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Philippine annual inflation slows to 6.8% in May
MANILA, June 5 : Philippine annual inflation stood at 6.8 per cent in May, below the previous month’s 7.2 per cent rate, driven mainly by slower increases in food and transport costs, the statistics agency said on Friday. • The consumer price index was below the 7.5 per cent median forecast in a Reuters po
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Asia tech stocks drop after Broadcom rattles AI trade and drags Wall Street names lower
Asian technology shares fell, tracking losses in U.S. semiconductor stocks after disappointing earnings Broadcom sparked a rotation out of AI-linked names.
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CNBC Daily Open: Chips are down — but not for the Dow
Iran-backed Hezbollah rejected the U.S.-backed ceasefire terms agreed between Israel and Lebanon, demanding a full Israeli withdrawal first.
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Giant hissing cockroaches among $200,000 worth of illegal insects seized in Australia
Authorities say the roaches, some as big as the palm of a hand, were likely sold as food for pet reptiles.
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US plans to fight flesh-eating screwworm outbreak with flies and dogs
The insect, which has been found in America for the first time since 1966, is a growing concern in the southern US.
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Australia collapse helps Pakistan to ODI series triumph in Lahore
June 5 : Pakistan tore through Australia’s middle and lower orders on their way to a four-wicket victory in the third and final one-day international in Lahore on Thursday, taking the series 2-1. * The tourists, who won the toss and elected to bat, made 157 in 42 overs with Pakistan reaching their modest vic
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Japan’s real wages extend gains, consumer spending decline slows in April
TOKYO, June 5 : Japan’s real wages climbed 1.9 per cent in April from a year earlier, government data showed on Friday, marking a fourth consecutive monthly gain, as higher special payments boosted overall earnings and improved household purchasing power.Here are a few details: • The Bank of Japan, w
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SpaceX blocked from early US benchmark index entry as S&P reaffirms existing rules
June 4 : S&P Global said on Thursday it was not changing the requirements for entry into its major indices, dealing a setback to Elon Musk’s SpaceX by effectively ruling out a swift entry for the world’s biggest-ever IPO into the benchmark S&P 500 index.Musk has rewritten the IPO playbook for SpaceX in man
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Anthropic calls for pause of global AI development
Getting a real pause to work would mean multiple major AI companies in multiple countries – most notably the US and China – all agreeing to stop at the same time, under rules everyone could actually verify, Anthropic said.
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Japan renews warning of ‘decisive action’ versus weak yen
TOKYO, June 5 : Japan is ready to respond appropriately at any time on foreign exchange and reserves the right to take “decisive action” against excessive volatility, Finance Minister Satsuki Katayama said on Friday as the yen hovered around the key 160-per-dollar.The remarks came as investors scrutinise for
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