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UN adopts first global artificial intelligence resolution

The United Nations General Assembly on Thursday unanimously adopted the first global resolution on artificial intelligence to encourage protecting personal data, monitoring AI for risks, and safeguarding human rights, U.S. officials said.

Biden’s softer climate regulation shows big US bet on subsidies to decarbonize

The Biden administration says its recent decision to scale back new climate regulations meant to force emissions cuts from cars and power plants will have a negligible impact on its overarching goal to halve greenhouse gas pollution this decade.

US Congress struggling to reach spending deal to avert weekend shutdown

A fractured U.S. Congress struggled behind the scenes on Wednesday to produce a massive spending bill to fund defense, homeland security and other programs that lawmakers must pass before the weekend to avert a partial government shutdown.

Analysis: US automakers race to build more hybrids as EV sales slow

As U.S. sales of gas-electric hybrid vehicles surge and electric-vehicle sales cool, automakers and suppliers are betting consumer demand for a compromise between all-combustion and all-electric is a durable trend.

Soaring Japanese equities offer investors cozy distance from troubled China

As economic and geopolitical woes spur an exodus of investors from China, many have been redirecting money into Japan, giving the benchmark Nikkei an extra boost as it rockets to all-time highs.

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Marcos expands Cebu Ecozone, eyes 11,000 jobs

President Ferdinand R. Marcos Jr. has expanded the West Cebu Industrial Park–Special Economic Zone (WCIP-SEZ) by 64.7 hectares, a move expected to strengthen Cebu's position as a major industrial hub and support thousands of new jobs in the Visayas.

GenSan Airport partially reopened for relief flights after quake

Transport Secretary Giovanni Lopez has ordered the Civil Aviation Authority of the Philippines (CAAP) to lift its suspension of operations at General Santos Airport — but only for military, government, and humanitarian flights.

DICT eyes $30B AI investments under 7-year masterplan

The Department of Information and Communications Technology (DICT) aims to draw $30 billion in investments over seven years through its Philippines AI+ Infrastructure Masterplan (PAIIM 2033). Secretary Henry Rhoel Aguda said approval from the Economic Development Committee is targeted by July, with final institutionalization via an Executive Order afterward.

NEXTASIA raises ₱300M for southern expansion

NEXTASIA Land, Inc. has tapped the debt capital market for the first time, raising P300 million through an unsecured corporate note facility to fund residential projects and strategic land acquisitions in Southern Luzon.
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