World
Global news and what it means for Filipinos.
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North Korea’s Kim Jong Un reappointed as president of state affairs, KCNA says
SEOUL, March 23 (Reuters) – North Korean leader Kim Jong Un was reappointed as president of state affairs, state media KCNA reported on Monday, after the isolated nation convened the first session of its Supreme People’s Assembly a day earlier. The meeting in Pyongyang will discuss amendments…
Oil stabilises as investors weigh US, Iran threats to facilities, sanctions lift
SINGAPORE, March 23 (Reuters) – Oil prices were little moved on Monday as investors weighed U.S. and Iranian threats to target energy facilities that could escalate the war against the release of millions of barrels of Iranian oil at sea to global markets after Washington lifted sanctions. Brent…
Spain’s king makes rare acknowledgement of country’s colonial abuses
Spain’s King Felipe VI acknowledged abuses in his country’s colonial past on Monday, a rare admission by the Spanish crown which has never issued a formal apology to former colonies. At its height in the 16th to 18th centuries, Spain ruled one of the largest empires in world history, spanning…
Oil prices open at $100/barrel on Monday as war in Middle East continues
WASHINGTON, United States — Oil prices kept rising as markets opened Sunday, with both benchmarks higher as the war in the Middle East disrupts global supplies. At around 0015 GMT, the US benchmark West Texas Intermediate was up 0.01 percent at $98.72 a barrel, while the price of Brent, the…
Oil surges; Brent back at $100 as Iran steps up attacks on Gulf shipping
BEIJING/SINGAPORE, March 12 (Reuters) – Oil prices jumped on Thursday as Iran stepped up attacks on oil and transport facilities across the Middle East, raising fears of a prolonged conflict and oil-flow disruptions through the Strait of Hormuz. Brent futures rose $8.54, or 9.28%, to $100.52 a…
The world’s youngest billionaire is 20 years old, according to the Forbes’ 2026 list
Believe it or not, there are more Gen Z billionaires today than ever before, according to Forbes. Based on the Forbes World’s Billionaires list, 35 people reached billionaire status before age 30. They account for just 1% of the world’s 3,428 billionaires — but that share is up by 0.4 percentage…
Shares steady, oil turbulence deepens over Middle East war fears
SINGAPORE, March 11 (Reuters) – Shares steadied on Wednesday following a retreat in oil prices, but contradictory signals from the U.S.-Israeli war on Iran kept investors anxious over the risks to inflation and global growth. A pullback in oil came after the Wall Street Journal reported that the…
Trump vows Iran war will ‘end very soon’
President Donald Trump said Monday that US military operations in Iran would be ending soon, reassuring markets that have been thrust into chaos by a war still reverberating across the Middle East. The war had sent stock markets slumping and oil prices soaring on Monday as Tehran, under new leader…
Vietnam to remove fuel tariffs amid supply disruption due to Iran war
Vietnam is planning to remove its import tariffs on fuels to ensure supplies amid disruptions caused by the military conflict in the Middle East, the government said. The tariff removal is expected to last until the end of April, the government said in a statement issued late on Sunday…
Toyota, Hyundai, Chinese automakers seen facing biggest impact from US-Iran conflict — Bernstein
Toyota Motor Corporation, Hyundai Motor Company, and Chinese automakers such as Chery may be among the most affected by the US‑Israel conflict with Iran, analysts from Bernstein Research said in a report cited by CNBC. According to the report, international or non-domestic automakers account for…
Iraqi oil production collapses with Strait of Hormuz blocked by conflict, sources say
Iraqi oil production from its main southern oilfields has fallen by 70% to just 1.3 million barrels per day as the country is unable to export oil via the Strait of Hormuz due to the Iran war, three industry sources said on Sunday. Production from the fields stood at around 4.3 million bpd…
Oil soars, shares slide in Asia as Middle East conflict rages
Share futures fell sharply in Asia on Monday as the inflationary pulse from surging oil prices threatened to raise living costs, and perhaps interest rates, across the globe, while an investor hunger for liquidity kept the U.S. dollar in demand. Brent jumped 17% to $108.73 a barrel, having…
China’s EV makers increase overseas sales amid slowing domestic demand
Chinese electric vehicle (EV) manufacturers such as BYD, Great Wall Motor and Chery Automobile are becoming increasingly dependent on overseas markets as sales in China’s domestic EV market slow down. According to a report by the South China Morning Post, David Zhang, general secretary of the…
Inter-agency committee tells gov’t agencies: Set airconditioning units no lower than 24°C
The Inter-Agency Energy Efficiency and Conservation Committee (IAEECC) reminded government agencies to conserve energy amid the U.S.-Iran conflict. Tensions in the Middle East caused a surge in oil prices, reaching almost $83 per barrel on Tuesday, the highest since January 2025, as reported by…
Victory Liner implements ‘fuel-saving measures’, halts free ride privilege as oil prices rise
Bus company Victory Liner announced that it is implementing “fuel-saving measures” to reduce costs as oil prices rise due to the US-Iran conflict. In a statement, Victory Liner said: “Simula ngayon, bubuksan lamang ang makina at air-conditioning ng bus limang (5) minuto bago ang nakatakdang oras…