Author: Press Room

Differences in energy exposure are also shaping responses.Countries like the Philippines and Vietnam are more reliant on Middle Eastern energy imports, while others such as Indonesia, Malaysia and Thailand have greater domestic capacity and are focusing on subsidies and price controls, Patton noted. For example, cities across Metro Manila have rolled out energy-saving measures like reducing fuel allocation for government vehicles.WHAT OUTCOMES TO EXPECTGiven these differences, analysts said expectations for major coordinated measures remain modest, with national-level responses likely to dominate the summit.“With ASEAN, it’s always about the process rather than the destination. You can’t necessarily expect ASEAN to produce a really…

United States Secretary of State Marco Rubio told reporters on Tuesday that Operation Epic Fury – the US-Israeli strikes on Iran which commenced on February 28 and prompted a regional conflict – had concluded as its objectives had been achieved. Washington now prefers “the path of peace”, Rubio said.On the same day, US President Donald Trump announced that the US military operation to escort stranded ships out of the Strait of Hormuz – “Project Freedom”, which was launched the day before – had been paused.So, does this mean the US-Israel war on Iran is over?What did Rubio say about Operation…

Commerce Secretary Howard Lutnick is scheduled to be questioned Wednesday before the House Oversight Committee as part of its investigation related to Jeffrey Epstein.Lutnick’s voluntary closed-door deposition comes amid a monthslong procession of powerful people summoned before the committee, many of whom have been subjected to embarrassing revelations in the more than 3 million pages of records known as the Epstein files.The files show Epstein and Lutnick were in business together as recently as 2014, each investing in a now-defunct advertising company called Adfin. The files also revealed that in 2012, Lutnick, his wife, Allison, and their children visited Little…

President Donald Trump walks from Marine One to board Air Force One at Ocala International Airport, in Ocala Fla., Friday, May 1, 2026, after speaking at an event in The Villages, Fla. (Matt Rourke/AP Photo) NEWYou can now listen to Fox News articles! Good morning and welcome to Fox News’ morning newsletter, Fox News First. And here’s what you need to know to start your day …TOP 31. Trump announces temporary pause of ‘Project Freedom’ amid progress toward Iran deal2. Former Dem senator ousted in 2024 wins primary in rebound bid that could flip majority3. Patel accuses FBI of lying…

NEWYou can now listen to Fox News articles! Detroit Tigers pitcher Framber Valdez drew the ire of his own manager on Tuesday night after he hit Boston Red Sox batter Trevor Story with a pitch in the fourth inning, causing the benches to empty.Valdez struck Story after allowing home runs to Willson Contreras and Wilyer Abreu. Valdez’s pitch to Story’s body came in at 94 mph. Story stared down Valdez as Tigers catcher Dillon Dingler and home plate umpire Adam Beck got in between the two.ZERO BS. JUST DAKICH. TAKE THE DON’T @ ME PODCAST ON THE ROAD. DOWNLOAD NOW!…

Golf fans should not assume Bryson DeChambeau will simply return to the PGA Tour if the breakaway LIV league winds up, with the US star offering other ideas.

BEJING/TAIPEI: China said on Wednesday (May 6) Eswatini’s leaders were being “kept and fed” by Taiwan, using unusually strong language to condemn the small southern African kingdom for hosting President Lai Ching-te.China and Taiwan have long traded accusations of “dollar diplomacy” to win support from developing countries.Beijing’s latest criticism came after Lai returned home on Tuesday from a surprise trip to the former Swaziland, one of just 12 countries with formal diplomatic ties to the democratically governed island claimed by China.Beijing views Lai as a “separatist” and has demanded that other countries refuse to deal with his government or host…

Kingdom announces sharp rise in budget shortfall amid the effective closure of the Strait of Hormuz.Published On 6 May 20266 May 2026Saudi Arabia has posted a sharp rise in its budget deficit amid declining oil revenues due to the effective closure of the Strait of Hormuz.The kingdom’s budget shortfall widened to 125.7 billion riyals ($33.5bn) in the first three months of the year as rising government spending coincided with a fall in crude sales, according to the latest budget figures released by the Saudi Ministry of Finance on Tuesday.Recommended Stories list of 4 itemsend of listTotal government spending rose 20…

NEWYou can now listen to Fox News articles! The House Oversight Committee’s probe into late sex offender Jeffrey Epstein is turning focus to another high-profile Trump administration figure this week.Commerce Secretary Howard Lutnick is voluntarily appearing before the congressional panel on Wednesday for a transcribed interview regarding his prior relationship with Epstein, who died by suicide in 2019 after being indicted on federal sex trafficking charges.Lutnick’s agreement to speak to the committee came after Rep. Nancy Mace, R-S.C., pledged to force a vote to subpoena his testimony.It is unclear how many lawmakers will attend, as the House of Representatives is…

Ripple CEO Brad Garlinghouse is in the news after he used his XRP Consensus 2026 stage to do something unusual. He explicitly says, “I’ve never been an XRP maxi,” adding directly, “I want Bitcoin to succeed.” The remarks land as BTC reclaims $81,000. Ripple CEO Brad Garlinghouse at Consensus 2026:“I’ve never been an XRP maxi. It’s not going to be a one-chain world it’s going to be a multi-chain world. I want to see Bitcoin succeed.”He emphasized that tribalism is damaging to the crypto industry and called for greater… https://t.co/iJmuyWypck pic.twitter.com/wYuqAApYW7— 𝗕𝗮𝗻𝗸XRP (@BankXRP) May 5, 2026 Ripple executive publicly backing…