Tuesday, May 5, 2026
Today's Print

Tag: Global economy

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...

Fragile ceasefire holds, for now

A CEASEFIRE between the United States and Iran appeared to be holding yesterday after the rivals agreed a two-week truce to the war that...

IEA, IMF, World Bank launch task force to tackle Middle East war fallout

The heads of the International Energy Agency, International Monetary Fund and World Bank Group agreed to form a coordination group to maximize their response...

Stocks rally, oil dives as Trump seeks to end war

Hong Kong, China—Equities rallied and oil tumbled Wednesday after US President Donald Trump said the Middle East war would be over in up to three...

On tenterhooks

AS NEVER before, the world today is on tenterhooks as the clock ticks closer to 23:44 Greenwich Mean Time Monday or 7:44 AM Philippine...

Mideast war threatens energy crisis worse than 1970s oil shocks

Tehran, Iran—The world faces an energy crisis worse than both 1970s oil shocks combined if the Middle East war drags on, the head of the...

Citi highlights robust growth potential for the Philippines amidst global economic resilience

Citi underscored the significant growth potential of emerging markets, particularly the Philippines, and the continues resilience of the global economy despite prevailing uncertainties. The...

FedEx contributes $126 billion to global economy

FedEx Corp. reported a $126-billion contribution to the global economy in fiscal year 2025, according to its annual Global Economic Impact Report. The report, prepared...

IMF trims Philippine growth outlook amid global challenges

The International Monetary Fund (IMF) has trimmed its growth forecast for the Philippines for this year and next, aligning with a slower outlook for...

Converge, UP team up to train students in tech, AI leadership

Converge ICT Solutions Inc. has signed a three-year strategic partnership with the University of the Philippines (UP) designed to prepare Filipino students to become...

Higher US tariffs take effect on dozens of economies

Washington, United States—Higher US tariffs came into effect for dozens of economies Thursday, drastically raising the stakes in President Donald Trump's wide-ranging efforts to reshape...

IMF retains 2025 Philippines growth forecast at 5.5%, hikes 2026 outlook

IMF maintains 2025 growth forecast for the Philippines at 5.5% but raises its 2026 outlook to 5.9%, citing global economic factors and risks. The International...

Trump says to send first tariff letters on Monday

Washington, United States—US President Donald Trump announced he would send the first tariff letters to various countries on Monday, days before his deadline for trading...

BRICS nations voice ‘serious concerns’ over Trump tariffs

RIO DE JANEIRO – BRICS leaders meeting in Rio de Janeiro on Sunday (Monday, Manila time) are expected to decry US President Donald Trump’s...
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