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COP28 clashes over fossil fuel phase-out after OPEC pushback

Energy & Mining Reuters Reuters -
Countries clashed on Saturday over a possible agreement to phase-out fossil fuels at the COP28 summit in Dubai, jeopardising attempts to deliver a first-ever commitment to eventually end the use of oil and gas in 30 years of global warming talks.

Microsoft, OpenAI tie-up comes under antitrust scrutiny

Communications & Technology Reuters Reuters -
Microsoft's partnership with ChatGPT maker OpenAI is under US and UK antitrust scrutiny, the British regulator and a media report said on Friday, following the startup's boardroom battle that led to the sudden ouster and return of CEO Sam Altman.

China’s push to loosen Mao-era residence rules runs into hurdles

Markets Reuters Reuters -
In recent months, Chinese authorities have fanned hopes among some economists that the internal passport system that has largely tethered people's destinies to their place of origin since the 1950s may be in its dying days. A distressed property market and sluggish consumption have injected new urgency into a drive to loosen restrictions and grant more people the opportunities that urban registration affords.

Philippines receives $5.3 bln climate finance commitment from Canada

Environment Reuters Reuters -
The Philippines and the United Nations Development Program have secured Canada's commitment for $5.3 billion of climate finance, the president's office in Manila said on Wednesday.

ADB to provide $10 billion climate finance for Philippines

Environment Reuters Reuters -
The Asian Development Bank (ADB) said on Monday it will allot $10 billion in climate finance for the Philippines between 2024 and 2029.
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Cheaper rice helps case for extending price cap, DA chief says

Agriculture 0
Lower food prices, particularly rice, helped cool inflation in June, prompting Agriculture Secretary Francisco P. Tiu Laurel Jr. to push for the extension of the government's price cap on imported rice while sustaining efforts to keep food supplies ample and markets stable.

Media relations remains the ultimate trust signal for brands

Communications & Technology 0
In an era where a viral post can make headlines by breakfast and disappear by dinner, media relations remains one of the few assets that appreciates with time. Social media, influencer marketing, paid advertising, and artificial intelligence can amplify a message, but they cannot replace the credibility that comes from independent news coverage.

Filinvest Land turns over land for Bicutan transport hub

Property 0
Filinvest Land Inc. (FLI) has turned over a 6,000-square-meter property in Bicutan to the Department of Transportation, paving the way for the construction of the Bicutan Station, a key interchange that will link two of the country's biggest railway projects and reshape commuting across Metro Manila and Southern Luzon.

June inflation slows to 6.4%; rate hike risks linger

Economy 0
Inflation eased for a second straight month in June, offering consumers and businesses some relief from elevated prices, but a pickup in underlying price pressures could keep the Bangko Sentral ng Pilipinas (BSP) on course for another interest rate increase.
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