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JPMorgan CEO: US stagflation possible

NEW YORK CITY: JPMorgan Chase Chief Executive Officer Jamie Dimon said he’s hopeful the US Federal Reserve can bring down inflation without causing a recession but wouldn’t rule out more troubling possibilities, such as stagflation. In an interview with The Associated Press at a Chase branch opening in The Bronx, …

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Blinken warns China: Deescalate WPS tensions

US Secretary of State Antony Blinken NSC: Beijing invented new version of ‘Ayungin deal’ US Secretary of State Antony Blinken said he warned China directly about its assertive moves around the Philippines and vowed to defend its oldest treaty ally in the region. “I made clear that while the US …

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China Navy ships shadow Balikatan vessels

WEST PHILIPPINE SEA—Two Chinese Navy spy ships shadowed Philippine and American vessels during the Balikatan exercises as they sailed at the westernmost portion of Palawan on Saturday.  During the formation drills of the BRP Ramon Alcaraz, BRP Davao del Sur and USS Harpers Ferry, a spy ship of the People’s …

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Defense chief dismisses anew ‘agreements’ with China on SCS

SIMULATION. BRP Ramon Alcaraz officers conduct flight quarters procedure before takeoff of the Philippine Navy AW-109 helicopter. Naval ships participating in the multilateral maritime exercise of the 39th “Balikatan” successfully conducted a simulated replenishment at sea on Friday (April 26, 2024) in Palawan waters. (Photo courtesy of Western Command) MANILA – The …

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