Philippines Business News

Trump says he will order halt to Iran strikes after parameters reached for deal to end war

CAIRO — US President Donald Trump said in a Saturday evening social media post he will order American forces to hold off on new strikes against Iran, claiming Mideast allies had reached the parameters of a deal to end the five-month old war. The emerging deal “would include the Immediate, Complete, and Total OPENING OF THE HORMUZ STRAIT, and an end to Iran’s nuclear threat,” Trump wrote on Truth Social. “Based on this request, I have agreed, for the future benefit o

ERC orders Meralco to refund P9.51 billion to customers

MANILA, Philippines — The Energy Regulatory Commission (ERC) has ordered Meralco to refund P9.51 billion to its customers for overrecoveries for the period of January 2025 to December 2025. In a decision released on Sunday, the ERC directed Meralco to refund the total amount of P9,506,566,556 or an equivalent average refund rate of P0.3448 per kilowatt-hour (kWh) for all customer classes. The refund scheme and implementation period shall be within 6 months, shorter than Meralco's proposed

Brazil's Lula launches fourth term bid as Trump looms over campaign

SAO PAULO — At 80, President Lula on Sunday launches his bid for re-election, casting himself as a defender of Brazil's "sovereignty" as pressure from Donald Trump's administration casts a shadow over the campaign. Luiz Inacio Lula da Silva, a leftist titan of Latin American politics who is loved and despised in near-equal measure in Brazil, will launch his seventh bid for the presidency at a convention of his Worker's Party (PT) in Sao Paulo. The former metalworker and unionist made a dra

'Sopranos' actor Vincent Pastore, known for playing mobsters and tough guys, dead at 80

NEW YORK — Vincent Pastore, a veteran actor who played mobsters and tough guys, and was best known for playing Salvatore “Big Pussy” Bonpensiero on “The Sopranos,” has died. He was 80. Bob McGowan, who had managed Pastore since his run on “The Sopranos,” told The Associated Press that he learned of his death Saturday from another client and actor on the show, Vincent Curatola. He said that he had been found in his home on New York’s City Island aft

The Warriors re-sign guards De'Anthony Melton and Gary Payton II

SAN FRANCISCO — The Golden State Warriors re-signed free agent guards De'Anthony Melton and Gary Payton II on Saturday. The moves to retain Melton and Payton mean that the Warriors will have 10 of the 12 players who had the most playing time last season back under contract for the 2026-27 season. Golden State went 37-45 last season and missed the playoffs after losing to Phoenix in a play-in game. The 28-year-old Melton appeared in 49 games last season, averaging a career-high 12.3 points,

Some areas in Metro Manila, Cavite and Rizal to have power interruptions due to maintenance works

MANILA, Philippines — Some areas in Metro Manila, Cavite, and Rizal will have power interruptions this week due to maintenance works, Manila Electric Company (Meralco) said on Sunday. In Parañaque City, some locations in Baclaran will have no power on August 3 between 12:01 a.m. and 12:30 a.m.; while some places in SM Central Business Park in Pasay City will have short power interruptions on August 4 between 6 p.m. and 6:30 p.m. because of the replacement of electricity facilities i

Signal No. 1 raised over parts of Bicol, Polillo Islands as Tropical Depression Luis intensifies

Tropical Depression (TD) Luis slightly intensified early Sunday over the sea east of the Bicol region while moving slowly, weather bureau Pagasa reported after raising Tropical Cyclone Wind Signal (TCWS) No. 1 over parts of Luzon. In its 5 a.m. tropical cyclone bulletin, Pagasa said the center of tropical depression Luis was spotted at 295 kilometers east of Daet, Camarines Norte. "Luis" was bearing maximum sustained winds of 55 kilometers per hour (kph) near the center, gusts up to 70 kph, whil

Alex Eala to reach WTA top 20 if she wins Washington title

MANILA, Philippines — Alex Eala will reach a new career-high of No. 20 in the WTA live rankings if she wins the 500 Mubadala D.C. Open title in Washington, which would be her first Tour-level title. Sitting at No. 28 in the official rankings, Eala will raise her total ranking points to 2,106 if she beats world No. 3 Jessica Pegula in the final Monday midnight. A 2-time 125-tier champ, Eala reset her career-best rank to No. 24 with 1,931 points in the live rankings after winning her semifin

Brazilian man stabs three to death at factory, kills self

RIO DE JANEIRO, Brazil — A Brazilian man stabbed three people to death Saturday at the factory where he worked in the greater Sao Paulo area and died by suicide after his arrest, police said. The 33-year-old man entered his workplace in the industrial city of Sao Bernardo do Campo "and stabbed the three victims, who died," police said in a statement. He was arrested and taken to a police station where he "committed suicide," police said, without giving further details. The victims were age

You Don't Have to Own a Single AI Stock to Get Hurt When This Bubble Pops.

Former Pentagon Advisor argues the AI boom is now woven into pensions, 401(k)s, and the broader economy, the same way subprime was in 2008 Baltimore, MD, Aug. 01, 2026 (GLOBE NEWSWIRE) -- Many Americans assume that if they steer clear of AI stocks, they are safe from an AI crash. Jim Rickards says that assumption is exactly what got people hurt last time. In a new presentation, the former advisor to the CIA and the Pentagon argues that the AI boom has become so deeply embedded in the financial s

Eala stuns Osaka to book Washington final against Pegula

WASHINGTON, United States — Alexandra Eala stunned former world number one Naomi Osaka 6-4, 6-2 on Saturday to reach the women's final of the WTA and ATP Washington Open, where she will face third-ranked Jessica Pegula. The 21-year-old Philippines left-hander delivered an impressive victory over the four-time Grand Slam winner from Japan to reach her second career WTA final, having dropped the first last year at Eastbourne. Giant killer Eala, ranked 28th, had previously ousted second seed

Today's Weather, 5 A.M. | Aug. 2, 2026

Finucane makes Commonwealth history for Wales with triple cycling gold

GLASGOW, United Kingdom — Emma Finucane struck gold twice for Wales on Saturday to take her tally for the Commonwealth Games to three golds by winning the women's sprint and 1000 meter time trial. Following her part in the team sprint victory on Friday, Finucane became the first Welsh woman to win three gold medals at a single Commonwealth Games and could make it four on the final day of the event on Sunday. "Every time I go up there and sing the anthem I’m just really trying to soak

Eala rises to new career-high No. 24 in WTA live rankings

MANILA, Philippines — Filipino tennis ace Alex Eala reset her WTA live rankings career-high from No. 25 on Saturday to No. 24 after reaching the 500 Mubadala D.C. Open final in Washington early Sunday in Manila. Ousting 4-time Grand Slam champ Naomi Osaka in the semifinal, Eala raised her total to 1,931 ranking points. Eala could reach as high as world No. 20 if she wins the D.C. tournament, as the live rankings state she could earn a total of 2,106 points. No. 28 in the official rankings,

'Wing Chun' Opens to Standing Ovation in South Korea, Dance as a Bridge: A New Chapter for China-Korea Cultural Exchange.

ANDONG, South Korea, Aug. 2, 2026 /PRNewswire/ -- When the final pose held and the lights rose on the stage of Andong Culture & Arts Center on July 31, the audience rose as one. The applause did not fade for nearly ten minutes. Video from Shenzhen Media Group The Shenzhen Opera & Dance Theater had just delivered the South Korean premiere of "Wing Chun," a dance drama that blends martial arts with contemporary dance. For the hundreds of spectators filling the hall - including South Korean cultura

ThinkCareBelieve: Week 80 of the Trump 2.0 Administration

Washington, DC, Aug. 01, 2026 (GLOBE NEWSWIRE) -- ThinkCareBelieve announces a New Report on the events of Week80of the Trump Administration, part of a weekly series covering all the exciting achievements and events as they happened since President Trump took office in January 2025. The article can be accessed in full at https://thinkcarebelieve.blog/2026/08/01/week-80-of-the-trump-2-0-administration/ This article provides details and direct links to primary sources covering the following: 1) An

Rally great Ogier in hospital after high-speed crash

PARIS, France — Frenchman Sebastien Ogier and his co-pilot Julien Ingrassia were rushed to hospital on Saturday after spinning off a forest dirt road at the Rally of Finland, which they were leading. The nine-time world rally champion was racing at around 130kph when he lost control negotiating a series of turns, with his Toyota rolling several times before hitting a tree. "Both crew members exited the car unassisted before being transported to Tampere hospital for precautionary checks," W

Eala stuns four-time Grand Slam champion Osaka to reach first WTA 500 final at Mubadala D.C. Open

MANILA, Philippines — Filipino tennis ace Alex Eala ousted former world No. 1 Naomi Osaka, 6-4, 6-2, to reach her first 500 WTA Tour final at the Mubadala D.C. Open at the William H.G. FitzGerald Tennis Center Stadium Court in Washington early Sunday morning in Manila. Eala racked up three straight games including a service hold to finish off the 4-time major champ Osaka and reach the finale, where she faces Jessica Pegula in a rematch. The lefty netter fell to Pegula in her breakout tourn

Trump's threat to push ahead on settlement fund injects new uncertainty into attorney general talks

WASHINGTON — President Donald Trump on Saturday threatened to push forward with a fund to compensate his allies if two Republican holdouts do not support his nominee for attorney general, injecting fresh uncertainty into a Senate confirmation vote planned for next week and underscoring once more his interest in securing payouts for supporters who feel unjustly persecuted. Trump asserted in his Truth Social post that he would keep acting Attorney General Todd Blanche in his current role and

3 people killed, at least 21 wounded in Moscow restaurant bombing, Russian officials say

MOSCOW — An improvised explosive device detonated at a restaurant Saturday in central Moscow killing at least three people, including the bomber, Russian state media said, citing local officials. At least 21 people were also injured when the IED detonated at the restaurant on Kudrinskaya Square in Moscow, the National Anti-Terrorism Committee said, quoted by Russian state news agency RIA Novosti. An unidentified woman who attempted to carry the explosive device into the restaurant died in

Democrats see a chance to flip a seat as focus on abuse claims mounts against Ohio Rep. Max Miller

COLUMBUS, Ohio — Faced with a narrow path to winning control of the U.S. House, Democrats are seeing fresh opportunity in a northeast Ohio congressional seat where the Republican incumbent is facing mounting pressure over domestic abuse allegations in a bitter and drawn-out dispute with his ex-wife. Allegations against U.S. Rep. Max Miller, a White House adviser during President Donald Trump's first term, have been public for years but have recently drawn increased media scrutiny amid an e

Boeing posts larger-than-expected Q2 loss

SEATTLE, Washington — Boeing on Tuesday reported a larger-than-expected quarterly loss after taking a $280 million charge on its troubled Air Force One replacement program, but generated positive free cash flow as its turnaround plans gained momentum. It took the charge due to higher engineering costs to ensure it delivers the two delayed US presidential plane replacements in 2028, contributing to a $428 million net loss for the second quarter (Q2).The core loss per share of 76 cents was w

BCAS Calls for National Commission on the Legacy of Slavery and Anti-Black Racism in Canada

OTTAWA, Aug. 01, 2026 (GLOBE NEWSWIRE) -- On Emancipation Day, the Black Class Action Secretariat (BCAS) is calling on the Government of Canada to establish a National Commission on the Legacy of Slavery and Anti-Black Racism in Canada to examine the enduring impacts of slavery, segregation, and systemic anti-Black racism and recommend a national framework for addressing those impacts. Although Canada marks Emancipation Day each year, it has never undertaken a comprehensive national examination

Singapore Good Soil Foundation Hosts Third Next Generation Philanthropy Leadership Program at the University of Hong Kong, Empowering the Next Generation of Global Changemakers

HONG KONG, Aug. 2, 2026 /PRNewswire/ -- The Singapore Good Soil Foundation successfully concluded the third edition of its Next Generation Philanthropy Leadership Program at The University of Hong Kong, marking the program's first international edition since its launch. Student Fellows from around the world gathered at The University of Hong Kong for the inaugural international edition of the Next Generation Philanthropy Leadership Program. Centered on the theme "Art + AI for Social Good," the f