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Sat, Jul 18, 2026 05:44 PM All times are UTC

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Philippine Inflation Surges, Central Bank Considers Rate Cut Amid Economic Uncertainty

Aug 06, 2024 22:00 pm UTC| Economy

Governor Eli Remolona of the Philippine Central Bank has signaled a reduced likelihood of a rate cut next week after July inflation exceeded targets, reaching a nine-month high. Consumer prices rose by 4.4% year-over-year...

Stock Market Plummets Amid Joe Biden's Crisis Talks on Iran War Threat

Aug 06, 2024 06:59 am UTC| Politics Economy Business

Today, the stock market experienced a dramatic crash as President Joe Biden convened in the White House Situation Room to address escalating tensions with Iran. The sudden financial downturn has sent shockwaves through the...

Philippines' Debt Remains High Amid Pandemic Loan Repayments, Finance Secretary Recto Warns

Aug 06, 2024 06:06 am UTC| Economy

Finance Secretary Ralph Recto emphasized on August 5 that the Philippines continues to face high debt levels due to ongoing repayments of pandemic-era loans. Speaking at the House of Representatives, Recto underscored the...

China's Service Sector Grows in July Despite Weakest Overseas Demand in 11 Months

Aug 05, 2024 08:19 am UTC| Economy

Chinas service sector expanded in July, driven by new orders, according to the Caixin/SP Global services PMI. However, the momentum in overseas demand slowed to its lowest level in 11 months, highlighting ongoing economic...

Oil Prices Fluctuate Near Seven-Month Low Amid Global Market Selloff and Middle East Tensions

Aug 05, 2024 08:15 am UTC| Business Economy

Oil prices fluctuated near a seven-month low as global market selloffs offset rising Middle East tensions. Brent futures traded around $77 per barrel, while West Texas Intermediate held at $74 amid fears of a delayed...

Japan's 'Ice Age' Workforce Faces Stagnant Wages Amid Economic Growth

Aug 05, 2024 02:39 am UTC| Economy

Japans ice age generation, primarily those in their 40s and early 50s, faces stagnant wages and limited career advancement despite the countrys economic growth, exacerbating financial and social challenges. Japans Lost...

Impending Market Meltdown? Analysts Predict Stock Market Collapse Under Kamala Harris Leadership

Aug 05, 2024 01:44 am UTC| Politics Economy

Financial analysts are sounding the alarm over an anticipated collapse in the US stock market, forecasting significant losses that could affect investors nationwide. Speculation is mounting that this potential downturn is...

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Economy

Wall Street Ends Lower as AI Selloff, Iran Tensions Weigh on Tech Stocks

Wall Street closed sharply lower on Friday, ending a two-week winning streak as investors sold technology shares amid a continued pullback in the artificial intelligence (AI) sector and renewed concerns over inflation...

Brent Oil Jumps 16% for Best Week Since April as US-Iran Conflict Fuels Supply Fears

Global oil prices posted their strongest weekly gains in months on Friday as the escalating conflict between the United States and Iran heightened concerns over global crude supply and shipping disruptions through the...

Trump Threatens Higher Canada Tariffs as Wildfire Smoke Sparks U.S. Air Quality Crisis

President Donald Trump has threatened to impose higher tariffs on Canada, blaming the country for worsening air pollution across the United States as smoke from hundreds of active Canadian wildfires spreads south of the...

AI Chip Stocks Face Valuation Pressure as Investors Shift Toward Big Tech and Software

The explosive rally in AI semiconductor stocks is showing signs of cooling as investors question lofty valuations and whether the massive spending on artificial intelligence infrastructure can continue at its current pace....

Malaysia Q2 Economy Grows 5.8%, Beating Forecasts on Strong Tech Exports and Domestic Demand

Malaysias economy expanded by 5.8% year-on-year in the second quarter of 2026, outperforming market expectations and highlighting the countrys resilience despite ongoing geopolitical uncertainties. According to advance...

Politics

Iran Expands Gulf Attacks as U.S. Strikes Intensify, Oil Prices Surge

Iran widened its military campaign against U.S. allies in the Gulf on Saturday after the United States carried out a seventh consecutive night of strikes on Iranian military targets, marking another escalation in the...

Brazil Supreme Court Tightens Jair Bolsonaro House Arrest Ahead of Election

Brazils Supreme Court has imposed stricter restrictions on former President Jair Bolsonaro, suspending all non-essential visits to his residence for 30 days as the country moves closer to its October presidential election....

US Expands Iran Strikes as Strait of Hormuz Shipping Drops, Oil Prices Climb

The United States carried out a seventh straight night of military strikes on Iran, extending operations beyond the countrys southern coast and deeper into its interior, while Tehran launched retaliatory attacks on...

DOJ Subpoenas Major Law Firms in Trump Executive Order Dispute

The U.S. Justice Department has issued subpoenas to 14 major law firms seeking records and sworn testimony related to executive orders signed by President Donald Trump that targeted several prominent legal firms or...

Trump Criticizes ABC, NBC and CNN for Limiting Coverage of Election Speech

President Donald Trump criticized ABC, NBC and CNN after the three major U.S. news organizations declined to air his prime-time address on their main television platforms, intensifying his long-running dispute with the...

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

Technology

DeepSeek Eyes $74 Billion Valuation Ahead of Planned China IPO

Chinese artificial intelligence startup DeepSeek is preparing a new fundraising round that could value the company at approximately 500 billion yuan ($74 billion) as it moves closer to a potential initial public offering...

SpaceX Eyes Pentagon AI Deal as Cloud Pricing Strategy Pressures CoreWeave

SpaceX briefly recovered some of its losses on Friday after a Wall Street Journal report said the aerospace company is negotiating a multi-billion-dollar agreement with the Pentagon to provide artificial intelligence...

Mikron H1 2026 Sales Fall 5.9% as Automation Weakness Weighs on Profit

Swiss automation and machining systems manufacturer Mikron Group AG reported lower first-half 2026 results as weaker demand in its Automation and Machining businesses offset strong growth in its Tool division. Despite the...

KAIST, Stanford Develop Self-Dressing Robot for Cleanrooms and Emergency Gear

Researchers from South Koreas Korea Advanced Institute of Science and Technology (KAIST) and Stanford University have developed an innovative self-dressing robotic technology that allows people to put on clothing without...

SpaceX Aborts Starship Test Flight as Engine Issue Delays Launch

SpaceX (NASDAQ: SPCX) called off the 13th test flight of its Starship rocket just minutes before its scheduled liftoff from its Texas launch site on Thursday after an engine-related issue triggered an automatic abort. CEO...