Duty Free Philippines bets on airport expansion to lead its next phase of growth
Duty Free Philippines Corp. (DFPC) is opening a new chapter in its modernization drive by strengthening its presence inside the country’s international airports as part of its long-term growth strategy. As part of this shift, DFPC is in discussions regarding
Why US sanctioned former EU official, 4 others; what it says about transatlantic tech rift
The United States has sharply escalated its confrontation with Europe over digital regulation, imposing visa sanctions on former European Union officials and leaders of anti-disinformation groups in a move that has drawn swift condemnation from across the Atlantic. The sanctions, announced
GLP-1 weight-loss pills set to reshape US food demand in 2026
Analysts predict packaged food manufacturers and fast-food eateries may be pushed to alter more of their goods next year when newly licensed appetite-suppressing GLP-1 tablets become accessible in January 2026. The decision comes as more Americans are likely to try
US stocks hold steady on Christmas Eve as investors watch Santa Claus rally
US stocks held steady on Christmas Eve, with the broad market opening virtually flat. The Dow edged marginally higher, while the Nasdaq Composite matched the S&P’s sluggish performance in a shortened trading session marked by thin holiday volumes and cautious investor
Agios Pharma jumps 15% as FDA expands use of anaemia drug mitapivat
Shares of Agios Pharmaceuticals surged nearly 15% in premarket trading on Wednesday after the US Food and Drug Administration approved an expanded use of its drug mitapivat, strengthening investor optimism around the company’s growth prospects. The approval allows mitapivat to be
Nvidia stock plunges after Intel’s 18A move: what does it mean for AI chips?
Nvidia stock (NASDAQ: NVDA) tumbled nearly 1% on Wednesday after reports surfaced that the AI chipmaker has paused testing of Intel’s ambitious 18A manufacturing process. The move marks a significant setback for Intel’s foundry revival strategy and reinforces questions about whether
Commodity wrap: gold, silver prices ease on Christmas Eve; oil heads for steepest drop since 2020
Gold prices took a breather on Christmas Eve after rising above the psychologically-crucial level of $4,500 per ounce. Silver prices also fell slightly on Wednesday, after having hit a series of record highs in the last few weeks. Prices had breached
Europe bulletin: FTSE slips, US-EU clash escalates, Secure Trust’s big move
European markets drifted into the Christmas break as thin trading left the FTSE slightly lower, even as the index capped a standout year of outperformance. Politics, meanwhile, moved faster than markets: Washington’s visa bans on EU tech figures sharpened a transatlantic
Wall Street close: S&P 500 ends at record high, Dow gains 289 points
Wall Street closed higher for a fifth consecutive session on Wednesday, with the Dow Jones Industrial Average gaining approximately 300 points to reach a fresh record high as investors welcomed weaker-than-expected inflation signals. The S&P 500 also hit an intraday record
Evening digest: Bitcoin drifts as S&P 500 hits record high, Japan seals $3B PE exit
Markets tiptoed into Christmas with records on thin ice. US equities notched fresh highs in a shortened session, Japan saw a landmark private-equity exit under activist pressure, oil rebounded on growth optimism shadowed by geopolitics, and crypto remained stuck in