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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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Petron’s Bataan terminal expansion set for public scoping

The DENR-EMB will hold a public scoping on June 17, 2026, for Petron’s proposed expansion of its fuel terminal in Limay, Bataan.

Power restoration underway; agri damage still reported after Sarangani quake

Efforts to restore power and assess the impact on farming continue following the magnitude 7.8 earthquake that struck Sarangani and nearby areas on Monday, according to the Department of Energy (DOE) and Department of Agriculture (DA).

New Manila International Airport’s first runway ready by 2028

San Miguel Corp. on Tuesday confirmed that the first runway of the New Manila International Airport in Bulakan, Bulacan will be operational no later than the second quarter of 2028, even as other parts of the project face adjusted timelines.

RACE program revival could boost ICE vehicles

The government is weighing a revival of incentives for internal combustion engine (ICE) vehicle manufacturers under the Revitalizing the Automotive Industry for Competitiveness Enhancement (RACE) program, signaling a more technology-neutral approach to supporting the Philippine automotive sector.
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