The Philippine central bank is running policy scenarios for a severe El Niño on top of the oil shock, with inflation at a three-year high.

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The Philippines central bank has warned that a potential “Godzilla” El Niño weather phenomenon threatens to ...

Oil prices have retreated as the U.S.-Iran war recedes, despite occasional skirmishes, but inflationary trends will continue to apply pressure from all sides. That will keep Wall Street on high alert ...

The Philippines braces for a potentially severe El Niño expected to peak from October to December and extend into early 2027, putting pressure on food supply, power systems, inflation, government ...