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World Economy Mar 28, 2026

Philippine transport workers rally over soaring fuel costs as President Marcos declares national energy emergency

Transport operators across the Philippines staged a two‑day strike demanding price controls as fuel…
Jeepney driver Arturo Modelo of Manila says his daily earnings have collapsed to roughly one‑third of the usual 600 pesos after fuel costs surged, leaving him unable even to afford his child’s lunch money.Modelo joined a two‑day transport strike on Thursday and Friday, hoping to make a “deaf government” listen to the plight of drivers who can no longer earn a living on the road.The iconic jeepney, born from repurposed U.S. military vehicles after World War II, remains the most affordable commuter option in the Philippines, yet its operators are now bearing the brunt of a global oil shock.Last week, jeepney owners walked out, and this week the protest expanded to include bus, taxi, minibus and motorcycle‑taxi drivers. Nearly a dozen national transport groups marched to the Presidential Palace demanding price caps on petrol and diesel, the removal of fuel taxes, and stricter regulation of the oil sector.Organised under the No to Oil Price Hike Coalition, the demonstrators also blamed “American aggression” against Iran for the domestic economic distress, with union chair Jerome Adonis likening the impact to “a bomb dropped on us”.In response, President Ferdinand Marcos Jr declared a national energy emergency on Tuesday night – the first such declaration in the country’s history. The emergency, set to last one year, grants the government powers to accelerate fuel procurement, curb hoarding and curb profiteering.Fuel prices remain among the highest in Southeast Asia: diesel is now about $2.3 per litre and petrol close to $2 per litre in the Philippines, versus $2.7 and $2.35 respectively in Singapore, while Malaysia, Vietnam and Thailand report roughly half those prices.To alleviate the burden, the administration has introduced a 5,000‑peso ($83) subsidy for motorcycle‑taxi drivers and other public‑transport workers, and disbursed 2.5 billion pesos (≈$414 million) in fuel subsidies to roughly 300,000 transport employees. Unions claim the sector employs about two million people, leaving many without aid.During the strike, picket lines appeared at 85 commuter terminals, and jeepneys were scarce on Manila’s usually congested streets. Authorities, however, argued that the action did not cripple the city’s transport network.Union leader Mody Floranda of the Piston group accused President Marcos of favouring oil companies, saying the president could issue an executive order to cap prices but has yet to act decisively.Energy officials note that 98 % of the Philippines’ crude oil is imported and that the country’s high 12 % value‑added tax, excise duties and a deregulated market – shaped by the Oil Industry Deregulation Law of 1998 – amplify price volatility. Professor Krista Yu of De La Salle University highlighted the nation’s limited refining capacity as a structural weakness.Chief economist Emmanuel Leyco warned that the law allowing industry‑driven price adjustments “is the main culprit”, especially as “half the population is poor”.Amid mounting pressure, Marcos signed legislation permitting the temporary suspension of fuel excise taxes when crude oil prices exceed a set threshold. Opposition lawmaker Renee Co urged that the 12 % VAT also be removed, calling both taxes “regressive” burdens on ordinary Filipinos.Co and other lawmakers have also filed a resolution demanding an immediate end to the U.S.‑Israel‑Iran conflict, linking regional geopolitics to the domestic fuel crisis.
#fuel #transport #oil
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Video Mar 28, 2026

US Secretary of State Hints at Swift Resolution to Ongoing Conflict

The US Secretary of State suggests that the ongoing war could conclude in a matter of weeks, rather…
The US Secretary of State has made a statement indicating that the ongoing war could conclude in 'weeks, not months', offering a glimmer of hope for a swift resolution to the conflict. The Secretary's comments have garnered significant attention, as they suggest a potential shift in the dynamics of the war.While details about the Secretary's statement are limited, the prospect of a rapid conclusion to the conflict has sparked optimism among some observers. The possibility of a negotiated settlement or a significant escalation in diplomatic efforts has raised hopes that the war could be brought to an end sooner rather than later.However, it remains to be seen whether the Secretary's comments will translate into tangible progress in the conflict. The path to peace often proves complex and fraught with challenges, and it is unclear what specific steps will be taken to achieve a swift resolution.
#secretary #state #says
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Politics Mar 28, 2026

Lebanon on Brink of Humanitarian Crisis as Israeli Attacks Displace Millions

The ongoing Israeli attacks on Lebanon have displaced nearly a quarter of the country's population,…
The Israeli attacks on Lebanon have pushed the country's population to the brink of a humanitarian crisis, with millions of civilians suffering and nearly a quarter of the population displaced. The conflict, which began four weeks into the US-Israeli war on Iran, has resulted in 1,094 deaths and 3,119 injuries in Lebanon, according to the country's Ministry of Public Health.The displaced are extremely frustrated and fatigued, with many feeling the pressure of deadly Israeli attacks, increasing petrol prices, and a general slowdown in business. The crisis has hit the most vulnerable populations, including migrant workers, Syrians, and those with chronic diseases.The humanitarian situation is dire, with women, children, and those with psychological issues suffering the most. The mass evacuation orders have resulted in a massive displacement crisis, with at least 1.2 million people displaced, according to the Lebanese government. The crisis has also had a significant impact on the country's healthcare system, with many women displaced from their healthcare networks.The never-ending trauma of the conflict has also taken a toll on the mental health of the population, with three in five people in Lebanon screening positive for depression, anxiety, or PTSD. The National Lifeline in Lebanon (1564) for Emotional Support and Suicide Prevention Hotline has seen a substantial increase in calls, with almost 50 calls a day, up from 30 a day during the 2024 Israeli attacks.
#Lebanon #Israel #United Nations
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Politics Mar 28, 2026

Nepal's New Prime Minister Unveils Unconventional National Address Through Rap

Nepal's incoming Prime Minister delivers a rap message to the nation ahead of swearing-in ceremony.
Nepal's new Prime Minister has taken an unconventional approach to address the nation. Ahead of the swearing-in ceremony, the PM chose to deliver a message through a rap. This unusual method has garnered significant attention and curiosity.The rap message, although not detailed in the provided content, signifies a departure from traditional political communication. It reflects the PM's intent to connect with the populace in a modern and relatable way.The swearing-in ceremony, a significant event in Nepal's political landscape, marks the beginning of the PM's tenure. The rap message has set the tone for an interesting and potentially innovative leadership style.
#Pushpa Kamal Dahal #Nepal #rap
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Politics Mar 28, 2026

FBI Foils Assassination Plot Against Palestinian Activist Nerdeen Kiswani

The FBI has foiled a plot to assassinate Palestinian activist Nerdeen Kiswani, 31, co-founder of Wi…
The Federal Bureau of Investigation (FBI) has successfully thwarted a plot to assassinate prominent Palestinian activist Nerdeen Kiswani, co-founder of the activist group Within Our Lifetime. According to authorities, a suspect, Andrew Heifler, 26, was taken into custody for allegedly planning to throw Molotov cocktails at Kiswani's home in New York City.Kiswani, 31, was informed by the FBI's Joint Terrorism Task Force on Thursday of a threat against her life. The arrest was the result of an undercover law enforcement operation. Heifler was reportedly part of an offshoot of the far-right Jewish Defense League (JDL), an extremist group known for violent attacks against Arab American activists during the 1970s and 1980s.New York City Mayor Zohran Mamdani condemned the incident, stating, 'We will not tolerate violent extremism in our city. No one should face violence for their political beliefs or their advocacy.' Heifler had planned to flee to Israel after carrying out the attack. Authorities recovered eight Molotov cocktails from his residence during a search.The incident highlights the increasing harassment and surveillance faced by Palestinian rights activists in the US, both from government authorities and far-right pro-Israel groups. Kiswani had previously reported receiving threats, stating that 'Zionist organizations like Betar and politicians like Randy Fine have encouraged violence against my family and me' for several months.This foiled plot is part of a broader pattern of heightened tensions and threats against Muslim and Palestinian communities in the US, with advocates noting an increase in hateful rhetoric from US lawmakers.
#FBI #Nerdeen Kiswani #Andrew Heifler
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World Economy Mar 28, 2026

Investors Bet on Trump's Iran Policy Reversals: The TACO Trade

The ongoing conflict between the US, Israel, and Iran has led to a phenomenon known as the TACO tra…
The conflict between the US, Israel, and Iran has entered its fourth week, with the Strait of Hormuz remaining effectively closed. This has led to a broadening of the global energy crisis, with the economic outlook darkening across Asia, Europe, and beyond.Japan has responded by releasing 80 million barrels of oil from its national reserves, enough to last for 45 days. The country's reliance on Middle Eastern crude oil imports stands at 90 percent.The Organisation for Economic Co-operation and Development (OECD) has warned that the conflict will have a significant impact on the UK economy, predicting inflation of 4 percent this year. UK Foreign Secretary Yvette Cooper has stated that Iran cannot be allowed to hold the global economy hostage.The uncertainty surrounding Trump's policy on Iran has led to the emergence of the TACO trade, an acronym that stands for Trump Always Chickens Out. This phenomenon refers to investors betting that the US president will back down from his threats, resulting in profits for those who bought in.Observers note that Trump's inconsistent messaging has created an opportunity for investors to bet on his policy reversals. For example, Trump extended his deadline for Iran to reopen the Strait of Hormuz from 48 hours to five days, and later promised to hold off from attacks on Iran's energy facilities for an additional 10 days. This type of about-face has opened the door to investors willing to bet that the US president will back down.Lena Komileva, chief economist at consultancy firm (g+)economics, notes that global markets have been less inclined to rebound after Trump's Iran-related policy reversals compared to similar shifts in response to his tariff policies. This is due to the complexity of the conflict and the unique objectives of the parties involved.
#trump #iran #list
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Politics Mar 28, 2026

Canada's New Bill C-12 Sparks Concerns Over Refugee and Migrant Rights

Human rights groups in Canada have condemned the newly passed Bill C-12, citing concerns that it wi…
In a recent development, human rights groups in Canada have strongly criticized the newly passed Bill C-12, which they claim will significantly undermine refugee and migrant rights in the country.The bill, which became law on Thursday, has been condemned by over two dozen organizations, including Amnesty International Canada, the Canadian Civil Liberties Association, and the Canadian Council for Refugees. These groups argue that the legislation will put thousands of individuals at risk of persecution, violence, and precarity.Key concerns about Bill C-12 include a new rule that will bar asylum seekers from getting a full hearing at an independent tribunal if they make their applications more than one year after entering Canada. Instead, they will have access to a pre-removal risk assessment, which rights groups say offers fewer protections.The bill also grants the government the power to cancel immigration documents, including permanent or temporary resident visas, and work or study permits, if it deems it in the “public interest” to do so. Critics argue that this will lead to mass cancellations of immigration documents and applications.“This government is replicating US-like anti-migrant sentiment and policies in Canada,” the rights groups said in a statement. They also expressed concerns that the bill will facilitate the sharing of personal information within and outside the country.The Canadian government has justified the legislation as part of a wider effort to reduce pressure on a strained immigration system and bolster border security. However, the United Nations Human Rights Committee has warned that Bill C-12 “may weaken refugee protection”.Refugee advocates say they will continue to push back against the legislation, citing concerns that it will fuel anxiety and fear among refugees and migrants. “People are here to work, to get out of [difficult situations],” said Flavia Leiva of the Welcome Collective refugee rights group. “We can’t forget that refugees are people who fled extremely difficult situations and who can’t go home.”
#Canada #Bill C-12 #Immigration and Refugee Board
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Politics Mar 28, 2026

El Salvador's Emergency Decree Leaves Thousands of Children Orphaned

El Salvador's emergency decree has resulted in thousands of children being left without parents, sp…
El Salvador's emergency decree, implemented to combat gang violence, has had a devastating impact on the country's most vulnerable population: its children. Thousands of minors have been left without parents due to the aggressive measures taken by the government. The decree, which grants the military and police sweeping powers to detain and prosecute suspected gang members, has led to widespread arrests and alleged human rights abuses. Many of those detained have been parents, leaving their children without caregivers. Human rights organizations have expressed deep concern about the welfare of these orphaned children, warning of a potential humanitarian crisis in the making. The situation highlights the need for a balanced approach to addressing gang violence while protecting the rights and well-being of all citizens, especially the most vulnerable.
#El Salvador #Nayib Bukele #Emergency Decree
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Sports Mar 28, 2026

Northampton Saints Seal Top-Four Spot in Premiership Rugby

Northampton Saints have secured their spot in the top four of the Premiership Rugby table after a h…
Northampton Saints have effectively sealed their place in the Premiership Rugby semi-finals with a 24-15 victory over Saracens at Tottenham Hotspur Stadium. The win sees them open up a six-point lead at the top of the table.The match got off to a dramatic start, with Northampton's Archie McParland scoring two tries, including the decisive one in the 78th minute. Saracens, under the guidance of departing coach Mark McCall, fought back from 14-0 down but ultimately fell short.Tobias Elliott impressed for Saracens, scoring a try and showcasing his skill with some impressive runs. However, it was not enough to secure the win for his team. Charlie Bracken also made a notable appearance, displaying his passing skills inherited from his father, Kyran Bracken.The result means Northampton are well on their way to securing a home semi-final, while Saracens' hopes of making the playoffs are now extremely slim. The focus for Saracens now shifts to their European campaign, as they prepare to face Bath in the last 16.Despite the outcome, McCall was optimistic about his team's performance, stating, “It’s absolutely gutting to lose, but I’m not gutted about the way we lost. We fought back magnificently.”
#Northampton Saints #Saracens #Premiership Rugby
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