Articles by Jace Dela Cruz


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2 Cities in China Halt Heavy Industries to Combat Pollution
Two cities in northwestern China have implemented preventive measures to address an anticipated heavy pollution surge in the coming days.
US Buys 3 Million Barrels of Oil to Replenish Strategic Reserve
The United States has successfully finalized contracts to buy three million barrels of oil to help replenish the Strategic Petroleum Reserve (SPR) following last year's record-setting sale, the US Department of Energy disclosed.
Mexico Launches Army-Run Airline Mexicana, Takes off With First Flight to Resort of Tulum
Mexico launched its army-run airline on Tuesday when the new Mexicana de Aviacion airline's first flight took off from Mexico City.
Elon Musk's X to Face Court Battle After Failing to Pay Staff Millions in Annual Bonuses
A California federal judge has greenlighted the advancement of a lawsuit against Elon Musk's X, which alleged the company's failure to fulfill commitments related to the annual bonuses of its workforce.
'The Color Purple' Sets a New Box Office Record as the Second-Highest Christmas Debut of All Time
Warner Bros. Discovery's latest film, "The Color Purple," has outperformed expectations after earning the second-highest Christmas Day opening of all time.
Israel Gives Intel $3.2 Billion Grant for New $25 Billion Chip Plant, Biggest Ever Foreign Investment in Country
The Israeli government has approved to give Intel a $3.2 billion grant for its upcoming $25 billion chip plant in southern Israel.
Joe Biden Criticizes Media for Negative Coverage of US Economy
President Joe Biden has expressed frustration over the media's portrayal of the US economy. President Joe Biden has expressed frustration over the media's portrayal of the US economy, as he faces mounting backlash from voters over his handling of inflation and a decline in his approval ratings.
Russia Lacks Nearly 5 Million Workers This Year as Ukraine War Drains Its Labor Force: Report
Russia is reportedly grappling with a significant shortage of workers, with a deficit of around 4.8 million employees this year.
Manchester United Sells 25% Ownership to British Petrochemical Billionaire Jim Ratcliffe
Manchester United has confirmed the sale of a 25% stake in the club to British billionaire and INEOS Chief Executive Jim Ratcliffe.
Shipping Giant Maersk to Resume Red Sea Voyages With US-Led Security Force in Place
Shipping giant Maersk has announced its readiness to resume sailing through the Red Sea following the launch of a US-led multinational naval operation.
China's Latest Crackdown on Video Games Triggers an $80 Billion Market Meltdown
China's announcement of draft rules aimed at curbing spending in online games and restricting incentives that encourage prolonged online engagement resulted in an $80 billion market selloff.
Joe Biden Celebrates 'Significant Milestone' in the Battle to Bring Down Inflation
The United States hits a "significant milestone" in the fight to bring down inflation, and President Joe Biden acknowledged this positive development in a statement.
Joe Biden Signs New Executive Order Targeting Financial Facilitators of Russia's Defense Industry
President Joe Biden has signed an executive order providing the US Treasury Department the authority to sanction financial institutions facilitating Russia's efforts to strengthen its military capabilities.
IMF Says Mexico Is Now the 12th Largest Economy in the World
Mexico has become the 12th largest economy in the world after it moved up two positions from last year, according to the GDP projections of the International Monetary Fund (IMF) for 2023.
China, Russia Boast Bilateral Trade at 'All-Time High' Despite Sanctions From the US and Its Allies
China and Russia have vowed ever closer economic ties despite disapproval from the West that promised to support Ukraine in its war with Russia.
UK, Switzerland Ink a Post-Brexit Financial Services Deal
The United Kingdom (UK) and Switzerland have inked a landmark post-Brexit financial services deal on Thursday.
US Crypto Exchange Coinbase Gets Regulatory Nod in France
Cryptocurrency exchange Coinbase has successfully secured registration with France's financial markets regulator, paving the way for the US-based company to offer crypto services in the French market.
IRS Launches ‘Voluntary Disclosure Program’ to Let Businesses Pay Back Pandemic-Era Tax Credits Claimed in Error
The Internal Revenue Service (IRS) has launched a "voluntary disclosure program" for businesses that improperly claimed a pandemic-era tax credit and want to return the money.
Nike Plans to Cut $2 Billion in Costs Over the Next 3 Years
Sportswear giant Nike has unveiled plans to slash costs by approximately $2 billion over the next three years.
Joe Biden Touts Investments Supporting Minority-Owned Businesses as Latino Vote Slips
President Joe Biden has flaunted his investments in Black- and Latino-owned small businesses as new data reveals that he is losing the Latino vote ahead of the 2024 presidential election.
Russia's Vladimir Putin Orders Seizure of Energy Assets From ‘Unfriendly’ European Countries
Russia's President Vladimir Putin has issued decrees granting the government to seize and forcibly sell multi-billion-dollar energy assets from European companies considered "unfriendly" to new state-approved owners.
S&P 500 Could Sink 20% This Spring, Then Hit Record High by End of 2024, Investment Strategist Says
The S&P 500 could sink 20% this spring and then surge to an all-time high by the end of 2024, according to an investment strategist.
Warner Bros. Discovery, Paramount Are in Early Talks to Merge: Report
Warner Bros. Discovery and Paramount Global are reportedly in early talks about a potential merger. Warner Bros. Discovery and Paramount Global are reportedly in early talks about a potential merger.
Citigroup Fined $79 Million After UK Trader Makes $444 Billion 'Fat Finger' Error
Citigroup Inc. is reportedly closing its global distressed-debt group as it undergoes further restructuring under CEO Jane Fraser's leadership.
Sam Altman Receives $75 Million From the University of Michigan for New Venture Capital Fund: Report
OpenAI CEO Sam Altman has reportedly secured a $75 million investment for his venture capital firm, Hydrazine Capital, from the University of Michigan.
US-CHINA-DIPLOMACY-APEC-SUMMIT
A newly declassified US intelligence report revealed that China escalated its interference efforts in the 2022 US midterm elections because Beijing believed that President Joe Biden's administration would not retaliate.
Hungary Central Bank Makes Another Rate Cut as Inflation Drops
The central bank of Hungary is expected to press ahead with monetary easing in 2024 due to the sharp drop in inflation last month.
Shipping Giants Maersk, Hapag-Lloyd Begin Rerouting Ships to Avoid Red Sea as Houthi Attacks Increase
Following a series of attacks on ships in the Red Sea by Iranian-backed Houthi militants, shipping giants Maersk and Hapag-Lloyd have rerouted their vessels, opting for the longer Cape of Good Hope route in South Africa.
IRS to Provide $1 Billion in Penalty Relief for Millions of Taxpayers — Here's Who Qualifies
The Internal Revenue Service (IRS) announced on Tuesday a penalty relief for individuals who failed to pay their taxes on time during the pandemic.
Affirm Expands Partnership With Walmart for 'Buy Now, Pay Later' Self-Checkout Feature
Financial tech company Affirm has announced its expansion of services with Walmart to bring the company's flexible pay-over-time options to self-checkout kiosks in over 4,500 of the retailer's US stores.
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