Potential United States (US) tariff hikes on Philippine exports pose a fresh threat to the peso, which has remained among Asia’s weakest-performing currencies since geopolitical tensions flared up in the Middle East in late February. Trading this week showed the local currency on the verge of...
DUBAI, United Arab Emirates (AP) — The United States expanded its airstrike campaign against Iran early Friday by increasingly hitting bridges, part of President Donald Trump 's threats to start striking infrastructure to pressure Tehran to ease its chokehold on the Strait of Hormuz....
DUBAI, United Arab Emirates (AP) — The United States intensified its strikes targeting Iran early Thursday, hitting targets further north as American forces also fired into a ship it accused of trying to break its naval blockade on the Islamic Republic. Iran retaliated with missile and drone...
WASHINGTON (AP) — Senate Democrats blocked a $1 trillion annual defense bill Tuesday, refusing to advance the bipartisan package that would substantially increase Pentagon spending, including a pay raise for the troops, in protest of President Donald Trump 's war against Iran. Senate...
Asia-Pacific’s (APAC) relative insulation from the Middle East conflict has singled out the Philippines and Indonesia as laggards as external headwinds are exacerbated by domestic turmoil, according to Allianz Research. Allianz Research said in its half-time outlook report published last week...
DUBAI, United Arab Emirates (AP) — The United States attacked Iran early Sunday morning over an Iranian strike on a vessel in the Strait of Hormuz that set the container ship ablaze and forced its crew to abandon it. Iran responded with attacks targeting several countries in the Gulf, including...
DUBAI, United Arab Emirates (AP) — The United States launched new airstrikes against Iran early Thursday, and Tehran responded by hitting Bahrain, Kuwait and Qatar in crossfire that again threatened an interim deal intended to help end the war in the Persian Gulf. The strikes came hours after...
The Washington-based International Monetary Fund (IMF) has further lowered its 2026 and 2027 economic growth forecasts for the Philippines on the assessment that the country sustained deeper wounds from the Middle East war. According to the July update of the IMF’s flagship World Economic Outlook...
DUBAI, United Arab Emirates (AP) — Iran 's paramilitary Revolutionary Guard launched drone and missile attacks Sunday targeting Bahrain and Kuwait in response to U.S. airstrikes that hit the Islamic Republic, and threatened a "complete halt" could come to negotiations to end the war if...
EVIAN-LES-BAINS, France (AP) — Leaders at the Group of Seven summit on Wednesday threw their support behind U.S. President Donald Trump 's tentative agreement with Iran to open the Strait of Hormuz and further extend a shaky ceasefire — even though he 's offered scant specificity...
DUBAI, United Arab Emirates (AP) — Iran 's top diplomat said Tuesday that the tentative deal to end the war with the United States would require Israel to withdraw from Lebanon — a condition Israel has already rejected and that could sink the agreement, leading to the resumption of all-out...
DUBAI, United Arab Emirates (AP) — An initial agreement between the United States and Iran to extend their shaky ceasefire inched toward a formal signing despite questions Monday over the fate of Tehran 's nuclear program and an offensive by Israel in Lebanon that could prolong the fighting...
