Mazda cuts EV investment by 20% on slowing US demand
Mazda plans to add a hybrid version of its CX-5 flagship SUV in 2027. (Photo by Hirotake Kitagawa)
· Staff Writer
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Newest first · UTC+11:00Abu Dhabi's Agthia posts 13% rise in first-quarter profit on resilient operations | The National
Abu Dhabi food and beverage company Agthia Group has reported a 13 per cent annual rise in its profit for the first quarter of this year, underpinned by its growing and diversified portfolio amid challenging economic scenarios.
· Alvin R Cabral
‘Rush Hour’ director Brett Ratner joining Trump, America’s top business leaders in China
Film director Brett Ratner will be in China with President Trump as part of the US delegation.
· Emily Goodin
Hersheypark may not be opening for summer season on time
A potential strike by more than 200 unionized maintenance workers may keep Hersheypark from opening for the summer season on time.
· Ariel Zilber
St. John’s lands another international recruit with Babacar Sane commitment
St. John’s foray into the international market continued Tuesday.
· Zach Braziller
Singapore's Sea logs drop in e-commerce profit as competition intensifies
Sea's revenue rose 46.6% year on year in the first quarter of 2026. © Reuters
· KENTARO TAKEDA
Macron and Ruto pledge mutal respect and co-investment at Africa Forward summit in Nairobi
Calls for mutual respect dominated the Africa Forward Summit on Tuesday as French President Emmanuel Macron announced new investments and said sovereignty will be key in the new partnership that France hopes to build with Africa.
· AfricaNews
Qualcomm drops 13% as chip stocks pull back from record AI-driven rally
Chip stocks dropped on Tuesday, pulling back from a massive rally that broadened the artificial intelligence trade beyond Nvidia and propelled the sector to new highs.
· Samantha Subin
Dodgers trade for Alek Thomas, but aren’t putting him on MLB roster
The Dodgers acquired a recognizable name in a minor trade with the Diamondbacks on Tuesday.
· Jack Harris
Dodgers acquire outfielder Alek Thomas in trade with Diamondbacks
Arizona Diamondbacks’ Alek Thomas, left, scores a run as Pittsburgh Pirates catcher Joey Bart makes a late tag during the sixth inning of a baseball game, Tuesday, May 5, 2026, in Phoenix. (AP Photo/Ross D. Franklin)
CCAP, JCB strengthens push for responsible borrowing
AS more Filipinos rely on credit to manage everyday expenses, the Credit Card Association of the Philippines (CCAP) is intensifying its efforts to promote responsible borrowing and improve financial literacy across the country.
· The Manila Times
DITO, Telin partner to expand cross-market connectivity across Asia
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· The Manila Times
PCG, IALA to modernize ATONs, vessel traffic system in Manila Bay
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· Yashika F. Torib
ERC approves Meralco moves to lower charges
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· Ed Paolo Salting
Employees as volunteers, not assets
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· Christian Fev Cendaña
Customs seizes P3.3B cigarettes, raw tobacco
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· william depasupil
Crisis and business stewardship
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· Christopher M. Ferareza
BOI: PH pursuing sustainable mining devt
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· Chynna Grace Ong
PH firms rush AI spending over fear of falling behind
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· The Manila Times
PSEi slips on profit-taking; Peso down
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· nazylen joy mabanglo with nina myka pauline arceo
Bank lending, money supply up in March
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· Niña Myka Pauline Arceo
Dr Sultan Al Jaber calls Iran's Hormuz blockade 'arithmetic of extortion' | The National
Iran's blockade of the Strait of Hormuz amounts to an “arithmetic of extortion”, Dr Sultan Al Jaber, Minister of Industry and Advanced Technology, said on Tuesday.
· The National
eBay rejects GameStop’s $56 billion takeover offer
Online seller eBay is rejecting an unsolicited $56 billion takeover offer from GameStop, calling the proposal “neither credible or attractive.”
· Associated Press
Popular makeup brand co-founder renounces fortune from $3B business to become Catholic priest
Scott-Vincent Borba, the co-founder of e.l.f. Cosmetics has ditched the multimillion-dollar high life of hobnobbing with the hot likes of Paris Hilton and Kim Kardashian to pursue priesthood.
· Asia Grace
AI engine: China’s booming tech exports give Beijing ‘wind in its sails’ for Trump summit
The role of tech products in April’s trade data reflects how computing-related goods are a ‘new and important growth driver’ for exports
· Xinmei Shen
AI engine: China’s booming tech exports give Beijing ‘wind in its sails’ for Trump summit
The role of tech products in April’s trade data reflects how computing-related goods are a ‘new and important growth driver’ for exports
· Xinmei Shen
Wendy’s shares soar 14% on report investor Nelson Peltz seeks funding to take struggling chain private
Activist investor Nelson Peltz’s Trian Fund Management is seeking investor backing for a potential bid to take fast-food chain Wendy’s private, the Financial Times reported Tuesday, citing people familiar with the matter.
· Reuters
China ice cream chain Mixue takes page from Labubu with Snow King merch
Mixue opened this large store, with a second floor dedicated to Snow King merchandise, in Guangzhou in December. (Photo by Shizuka Tanabe)
· Staff Writer
Japan bearing makers NSK, NTN agree to merge into world's top player
NSK President Akitoshi Ichii, left, shakes hands with NTN President Eiichi Ukai at a news conference May 12. (Photo by Kosaku Mimura)
· Staff Writer
Rights group claims Nigerian airstrike killed 100 civilians in a market
ABUJA, Nigeria (AP) — A Nigerian military airstrike killed 100 civilians in a market over the weekend, Amnesty International claims.
Solar firms in US allege Chinese tariff evasion through Ethiopia
Solar panels in the Chinese province of Gansu. Chinese-origin parts of a solar panel and cell are subject to 50% duties when shipped into the U.S. © Reuters
· PAK YIU
Polymarket promo code NYPMAX: Deposit $20, get $20 for the 2026 PGA Championship
The prediction market Polymarket is offering a new promo for the 2026 PGA Championship, and it can be unlocked with the Polymarket promo code NYPMAX.
· Mike Turay
South Africa's luxury boat industry turns to Europe as US market weakens
South Africa’s world‑renowned luxury catamaran sector — a $298‑million industry exporting 90% of its boats — is battling a sharp downturn as fluctuating United States tariffs unsettle its biggest market and force builders to seek new horizons.
· AfricaNews
Aldar to build community on Al Mihsinah Island as part of five megaprojects | The National
Aldar Properties, Abu Dhabi's biggest listed developer, has teamed up with the Department of Municipalities and Transport to build new residential communities in the emirate, including on an undeveloped island within the northern coast.
· Fareed Rahman
Germany’s Merz booed at major trade union congress
German Chancellor Friedrich Merz faced a hostile reception at a major trade union congress in Berlin on Tuesday, with delegates repeatedly heckling and booing him as he defended painful economic reforms.
· Milena Wälde
Tokio Marine gets green light for talks to buy Malaysia's RHB Insurance
Tokio Marine collaborated previously with RHB Bank on life insurance sales. (Photo by Kosuke Imamura)
· Staff Writer
Trump-Xi meeting: Could China, US form a ‘G2’?
US President Donald Trump is set to arrive in Beijing on Wednesday for a two-day summit with China’s President Xi Jinping, marking the two leaders’ first face-to-face talks six months after reaching a trade war truce.
· Federica Marsi
Israeli startup Frame Security raises $50m
Israeli startup Frame Security has completed a $50 million financing round led by Index Ventures, Team8, and Picture Capital, with participation from Wiz CEO Assaf Rappaport and Elad Gil, who has also invested through his fund, Gil Capital.
· GLOBES/TNS
China clears Tencent’s Ximalaya acquisition with strict bans on exclusive deals, fee hikes
The State Administration for Market Regulation cleared the deal on Tuesday, but imposed five conditions
· Iris Deng
China clears Tencent’s Ximalaya acquisition with strict bans on exclusive deals, fee hikes
The State Administration for Market Regulation cleared the deal on Tuesday, but imposed five conditions
· Iris Deng
US consumer inflation jumps as Iran war sends energy prices higher
Inflation had been dropping more or less steadily since peaking with a 9.1 per cent year-over-year spike in prices in June 2022
· Associated Press
US consumer inflation jumps as Iran war sends energy prices higher
Inflation had been dropping more or less steadily since peaking with a 9.1 per cent year-over-year spike in prices in June 2022
· Associated Press
Here's the inflation breakdown for April 2026 — in one chart
Inflation jumped in April to the highest level in nearly three years as surging gas prices due to the Iran war pushed up the cost of many consumer goods.
· Jessica Dickler
Mohamed Alabbar plans up to $19 billion in Syria investments | The National
Emaar founder Mohamed Alabbar is planning to invest upto $19 billion in Syria in different projects as Damascus looks to attract investments to rebuild its economy.
· Fareed Rahman
New weight loss pills could become long term obesity treatments | The National
Weight loss achieved through injectable GLP-1 drugs could be maintained by new oral pills entering the market and become a preventable treatment for chronic health conditions.
· Nick Webster
Israeli-Cypriot cyber company to unveil Starlink de-anonymizing tool - report
An Israeli-Cypriot cyber company has developed a tool to de-anonymize Starlink users, and is expected to reveal it at the upcoming ISS World Europe conference, Intelligence Online reported on Monday.
· TZVI JASPER
Trump’s cadre of CEOs hunts for wins in China, from soybeans to semiconductors
Corporate leaders join this week’s state visit, with a diverse group eyeing market access and stability amid frictions
· Kandy Wong
Trump’s cadre of CEOs hunts for wins in China, from soybeans to semiconductors
Corporate leaders join this week’s state visit, with a diverse group eyeing market access and stability amid frictions
· Kandy Wong
Elon Musk joins Trump’s Beijing delegation as a ‘natural bridge’ for trade
Gigafactory stakes and a push for self-driving software approval cast the billionaire as a key US envoy while seemingly sealing a reconciliation with Trump
· Sylvia Ma
Elon Musk joins Trump’s Beijing delegation as a ‘natural bridge’ for trade
Gigafactory stakes and a push for self-driving software approval cast the billionaire as a key US envoy while seemingly sealing a reconciliation with Trump
· Sylvia Ma