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Wednesday, August 19, 2026
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Foreign Business

This frame grab taken from AFPTV video footage on July 12, 2026 shows cargo ships anchoring near the Strait of Hormuz off the eastern coast of the United Arab Emirates at Khor Fakkan. Tehran announced it was closing the Strait of Hormuz on July 12 and launched missiles and drones at its Gulf neighbours, in retaliation for new US strikes following an attack by Iranian forces on a merchant vessel that was abandoned in flames by its crew. (Photo by AFPTV / AFP) / Attention editors: AFP covers the war in the Middle East through its extensive regional network, including bureaus in Tehran, Jerusalem and several neighboring countries.Since the start of the conflict, journalists have been working under increasingly restrictive conditions. Authorities in several countries have limited reporters’ movements, photo and live video coverage from sensitive locations. Some governments and armed groups have banned images of missile or drone strikes and other security-related sites. /

Saudi Aramco offers crude oil to some Asian refiners

By Reuters - August 19, 2026

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Chinese economic growth stable from January to July

August 19, 2026

STRENGTH IN DIVERSITY This photo shows devices at Lichuan AI Computing Center in Lichuan City, Hubei province, on March 11, 2025. China is seeking to build a nationally coordinated artificial intelligence industry. XINHUA PHOTO

China unfolds AI landscape

August 19, 2026

AFP PHOTO

Nvidia pledges $105B to OpenAI’s data center

August 19, 2026

The rocket carrying China’s second module for its Tiangong space station lifts off from Wenchang spaceport in southern China on July 24, 2022. China on July 24 launched the second of three modules needed to complete its new space station, state media reported, the latest step in Beijing's ambitious space programme. (Photo by CNS / AFP) / China OUT

Hainan’s satellite factory ramps up production

August 19, 2026

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JD.com launches first unmanned coffee shop

By Global Times - August 19, 2026

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Paramount seeks $1.9B surety from suing states

By Agence France-Presse - August 19, 2026

A remote-controlled robot by Unitree Robotics is displayed at the Unitree Robotics Embodied Intelligence Experience Center in the Jing' an district in Shanghai on August 17, 2026. (Photo by Hector RETAMAL / AFP)

Unitree unveils ‘Superman’ robot

By Reuters - August 19, 2026

Ferrari’s Luce EV fetches $40M at auctionMILAN, Italy — Ferrari has sold at auction a one-off, bespoke version of the Luce, its first fully electric vehicle (EV), for $40 million, the Italian luxury sports carmaker said, adding that the money will be used for education projects to help young people. US billionaire investor and Ferrari collector Herbert Wertheim, an optometrist and founder of optical lens technologies manufacturer Brain Power Inc., bought the vehicle at an auction during Monterey Car Week. The auction, in partnership with RM Sotheby’s, came as Ferrari seeks to build momentum behind the Luce, which was unveiled in May as the most radical product launch in the company’s history, but was met with a lukewarm reception. At its launch, the 550,000-euro ($638,400) five-seat, four-door EV triggered a heated debate among Ferrari enthusiasts, analysts and on social media, drawing criticism from purists over its unconventional styling and its break with the marque’s combustion-engine heritage. The reaction prompted questions about whether wealthy clientele would embrace a fully electric Ferrari, but the company last month said it was “very pleased” with orders for the Luce, although it did not provide figures. The auction price for the one-off vehicle — known as “Chassis 0” and created by Ferrari’s Tailor Made division and design center — set a world record for a new car sold at auction, the company said on Sunday. The price exceeded the $26 million fetched by a one-off Ferrari Daytona SP3, which was also bought by Wertheim last year. The company said proceeds from the sale would support education projects in the United States and elsewhere through its Ferrari Foundation. reuters

By Reuters - August 19, 2026

Photo by iStock

Home Depot beats Q2 sales estimates

By Reuters - August 19, 2026

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Baidu misses Q2 revenue estimates

By Reuters - August 19, 2026

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Pony.ai plans to deploy more than 4,000 robotaxis abroad

By Reuters - August 19, 2026

Photo by Seeklogo

Xiaomi’s Q2 profit slides 42.6%

By Reuters - August 19, 2026

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Microdramas boom in a shrinking Hollywood as studios chase a TikTok audience

By Reuters - August 18, 2026

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Shein eyes valuation of $25B in Hong Kong IPO

By Reuters - August 18, 2026

Alphabet eyes inaugural Australian dollar bond

By Reuters - August 18, 2026

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Shipping slows at Strait of Hormuz after tanker attacks

By Reuters - August 18, 2026

A staff member (L) prepares for a press conference regarding Indonesia's capital market transparency reforms at the Indonesia Stock Exchange building in Jakarta on April 2, 2026, in response to global index MSCI complaints regarding the lack of transparency in share ownership structures above 15 and the low number of shares actually circulating in the public in Indonesia. (Photo by BAY ISMOYO / AFP)

Emerging markets march out of ‘valley of tears’

By Reuters - August 18, 2026

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German companies cut US investment to 3-year low

By Reuters - August 17, 2026

The Nvidia and OpenAI logos are seen in this illustration taken on Sept. 22, 2025. REUTERS

Nvidia eyes investing $3 billion in SB Energy

By Reuters - August 17, 2026

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Persida V. Rueda-Acosta

DEAR PAO

Withdrawal of the complaint does not halt a disbarment proceeding

By Persida V. Rueda-Acosta

(FILES) This picture taken on May 12, 2025 shows Erin Patterson arriving in the back of a prison transport vehicle at Latrobe Valley Magistrate's Court in Morwell, Australia. Australian toxic mushroom killer Erin Patterson's bid to overturn her conviction in a triple-murder case kicked off on August 19, 2026 at a court in Melbourne, according to an official livestream of the proceedings. (Photo by Martin KEEP / AFP) / For any use in Australia and New Zealand, please contact the AFP sales department at sydsales@afp.com or 61 405 149 534.

Australia mushroom killer's lawyers point to jury irregularities at appeal

Chuangxin Industries builds on integrated aluminium strategy as earnings accelerate

Farizon's First Overseas KD Factory Opens in Indonesia, First Local-Assembled V8E Rolls Off Line

FETCi Philippines Launch Smart Parking Ecosystem at SM Southmall

MASON, OHIO - AUGUST 18: Aryna Sabalenka celebrates her win against Xinyu Wang of China during day eight of the Cincinnati Open at the Lindner Family Tennis Center on August 18, 2026 in Mason, Ohio. Matthew Stockman/Getty Images/AFP (Photo by MATTHEW STOCKMAN / GETTY IMAGES NORTH AMERICA / Getty Images via AFP)

No.1 Sabalenka slams Wang to advance at Cincinnati

M/V Antonia 2, the only operational ship in Aleson Shipping Lines Inc.’s 34-vessel fleet, clears safety inspection to resume passenger and cargo operations in Western Mindanao. (CONTRIBUTED PHOTO)

Maritime

MARINA clears M/V Antonia 2 for service, maintains fleet suspension

By Genivi Verdejo

READY TO SHAPE THE PHILIPPINES’ CLEAN ENERGY FUTURE?
Join The Manila Times’ Winds of Change: Building the Maritime Supply Chain for Philippine Offshore Wind Forum on Aug. 27, 2026, from 8:30 a.m. to 2:00 p.m., at Citadines Bay City Manila. PHOTO FROM TMT

TMT forum to tackle offshore wind exploration

n The XPENG G9L makes its global debut in
Guangzhou, showcasing the EV maker’s latest AI and electric vehicle technology. PHOTOS BY ANJO PEREZ

Fast Times

XPENG previews AI future

n The BMW X3 30e xDrive xLine brings a more understated look, with 19-inch two-tone wheels, adaptive LED headlights and an illuminated kidney grille.
BMW PHOTOS

BMW X3 PHEV gets more affordable xLine trim

n The popular condo units cost P5 million. IMAGE FROM COLLIERS PHILIPPINES

Build & Design

Demand rising: Houses and lots outside NCR, affordable condos in Metro Manila

By Michele T. Logarta

n The groundbreaking ceremony. PHOTO FROM MEGAWORLD

Megaworld’s Bellagio Palawan breaks ground