Foreign Business | The Manila Times

Tuesday, May 12, 2026
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Foreign Business

Aramco CEO warns 1 billion barrels lost will slow oil market recovery

By Reuters - May 12, 2026

MIXED Visitors look at cars on the Aion stand during the Beijing Auto Show in Beijing on April 24, 2026. The China Passenger Car Association on May 10 reported the country's domestic car demand fell while exports remained strong. AFP PHOTO

China's domestic car demand stays weak but exports strengthen

May 12, 2026

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Armani could split 15% stake among L'Oreal, LVMH, EssilorLuxottica

May 12, 2026

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Microsoft boss to testify on his role in OpenAI's founding

May 12, 2026

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Nintendo shares plunge after profit warning

May 12, 2026

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Google parent Alphabet eyes Japanese yen bond sale

By Reuters - May 12, 2026

INTEGRATION Employees walk past Alibaba's office in Beijing on April 1, 2026. Alibaba announced it is set to integrate its AI platform Qwen with online shopping platform Taobao that will pave the way for agentic shopping. AFP PHOTO

Alibaba to integrate Qwen AI with Taobao, launch agentic shopping

By Reuters - May 11, 2026

UNHAPPY The iconic Nike swoosh design is displayed in a window of the athletic company's new store in Manhattan on April 24, 2026, in New York City. Nike on May 8 is being sued by consumers for not refunding tariff costs it passed on as higher prices. AFP PHOTO

Nike sued by consumers for not refunding tariff costs

By Reuters - May 11, 2026

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Goldman Sachs' private credit fund cuts value by 3.7%

By Reuters - May 11, 2026

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Dunkin' owner Inspire Brands confidentially files for US IPO

By Reuters - May 11, 2026

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Saudi Aramco's Q1 profit rises 25% on higher sales, key pipeline full

By Reuters - May 11, 2026

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Rave files antitrust lawsuit against Apple over removal of video-sharing app

By Reuters - May 11, 2026

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US stocks rise to records after a solid jobs report overshadows higher oil prices

By Associated Press - May 9, 2026

BRACING FOR IMPACT This picture shows an aerial view of the Toyota Motor Corp. headquarters in Toyota, Aichi prefecture, on May 7, 2026. The Japanese automaker said it is looking at a 22-percent drop in its profit caused by US tariffs and the Iran war. AFP PHOTO

Toyota sees profit drop as US tariffs, Mideast bite

By Agence France-Presse - May 9, 2026

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Trump administration invites Nvidia, Boeing CEOs for China trip

By Reuters - May 9, 2026

OPTIMISTIC An employee is seen at a Sony showroom in Tokyo on May 8, 2026. Japanese electronics giant Sony forecast a 13-percent increase in net profit on the back of its video games operations. AFP PHOTO

Sony forecasts 13% rise in full-year net profit

By Agence France-Presse - May 9, 2026

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OCBC Q1 profit beats forecasts, sets aside more allowances amid Middle East war

By Reuters - May 9, 2026

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Shell's profit beats expectations at $6.9 billion, raises dividend by 5%

By Reuters - May 9, 2026

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Airbus April deliveries at 67, trails year-ago

By Reuters - May 9, 2026

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Estee Lauder reaches $210 million settlement over China sales practices

By Reuters - May 9, 2026

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Today's Front Page

Persida V. Rueda-Acosta

Are taxi drivers regular employees or independent contractors?

By Persida V. Rueda-Acosta

Nokia launches agentic AI for home and broadband networks

Leading Travel Marketplace WINGIE Propels Regional Innovation with 27-Language Platform Expansion

Telenor partners with Verdane to build a global IoT leader

Senator Ronald Dela Rosa talks to the media during an interview at the Senate of the Philippines in Pasay City, Metro Manila on May 12, 2026. AFP PHOTO

Dela Rosa ‘contained’ inside Senate — Lacson

Forbes Names TCL One of the World's Top Companies for Women in 2025

Stock Watch

Stock indices as of May 11, 2026

DMW Secretary Hans Cacdac made the announcement on Sunday May 10 via a virtual press conference.

Filipino Crew on MV Hondius to undergo 40-day quarantine in Netherlands following negative virus tests

The VF MPV 7 features VinFast’s signature V-shaped LED lighting.

Fast Times

VinFast expands Philippine EV lineup with new VF MPV 7 seven-seater

By Mika Fernandez-David

Campi officers answer questions from the media during the PIMS 2026 press conference. Seated from left are Victor Vinarao of Mitsubishi, Rhys Alexi Murillo of Nissan, Jose Maria Atienza of Toyota, Robert Carlos of Isuzu, and Louie Soriano of Honda.

PIMS 2026 to showcase 75 electrified models from 17 brands

The property market will feel the fuel crisis impact on Q2. IMAGE FROM COLLIERS PHILIPPINES

Build & Design

Philippine office market remains stable amid geopolitical tensions

By Michele T. Logarta

The finished Casita X in Batangas is proof of concept for modular homes. PHOTO FROM HIVE MODULAR

Philippine prefab construction: Hive Modular leads future growth in modular technology export