunzelman
Bloodbath brews at NPR due to federal funding cut — as 300 buyouts offered
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· Ariel Zilber
French presidential candidate Philippe faces embezzlement probe
PARIS — Former French Prime Minister Édouard Philippe will cooperate fully with investigators after financial prosecutors ordered a judicial inquiry into allegations of embezzlement, a local official linked to Philippe said Tuesday.
· Clea Caulcutt
‘Find a Black Doctor’ directory sued for discriminating against physicians based on race
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· Ariel Zilber
High prices in Iran’s stunted housing market leave tenants with few options
Tehran, Iran – When Mohammad, a 29-year-old resident of western Tehran, renewed his tenancy contract earlier this week, the price increase did not come as a surprise.
· Maziar Motamedi
Japan to urge startups to explore buyouts instead of IPOs
Japan has a lower rate of startup acquisitions than the U.S. and the U.K. (Nikkei illustration)
· Staff Writer
Forty under 40: Millennial entrepreneurs unite against Albanese’s tax overhaul
Young business leaders have united to lobby Anthony Albanese to rethink his capital gains tax revamp as reform advocate Allegra Spender urges Labor to move cautiously to avoid economic pain and the Coalition launches its campaign to draw family businesses into their tax battle.
· Paul Sakkal
US judges grill Pentagon over blacklisting of Anthropic
WASHINGTON — A federal appeals court on Tuesday questioned whether the US military went too far in labelling AI company Anthropic a national security threat, as it heard arguments in a case that could reshape how the government deals with Silicon Valley.
· Agence France-Presse
Google says new AI model could save companies billions in token costs
Google CEO Sundar Pichai speaks at the Shoreline Amphitheater on Tuesday. (Photo by Yifan Yu)
· YIFAN YU
Drone strike on a busy market in Sudan kills 28, says rights group
This is a locator map for Sudan with its capital, Khartoum. (AP Photo)
· Fatma Khaled
‘Big Short’ investor Michael Burry warns of similarities between AI boom and dot-com bubble
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· Thomas Barrabi
New drone‑mounted robot transforms high‑voltage maintenance in Israel
The Israel Electric Corporation (IEC) has unveiled what it says is the world’s first robotic drone‑based system, capable of installing and removing warning balls on high‑voltage transmission lines. In moving away from manned platforms, this novel approach marks a significant shift in how the national grid is maintai…
· ANNA AHRONHEIM
Google lowers Gemini pricing and says AI can save companies $1bn a year | The National
Google has introduced a lower-priced option for its top generative artificial intelligence service and has said companies can save up to $1 billion annually by shifting a bulk of their work to AI.
· Alvin R Cabral
[Allison Schrager]US job market tilts female
America is fast becoming a country with two economies: A stagnant one for men and a growing one for women. So far this year, the US has created more than 165,000 private-sector jobs, and 72 percent of them went to women. To some extent this reflects a structural change in the economy, as growth is in industries more…
· Korea Herald
DP World attracts $233m investments at Jafza in sign of confidence amid war uncertainty | The National
Global ports operator DP World attracted Dh854 million ($232.5 million) in investments in the first four months of this year, with nearly half coming during the wartime months, in a sign of investor confidence.
· Alvin R Cabral
Japan's TDK to buy Malaysian startup for more AI battery capacity
Batteries account for the majority of TDK's sales. (Photo by Yuta Fukushima)
· Staff Writer
30-year US Treasury yield rises to highest since 2007
The U.S. consumer price index rose 3.8% in April compared with the same month a year earlier, the biggest jump since May 2023. © Reuters
· MASAYUKI YUDA
EU finance ministers tell US to end Middle East war
PARIS — Top European finance ministers privately pleaded with U.S. Treasury Secretary Scott Bessent to end his country’s war in the Middle East to prevent the conflict from dragging the continent deeper into economic calamity.
· Gregorio Sorgi, Giorgio Leali
Japan's Fujikura to raise US output of fiber optic cable for data centers
Fiber optic cables have become a necessary part of data center infrastructure. (Fujikura)
· Staff Writer
AI pep talks at college commencements prompt boos from graduates
Former CEO of Google, Eric Schmidt speaks during the International Investment Summit in London, Oct. 14, 2024. (Jonathan Brady/Pool Photo via AP)
· Heather Hollingsworth
BOP shortfall shrinks
THE Philippines’ balance of payments (BOP) remained in deficit in April but narrowed from month and year earlier, latest Bangko Sentral ng Pilipinas (BSP) data showed on Tuesday.
· Niña Myka Pauline Arceo
FedEx breaks ground for Clark gateway expansion
OFFICIALS of global logistics firm Federal Express Corp. (FedEx) on Tuesday broke ground for its gateway facility expansion at Clark Freeport in Pampanga.
· Chynna Grace Ong
The small firm CPA’s case for getting outside
IT’S a well-worn truth that small business owners wear every hat in the office. The same applies to the small firm accountant. Unlike their counterparts in big accounting firms or the corporate finance departments of large enterprises, accountants in small practices rarely have the luxury of compartmentalization. Th…
· Eba May Desabelle-Tibubos
War risks could weigh on Asean sukuk issuers
GEOPOLITICAL tensions could weigh on the region’s sovereigns and sukuk issuers through higher energy prices, weaker currencies and tighter external financing conditions, Fitch Ratings said.
· Niña Myka Pauline Arceo
War risks could weigh on Asean sukuk issuers
GEOPOLITICAL tensions could weigh on the region’s sovereigns and sukuk issuers through higher energy prices, weaker currencies and tighter external financing conditions, Fitch Ratings said.
· Niña Myka Pauline Arceo
Many firms interested in MRT 3 project – DOTR
THE Department of Transportation (DOTr) on Tuesday said that 74 local and international private companies have shown interest to bid in a project to expand the MRT-3, Metro Manila’s busiest rail transit line.
· The Manila Times
Century Properties net profit slips in 1st quarter
CENTURY Properties Group Inc. said Tuesday that net income after tax for the first quarter had slipped to P446 million, from P473 million a year earlier, as higher interest expenses and taxes offset improved operating efficiency and higher gross profit margins.
· Nazylen Joy Mabanglo
DOTr, LRTA sign credit line deal with LandBank
THE Department of Transportation (DOTr) and the Light Rail Transit Authority (LRTA) have signed a credit line agreement with state-run LandBank to pay the government’s P3.6 billion contractual obligations to Light Rail Manila Corp. (LRMC), the private operator of LRT-1.
· TMT Research
Top Line inks sublease to expand fuel storage
TOP Line Business Development Corp. on Tuesday announced the signing of a sublease agreement for a 30-million-liter fuel depot in Cebu.
· Ed Paolo Salting
Hotel101-Madrid racks up record one-day revenue
NASDAQ-LISTED Hotel101 Global Holdings Corp., the hospitality arm of Philippine Stock Exchange (PSE)-listed DoubleDragon Corp., on Monday said that its 680-room Madrid hotel had racked up more than 100,000 euros (approximately P7.18 million), in recurring room revenues in a single day on May 19, 2026.
· Nazylen Joy Mabanglo
Japan to test perovskite solar power at Self-Defense Forces bases
Perovskite solar cells will be installed at Self-Defense Force facilities across Japan starting in 2027 if the trial pans out. (Photo by Mizuho Miyazaki)
· Staff Writer
VisMin next property growth hubs – report
VISAYAS and Mindanao are emerging as the country’s next major real estate growth hubs amid rising business costs and changing market demands, according to property consultancy Prime Philippines.
· Nazylen Joy Mabanglo
TMT columnist Ludwig Federigan joins Trade Reporting Fellowship
Read this in The Manila Times digital edition.
· The Manila Times
Daiwa to take stake in Airborne Capital to grow aircraft lease investments
Daiwa Securities Group offers airline lease-linked products as investment assets to wealth clients. (Source photos by Nikkei)
· Staff Writer
Nickel Jumps As Indonesian Output Cut Stokes Supply Fears
Nickel prices on the London Metal Exchange surged as much as 2.6% to $19,050 a ton after Shanghai Metals Market said upwards of 15% of high-grade nickel pig iron capacity at Indonesia's Weda Bay Industrial Park will undergo rotational maintenance in the coming months, according to Bloomberg.
· Tyler Durden
The Philippine Senate, an escape tunnel for the privileged
MY last domestic column concluded a series on political dynasties. For nine weeks since, this space tracked a global apocalypse: a catastrophic war ignited by a megalomaniac Trump that decapitated Iran’s leadership, devastated the Middle East, and wrecked the global economy. Yet, following this American defeat — a d…
· Lito Monico C. Lorenzana
China market for Nvidia AI chips to open 'over time' — Huang
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· Agence France-Presse