The United States and the Philippines signed a civil nuclear cooperation agreement.
Commonly known as a "123 Agreement," the key deal was signed at the Asia-Pacific Economic Cooperation (APEC) Summit in San Francisco.
Upon entry into force, the agreement will facilitate and enhance the two allied nations' cooperation on clean energy security. The signing of this agreement marks the successful culmination of the negotiation process launched by Vice President Kamala Harris during her visit to the Philippines in November 2022.
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Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.