Consumers across the Asia-Pacific region should prepare for another round of oil price hikes, as global market trends indicate an upward adjustment. The Department of Energy attributes the increase to geopolitical tensions, particularly the escalating conflict between Russia and Ukraine, as well as stalled nuclear negotiations between the U.S. and Iran. With trade talks between…
Filipino motorists are bracing for another round of fuel price hikes, with gasoline and diesel prices climbing by nearly P1.80 per liter. This marks the fifth consecutive week of increases, driven by escalating hostilities between Israel and Iran, declining oil supply in the U.S., and market reactions to a potential U.S.-China trade agreement. The Department…
After weeks of tense negotiations, Florida lawmakers reached a landmark budget agreement on June 16, finalizing a 2025–26 spending plan that reflects conservative fiscal priorities: tax relief, leaner government, and strategic investment in public safety and disaster preparedness. The deal includes a sweeping $1.3 billion in tax cuts — with over $900 million coming from…
Top news stories from America, the Philippines and Asia Pacific
Here are three major news stories from America, the Philippines and the Asia Pacific:
Washington, D.C./Beijing – May 12, 2025 – The United States and China have officially signed a new trade agreement, marking a significant shift in economic relations between the two global superpowers. The deal, announced earlier today, aims to ease tariffs, improve market access, and stabilize financial markets after years of trade tensions. Key Provisions of…
Washington, D.C. — May 10, 2025 China’s exports to the United States have plummeted, marking a significant shift in trade patterns and underscoring the impact of President Donald Trump’s new tariff policy. The decline in Chinese shipments follows the introduction of a 10% baseline tariff on imports, which has reshaped business strategies and forced industries…
Trade tariffs have long been a tool used by U.S. presidents to protect domestic industries, negotiate trade deals, and influence global economic dynamics. Trump’s permanent 10% baseline tariff aligns with past protectionist policies but also differs in key ways. 1. The Smoot-Hawley Tariff Act (1930) One of the most infamous tariff policies in U.S. history,…
On Wednesday, the Philippine peso surged to the 55-level for the first time in over seven months, closing at 55.84 against the U.S. dollar. This appreciation comes as the greenback struggles with volatility stemming from U.S. President Donald Trump’s trade policies. Factors Behind the Peso’s Rally The peso’s recent strength is largely attributed to the…
The recent findings from InfluenceMap’s Carbon Majors database reveal that just 36 companies are responsible for over half of global carbon emissions. While this statistic underscores the need for action, it also highlights the importance of balancing environmental goals with economic realities. The Role of Energy in Economic Stability In 2023, coal emissions accounted for…
