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UK Moves to Designate Iran's Revolutionary Guards as National Security Threat
UK Prime Minister Keir Starmer has designated Iran's Islamic Revolutionary Guard Corps (IRGC) as a threat to British national security, along with two other groups, although the designation still requires parliamentary approval.

By The Financial District
Jul 161 min read


AI Investment Boom Continues to Drive U.S. Stocks, Says Apollo Economist
The rapid expansion of artificial intelligence (AI) investments continues to fuel gains in U.S. equities and may also be strengthening the U.S. dollar.

By The Financial District
Jul 161 min read


Economists Urge Action on AI's Potential Impact on Jobs
More than 200 economists, artificial intelligence researchers, computer scientists, and technology executives have signed an open letter urging governments and institutions to prepare for the economic disruptions that AI could bring.

By The Financial District
Jul 161 min read


PSE Index Climbs 0.74% on Renewed Iran Peace Talks
The Philippine Stock Exchange (PSE) index climbed to 6,302.50, gaining 46.48 points, or 0.74%, on renewed optimism following reports of another round of peace talks aimed at easing the Iran conflict.

By The Financial District
Jul 162 min read


Housing Affordability Bill Becomes Law Without Trump's Signature
The first major U.S. housing affordability legislation in three decades has officially become law, concluding months of bipartisan negotiations and an unusual legislative process after President Donald Trump declined to sign the measure.

By The Financial District
Jul 151 min read


Oil Prices Surge, AI Stocks Retreat as Middle East Conflict Escalates
Oil prices surged on Monday after renewed fighting in the Middle East, while losses in artificial intelligence (AI)-related technology stocks dragged global equity markets lower.

By The Financial District
Jul 151 min read


Asian Markets Slide as South Korea's Kospi Plunges Nearly 9%
The global market sell-off began in Asia early this week, with South Korea's Kospi Index plunging 8.9 percent.

By The Financial District
Jul 151 min read


Weak Yen Expected to Reduce Japan's Summer Overseas Travel by Nearly 9%
Overseas travel from Japan during this year's summer holiday season is expected to decline 8.8 percent to approximately 2.17 million traveler.

By The Financial District
Jul 151 min read


Trump Orders Suspension of U.S. Trade With Spain Amid NATO Dispute
U.S. President Donald Trump has ordered an immediate suspension of U.S. trade with NATO ally Spain, escalating tensions over defense spending and differences over military policy.

By The Financial District
Jul 151 min read


PSE Index Slips as Global Uncertainty Keeps Investors on the Sidelines
The Philippine Stock Exchange (PSE) index on Tuesday slipped 9.70 points, or 0.15 percent, to 6,256.02, as investors remained cautious amid persistent global uncertainty.

By The Financial District
Jul 152 min read


Part III: The West Philippine Sea Is Also an Economic Story
When discussions turn to the West Philippine Sea, public attention almost instinctively gravitates toward coast guard confrontations, naval patrols, diplomatic protests, and competing territorial claims.

By Gerry Urbina
Jul 156 min read


Economist Warns U.S. Debt Has Reached World War II-Era Levels Despite Economic Growth
The United States' debt burden has reached levels last seen during World War II even as the economy continues to expand, raising concerns that the government's fiscal flexibility could be significantly reduced before the next recession.

By The Financial District
Jul 141 min read


Japan Weighs Dollar Funding Support for Banks Under $550 Billion U.S. Investment Deal
The Japanese government is considering measures to help the country's largest banks secure U.S. dollar funding for investment projects under Japan's $550 billion agreement with the United States.

By The Financial District
Jul 141 min read


U.S. Borrowing Tops $1.4 Trillion as Interest Costs Near $24 Billion a Week
The U.S. government continues to borrow at a rapid pace despite concerns over the nation's growing debt burden.

By The Financial District
Jul 141 min read


Wall Street Falls as Renewed U.S.-Iran Fighting Weighs on Markets
U.S. stocks declined at the start of a busy trading week as renewed fighting between the United States and Iran heightened geopolitical tensions, pushed oil prices higher, and weighed on technology shares.

By The Financial District
Jul 141 min read


PSE Index Slips as Renewed Iran Hostilities Trigger Profit-Taking
The Philippine Stock Exchange (PSE) index on Monday closed at its intraday low of 6,265.72, down 20.98 points, or 0.33 percent, as renewed hostilities involving Iran dampened investor sentiment.

By The Financial District
Jul 142 min read


U.S. Airlines Spent Over $6.6 Billion on Jet Fuel in May Amid Higher Energy Prices
U.S. airlines spent $6.66 billion on jet fuel in May, marking the second consecutive month that fuel costs exceeded $6 billion.

By The Financial District
Jul 131 min read


Low Birth Rate Could Shift U.S. Housing Market From Shortage to Surplus
For the past decade, limited housing supply has been one of the defining characteristics of the U.S. residential real estate market.

By The Financial District
Jul 131 min read


U.S. Labor Force Participation Falls to 61.5%, Raising Concerns Over Worker Shortages
The U.S. labor force participation rate fell to 61.5 percent in June, its lowest level outside the COVID-19 pandemic since 1976, reflecting a tightening labor supply rather than a collapse in demand.

By The Financial District
Jul 132 min read


Affordable EV Push Faces Challenges as U.S. Falls Behind China
As vehicle prices continue to rise in the United States, industry observers are questioning whether the country can remain competitive in the global electric vehicle (EV) market.

By The Financial District
Jul 131 min read


De Beers Slashes Diamond Prices Amid Prolonged Industry Downturn
De Beers has implemented some of the largest reductions ever to its official diamond prices, signaling a possible shift in its long-standing strategy of supporting prices above prevailing market levels.

By The Financial District
Jul 111 min read
Unemployed Chinese Turn to Community Centers for Free Job-Hunting Spaces
As layoffs continue in parts of China's economy, many unemployed workers are using community service centers as free workspaces while searching for new jobs.

By The Financial District
Jul 111 min read


Bloomberg Economics Sees Higher Global Interest Rates Lasting Through 2028
The recent conflict between the United States and Iran could have lasting consequences for global monetary policy, with Bloomberg Economics forecasting that interest rates may remain higher than previously expected through 2028.

By The Financial District
Jul 111 min read


PSE Index Climbs 1.01% as Local Investors Drive Bargain Hunting
The Philippine Stock Exchange (PSE) index ended the week on a strong note Friday, rising 62.83 points, or 1.01 percent, to close at 6,286.70 as local investors stepped up bargain hunting.

By The Financial District
Jul 112 min read
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