The Philippines have allowed the United States to set up four additional military bases in the country, providing U.S. forces with a strategic advantage on the South China Sea.
The expanded access to Philippines bases gives Washington a boost in its efforts to counter China, especially to monitor the Chinese activities in the South China Sea and around self-ruled Taiwan.
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Political News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.