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What to expect when Biden meets Xi Jinping in San Francisco

U.S. President Joe Biden and Chinese President Xi Jinping will meet on Wednesday before a summit of the Asia Pacific Economic Cooperation (APEC) forum in San Francisco, seeking to reduce friction in what many see as the world's most dangerous rivalry. The leaders of the world's two largest economies have known each other for over a decade and have shared hours of conversation in six interactions since Biden's January 2021 inauguration. But they have met only once in person since then and Xi has not visited the United States since 2017 when Donald Trump was president.

With manufacturing loans rising, can China avoid a new supply glut?

China's leaders, determined to upgrade manufacturing, are steering money toward makers of high-tech products, from semiconductors to EVs, raising fears that overcapacity will fuel...

Dubai to showcase demand for jets under shadow of Mideast tensions

Dubai will stage its high-profile aerospace pageant next week against the backdrop of the Israel-Hamas war in Gaza that is pushing up demand for weapons while closing airspace and making flights longer and more expensive for some airlines.

Moody’s turns negative on US credit rating, draws Washington ire

Moody's on Friday lowered its outlook on the U.S. credit rating to "negative" from "stable" citing large fiscal deficits and a decline in debt affordability, a move that drew immediate criticism from President Joe Biden's administration.

OpenAI investors see more startup opportunities despite ChatGPT expansion

OpenAI's announcement on artificial intelligence "apps" do not spell the death knell for nascent startups building AI products, two OpenAI investors said at a Reuters NEXT conference on Thursday.

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Alsons Power turns Sarangani diesel plant into 98.7 MW solar facility

Alsons Power has announced a major shift toward green energy by converting its 55-megawatt (MW) diesel power plant in Alabel, Sarangani, into a 98.7-megawatt solar power facility.

Globe bolsters Philippine ASEAN 2026 hosting with major connectivity push

The Philippines successfully hosted the first quarter of the 2026 ASEAN-related events backed by a massive digital infrastructure push from telecom giant Globe, marking a significant milestone in public-private collaboration for national development. Working in tight coordination with the Department of Information and Communications Technology, the National Telecommunications Commission, and the ASEAN National Organizing Council, Globe proactively deployed free mobile signal enhancements, optimized network capacities, and rolled out targeted 5G coverage across key venues in Metro Manila, Cebu, Bohol, Iloilo, and Boracay. This nationwide initiative ensured that international delegates, organizers, and media experienced seamless, high-speed communication throughout the high-profile regional summits.

Most Filipinos lack emergency savings despite rising financial literacy

A stark divide has emerged between what Filipinos know about money and how much they have actually saved, prompting proactive workplace interventions. According to the Bangko Sentral ng Pilipinas 2025 Consumer Finance and Inclusion Survey, basic financial literacy among Filipino adults has risen to 74 percent, up from 69 percent in 2021. However, this knowledge has not yet translated into financial security, as a worrying 30 percent of Filipinos report having enough savings to weather an emergency or sudden income loss, and fewer than half are satisfied with their current financial state.

PLDT secure indigenous approval for Palawan undersea cable project

Telecom giant PLDT Inc. has officially secured the backing of the Tagbanua Indigenous Cultural Communities (ICC) for its new undersea fiber-optic project, clearing a major path to boost internet reliability across Palawan.
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