Headlines

Philippines first to lose a grip on Iran war-stoked inflation

TOKYO — The Philippines’ shock inflation spike in April is a serious warning sign — an economic canary in the coal mine that shouldn’t be ignored. The 7.2% year-on-year jump is roughly double the first-quarter 3.4% growth rate. Clearly, the Philippines falling into the

Asia

UAE denies involvement in Sudan airport attack

CAIRO, May 6 (Reuters) - The United Arab Emirates denied allegations by Sudan that an Emirati drone had been used in an attack on Khartoum airport on Monday launched from Ethiopia, according to a statement by a UAE official late on Tuesday. Sudan has long accused the UAE of

Trump Doesn’t Care If He Wrecks the Global Economy

On Monday, President Trump gathered more than 100 small-business leaders in the East Wing of the White House to take a victory lap. His return to the White House had resulted in “record business,” he said. The tax and regulatory cuts in the One Big Beautiful Bill Act, the