Business

US slaps PH exports with higher 12.5% tariff

MANILA, Philippines — Washington on Friday formally imposed a new 12.5-percent tariff on Philippine exports, joining dozens of other US trading partners that the Trump administration said had failed to adopt adequate prohibitions against…

Petrol price up by Rs3.66, HSD by Rs4.80 as govt revises fuel rates

The government on Friday increased the prices of petrol and high-speed diesel (HSD) by Rs3.66 and Rs4.80 per litre, respectively, passing on the impact of fluctuating global oil prices following renewed hostilities in the Persian Gulf…

MANILA, Philippines — The Philippine peso fell to a fresh record low on Friday, dragged down by a resurgent US dollar…

MANILA, Philippines — The Philippine peso fell to a fresh record low on Friday, dragged down by a resurgent US dollar as higher oil prices, driven by renewed fighting in the Middle East, sent investors toward safe-haven assets while new…

Trump Administration Admits Canceling Grants to States That Did Not Vote for Him

Federal officials said in court documents that they halted billions of dollars in funding for energy projects to states “based solely” on whether they backed President Trump in the 2024 election.

Your retirement math may have a surprising flaw

Stress-test your retirement plan against late-life healthcare and housing shocks.

Strait of Hormuz traffic may not return to normal for 12 months or more, according to prediction markets

Kalshi traders give less than 50% odds that the key maritime passageway will fully reopen by July 2027.

Nvidia, Microsoft and other tech giants back open-source AI models

Jensen Huang has a high-stakes message for AI policymakers

As Washington considers tighter restrictions on open-weight AI over concerns of intellectual-property theft, Nvidia and other tech companies are pushing back.

The unfinished business of the India-U.K. trade deal | Explained

While the India-U.K. CETA eases trade barriers, important questions on investment protection, patent rules and carbon border taxes have been left for future negotiations

Getting Ditched by Amazon Revitalized One Game Studio

Maverick Games, the maker of ‘Clutch,’ was ditched by Amazon but is doing just fine

Russian stocks close in the green on Friday

BCS World of Investment forecasts the MOEX Index to range between 2,100 and 2,200 points for the beginning of next week

IN BRIEF: Nabiullina’s statements on key rate, fuel market, attacks on marketplaces

The Bank of Russia will consider the situation regarding the reduction of production capacity when making decisions on the key rate