Breaking AI & Tech News Analyzed

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.

Islamabad has re‑emerged as a pivotal conduit between Washington and Tehran, delivering a U.S. 15‑point cease‑fire proposal on March 25, 2026, as the US‑Israeli campaign against Iran enters its second month. Foreign Minister Ishaq Dar confirmed that Pakistan is transmitting the proposal, with Turkey and Egypt offering additional diplomatic backing. Chief US negotiator Steve Witkoff later verified Pakistan’s role as a messenger, and President Donald Trump announced a 10‑day pause on planned strikes against Iranian power plants, citing a request from Tehran. Iran has denied direct talks, yet the pause marks the second deferment of Trump’s original threat, underscoring Pakistan’s function as a key diplomatic facilitator in a high‑stakes conflict. The pattern is not new. In August 1969, President Nixon tasked Pakistan’s military ruler Yahya Khan with opening a channel to Beijing. Two years later, a secret flight carried U.S. Secretary of State Henry Kissinger from Islamabad to China, paving the way for Nixon’s historic 1972 visit and the eventual U.S. recognition of the People’s Republic of China. Analysts note that Pakistan’s unique position—maintaining working ties with both Washington and Beijing—made it the only trusted intermediary capable of handling such a sensitive mission, a view echoed by former ambassador Masood Khan. Beyond the Cold‑War episode, Pakistan has repeatedly leveraged its geography and Muslim‑world connections. It served as the primary conduit for U.S., Saudi and Chinese support to the Afghan mujahideen in the 1980s, helped broker the 1988 Geneva Accords that ended the Soviet occupation, and hosted the 2015 Murree talks between the Taliban and the Afghan government. During the 2020 Doha Agreement, Pakistani pressure on the Taliban was cited by U.S. envoy Zalmay Khalilzad as instrumental, though the rapid U.S. withdrawal and subsequent Taliban takeover left Pakistan’s long‑term interests ambiguous. Efforts to mediate Saudi‑Iran tensions have been less fruitful. In 2016, Prime Minister Nawaz Sharif’s shuttle diplomacy failed to produce a formal agreement, and a 2019 outreach by Prime Minister Imran Khan, prompted by President Trump, yielded no concrete outcome. When China facilitated the 2023 Saudi‑Iran rapprochement, Pakistan’s foreign office claimed it had laid the groundwork, but analysts still view the result as a Chinese‑led success. Pakistan’s brief 2005 overture to Israel, led by Foreign Minister Khurshid Mahmud Kasuri, similarly collapsed under domestic opposition, illustrating the limits of its diplomatic reach when internal politics intervene. Since the launch of Operation Epic Fury—the US‑Israeli air campaign that began in late February 2026 and resulted in the death of Supreme Leader Ali Khamenei—Pakistan’s leadership has intensified back‑channel activity. Prime Minister Shehbaz Sharif has held multiple calls with Iranian President Masoud Pezeshkian, while Army Chief Field Marshal Asim Munir spoke directly with President Trump. Both officials have also visited Saudi Arabia, where Pakistan signed a mutual defence pact in September 2025. Former ambassador Naghmana Hashmi observes that Pakistan’s diplomatic narrative is often eclipsed by conflict, yet a “quieter, more consistent thread” persists: the state’s effort to turn its strategic location and Muslim‑world ties into a lever for peace. Whether the current cease‑fire talks will yield a durable settlement remains uncertain. What is clear, however, is that Pakistan enjoys a rare blend of trust from Washington, Tehran and Gulf capitals—a leverage few regional actors possess.

Israel's military is facing a severe crisis, according to the country's opposition. The opposition has made a startling assertion that the military forces are 'in collapse,' raising alarms about the nation's defense capabilities and overall stability.The claims have significant implications for Israel's national security and could potentially impact the country's stance on various geopolitical issues. However, details about the specific challenges facing the military and the evidence supporting these claims remain unclear.The situation underscores the complexities and challenges Israel faces in maintaining its military strength and ensuring national security in a volatile region.

Balendra Shah, Nepal's youngest prime minister, has been officially sworn in following his party's decisive election victory that came after months of youth-led protests which resulted in the government's collapse in September.The rapper-turned-politician was appointed prime minister by President Ram Chandra Paudel on Friday, after his three-year-old Rastriya Swatantra Party (RSP) secured 182 seats in the 275-member parliament during the March 5 election. This vote marked Nepal's first election since the anticorruption Gen Z-led demonstrations that tragically claimed 76 lives.The 35-year-old leader made a distinctive appearance during his swearing-in ceremony at the President House, wearing black trousers, a matching jacket, his signature black Nepali cloth cap, and sunglasses, in the presence of diplomats and senior government officials.A day prior to his formal appointment, the new premier, better known as Balen, released his first public statement since the historic election through a rap song shared on social media platforms. Titled Jay Mahakaali (Victory to Goddess Mahakali), the song features lyrics such as 'Nepal is not scared this time, the heart is full of red blood … Laughter and happiness will reach every household this time.' The accompanying music video, showcasing large crowds cheering during his campaign, has garnered nearly three million views.'The strength of unity is my national power,' Shah raps in the track that emphasizes his political message of national cohesion.A former mayor of Kathmandu, Shah holds the distinction of being Nepal's first Madhesi premier – representing people from the southern plains bordering India – to lead the Himalayan nation.China extended its official congratulations to Nepal on Shah's swearing-in, with the Chinese Ministry of Foreign Affairs expressing support for its Himalayan neighbor in safeguarding its independence, sovereignty and territorial integrity.The political transition follows months of protests driven by widespread discontent over unemployment and systemic corruption in the nation of 30 million people. Approximately one-fifth of Nepal's population lives in poverty, with an estimated 1,500 citizens leaving the country daily for work abroad.Although Shah did not directly participate in the demonstrations, he publicly expressed solidarity with the largely Generation Z protesters who spearheaded the movement that brought down the previous administration.Political instability has long plagued Nepal, with 32 governments taking office since 1990, none of which have completed a full five-year term. The Nepali Congress party, the country's oldest political organization, secured only 38 seats in the recent election, placing it a distant second. The Communist Party of Nepal (Unified Marxist-Leninist) of KP Sharma Oli, who resigned following the Gen Z unrest, now controls 25 parliamentary seats.Former Chief Justice Sushila Karki had been leading the nation through the interim period preceding the parliamentary election that brought Shah to power.

The World Trade Organization (WTO) has convened a critical meeting in Yaounde, Cameroon, against a backdrop of global economic turmoil and rising protectionism. The organization is facing the threat of a 'disorderly collapse' if it fails to strike a new deal on global trade rules.WTO Director-General Ngozi Okonjo-Iweala warned that the old 'world order' is not returning, following a year of turmoil marked by US President Donald Trump's aggressive trade policies, including sweeping tariffs.“We will not get it back … We must look to the future,” Okonjo-Iweala said, emphasizing the need for a new approach. The global trading system is experiencing the 'worst disruptions in the past 80 years'.The US Trade Representative, Jamieson Greer, defended Trump's policies, stating that they were a 'corrective response' to a trading system that had overseen 'severe and sustained imbalances'. Greer argued that the 'new world order' would involve agreements between smaller groups, rather than waiting for consensus on a 'lowest common denominator'.The US is critical of the WTO's 'most-favoured nation' (MFN) principle, which governs 72 percent of global trade. China, however, defended the system, warning that abandoning MFN would open a 'Pandora's box'.The European Union signaled its desire to rethink MFN, citing concerns about China. UK Trade Minister Chris Bryant warned of potential fragmentation if no deal is reached on reforms, stating that ministers must 'get this week right' to avoid a 'disorderly collapse of the WTO'.

Oil prices have climbed higher amid fading hopes of deescalation in the Iran war following Tehran’s denial that talks with the United States are under way.Futures for Brent crude, the international benchmark, rose nearly 2 percent on Thursday to top $104 per barrel after Tehran dismissed reports of direct negotiations with US President Donald Trump’s administration.The rise comes after oil prices eased on Wednesday following reports that Trump had shared a 15-point plan for ending the war with Iran.Iranian Foreign Minister Abbas Araghchi said in an interview with state media aired on Wednesday that Tehran was not engaged in direct talks with Washington and has “no intention of negotiating for now”.White House Press Secretary Karoline Leavitt warned on Wednesday that Iran would be “hit harder” than ever before if Tehran did not accept military defeat.Iran’s effective closure of the Strait of Hormuz, a conduit for one-fifth of global oil supplies, and its attacks on energy facilities across the Middle East have prompted a surge in energy prices worldwide.Oil prices are up more than 40 percent compared with before the US and Israel launched strikes on Iran on February 28, prompting numerous countries to implement fuel rationing and other energy conservation measures.Market-watchers say prices are likely to rise further until shipping is free to traverse the strait, despite efforts by countries to bolster supply by tapping emergency stockpiles in coordination with the International Energy Agency.While Tehran has repeatedly claimed that the strait is open to ships that are not aligned with its enemies, daily transits have all but collapsed since the start of the conflict.Four vessels were tracked transiting the waterway via their automatic identification systems on Tuesday, down from an average of 120 daily transits before the conflict, according to maritime intelligence firm Windward.

Retailer Next has reported a £1.16bn pre-tax profit for the full year, with the Middle East conflict expected to add only £15m to fuel and air freight costs. This amount, which assumes a three-month disruption, is considered minimal and can be offset by savings elsewhere.Chief Executive Simon Wolfson added £8m to this year's profit forecast as a mechanical read-through from last year's outcome, indicating that trading had been “encouraging” in the UK and “strong” overseas until late February.The main concern for Next is the potential long-term impact of the conflict on supply chain resilience, freight rates, factory gate prices, and consumer demand. Wolfson emphasized that the company has no insight into the duration and implications of the conflict, stating, “As yet, we have no feel for the medium-term effects”.If higher costs persist, Next may put up prices, but this remains “a contingency, not a plan”. The company will provide a clearer view in its first-quarter update in May.Wolfson also offered nuanced insights, suggesting that consumer confidence may not have collapsed as much as some, like the British Retail Consortium, have claimed. He noted that UK consumers tend to react to actual higher prices, not the threat of them.Additionally, Next's spring-summer ranges are already in stores, online, and warehouses, minimizing the immediate need for adjustments. Any increases in fabric costs or production disruptions in Asian factories would mostly affect autumn-winter ranges.The stock market responded positively, with Next's shares rising 5% to £125.40. This resilience could indicate potential for a profit upgrade in May if the £15m in extra costs turns out to be the worst of it.However, no retailer will be immune if the energy price shock persists and the OECD's prediction of UK economic growth of just 0.7% this year materializes.

Iran has assured that 'non-hostile' vessels can safely pass through the Strait of Hormuz, a vital shipping route for about one-fifth of the world's oil and liquified natural gas supplies. The assurance comes amid a significant collapse in maritime traffic through the strait, which has contributed to a major global energy crisis.In a statement released through its mission to the United Nations, Iran specified that ships would be allowed to transit the strait 'provided that they neither participate in nor support acts of aggression against Iran and fully comply with the declared safety and security regulations.'The development follows a sharp decline in shipping traffic through the strait, with only about 5 vessels passing through daily, compared to an average of 120 daily transits before the US-Israel conflict began. This reduction has led to a surge in global energy prices, with Brent crude experiencing significant fluctuations.Iran's statement also mentioned that ships will be allowed to transit 'in coordination with the competent Iranian authorities.' The country has shared similar assurances with the International Maritime Organization (IMO), the UN body responsible for international shipping safety and security.The move comes as US President Donald Trump mentioned ongoing negotiations to end the conflict with Iran, despite Tehran's previous denials of talks. The situation remains complex, with global markets closely watching for any signs of resolution.

The ongoing conflict in Iran has sent shockwaves through global energy markets, with economies in Asia being hit particularly hard. The closure of the Strait of Hormuz, a critical passage for oil and gas shipments, has led to a 90% collapse in traffic through its waters. This has resulted in energy prices surging, affecting countries such as India, Nepal, and the Philippines.India has redirected liquefied gas supplies to households, limiting them to the plastics industry, while Nepal has rationed gas and the Philippines has trimmed the government workweek to four days. Bangladesh has closed universities and rationed fuel, highlighting the widespread impact of the conflict.The US economy has shown relative resilience, with the S&P; 500 index losing only 5% since the start of the conflict. This is attributed to the country's abundance of domestic natural gas, which satisfies about 36% of its energy needs and insulates it from international price fluctuations.However, this has led to accusations that the US is recklessly spreading havoc globally while suffering relatively little harm itself. The tariffs imposed by the US have also had far-reaching consequences, with economists concluding that US consumers and businesses are paying the majority of the costs.The International Monetary Fund has revised its growth forecasts, noting that the US economy has emerged largely unscathed, while prospects for economic growth in other countries have weakened. The World Trade Organization has warned that persistently high energy prices will slow merchandise trade growth and have a lopsided impact on growth, with North America potentially seeing a boost, while Europe and Asia are likely to be negatively affected.The conflict has also disrupted the oil and gas economy, with countries like Bangladesh, India, and Pakistan facing a drop in remittances from their citizens working in Gulf countries. Furthermore, the environmental impact of the conflict has been significant, with interest in coal being reinvigorated in Asia as a result of the energy crisis.The US's actions have raised concerns about its reliability as a partner in maintaining international stability, with erstwhile allies forced to accept that Trump's America is now a source of global uncertainty. The US's belligerence is unlikely to end soon, with tens of millions of Americans motivated by contempt for the rest of the world and a desire to assert US dominance.