Business | ABS-CBN News

California says Facebook impeding privacy probe

Agence France-Presse
Nov 07 07:12 AM

California's attorney general on Wednesday accused Facebook of failing to provide a slew of information subpoenaed in a probe of its privacy practices begun last year in the wake of the Cambridge Analytica scandal. Read more »

Twitter offering 'topics,' from sports teams to K-pop

Agence France-Presse
Nov 07 07:04 AM | Updated Nov 07 07:17 AM

Twitter said Wednesday it is rolling out a feature that lets users follow topics the way they do people, starting with sports and K-pop, as part of its efforts to bring in and keep more users on the service.  Read more »

Lufthansa crew strike set to go ahead on Thursday after court ruling

Reuters
Nov 07 05:29 AM

FRANKFURT - A two-day strike by Lufthansa cabin crew was set to begin on Thursday after a German court ruled late on Wednesday against management's efforts to stop it. Read more »

Facebook executives planned 'switcharoo' on data policy change - court filings

Katie Paul and Mark Hosenball, Reuters
Nov 07 12:22 AM | Updated Nov 07 07:17 AM

SAN FRANCISCO - Facebook Inc began cutting off access to user data for app developers from 2012 to squash potential rivals while presenting the move to the general public as a boon for user privacy, according to court documents reviewed by Reuters.   Read more »

Metro Pacific welcomes change in PPP infra list

ABS-CBN News
Nov 07 12:01 AM | Updated Nov 07 07:26 AM

Metro Pacific Investments, a major player in the Philippine infrastructure sector, welcomed the Duterte administration's change of heart on public-private partnership projects. Read more »

Will Philippines benefit from Asia mega free-trade deal?

ABS-CBN News
Nov 06 11:55 PM

The Philippine government asserts the country stands to benefit from the Regional Comprehensive Economic Partnership (RCEP), given its strategic location in the region. Read more »

Pokemon Go maker Niantic making a game of the world

Glenn Chapman, Agence France-Presse
Nov 06 11:50 PM | Updated Nov 07 07:17 AM

Pokemon Go maker Niantic on Wednesday moved closer to turning the world into a giant game board in a fun mix of fantasy and reality. Read more »

IMF cuts euro zone growth forecasts, as Germany slows and Italy stalls

Reuters
Nov 06 10:52 PM

Euro zone economic growth is set to slow more than expected as the bloc's manufacturing crisis could spill over to the larger services sector under protracted global trade tensions, the International Monetary Fund said on Wednesday.   Read more »

Gov’t revises list of flagship infra projects, drops unfeasible items

ABS-CBN News
Nov 06 09:03 PM

The number of flagship projects increased to 100, even though a few ones were scrapped because they were "not economically viable." Read more »

PSEi falls amid possible snag in US-China trade deal

ABS-CBN News
Nov 06 08:42 PM

Philippine shares fall alongside most Asian peers as China pushes US to remove more tariffs.    Read more »

Fast facts about your 13th month pay

Moneymax.ph
Nov 06 08:19 PM

Let’s see how much you’re going to receive this holiday season. Read more »

Mga nais mag-OFW binalaan vs pekeng POEA Facebook accounts

ABS-CBN News
Nov 06 07:08 PM | Updated Nov 07 07:40 PM

Nagbabala ang POEA kontra sa mga Facebook account na gumagamit ng pangalan ng ahensiya at ng mga opisyal nito para makapag-alok ng mga pekeng trabaho abroad.  Read more »

MWSS sets yearly review of Manila Water, Maynilad services instead of every 5 years

ABS-CBN News
Nov 06 05:14 PM

Regulatory Financial Audits (RFA) will be conducted annually instead of 5 years to ensure that delivery of services are in accordance with its concession agreement, the MWSS said in a statement.  Read more »

Presyo ng hamon tumaas sa Metro Manila

ABS-CBN News
Nov 06 05:12 PM | Updated Nov 06 07:18 PM

Naglalaro sa P40 hanggang higit P100 kada kilo ang itinaas sa presyo ng hamon sa Metro Manila, base sa pag-iikot ng ABS-CBN News sa mga bilihan. Read more »

Adidas has eyes on 2019 finish line after Q3 profit slip

Agence France-Presse
Nov 06 04:41 PM

Double-digit growth in China and North America was Adidas' biggest sales driver, while Europe inched up more tentatively. Read more »

Internet risks 'dangerous' split between US, China: Trump gov't official

Jodi Xu Klein, South China Morning Post
Nov 06 04:31 PM

Superfast 5G internet connections are expected to change our lives, from smart cars bypassing traffic jams to interactive health monitors to home help in the kitchen. China so far is winning the race to 5G and is on track to dominate it in the near term, analysts say. Read more »

SoftBank Group profit plunges owing to WeWork turmoil

Agence France-Presse
Nov 06 03:47 PM

In the three-month period ending September 30, operating losses hit a whopping 704.4 billion yen ($6.4 billion).   Read more »

LIST: Canceled flights on Nov. 6 due to bad weather

ABS-CBN News
Nov 06 03:36 PM

Several flights were canceled Wednesday due to bad weather, the Manila International Airport Authority (MIAA) said.  Read more »

Sisig, tocino lose some sizzle as swine fever scare bites

Jamaine Punzalan, ABS-CBN News
Nov 06 01:47 PM | Updated Nov 07 05:49 AM

An outbreak of African swine fever spooked off consumers from pork, slashing profits and spawning potential job losses.  Read more »

Philippines unprepared for nuclear energy: Senate energy panel chair

Katrina Domingo, ABS-CBN News
Nov 06 01:43 PM

The Department of Energy announced recently its plan to draft a national nuclear program, which the Senate Energy Committee, chaired by Sen. Sherwin Gatchalian, will investigate. Read more »

Milking it: Investors hope Qatar's desert dairy will be cash cow

Gregory Walton and Anne Levasseur, Agence France-Presse
Nov 06 01:30 PM

Qatar is now looking to its nascent dairy industry to play a role in the drive to diversify the economy away from oil and gas. Read more »

Philippines poised to benefit from China-led free trade pact

ABS-CBN News
Nov 06 12:37 PM | Updated Nov 06 01:26 PM

The Philippines could reap “incremental” gains depending on what “additional access” a region-wide free trade agreement will open up in the future, University of Asia and the Pacific international economics professor George Manzano ANC.    Read more »

FedEx to keep Asia Pacific hub in China, plans Clark expansion

ABS-CBN News
Nov 06 12:24 PM | Updated Nov 06 12:32 PM

Statements released by Philippine Ambassador to the US Jose Manuel Romualdez, which "appeared to imply" that FedEx is relocating its Asian hub to the Philippines, is "unequivocally incorrect," FedEx Express said in a statement.    Read more »

Trade deficit narrows to $3.12 billion September

ABS-CBN News
Nov 06 11:37 AM | Updated Nov 06 04:12 PM

The trade deficit totaled $3.12 billion in September from $4.02 billion during the same month in 2018. The shortfall was at $2.41 billion in August this year.  Read more »

MacroAsia partners with Japan's Konoike Transport

ABS-CBN News
Nov 06 11:07 AM

MacroAsia Corp will acquire 30 percent stake in Japan Airport Service Co. Ltd. through NKS Holding Co. Ltd., the Tokyo-based subsidiary of Konoike Transport, the company said in a disclosure to the stock exchange.    Read more »