A U.S. federal trade court has struck down most of President Donald Trump’s sweeping “Liberation Day” tariffs, dealing a significant legal and political blow to one of his signature economic policies.
US President Donald Trump signed an aggressive "Reciprocal Tariff" policy on Wednesday, escalating tensions and increasing the likelihood of a trade war that could slow global economic growth.
The European Union (EU) is taking part in the Philippine Space Week for the third consecutive year, with the 2026 edition set to run from 8 to 14 August under the theme “Navigating Tomorrow”. The EU and the Philippines maintain a strong partnership through the Global Gateway initiative, with a key focus on applying knowledge and technology from Copernicus, the Earth Observation arm of the EU’s space programme. The partnership has already established the first Copernicus Data Centre in Southeast Asia in the Philippines, which is now growing into a regional hub.
San Miguel Food and Beverage Inc. (SMFB) reported Wednesday that its net income fell 4 percent to P22.1 billion in the first half of the year, down from P22.96 billion in the same period last year. The decline came as higher commodity prices, slower economic growth, and global supply chain issues reduced consumer spending and hurt some export markets.
Artificial intelligence is projected to unlock US$50.7 billion in economic value for Philippine businesses by 2030, driving growth and competitiveness. While most firms have started using AI, 65 percent remain stuck in pilot stages due to gaps in infrastructure, system integration, and skilled talent.