Business | ABS-CBN News

Microsoft to erase its carbon footprint from atmosphere for climate push

Stephen Nellis and Jeffrey Dastin, Reuters
Jan 17 03:05 AM | Updated Jan 17 08:46 AM

Microsoft Corp said on Thursday it aims to remove more carbon from the atmosphere than it emits by 2030 and that by 2050, it hopes to have taken out enough to account for all the direct emissions the company has ever made. Read more »

Nestle to invest 2B Swiss francs in recycled plastics

Agence France-Presse
Jan 17 02:15 AM

Swiss food giant Nestle said Thursday it would invest 2.0 billion Swiss francs over five years to cut its use of virgin plastics in favor of food-grade recycled plastics. Read more »

DTI wants higher penalties for Consumer Act violators

ABS-CBN News
Jan 17 12:57 AM

The Department of Trade and Industry is seeking higher fines for violators of the Consumer Act. Read more »

PH shares extend decline

ABS-CBN News
Jan 17 12:54 AM

Asian markets showed a tepid reaction to the signing of the US-China phase one trade deal. Read more »

Sense of normalcy

Jonathan Cellona, ABS-CBN News
Jan 17 12:04 AM | Updated Jan 17 12:27 AM

Children ride a scooter at Good Shepherd Bahay Pastulan, which stopped production of its ube jam because of the current status of Taal. Read more »

Ghosn used company money for private events: Nissan

Kyodo News
Jan 16 10:42 PM

Nissan Motor Co. said Thursday that former Chairman Carlos Ghosn used company funds for private events abroad, including a party held at the Palace of Versailles and paying for guests to attend the Carnival in Rio de Janeiro. Read more »

China’s Xi to tie up Belt and Road deals in ‘historic’ Myanmar visit

Thu Thu Aung and Sam Aung Moon, Reuters
Jan 16 08:07 PM

China's President Xi Jinping will visit Myanmar on Friday to ink massive infrastructure deals and extend influence in a neighbor whose ties with the West were frayed by accusations that it conducted genocidal policies against ethnic Rohingya Muslims. Read more »

DTI readies loans, livelihood aid for small businesses affected by Taal

ABS-CBN News
Jan 16 07:01 PM

The Department of Trade and Industry on Thursday said it will provide livelihood assistance and loans for small businessmen affected by the eruption of Taal Volcano.    Read more »

Aid underway for farmers, fisherfolk affected by Taal: Agri chief

ABS-CBN News
Jan 16 03:36 PM | Updated Jan 16 04:39 PM

These include fishery inputs and livelihood assistance.The DA will also provide trucks and vehicles to help evacuate animals and transport feeds and supplies, Agriculture Secretary Willam Dar said.   Read more »

Globe says Laguna, Cavite service fully restored after Taal disruption

ABS-CBN News
Jan 16 01:03 PM

Ashfall earlier prevented Globe from fueling up generator sets that would serve as backup power for its transmission towers, the Ayala-run telco said. Read more »

Luzon on second-highest power alert due to insufficient reserves

ABS-CBN News
Jan 16 10:28 AM

Yellow Alert, one step below red alert, will be in place from P10:01 a.m. to 11 a.m.; from 1:01 p.m. to 4 p.m.; and from 5:01 p.m. to 7 p.m. Read more »

Cebu Pacific starts 2-day 'piso fare' sale

ABS-CBN News
Jan 16 09:26 AM

The Jan. 16 to 17 sale period will be for travel from Jul. 1 to Dec. 31 this year, the Gokongwei-led airline said. Only online payments via the Cebu Pacific website or app will be accepted, it said. Read more »

US-China trade deal: What’s in (and out) the agreement

Peter Eavis and Alan Rappeport, The New York Times
Jan 16 09:13 AM

The agreement signed Wednesday includes some victories for Trump: China has committed to buy an additional $200 billion of American goods and services by 2021 and crack down on business practices that the Trump administration has criticized. But text of the accord does not provide enough information to determine how it will work in practice. Read more »

Germany's leader to seek end to Huawei dispute in her party: sources

Reuters
Jan 16 08:56 AM

Chancellor Angela Merkel's conservatives are divided on whether to support a proposal by their Social Democrat junior coalition partners that, if approved, would effectively shut out the Chinese technology giant from the network. Read more »

BPI reschedules system maintenance to Feb 22

ABS-CBN News
Jan 16 08:52 AM

The Philippines fourth largest lender said clients could proceed with their planned transactions this weekend. Read more »

World stocks climb new peaks on US-China trade deal

Herbert Lash, Reuters
Jan 16 08:36 AM | Updated Jan 16 08:37 AM

US President Donald Trump and Chinese Vice Premier Liu He signed a Phase 1 deal that will roll back some tariffs and see China boost purchases of US goods and services, defusing a prolonged conflict between the world's two largest economies. Read more »

US continues 'modest' growth, outlook 'modestly favorable': Fed

Agence France-Presse 
Jan 16 07:49 AM

The US economy showed less-than-stellar growth in final weeks of 2019, but produced solid holiday sales and enters 2020 with a "modestly favorable" outlook, the Federal Reserve said Wednesday.   Read more »

US, China sign 'momentous' trade deal

Agence France-Presse
Jan 16 03:29 AM

After nearly two years of conflict between the world's two dominant economic powers, the United States and China signed a trade truce on Wednesday, letting businesses around the globe breathe a sigh of relief. Read more »

Mga negosyo sa Tagaytay City, umaasang makakabawi

ABS-CBN News
Jan 16 01:21 AM

Iniinda na ng mga may negosyo sa Tagaytay City ang epekto ng ashfall kasunod ng pag-aalboroto ng bulkang Taal. Read more »

Will Taal volcano eruption affect PH tourism?

ABS-CBN News
Jan 16 12:53 AM

The Philippines' tourism industry is seen to overcome the impact of the Taal Volcano's eruption. Read more »

PH shares join regional slide as US-China trade concerns linger

ABS-CBN News
Jan 16 12:50 AM

Steven Mnuchin's tariff comment dampened market sentiment in Asia, including the Philippines. Read more »

Wash the ash

Mark Demayo, ABS-CBN News
Jan 15 11:39 PM | Updated Jan 16 06:44 AM

Workers hose down the roof of a popular wedding destination in Tagaytay City on Wednesday, days after the eruption of Taal Volcano. Read more »

Gray pineapples: Volcano devastates Tagaytay farm

Adrian Portugal, Reuters
Jan 15 10:33 PM

Farmer Jack Imperial woke to a picture of devastation after ash spewed from a volcano in the Philippines - his verdant green pineapple field had been transformed to a dirty dark gray. Read more »

Phase 2 of China trade deal to address certain tech issues -US

Reuters
Jan 15 09:38 PM | Updated Jan 15 09:51 PM

US Treasury Secretary Steven Mnuchin said on Wednesday that some technology and cybersecurity issues would be resolved in the next chapter of a deal to end a trade dispute between the United States and China.   Read more »

France wants Netflix to invest 25% of revenue in local content

Agence France-Presse
Jan 15 09:29 PM

France wants streaming services like Netflix and Amazon to invest a quarter of their sales in the country into French and European productions, more than has previously been evoked as part of regulatory reform. Read more »