Saturday, May 2, 2026
Today's Print

Tag: energy prices

World Bank, IMF, IEA coordinate response to Middle East war shocks

International energy and finance leaders met Monday to synchronize their response to the Middle East war, warning that high fuel and fertilizer prices threaten...

World Bank slashes Philippine growth forecast to 3.7% as oil shock hits

The World Bank lowered its 2026 GDP growth forecast for the Philippines to 3.7 percent, citing oil price shocks and regional economic headwinds.

Meralco studies impact of ME crisis on power

Manila Electric Co. (Meralco) is evaluating the impact of the Middle East crisis on consumer electricity rates as global fuel prices fluctuate, chairman Manuel...

Shares, peso tumble as global oil prices soar

Philippine shares plunged Monday as escalating geopolitical tensions triggered a widespread sell-off across global markets. The peso also depreciated to 58.20 against the U.S. dollar,...

Meralco announces higher February power rates

Manila Electric Co (Meralco) announced on Tuesday an increase in electricity rates of P0.2226 per kilowatt-hour (kWh) for February, bringing the overall rate for...

Bigtime hike in fuel prices next week, inflation up

CONSUMERS can expect next week a big time oil price hike of as much as P1.50 per liter to reflect the movement of prices...

Employers warn EU to cut costs or see businesses leave

BRUSSELS, Belgium—The EU must urgently lower energy prices and ease regulations to stop industry fleeing the continent, European businesses said on Monday, as Brussels...

High energy bills—a blow to Belgian glassware business

By Raziye Akkoc SERAING, Belgium - When energy prices blew up last year in the wake of Russia’s war in Ukraine, Belgian glassblower Christophe Genard...

Fears for French baguettes grow as surging power prices burn bakers

By Adam Plowright PARIS, France—Recently described as “250 grams of magic and perfection” by President Emmanuel Macron, the French baguette is at risk from surging...

France’s Macron seeks German ‘solidarity’ on energy

French President Emmanuel Macron called on Germany Sunday to show European "solidarity" over soaring energy prices, warning that Berlin's multi-billion plan to help its...

Japan inflation at highest level since 2014

Inflation in Japan hit 2.8 percent in August, the highest level since 2014, government data showed Tuesday, as soaring energy prices bite. The last time...

Increasing costs could force British pubs to close

LONDON, United Kingdom—British pubs could be forced to close because of massive increases in energy prices, leading industry figures said on Tuesday, urging the...

World faces biggest energy turmoil since 1970s — WB

WASHINGTON, United States—Energy prices have surged since the Russian invasion of Ukraine and, along with other commodities, are likely to remain at “historically high”...

Spain bans job dismissals linked to soaring energy prices

The Spanish government on Tuesday banned firms which get state aid to deal with the economic impact of Russia's invasion of Ukraine from firing...
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