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Iraq Oil Output Reportedly Plunges, Raising Fears Over Export Disruptions
April was the most difficult month in decades for Iraq’s crude oil production, with output averaging 1.389 million barrels per day (bpd).

By The Financial District
May 311 min read


Investor Bets Shift Toward Chip Giants TSMC and ASML Amid AI Boom
Billionaire portfolio manager Philippe Laffont of Coatue Management reshaped his technology holdings in the first quarter, significantly reducing exposure to major cloud companies Amazon, Alphabet, and Microsoft, while fully exiting Oracle.

By The Financial District
May 311 min read


Nvidia China Chip Sales Stall Despite U.S. Approval Framework
President Donald Trump has confirmed that China has refused to approve purchases of Nvidia’s H200 AI chips, signaling a setback for U.S.–China tech trade negotiations.

By The Financial District
May 311 min read


PAGCOR Launches 24/7 Gambling Addiction Helpline
Philippine Amusement and Gaming Corporation has launched its 24/7 National Problem Gambling Helpline (NPGH), strengthening efforts to promote responsible gaming and player protection.

By The Financial District
May 301 min read


AboitizPower, DOE Explore Sites for Future PH Nuclear Plants
Aboitiz Power Corporation is working with the Philippine government to identify potential sites for nuclear power plants as part of the country’s long-term nuclear energy roadmap.

By The Financial District
May 291 min read


PSE Index Falls Further Amid MSCI Rebalancing, Economic Concerns
The Philippine Stock Exchange (PSE) index declined further Friday, closing at 5,768.76 points, down 91.18 points or 1.56%, following a major rebalancing of the Morgan Stanley Capital International (MSCI) index that dragged blue-chip stocks lower.

By The Financial District
May 291 min read


Powering Beyond the Grid
Manila Electric Company's (Meralco) growing influence across the Philippine energy landscape is steadily reshaping expectations of what a modern distribution utility should be.

By Gerry Urbina
May 294 min read


Massachusetts Becomes First State to Recognize Uber and Lyft Drivers’ Union
Drivers for ride-hailing apps such as Uber and Lyft celebrated after Massachusetts became the first state to recognize their union.

By The Financial District
May 291 min read


PSE Index Plunges on Economic Woes
The Philippine Stock Exchange (PSE) index plunged Thursday, closing at 5,859.94 points, down 103.30 points or 1.73%, amid growing economic concerns.

By The Financial District
May 281 min read


Economist Says Tax Breaks for the Wealthy Deepen Struggles of Poor Americans
Teresa Ghilarducci of the The New School argued that opposition to higher taxes on the ultra-rich reflects a longstanding belief that wealth is inherently deserved while poverty requires discipline.

By The Financial District
May 281 min read


Rubio Blames Cuban Government, Not U.S. Policy, for Energy Crisis
Marco Rubio said in a public address that Cuba’s worsening energy crisis and blackouts are the result of government mismanagement rather than US policy.

By The Financial District
May 281 min read


More Than 340 U.S. News Outlets Restrict Internet Archive Access
More than 340 US news organizations have restricted access by the Internet Archive to preserve their journalism, amid concerns that artificial intelligence companies could use archived content for training purposes.

By The Financial District
May 281 min read


Bond Market Unlikely to Halt Stock Rally, Investment CEO Says
Treasury yields remain elevated, but the bond market is not yet in the “danger zone” for stocks, according to Nancy Tengler, CEO of Laffer Tengler Investments.

By The Financial District
May 281 min read


Farmers Turn to Manure, Even Human Urine, as Fertilizer Costs Rise
Farmers are increasingly searching for alternatives to conventional nitrogen fertilizers amid supply disruptions and rising prices.

By The Financial District
May 271 min read


U.S. Consumer Sentiment Falls to Record Low as Cost Pressures Mount
Americans grew more pessimistic about the economy in May as rising gasoline prices and inflation continued to strain household finances.

By The Financial District
May 271 min read


UN Warns Global Growth Will Slow as Iran War Continues
As conflict in the Middle East drives up energy costs and clouds economic outlooks, the United Nations warned that the global economy faces one of its weakest years since the 2008 financial crisis, with Europe among the hardest hit.

By The Financial District
May 271 min read


Dow, S&P 500, Nasdaq Rise as Tech Stocks Gain on Iran Talk Optimism
US stocks rose as investors awaited updates on US-Iran peace talks.

By The Financial District
May 271 min read


Initial US Jobless Claims Fall to 209,000
Initial US jobless claims fell to 209,000 in the week ended May 16.

By The Financial District
May 261 min read


Quantum Computing Stocks Jump on Report US Will Grant $2-B in Awards
Quantum computing stocks surged after reports that the Trump administration is negotiating deals with nine quantum-computing companies under a proposed $2-billion grants-for-equity program.

By The Financial District
May 251 min read


European Companies are Reindustrializing Even with Less Money
European and American companies are rethinking where and how they manufacture products — and they are moving faster than before, even as planned spending declines.

By The Financial District
May 251 min read


PSE Index Reclaims 6,000 Level, but Weak Trading Signals Market Caution
The Philippine Stock Exchange (PSE) index returned to the 6,000 level on Monday amid renewed optimism, although signs of market weakness persisted as it closed at 6,009.38, up 47.98 points or 0.80 percent.

By The Financial District
May 252 min read


EU Vows to Stand Firm on Russia as UK Explains Sanctions Decision
Brussels is testing support among G7 allies for a full ban on maritime services for Russian oil tankers.

By The Financial District
May 251 min read


German Business Morale Improves Despite Iran War
German business confidence unexpectedly rose in May, breaking a streak of declines linked to the Iran war and offering cautious optimism that Europe’s largest economy may be proving more resilient than initially feared.

By The Financial District
May 251 min read


PH loses ₱141-B to Illicit Tobacco Trade in Two Years — Report
Illicit Tobacco
The Philippine government lost an estimated ₱141 billion ($2.46 billion) in revenues due to illicit tobacco trade, while operators involved in the illegal market earned about ₱136 billion ($2.21 billion) over two years — 2024 and 2025.

By The Financial District
May 233 min read
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