In a landmark ruling, American Airlines has been found to have mismanaged its employees’ retirement funds by engaging in investment practices that prioritize Environmental, Social, and Governance (ESG) factors. The case, Spence v. American Airlines, Inc., was decided by Judge Reed O’Connor of the Northern District of Texas on January 10, 2025. The lawsuit was…
In recent years, Environmental, Social, and Governance (ESG) investing has been heralded as the future of sustainable finance. ESG principles aimed to encourage companies to operate responsibly, considering their environmental impact, social responsibilities, and governance practices. However, the once-promising concept has faced significant challenges, leading to what many are now calling the collapse of ESG….
This year, in March, a dedicated group of individuals embarked on a 160-kilometer walk to commemorate one of the most harrowing events in history: the Bataan Death March. This commemorative walk serves not only as a reminder of the sacrifices made by the Filipino and American soldiers during World War II but also as a…
The Philippines is set to bolster its artillery capabilities by acquiring 12 additional ATMOS 155mm self-propelled howitzers from Israel. This move is part of the Armed Forces of the Philippines (AFP) modernization program, which aims to enhance the country’s defense capabilities amid evolving security challenges. The ATMOS 155mm self-propelled howitzer, developed by Israel’s Elbit Systems,…
On Thursday, US President Donald Trump issued an executive order effectively banning the establishment of a central bank digital currency (CBDC) in the United States. This decision is rooted in concerns about the financial system’s stability, individual privacy, and the sovereignty of the US dollar. The move aligns with the long-standing position of Congressional Republicans,…
The Belt and Road Initiative (BRI), also known as the One Belt, One Road (OBOR), is a colossal infrastructure and economic development project launched by China in 2013. Spearheaded by Chinese President Xi Jinping, it aims to enhance global trade and stimulate economic growth across Asia and beyond by building a vast network of trade…
The Vatican has released a comprehensive document outlining ethical guidelines for developing and using artificial intelligence (AI). This document emphasizes that AI should serve as a tool to complement human intelligence rather than replace it. The guidelines address the potential risks AI poses in various sectors, including warfare and healthcare, and call for increased human…
In the Philippines, the lack of electricity in public schools remains a significant challenge, particularly in remote and conflict-affected areas. According to data from the Department of Education (DepEd), around a third of public schools without electricity are located in Cotabato, Palawan, Sulu, Zamboanga del Sur, and Negros Oriental. These schools, often referred to as…
In a significant move to strengthen its network coverage in China, Philippine Airlines (PAL) has announced the resumption of its direct flights between Manila and Beijing starting March 30. This development is a welcome boost for trade and tourism between the two nations. Expanding Reach in China PAL’s decision to reinstate flights to Beijing is…
