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Sat, Feb 07, 2026 06:12 AM All times are UTC

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Philippine Inflation Falls to 5-Year Low, Opening Door for Further Rate Cuts

May 06, 2025 03:41 am UTC| Economy

The Philippines inflation rate dropped to its lowest level in over five years in April, driven by falling food and transport prices, the Philippine Statistics Authority said Tuesday. The slowdown strengthens the case for...

US Dollar Struggles as Asian Currencies Surge Amid Trade Talks and Tariff Concerns

May 06, 2025 03:26 am UTC| Economy

The U.S. dollar weakened on Tuesday as sharp gains in the Taiwan dollar triggered strength across Asian currencies, raising doubts about the greenbacks resilience. The Taiwan dollar soared 8% over two days, touching a...

Hong Kong Defends Currency Peg with $7.8 Billion Intervention

May 06, 2025 03:21 am UTC| Economy Central Banks

Hong Kongs de-facto central bank, the Hong Kong Monetary Authority (HKMA), intervened in the foreign exchange market on Tuesday by purchasing US$7.8 billion (HK$60.5 billion) to prevent the Hong Kong dollar from rising...

Westpac CEO Sees Economic Recovery as Mortgage Stress Eases, M&A Activity Rises

May 06, 2025 03:16 am UTC| Business Economy

Westpac CEO Anthony Miller said Australias economy is showing signs of recovery, citing reduced mortgage stress and a surge in corporate buyout interest. Speaking at the Macquarie Australia Conference in Sydney, Miller...

China’s Services Growth Hits 7-Month Low Amid U.S. Tariff Concerns

May 06, 2025 03:12 am UTC| Economy

Chinas services sector expanded at its slowest pace in seven months in April, according to the Caixin/SP Global services purchasing managers index (PMI), which dropped to 50.7 from Marchs 51.9. This marks the weakest...

Oil Prices Rebound After Hitting Four-Year Low Amid Shale Output Warning

May 06, 2025 03:05 am UTC| Economy

Oil prices jumped in Asian trading on Tuesday, rebounding from a four-year low driven by demand concerns and rising global supply. Brent crude futures climbed 1.3% to $61.04 per barrel, while West Texas Intermediate (WTI)...

Asian FX Volatility Rattles Markets Amid Tariff Concerns and Fed Watch

May 06, 2025 03:04 am UTC| Economy

Global markets traded cautiously on Tuesday as investors weighed the impact of U.S. tariffs and shifting Asian currency dynamics. The U.S. dollar rebounded slightly after recent losses, while fears over economic fallout...

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Economy

China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices

Chinas central bank has continued to strengthen its gold reserves, extending its buying streak to a 15th consecutive month in January, according to the latest data released by the Peoples Bank of China (PBOC). The move...

Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal

President Donald Trump has signed a landmark executive order removing the 25% penalty tariff on Indian goods, signaling a major shift in U.S.India trade relations and global geopolitical alignment. The move functions as...

Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran

U.S. President Donald Trump has signed a new executive order that could impose tariffs of up to 25% on countries that continue to do business with Iran, marking a significant escalation in Washingtons pressure campaign...

U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains

The United States and India have taken a significant step toward a long-anticipated bilateral trade agreement by releasing an interim trade framework aimed at lowering tariffs, reshaping energy ties, and strengthening...

Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility

U.S. stocks surged on Friday, posting their strongest session since May 2025, as investors regained confidence following a turbulent week marked by sharp losses in technology shares and uncertainty around the artificial...

Politics

Ohio Man Indicted for Alleged Threat Against Vice President JD Vance, Faces Additional Federal Charges

A federal grand jury has returned an indictment against a 33-year-old Ohio man accused of threatening to kill U.S. Vice President JD Vance during the vice presidents visit to the Ohio region in January, according to the...

New York Legalizes Medical Aid in Dying for Terminally Ill Patients

New York has officially joined a growing number of U.S. states allowing medical aid in dying after Governor Kathy Hochul signed landmark legislation into law on Friday. The new New York medical aid in dying law permits...

Trump Says “Very Good Talks” Underway on Russia-Ukraine War as Peace Efforts Continue

U.S. President Donald Trump said on Friday that very good talks are ongoing regarding Russias war in Ukraine, signaling potential movement in long-running diplomatic efforts to end the conflict. Speaking briefly to...

China Warns US Arms Sales to Taiwan Could Disrupt Trump’s Planned Visit

China has issued a strong warning to the United States, signaling that any additional arms sales to Taiwan could seriously jeopardize U.S. President Donald Trumps planned visit to China in April. According to a report...

Trump Allows Commercial Fishing in Protected New England Waters

U.S. President Donald Trump has signed a proclamation permitting commercial fishing in a previously restricted marine protected area off the coast of New England, a move that has sparked renewed debate over ocean...

Science

SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates

Elon Musks SpaceX is shifting its near-term space exploration strategy, choosing to prioritize a return to the Moon before pursuing missions to Mars, according to a recent Wall Street Journal report citing sources familiar...

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

Technology

Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge

Nvidia (NASDAQ: NVDA) CEO Jensen Huang reaffirmed his bullish stance on artificial intelligence, calling the massive capital expenditure flowing into AI infrastructure both appropriate and necessary as the industry...

Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate

Amazon.com (NASDAQ:AMZN) delivered a mixed but closely watched earnings report, beating Wall Street expectations on revenue while unveiling a massive long-term investment plan that unsettled investors. The e-commerce and...

Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch

Major PC manufacturers including HP, Dell, Acer, and Asus are reportedly exploring the option of sourcing memory chips from Chinese semiconductor companies for the first time, as a prolonged global supply crunch continues...

OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering

OpenAI is significantly accelerating its enterprise AI strategy by hiring hundreds of new employees for its technical consulting division, according to a report by The Information, citing a person familiar with the...

SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off

SoftBank Group Corp. (TYO:9984) shares tumbled sharply on Thursday, tracking a steep decline in Arm Holdings (NASDAQ:ARM) after the UK-based chip designer reported weaker-than-expected earnings for the December quarter....