The Philippine economy faces fragility due to internal political turmoil, a corruption scandal, energy shocks, and extreme weather, despite inflation easing to 6.4% in June. ING's report highlights ongoing economic pressures, suggesting the central bank may not yet declare victory over inflation.
Tropical Storm Bertha made landfall in St. Bernard Parish, Louisiana, with 45 mph winds, causing widespread closures and minor flooding across the Gulf Coast. Forecasters expect it to weaken inland in Texas by Friday, with manageable impacts for coastal communities.
Ethereum (ETH) tested $1,950, triggering $62 million in liquidations, aligning with a broader market rally. Despite record staking reducing sell pressure, weak onchain activity and low DEX volumes signal trader caution, with future gains potentially hinging on external catalysts like corporate earnings.
Tropical Storm Bertha is forecast to bring flooding and strong winds to the U.S. Gulf Coast from the Florida Panhandle to Louisiana, prompting communities to distribute sandbags and close beaches. Bertha is expected to make landfall Wednesday night southeast of New Orleans.
A joint US-Canada ceremony for the Gordie Howe International Bridge opening was canceled after President Trump announced 50% tariffs on Canadian goods, escalating trade tensions. Canada plans its own ceremony, while the bridge is still expected to open July 27.
Ether tested $1,950, liquidating bearish positions, but weak onchain activity and low DEX volumes suggest trader caution. Record staking at 34% reduces sell pressure, yet sustained upside depends on broader market sentiment and upcoming corporate earnings.
Goldman Sachs warns Brent crude could surpass $120 a barrel if Strait of Hormuz disruptions continue, though it's not their central forecast. For India, which imports most of its oil, a sustained rally would worsen inflation, weaken the rupee, and increase import costs.
At least 10 people, nine women and one man, sustained minor injuries when a Citybus 952P crashed into a barrier on the Kowloon-bound carriageway of Tuen Mun Road near Sham Tseng, shattering its windscreen and windows.
Happy Broccoli Games is developing "Apple Crumble," a mystery game inspired by "Knives Out" where players investigate a family home to solve a grandma's attempted murder. The game, mechanically distinct from their previous title "Duck Detective," will feature a shifting tone from comedic to serious as development progresses towards voice actor recordings.
Golf-ball-sized hailstones and severe thunderstorms have struck parts of France, Germany, and Poland, causing flooding and damage to property and agriculture. Concurrently, monsoon flooding in Bangladesh has killed at least 53 people, affected a million, and caused widespread disruption and displacement.
The Trump administration delayed the opening of the $4.7bn Gordie Howe International Bridge between Detroit and Windsor, Ontario, a move critics allege was a quid pro quo for a billionaire donor who owns a competing bridge. The bridge, paid for by Canada, is now set to open on July 27 after a deal was reached.
Wildfire smoke from Ontario and Minnesota affects US mid-Atlantic, northeast, Midwest, and Great Lakes, causing poor air quality, health concerns, and event disruptions, with some relief possible by Sunday.
A boat tragedy off Vietnam's Hon May Rut Ngoai island killed 15 Indian tourists. Eyewitnesses blame crew negligence and delayed rescue/medical care for the deaths, stating the speedboat capsized rapidly in rough seas. 17 others were injured, with one critical.
Severe microbursts with wind gusts of 60-70 mph caused widespread damage across Philadelphia and surrounding counties on Saturday afternoon. The storms downed trees, power lines, flooded streets, and damaged buildings, including a partial roof collapse at a housing authority apartment complex. Officials declared a Disaster Emergency and are working on recovery efforts.
Kelela's new album 'New Avatar' blends R&B with shoegaze and rock, marking a significant artistic reinvention. The artist discusses her evolving sound, influences from indie rock and progressive metal, and her commitment to a Black queer feminist vision.
Tropical Storm Bavi made landfall in eastern China, bringing heavy rain and strong winds after nearly two million people were evacuated. The storm, the strongest to hit China this year, caused widespread disruption to transportation, including flight and train cancellations.
VP Vance is strategically positioned in Iran ceasefire talks, aiming to gain political capital regardless of the outcome. While some see his efforts as altruistic, others are skeptical, particularly regarding the impact on gas prices. The ceasefire's failure is attributed to Iranian actions, with Vance emphasizing a strong response.
The Gordie Howe International Bridge connecting Detroit and Windsor, Ontario, will open on July 27, following a delay caused by former President Donald Trump's trade dispute with Canada. The agreement, supported by the U.S. government, resolves outstanding issues over bridge ownership and revenue sharing.
Thames Valley police investigating Prince Andrew may travel to the US to speak with the family of his accuser Virginia Giuffre. Giuffre's brother and sister-in-law are in contact with detectives regarding allegations against the former Duke of York, who denies the claims.
Detectives investigating Prince Andrew will travel to the US to speak with Virginia Giuffre's family. Thames Valley police want to interview Giuffre's brother and sister-in-law about her allegations of sexual assault against the former Duke of York, who denies the claims.
Thames Valley police are reportedly traveling to the US to interview relatives of Virginia Giuffre, who accused Prince Andrew of sexual assault. Giuffre, who died last year, had alleged misconduct involving Jeffrey Epstein. The former Duke of York denies the allegations.
At least 12 people died in a wildfire in southern Spain, with four found in a burnt car and seven after fleeing on foot. Authorities suspect a fallen power line may have sparked the blaze, which spread rapidly. Residents were advised to evacuate or stay indoors, but some attempting to flee via an unrecommended route were trapped.
Super Typhoon Bavi is forecast to pass very close to Japan's remote Sakishima Islands early Saturday. Residents are preparing by boarding up windows and stocking supplies, while airlines have cancelled over 260 flights and nearly 900 buildings in Okinawa prefecture are without power.
The High Pay Centre (HPC), known for its analysis of executive pay and the pay gap, is set to close due to the termination of its funding by the Financial Fairness Trust, now renamed Aberdeen Group Charitable Trust. This closure highlights a broader trend of reduced funding for social justice research, influenced by a shift away from DEI/ESG initiatives.
