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…
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…
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…
Taiwan’s Digital Ministry has recently issued a directive urging government departments to avoid using DeepSeek’s AI service, citing significant national information security risks. The ministry highlighted concerns over cross-border transmission and information leakage, emphasizing that using DeepSeek’s technology could endanger the country’s sensitive data.
In recent years, the Philippines has seen a significant rise in scams involving Chinese nationals, particularly in love and lending. These scams have not only caused financial losses but have also led to emotional distress for many victims. Love Scams: The Deceptive Pursuit of Love Love or romance scams involve scammers pretending to have romantic…
In a move that has shocked the global health community, the United States has announced its decision to withdraw from the World Health Organization (WHO). This decision, driven by concerns and criticisms, marks a significant shift in the U.S.’s approach to international health cooperation. Reasons for Withdrawal Implications of the Withdrawal The decision to withdraw…
In a move that will be unpopular with some, a United States-based watchdog, BishopAccountability.org, has launched an online database detailing the names, faces, and alleged crimes of over 80 Roman Catholic priests accused of sexually abusing minors in the Philippines. The nonprofit organization asserts that the silence of Filipino bishops on these crimes amounts to…
In a significant move towards sustainable transportation, President Ferdinand R. Marcos Jr. has called on Tesla to consider manufacturing electric vehicles (EVs) in the Philippines. This appeal was made during the launch of the Tesla Service Center at Bonifacio Global City, a landmark event that underscores the country’s commitment to green technology and innovation. The…
Manila, Philippines — The Philippine tourism industry achieved an unprecedented milestone in 2024, with revenues soaring to an all-time high of P760 billion, according to Department of Tourism (DOT) Secretary Christina Garcia Frasco. This remarkable performance represents a 9% increase over the P697.46 billion generated in 2023 and an impressive 126% growth from pre-pandemic levels…
