Business

Trump sued hours after new tariffs take effect, as experts say they may not hold up

CNBC

Trump sued hours after new tariffs take effect, as experts say they may not hold up

President Donald Trump has renewed a flurry of tariffs, including slapping 25% duties on Brazilian imports and vowing 50% tariffs on goods from Canada.

CNBC

P6 spike seen in diesel, gasoline prices

P6 spike seen in diesel, gasoline prices

Local oil firms are expected to implement another hefty increase for petroleum products next week amid growing supply concerns. Jetti Petroleum president Leo Bellas said on Friday diesel may jump by P6 to P6.50 a liter. Gasoline may…

Let’s Try This Again: A Do-Over Dinner for White House Correspondents

The New York Times

Let’s Try This Again: A Do-Over Dinner for White House Correspondents

President Trump remains the evening’s keynote speaker, as relations between his administration and the press continue to deteriorate.

The New York Times

Mixed day for global equities as oil prices retreat

CNA

Mixed day for global equities as oil prices retreat

Brent crude dropped below US$97 a barrel after Houthi rebels said they were not blocking traffic through the strategic Bab al-Mandeb Strait.

CNA

Young Cebu squad shoots for gold in Future Champions tilt

Young Cebu squad shoots for gold in Future Champions tilt

HONG KONG—East Asia Super League (EASL) CEO Henry Kerrins sees a lot of talent coming from Metro Manila, but also said that there’s a lot of great finds from the Queen City of the South. “We really identified some really special kids,” he…

A Sona that is truly for the people

Every fourth Monday of July, Filipinos expect the chief executive to deliver the State of the Nation Address (Sona) and hope he would talk about the things that truly matter to them. Last year’s speech was memorable. It was when President…

Vitol Paid Out $5.9 Billion to Traders as Profit Halved in 2025

Commodity trading giant Vitol Group paid out $5.9 billion to its executives and senior staff through share buybacks last year, even as its profits more than halved to $4.2 billion.

Straits Times

US small businesses file lawsuit challenging Trump’s new ‘forced labour’ tariffs

The lawsuit argues that Trump's tariffs are not legally justified without more information.

Straits Times

Al Jazeera

US small businesses challenge Trump’s new ‘forced labor’ tariffs

In lawsuit on Friday, two small businesses said latest round of tariffs on 60 countries needs to be legally justified.

Al Jazeera

CFTC Warns Prediction Markets Over Blanket Self-Certifications

The Commodity Futures Trading Commission is tapping the brakes on prediction markets’ practice of “self-certifying” boilerplate contracts that could apply to myriad events.

Paramount agrees to pause $110bn Warner Bros merger as case plays out

The Guardian

Paramount agrees to pause $110bn Warner Bros merger as case plays out

Twelve states led by California had obtained temporary restraining order blocking merger from closing for 28 days Paramount ⁠Skydance ⁠has agreed to pause its $110bn acquisition ⁠of Warner ‌Bros ‌Discovery until a ‌ruling on several…

The Guardian

ICC ousts chief prosecutor Karim Khan after misconduct probe

Financial Times