Business

SEC Initiates Access Restriction on Binance Platform

Metro Manila — The Securities and Exchange Commission (SEC) announced on Wednesday the initiation of measures to restrict access to Binance, the largest global cryptocurrency exchange. The SEC has pointed out that Binance has been functioning in the Philippines without the necessary registration or authority to sell or offer securities. “The entity operating Binance’s platform […]

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Meta Initiates Legal Battle Against FTC Over Stringent Child Data Privacy Regulations

Meta challenges new FTC guidelines aimed at protecting children’s online data privacy. In a significant escalation of tensions between Big Tech and regulatory bodies, Meta, the parent company of Facebook and Instagram, has initiated a legal challenge against the Federal Trade Commission. The lawsuit directly opposes the FTC’s recent imposition of stringent data privacy rules

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US Home Prices Reach New Heights, Marking Eighth Consecutive Month of Increase

In an unprecedented trend that continues to reshape the American housing market, home prices across the United States have surged to another record high in September, marking the eighth straight month of growth. This relentless upward trajectory underscores the complex interplay of supply constraints, robust demand, and economic factors shaping today’s real estate landscape. According

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Aboitiz Group and Coca-Cola Europacific Partners Enter Agreement to Acquire Philippine Coca-Cola Distributor

Manila, Philippines – In a significant move that is set to reshape the beverage distribution landscape in the Philippines, Aboitiz Equity Ventures Inc., one of the Philippines’ largest conglomerates, has teamed up with Coca-Cola Europacific Partners (CCEP) to acquire the exclusive rights to distribute Coca-Cola products in the Philippines. Background and Deal Details This landmark

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Marcos Announces $120M Deals with Saudi Arabia, Paving Way for Benefits to Thousands of Filipinos

Landmark agreements with Saudi Arabia set to enhance economic and employment prospects for Filipinos at home and abroad. Manila, Philippines – In a significant move expected to bolster Philippines-Saudi relations, Marcos is about to finalize deals with Saudi Arabia, amounting to $120 million. These agreements are expected to have far-reaching benefits, particularly for thousands of

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China’s Economic Rebound: Real Estate Sector Lags Behind

Beijing – China’s economy is showing robust signs of recovery, with recent data pointing to promising growth rates. But a close inspection reveals that the real estate sector remains a weak link, once a significant driving force behind China’s economic prowess. According to the National Bureau of Statistics, China posted a GDP growth rate of

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Mercedes Surpasses Tesla with Pioneering Electric Concept Cars Boasting Superior Range

The electric vehicle landscape shifts as Mercedes unveils vehicles with groundbreaking range capabilities, outpacing Tesla’s top models. In an electrifying turn of events in the automobile industry, Mercedes-Benz made waves yesterday by unveiling its newest concept, electric vehicles (EVs), which boasts a longer driving range than any model currently offered by Tesla. This announcement puts

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Tesla Faces Washington Scrutiny Over ‘Elon Mode’ Autopilot Feature

Federal regulators probe Tesla’s latest software addition, questioning its safety and reliability. Federal regulators have initiated an investigation into Tesla’s latest software feature, dubbed “Elon Mode,” which promises advanced autonomous driving capabilities for its electric vehicles. The move comes amid concerns about the system’s safety and potential misuse by drivers. The “Elon Mode” was introduced

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Decade-long Surge: Fidelity Reports 401(k) Balances Skyrocket by 39%

A decade of financial progress: Fidelity showcases the robust average 401(k) balance growth. In a remarkable show of long-term financial growth, Fidelity Investments, one of the largest financial services companies globally, reported a striking 39% surge in the average 401(k) balance over the past ten years. This news serves as an indicator of increased financial

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‘Barbie’ Takes Hollywood: Poised to Be This Year’s Top Domestic Earner

The cinematic adaptation of the iconic doll, ‘Barbie,’ sets record-breaking trends at the box office, hinting at a golden year-end finish. As the year progresses, Hollywood witnesses a new box-office queen making her mark – and surprisingly, she’s made of plastic. The latest adaptation of the beloved childhood figure, ‘Barbie,’ is tugging at nostalgia strings

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