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US equity futures are up big this morning and making fresh all time highs, led by tech companies, while oil prices and bond yields fell sharply on optimism that the US and Iran are nearing a peace deal. As of 8:00am Nasdaq 100 futures jumped 1.7% while those for the S&P 500 gained 1%, with both gauges set to build o…
With non-farm payrolls looming, we get another glimpse at the labor market today from the ADP Employment Report which shows the US economy added 109k jobs in April (a slight disappointment relative to +120k exp). That is the tenth straight month of job additions and strongest monthly addition since January 2025...
Samsung Electronics has decided to withdraw its home appliance and TV sales business in China amid its struggle to shore up its presence in one of the world's most important markets, industry sources said Wednesday.
Trade and Industry (DTI) Undersecretary Allan Gepty underscores the importance of the Asean Power Grid initiative as a key priority in strengthening regional energy security and economic resilience during a briefing in Cebu ahead of the 48th Asean Summit. In a press conference on May 5, 2026, Gepty stressed the need…
Private sector job creation was stronger than expected in April, providing more evidence of a stable labor market and less incentive for the Federal Reserve to lower interest rates amid persistently higher inflation, ADP reported Wednesday.
Local government units (LGUs) and national agencies should consider shifting to micro data centers to improve service delivery and IT system management, an industry expert said during the launch of Cannovate Micro Data Center in Makati City on May 5, 2026. Paul Jason Lapus, director for Smart and Secure Infrastructu…
MANILA, Philippines — The government’s outstanding debt hit a new record high in March driven primarily by a weaker peso and net issuance of domestic securities.
Thousands of domestic train services added on last day of ‘golden week’ to meet record demand, and high energy costs affect consumer spending
Thousands of domestic train services added on last day of ‘golden week’ to meet record demand, and high energy costs affect consumer spending
SEOUL — The market value of South Korea's Samsung Electronics smashed past $1 trillion for the first time Wednesday as the firm rides an AI chip boom that has sent Seoul's Kospi stock index to record highs.
Litro Gas Lanka has announced that domestic gas prices will remain unchanged for the month of May, despite rising international market costs and ongoing pressure from exchange rate fluctuations.
LONDON — Owners of some iPhones are in line to get cash payments of up to $95 from Apple after the company on Tuesday reached a $250 million settlement in a class-action lawsuit for false advertising of its artificial intelligence capabilities.
It's not just China: American technology companies should brace for new European supply chain security rules too, the key lawmaker reforming the European Union's cybersecurity regulation said on Wednesday.
In this Aug. 8, 2017, file photo, The Walt Disney Co. logo appears on a screen above the floor of the New York Stock Exchange. (AP Photo/Richard Drew, File)
The South Korean Embassy in the United States has replied to a letter from US Republican lawmakers taking issue with what they described as discriminatory regulations against e-commerce giant Coupang and other American companies, the foreign ministry said Wednesday.
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Adnoc Drilling expects to pass $5 billion in revenue this year, topping last year's record despite Iranian attacks on energy sites across the UAE, its chief financial officer said.
Paris-based FATF wants Singapore as a global financial hub to penalize criminals laundering dirty money there more severely. © Reuters
London Jewelers is honored to celebrate a century in business. To mark the glittering milestone, the company has published a new coffee-table book tracing its illustrious history.
In recent months, global disruption has become an operational reality for industries across the region. Supply chain pressures have tested systems, but they have also shown the value of the UAE’s industrial ecosystem. When resilience and flexibility are designed into the way manufacturing sectors operate, essential …
Novo Nordisk shares jumped as much as 9% in Copenhagen, suggesting the stock may finally be bottoming out after a vicious multi-year bear market. The move followed the Danish drugmaker's decision to raise its 2026 guidance ranges for adjusted sales and adjusted operating profit, citing solid momentum in Wegovy sales.
Ex-economy minister Rafizi Ramli, who is questioned by the MACC, previously pitched the deal as key to the Malaysian chip sector’s future
Ex-economy minister Rafizi Ramli, who is questioned by the MACC, previously pitched the deal as key to the Malaysian chip sector’s future
Meteorology and climate science are “fundamental pillars” of the UAE's national security, economic resilience and sustainable development, newly appointed minister Dr Abdulla Al Mandous has declared.
CVS Health on Wednesday blew past first-quarter earnings and revenue estimates and raised its 2026 guidance, as its once-troubled insurance business showed improvement.
Land tenders may test market discipline due to risk of intense bidding, given Hong Kong’s pronounced property upcycles, S&P says
Land tenders may test market discipline due to risk of intense bidding, given Hong Kong’s pronounced property upcycles, S&P says
Emirates Global Aluminium and its subsidiary Guinea Alumina Corporation have reached an agreement to “definitively” settle disputes from the cessation of GAC's activities in the Republic of Guinea.
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SEOUL, May 6 (Yonhap) -- Samsung Electronics has decided to withdraw its home appliance and TV sales business in China amid its struggle to shore up its presence in one of the world's most important markets, industry sources said Wednesday.
Tawazun Council and AD Ports Group have joined forces to develop a strategic industrial base in Abu Dhabi in a bid to enhance the UAE’s defence manufacturing capabilities.
A French container ship was struck in the Strait of Hormuz, injuring several crew members, amid U.S. President Donald Trump's on-and-off guarantee of escorting commercial vessels through the critical waterway.
SEOUL, May 6 (Yonhap) -- South Korea and Morocco agreed to closely cooperate for the early launch of negotiations for a bilateral comprehensive economic partnership agreement (CEPA), Seoul's trade ministry said Wednesday.
Move aligns with mainland China’s decision following concerns that concealed door handles, which are usually electronic, pose safety risks
Move aligns with mainland China’s decision following concerns that concealed door handles, which are usually electronic, pose safety risks
Companies such as Foxconn and BYD are among the top performers as overseas revenues account for nearly 17 per cent of total income.
Companies such as Foxconn and BYD are among the top performers as overseas revenues account for nearly 17 per cent of total income.
Disposal of stake in UK’s biggest mobile carrier adds HK$2 billion profit, but conglomerate unlikely to declare special dividend: Citigroup
Disposal of stake in UK’s biggest mobile carrier adds HK$2 billion profit, but conglomerate unlikely to declare special dividend: Citigroup
Having a financial centre on the island will help boost national economic competitiveness, officials say
Having a financial centre on the island will help boost national economic competitiveness, officials say
SEOUL, May 6 (Yonhap) -- The South Korean Embassy in the United States has replied to a letter from U.S. Republican lawmakers taking issue with what they described as discriminatory regulations against e-commerce giant Coupang and other American companies, the foreign ministry said Wednesday.
As global supply chains face sustained disruption, the UAE is pressing ahead with a plan to build sovereign AI infrastructure, technology and data that the country can control without relinquishing intellectual property to foreign providers.
Marwan, a father of four, says today's children will have to grow up with AI. (Photos by Shun Kato)
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‘The Devil Wears Prada 2’ Lobs a Shot at Corporate Media2:28
Brussels’ proposed new Cybersecurity Act would require vast amounts of Chinese equipment to be ripped out and replaced in a slew of industries
Brussels’ proposed new Cybersecurity Act would require vast amounts of Chinese equipment to be ripped out and replaced in a slew of industries
Retail sales reached HK$33.9 billion as buyers raced to make deals before first registration tax concessions for electric cars ended
Retail sales reached HK$33.9 billion as buyers raced to make deals before first registration tax concessions for electric cars ended