The United States has warned that its military will intervene if China carries out an armed attack on Philippine armed forces, public vessels, or aircraft, including those of the Coast Guard in the South China Sea.
The warning from the State Department came in the wake of Chinese Coast Guard's reported use of laser devices against the crew of a Philippine Coast Guard ship in the South China Sea last week.
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Political News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.