The Philippines raised the potential of a joint nickel and copper collaboration with Indonesia to facilitate the transition to green technologies for sustainable future. Trade and Industry Secretary Alfredo E. Pascual raised this potential at the Joint Philippines-Indonesia Roundtable Meeting on Wednesday, Jan. 10, in Makati in time for the …
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Car rental giant Hertz dumps EVs in U.S. in favour of gasoline engines
Rental firm Hertz Global Holdings said on Thursday it would sell about 20,000 electric vehicles, including Teslas, from its U.S. fleet due to higher expenses related to collision and damage, and will opt for gas-powered vehicles. Company says collision and damage costs are higher for electric vehicles Rental firm Hertz …
Read More »After a tough year, Aritzia banks on U.S. expansion to keep growth humming
The Vancouver clothing chain's latest earnings were an improvement compared to the last two quarters, but the company still isn't performing as well as it did at the beginning of last year. Vancouver retailer's net income down 39% this quarter Improved financial performance at Vancouver-based retailer Aritzia sent the company's …
Read More »Bitcoin exchange-traded funds get approval from U.S. SEC
U.S. financial regulators have formally approved new bitcoin exchange-traded funds. The move is being heralded as a landmark moment in the history of cryptocurrency and its acceptance into mainstream financial markets. Move is seen as a major shift in the acceptance of cryptocurrency into mainstream financial markets After a head-spinning …
Read More »United, Alaska Airlines report loose hardware on 737 MAX planes
NEW YORK, United States — United and Alaska Airlines both reported on Monday that loose hardware had been discovered on some of their Boeing 737 MAX 9 planes during preliminary inspections after a dramatic mid-flight incident last week. The disclosures come as US federal transportation inspectors probe what caused a …
Read More »US Fed official changes tune to back prolonged pause
WASHINGTON, United States — A senior US Federal Reserve official who recently suggested further interest rate hikes could be needed to tackle inflation said Monday that her views had changed due to recent data. In December, the Fed voted to hold interest rates at a 22-year high and penciled in …
Read More »Hundreds of workers lose jobs at Amazon Prime Video, MGM Studios and Twitch
Online giant Amazon is eliminating hundreds of positions across various video and streaming divisions — cuts that come as the company has eliminated more than 27,000 jobs over the past year. Online giant Amazon has cut more than 27,000 jobs over the past year Online shopping giant Amazon is eliminating …
Read More »Who benefits most from Canada’s ambitious EV targets? Maybe China
Analysts suggest there could be unintended consequences for Canada setting EV sales regulations and that China and its auto manufacturing base could come out the winner, all at the expense of Canada's auto industry. Federal government set national target of 100% zero-emission vehicle sales by 2035 Flavio Volpe, head of …
Read More »U.S. SEC has not approved bitcoin ETFs, says social media account was compromised
The U.S. Securities and Exchange Commission says that a social media post saying it had approved a spot bitcoin exchange-traded fund was false and its account had been compromised. The Securities and Exchange Commission says a post made Tuesday on X was incorrect The U.S. Securities and Exchange Commission (SEC) …
Read More »Boeing hit by new headwinds in recent mid-flight scare
NEW YORK, United States — A mid-air emergency in which a piece of fuselage came off a Boeing 737 MAX 9 jetliner as it flew over the US west coast dealt a new blow to the oft-beleaguered manufacturer. However, the consequences for Boeing are expected to be limited. On Saturday …
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