China-Philippines tensions simmer after Beijing rebukes Manila over Seoul clash

08 September 2026, South Korea, Seul: Gilberto Teodoro (right), the Philippine Secretary of Defense, is participating in the Seoul Defense Dialogue. Thomas Maresca | Picture Alliance | Getty Images China-Philippines relations took a fresh hit after Beijing warned Manila to stop “theatrics,” following a top government official’s sharp rebuke to China at a recent defense…

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Iran oil shock stirs memories of 1997 Asian Financial Crisis — but here’s why history may not repeat itself

A month into the worst oil supply disruption since the 1970s Arab embargo, the economic pain spreading across Asia is reviving an uncomfortable question: Could this be 1997 all over again?  The parallels are hard to ignore. Asian currencies are under pressure, fueling the risk of capital outflows. Spiking energy costs have pushed governments to…

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How U.S.-EU trade deal impacts imports

18 July 2025, Bremen, Bremerhaven: Containers are handled at the overseas port. Picture Alliance | Picture Alliance | Getty Images A tariff simulator shows a dramatic drop in global exports to the U.S. as a result of President Donald Trump new trade deal with the European Union. On Sunday, Trump announced a trade deal with the EU, following…

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