A US judge has blocked Tapestry’s $8.5 billion acquisition of Capri Holdings, citing antitrust concerns. This decision prevents the fashion giants from merging, amid fears of reduced competition and higher consumer prices. The case marks a significant moment in the luxury fashion industry, influencing future corporate mergers.
The YGG Play Summit in Manila highlights the future of web3 gaming, emphasizing digital ownership and new technologies. Featuring major collaborations, the event showcases innovative games and discussions on the evolution of the gaming industry.
Jacinto Ng Jr., a leader in property development, was awarded “Entrepreneur of the Year” by Ernst & Young for his contributions to social welfare and opportunities for low-income Filipinos.
The Philippine Chamber of Commerce and Industry (PCCI) advocates for a comprehensive investment law with clear incentives for businesses to boost economic growth and competitiveness in the Philippines.
Meta tests facial recognition tech to combat “celeb-bait” scams by detecting unauthorized use of celebrity images in ads and fake accounts. Privacy concerns remain amid evolving security efforts.
The Intellectual Property Office of the Philippines is crafting guidelines for artists using AI, addressing copyright concerns and clarifying legal protections for AI-generated art.
GCash, a leading e-wallet platform in the Philippines, is set to attract more international investors following a strategic partnership with Mitsubishi Corporation. This collaboration with Ayala Corporation’s venture capital arm may boost GCash’s potential IPO prospects, expanding its global reach.
Kristelle Dizon leads Globe Business in transforming B2B services in the digital era. Discover how innovation, customer focus, and operational excellence are driving growth and success.
Meta Platforms Inc. is facing a lawsuit from state attorneys general alleging its social media platforms contribute to a youth mental health crisis by fostering addictive behaviors. The lawsuit highlights concerns about the impact of social media on minors and seeks changes in Meta’s practices to better protect young users.
DMCI Holdings Inc. gains shareholder approval for PHP 10 billion fundraising to acquire a majority stake in Cemex Holdings Philippines Inc., aiming to strengthen its construction industry foothold.