A state of national energy emergency has been declared in the Philippines in the wake of energy supply crisis triggered by the Middle East war.President Ferdinand Marcos Jr. said that there was an "Imminent danger" to the "availability and stability of the country's energy supply," but he is working to secure new sources of oil.In a televised address late Tuesday, he told the nation that the gover...
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Business 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.