Barclays bank to cut about 5,000 jobs amid AI drive

GMA Network - Oct 22, 2026

Barclays announced it will cut around 5,000 jobs, or roughly 5% of its global workforce, by the end of 2026 in an AI efficiency drive, alongside an update that its net profit grew 13% in Q3.

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BPI names Ginbee Go to succeed Limcaoco as CEO

Oct 22, 2026

BPI names Ginbee Go to succeed Limcaoco as CEO

MANILA, Philippines — Bank of the Philippine Islands (BPI) has tapped consumer banking head Maria Cristina “Ginbee” Go to succeed Jose Teodoro “TG” Limcaoco as president and CEO next year. On Thursday, the  Ayala-led bank said its board approved a succession plan for Go to assume the posts on April 26, 2027, following its annual stockholders’

Peso weakens to P63.52:$1, the 30th record low of 2026

Oct 22, 2026

Peso weakens to P63.52:$1, the 30th record low of 2026

The Philippine peso depreciated further against the US dollar on Thursday to mark its 30th record low so far this year, amid inflationary concerns as global oil prices continue to increase.

Robinsons Land brings building partners into Bacolod public-space plans

Oct 22, 2026

Robinsons Land brings building partners into Bacolod public-space plans

Every real estate development is built on the collaboration of architects, builders, and suppliers—partnerships cultivated over many years. In Bacolod, Robinsons Land (RLC) is drawing on these longstanding relationships to help enhance the city’s public spaces, strengthen its tourism circuit, and support improvements to school facilities, among other community-focused initiatives. Hand in Hand for Progress,

BSP hikes rates by 50 basis points amid expected inflation, El Niño effects

Oct 22, 2026

BSP hikes rates by 50 basis points amid expected inflation, El Niño effects

The Bangko Sentral on Thursday decided to implement a jumbo rate hike, extending its tightening streak for the fourth straight meeting, as it expects inflation to remain high through 2027.

France’s borrowing costs reach 24-year high as riots deepen budget worries

Oct 22, 2026

France’s borrowing costs reach 24-year high as riots deepen budget worries

France’s 10-year borrowing cost topped 5 per cent again in early Paris trading on Thursday, a day after touching that level for the first time since 2002, as the country recovers from its worst urban riots in years and braces for more clashes to come. Analysts expected market pressure to persist in the near term amid uncertainties at home and abroad, but noted that the situation remained far from turning into another euro-zone crisis. The spread between 10-year French and German bonds widened to...

China moves to set global standards for brain-computer interface technology

Oct 22, 2026

China moves to set global standards for brain-computer interface technology

China has taken a major step in spearheading the standardisation of brain-computer interface (BCI) technologies, as it now chairs the secretariat of a subcommittee jointly overseen by two key international organisations and lists the technology applications as a national development priority. The China-led subcommittee, known as ISO/IEC JTC 1/SC 43, was set to formulate global standards regarding the communication and interaction between brains and computers that are applicable across...

CREBA highlights potential implications of proposed LGU cash collection scheme on housing supply

Oct 22, 2026

CREBA highlights potential implications of proposed LGU cash collection scheme on housing supply

The Chamber of Real Estate and Builders’ Associations, Inc. (CREBA) has strongly opposed House Bill No. 9697, warning that the proposed amendments to the Urban Development and Housing Act (UDHA) will do exactly the opposite of what they claim to achieve—drastically reducing the production of socialized housing while discouraging private sector investment in residential development.

CREBA welcomes housing reforms, calls for balanced regulation that protects homebuyers while sustaining housing production

Oct 22, 2026

CREBA welcomes housing reforms, calls for balanced regulation that protects homebuyers while sustaining housing production

The Chamber of Real Estate & Builders’ Associations, Inc. (CREBA) recently called on the Department of Human Settlements and Urban Development (DHSUD) to reconsider two regulatory measures that it believes could impose significant financial burdens on property developers and impede housing delivery. The oldest and largest umbrella advocacy group in the housing sector was referring

Starbucks China rolls out buy-before-seating rule after reversing open-door policy in US

Oct 22, 2026

Starbucks China rolls out buy-before-seating rule after reversing open-door policy in US

Starbucks China says it will roll out its “purchase before seating” rule nationwide starting Thursday, with corresponding signs put in stores, following a similar policy it introduced at its North America stores last year. The Seattle-based coffee chain would prioritise helping visitors in need, such as pregnant women and people with limited mobility, and would continue to foster its stores as so-called third places, it said in a statement on Wednesday. The policy has sparked widespread...

BPI debit cards to be temporarily unavailable on October 24

Oct 22, 2026

BPI debit cards to be temporarily unavailable on October 24

Clients of the Bank of the Philippine Islands (BPI) will temporarily be unable to use their debit cards during select hours starting early Saturday morning, October 24, as the lender will undergo system maintenance activities.

Hong Kong stocks fall most in 7 months as chance of strong stimulus from Beijing shrinks

Oct 22, 2026

Hong Kong stocks fall most in 7 months as chance of strong stimulus from Beijing shrinks

Sell-offs in Hong Kong stocks deepened on Thursday, with the benchmark gauge capping its steepest decline in seven months, as hopes faded that Beijing would implement more meaningful stimulus policies, following latest economic data indicating the annual growth target was within reach. The Hang Seng Index sank 3 per cent to 22,934.68 at the close, its worst single-day performance since March 23. The Hang Seng Tech Index plunged 5 per cent, finishing at a level not seen in two years. Tencent...

Oil Prices Surge on Saudi Attacks, Raising Risks for Thailand’s Recovery

Oct 22, 2026

Oil Prices Surge on Saudi Attacks, Raising Risks for Thailand’s Recovery

Thailand faces potential increases in transport, manufacturing and tourism costs as businesses continue recovering from flooding

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