Multilateral development banks (MDBs) are stepping up coordination to cushion economies from the spillover effects of the Middle East conflict, citing rising energy costs, supply chain disruptions, and tighter financial conditions as immediate risks to growth and stability. In an April 17 joint...
BEIRUT (AP) — A truce took hold Friday between Israel and Lebanon 's Hezbollah, providing relief on both sides of the border and an opening for Iran and the United States to reach a deal to end the wider war. The ceasefire appears to have led Iran to reopen the Strait of Hormuz, easing the...
COLOMBO, Sri Lanka (AP) — Sri Lanka has sent home 238 Iranian sailors, including 32 who survived a U.S torpedo attack that sank their ship in the Indian Ocean, officials said Friday. A U.S. submarine sank the IRIS Dena on March 4 while the ship was returning home after taking part in a naval...
NEW YORK (AP) — After U.S. President Donald Trump and Iran’s foreign minister said the Strait of Hormuz was fully open to commercial vessels after almost seven weeks of war, oil prices plunged 10% and the stock market rallied Friday. Motorists, hoping for relief at the pump, wondered how...
Carlo Chen-Delantar has been named to the World Economic Forum’s Young Global Leaders (YGL) Class of 2026, making him one of over 20 Filipinos in history to be given the prestigious recognition. He joins a global community whose alumni include Amal Clooney, human rights lawyer and barrister;...
NAIROBI, Kenya (AP) — The Iran war's global energy shock is causing some nations in Asia and Africa to boost nuclear power generation and spurring atomic energy plans in non-nuclear countries on both continents. Asia, where most of the Middle Eastern oil and natural gas was headed, was hit...
PARIS (AP) — The leaders of France and the U.K. on Friday welcomed the announcement by Iran and the U.S. that the Strait of Hormuz is open, but said freedom of navigation must be permanently restored to the key oil route choked by the U.S.-Israeli war on Iran. President Emmanuel Macron and Prime...
PARIS (AP) — German Chancellor Friedrich Merz said Friday he wants U.S. involvement in a Europe-led mission to secure shipping through the Strait of Hormuz. Speaking after an international conference in Paris on securing the strait, Merz said Germany could contribute mine clearance and maritime...
DAVAO CITY - Course familiarity proved crucial for Filipino players as Team Philippines claimed the lead in the first round of action in the inaugural Junior Golf Foundation of the Philippines (JGFP) World Team Championships on Friday, April 17 at the Apo Golf and Country Club here. Philippine Team...
SEOUL, South Korea (AP) — The South Korean internet erupted in celebration as a 2-year-old wolf that escaped from a zoo in South Korea was captured safely Friday after a nine-day search that kept the nation on edge and made it a national celebrity. The male wolf, named Neukgu, burrowed out of...
PARIS (AP) — The leaders of France and the U.K. will gather dozens of countries — but not the United States — on Friday to push forward plans to reopen the Strait of Hormuz, a key oil route choked off by the U.S.-Israeli war on Iran. The Paris meeting is part of attempts by sidelined nations...
WASHINGTON (AP) — The House rejected a resolution Thursday requiring President Donald Trump to withdraw U.S. forces from the war with Iran unless Congress authorizes military action. It was the latest such vote that fell short of passage as Republicans largely continue to support Trump 's...
