What’s Happening in the Philippines, Local News and Philippine People
In response to worldwide worry about surging crude prices caused by supply shortages linked to the conflict in Iran, the United States is temporarily relaxing certain sanctions on Russian oil shipments. Designed to calm anxious markets regarding the interruption of
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As Washington debates deepfakes and Silicon Valley fixates on LLMs that craft poetry, the global economy is encountering a physical barrier. We’re looking at the biggest value-creation chance in human history — yet we’re fixated on the wrong revolution. The
MoreSir Isaac Newton’s “Universal Law of Gravitation” posits that anything that rises must eventually fall. Clearly, Newton hasn’t visited a grocery store recently. Prices are surging well beyond the official inflation rate—and not always for the reasons companies cite. The
MoreAnother firm, Palantir, finds itself at the center of the continuing dispute between AI company Anthropic and the U.S. Department of Defense regarding the military’s potential use of Anthropic’s large language models. The Miami-based data analytics and AI platform Palantir
MoreOn Friday, a federal judge invalidated subpoenas that the Justice Department had sent to the Federal Reserve back in January, delivering a significant setback to a probe that has already drawn heavy criticism from lawmakers on Capitol Hill. This probe,
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Interior Secretary Doug Burgum stated that the Trump administration has deliberated on trading in the oil futures market as a means to help check the soaring crude prices in the wake of the Iran war. However, Burgum mentioned that he
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The U.S. military confirmed Friday that all six crew members aboard a KC-135 refueling aircraft died in a crash while supporting operations against Iran. U.S. Central Command, responsible for the Middle East, reported that Thursday’s crash in western Iraq occurred
MoreThis romantic-comedy formula is now a mainstay of holiday TV programming: a busy professional from the big city returns home for Christmas and falls for a local fellow after acknowledging her current boyfriend isn’t her genuine soulmate. According to Martha
MoreIn 2025, individual income taxes generated over 50% of U.S. federal revenue, totaling $2.6 trillion and serving as the primary source of government funding. However, the income tax is a relatively modern development; it was first implemented by President Abraham
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Americans who paid for President Donald Trump’s tariffs are now seeking reimbursements. Following a Supreme Court decision that invalidated tariffs imposed under the International Emergency Economic Powers Act (IEEPA), U.S. companies are now in a position to claim refunds for
MoreThe conflict in Iran is altering global flight routes, endangering Southeast Asia’s vital tourism industry. Missile and drone strikes by Iran have closed major Middle Eastern aviation centers such as Dubai, Abu Dhabi, and Doha, severing well-traveled paths for European
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As of 8:30 a.m. Eastern Time today, the price of oil per barrel was $99.84, with Brent serving as the benchmark (we’ll explain different benchmarks later in this article). This represents an increase of $1.08 compared to yesterday morning and
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The U.S. Mint revealed new coin designs for the nation’s 250th anniversary, notably omitting a significant element: the olive branch from the redesigned dime. The coin’s reverse shows a bald eagle soaring, clutching arrows in its left talon while its
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Adobe has initiated a search for a new chief executive following CEO Shantanu Narayen’s announcement on Thursday that he intends to step down after an 18-year tenure. Narayen stated that he will remain in his position until a successor is
MoreRipple, the fintech firm recognized for its link to the XRP cryptocurrency, is set to repurchase approximately $750 million worth of shares from investors and staff members— a move that will value the company at around $50 billion. Bloomberg was
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This week, the market capitalization of Exxon Mobil, Chevron, and numerous other U.S. oil and gas producers, refiners, and exporters hit all-time highs amid the Iran conflict and global fears of rising fuel and power costs as well as supply
MoreGoldman Sachs has issued a fresh warning that the U.S. economy is deteriorating, with the conflict in Iran exacerbating the situation. The bank increased its 12-month recession probability to 25% on Thursday—up 5 percentage points—following a dismal February jobs report
MoreThe tendency for AI chatbots and search engines to occasionally provide critical assessments of brands serves as a significant wake-up call for businesses, even if the trend is arguably beneficial for consumers. Research conducted by SEO firm BrightEdge, which analyzed
MoreOn Tuesday, Amazon repurposed its usual weekly retail technology meeting to determine the cause of its retail website’s recurring outages. According to the Financial Times, the answer—contained in internal documents that were later rapidly removed—was its own AI initiatives. In
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Ever since the start of President Donald Trump’s second term, U.S. importers have had to navigate a series of back-and-forth tariff implementations and reversals, which has instilled a sense of uncertainty in the American mindset. This constant vacillation has even
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