Business World

NEW YORK — The top US auto regulator opened an investigation Monday after a Tesla using an automated driving feature slammed into a Texas home at high speed and killed a 76-year-old woman standing inside. The National Highway Traffic Safety Administration said it's opening a special investigation into the Tesla …

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THE stock market could take a breather this week as investors weigh developments in the Middle East against lingering inflation pressures and a still-restrictive monetary policy environment. The Philippine Stock Exchange index (PSEi) closed Friday at 6,135.35, up 3.81 percent week-on-week, holding above its established 5,800 to 6,150 consolidation range. …

Read this in The Manila Times digital edition. GOVERNMENT infrastructure disbursements have yet to recover this year as tighter review procedures implemented in the wake of last year’s corruption scandal continue to weigh on project execution and payment processing. Data released by the Department of Budget and Management (DBM) showed …

THE Bangko Sentral ng Pilipinas (BSP) could pause its tightening cycle if inflation slows faster than expected and lower global energy costs feed through more quickly into domestic prices. This contrasts with the prevailing expectation of continued but gradual tightening as inflation pressures remain elevated and second-round effects continue to …

THE government will fast-track projects and incentives that offer “a powerful draw” to semiconductor and artificial intelligence (AI) companies to invest in the Philippines, Malacañang said. In his remarks during a visit to Texas Instruments facility in Clark, Pampanga on Friday, Executive Secretary Ralph Recto said the President has attached …

Jaymark Fontanilla Content Creato “I want to encourage other people who have not finished their schooling in elementary and high school to take advantage of this government program. Don’t be ashamed, age does not matter in education as long as we wanted to achieve more in life. It will open …

PARIS — A founder of global gaming company Ubisoft, maker of Assassin’s Creed, was killed in a plane crash in western France, authorities said Saturday. The twin-motor Cessna 421 carrying Claude Guillemot and a flight instructor crashed Friday evening near La Baule airport on the Atlantic coast, Mayor Franck Louvrier …

Read this in The Manila Times digital edition. THURSDAY’s 25-basis-point (bp) rate hike indicates a shift in the Bangko Sentral ng Pilipinas’ (BSP) focus to supporting economic growth, HSBC said, with three more identical increases likely for the rest of the year. “[W]e thought inflation concerns would outweigh concerns about …

HAVANA, Cuba — Observers on Friday called Cuba’s new free-market reforms the most sweeping economic overhaul of the island’s communist economy since the Cuban revolution, as the grandson of former President Raúl Castro said in an interview that Cuba must seek to move its economy forward. The 176 measures aim …