House adds P5B to its own budget. What got bigger?
The increase comes after the lower chamber revised the President's proposal contained in the 2027 National Expenditure Program
· Dwight de Leon
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Malacañang urges scrutiny of proposed P7.2T national budget
MANILA, Philippines — Malacanang has urged budget watchdogs and civil society groups (CSGs) to help President Ferdinand Marcos Jr.Tie identify potential 'red flags' in the proposed P7.2 trillion 2027 national budget.
· Bernadette E. Tamayo
Texans vote in most expensive Senate race in US history
Pivotal Texas race for US Senate breaks spending records, with $573.2m poured into Paxton and Talarico campaigns.
· Joseph Stepansky
Albanese signals tighter spending after rate rise
Speaking from overseas, the prime minister also lashed out at the Coalition for not passing Labor’s existing savings measures.
· David Crowe
Clash intensifies between Tusk and Nawrocki over Poland’s top court
Prime Minister Tusk says overhaul of Constitutional Tribunal is vital to preserve EU-aligned rule of law, while President Nawrocki accuses him of a coup.
· Wojciech Kość
US tech giants' hidden AI debt swells 90% to $3.2tn in 6 months
Google, Meta, others' commitments and obligations reaches 80% of assets
· Staff Writer
Taylor defends Coalition opposition to Labor spending cuts after rate rise
Angus Taylor has defended the Coalition's opposition to Labor's attempt to slash the private health rebate for over-65s. Follow live.
· Joshua Boscaini
Berkeley Voters To Decide Whether To Initiate Public Bank With New Parcel Tax
Berkeley Voters To Decide Whether To Initiate Public Bank With New Parcel Tax Authored by Lear Zhou via The Epoch Times,Voters in Berkeley, California, will decide in the coming election whether to start a public bank using a new parcel tax as seed money in order to create long-term investments in affordable housing…
· Tyler Durden
Jewish groups say Birmingham City Council move to discuss 'divestment boycott' of Israel is illegal
A UKLFI spokesperson said, “Birmingham City Council cannot lawfully use public contracts, pension funds, and banking arrangements to pursue political campaigns.
· ALEX CARSON
Meta seeks to raise up to $25 billion in debt sale as AI spending jumps
Meta is aiming to raise between $20 billion and $25 billion in a bond sale as the company ramps up spending on infrastructure and AI models and services.
· Seema Mody, Jonathan Vanian
There are no good choices left for Albanese, only hard ones
Nothing is sticking for the government, which lost control of the economic narrative soon after the budget was handed down.
· James Massola
From a billionaires tax to abortion rights, voters will decide policy.
National political reporter
· Maia Spoto
Erik von Detten’s former employer is $60M in debt as child star battles elder abuse, fraud allegations
Rosland Capital, which sells precious metals to retail customers, claimed in the new docs obtained by TMZ that it owes over $60 million to creditors.
· Tamantha Ryan
Meta eyes at least $20B from dollar bond offering
META is eyeing at least $20 billion from a potential cross-border bond offering, Bloomberg News reported on Monday, with the tech giant tapping debt markets again to raise funds for its artificial intelligence (AI) infrastructure build-out.
· Reuters
Filhome Builders holds information sessions for architects
WITH Filhome Builders’ active support for the United Architects of the Philippines (UAP) Chapters this fiscal year, the Sales and Marketing team has been invited to conduct engaging information sessions with local architects and their valued guests.
· The Manila Times
How US midterms have cost a record $12bn as cost of living soars
Candidates, donors and super PACs are spending more than ever on political campaigns.
· Barbara Angopa
Senegalese lawmakers reject key budget in major setback for IMF talks
Dakar is hoping to secure a $2.2 billion three-year IMF bailout programme aimed at stabilising its public finances.
· AfricaNews
For Avelima’s family, every RBA rate hike means more shifts, a stretched budget – and less time together
Australian families feel like ‘the goalposts are constantly moving’ as they face the impact of a fifth interest rate riseGet our breaking news email, free app or daily news podcastSydney mum Avelima Satiu and her husband, Chris, each work two jobs to keep their household afloat. For the couple, every interest rate r…
· Achol Arok
Senate majority to strip 2027 budget of ‘corruption-prone’ items | The wRap
Here are today’s headlines – the latest news in the Philippines and around the world: Senator Ping Lacson says the
· grabaya0376
Millions of Americans crippled by medical debt despite relief efforts
Stopgap measure does not solve fundamental problem that millions can’t afford the healthcare they need, experts saySome of the millions of Americans who collectively owe billions of dollars for medical expenses have seen their debt forgiven in recent years, and there has been a dramatic uptick in aid this year.But t…
· Eric Berger
California school board members are quitting as budget cuts, political fights take toll: ‘daunting’
Ahead of Tuesday’s election, 62% of California school board races won’t appear on the ballot.
· Zain Khan
Citizen-led ballot initiatives seek to limit electricity firms’ political donations in Michigan
One motion considers reining in political spending while another proposes to municipalize the grid in sign of anger with datacenters and high billsTwo citizen-led ballot initiatives seek to rein in Michigan’s powerful electric utilities as residents say politicians have failed to address pressing issues around contr…
· Tom Perkins
US midterms to become most expensive election ever – monitor
The US midterms are on track to becoming the most costly in history, with campaign spending expected to reach almost $12 billion Read Full Article at RT.com
· RT
Zelenskyy to make unexpected visit to Berlin for talks with Merz – Europe live
Seven bomb threats have now been reported across Europe, all incidents have been confirmed as false alarmsBack to Poland, Warsaw Modlin airport says it has resumed operations after an earlier bomb threat – but a part of the airport where the London flight was parked remain closed and is being checked by security for…
· Jakub Krupa
Seoul shares dip over 3% amid escalating AI woes
South Korean stocks plunged more than 3 percent Tuesday, driven by heavy tech sell-offs amid escalating woes about massive artificial intelligence (AI) spending. The Korean won was trading higher against the US dollar. After opening 2.46 percent lower, the benchmark Korea Composite Stock Price Index extended losses …
· Yonhap
RBA and economists say government spending is boosting inflation
Both the Reserve Bank and economists say government spending is driving inflation.
Thailand to raise tax on imported EVs to 35% to spur local output
Levy overhaul likely to weigh on Chinese brands, help Japanese manufacturers
· APORNRATH PHOONPHONGPHIPHAT
Thailand to raise tax on imported EVs to 35% as Chinese brands gain ground
Higher levy aims to spur local output; likely to help Japanese manufacturers
· APORNRATH PHOONPHONGPHIPHAT
A response to Andy Burnham: We need an apology and reparations
It is good news the British PM is open to calls for an apology. But debt restructuring instead of reparations won’t do.
· Verene A Shepherd
Blackstone president calls for more equity to fund AI buildout as debt risks mount
Blackstone President Jon Gray says AI infrastructure needs more equity as debt investors face concentration risks amid massive spending plans.
· Matthew Tan
[Vantage Point] The bank Ginbee Go will inherit
Go’s tenure will be judged on whether the bank’s high-margin expansion delivered lasting enterprise value or merely postponed a reckoning with bad debt
· Kaye Cabal
David Jones facing 'alarming' financial speculation just before Christmas
Iconic department store David Jones is being forced to defend its future viability, as the Australian retailer faces speculation about store closures and disgruntled suppliers.
· Emilia Terzon
‘RHOBH’ star Sutton Stracke’s new man revealed after ex-husband blindsided her with annulment
Stracke has been been spending time with Kelly since the summer.
· Lanae Brody, Nate Grant
Foreigners' card spending in Seoul jumps nearly 58% to W8.84tr
Foreign visitors' card spending in Seoul jumped nearly 58 percent from a year earlier in the first nine months of 2026, driven by a record number of visitors, city government data showed Tuesday. Foreigners spent 8.84 trillion won ($6.57 billion) using credit and debit cards in Seoul from January to September, up 57…
· Yonhap
PM plans debt re-set for Commonwealth nations as slavery apology talks begin
The move comes as the prime minister begins talks about the UK issuing a formal apology for the slave trade in the next year.
· Bbcnews
Foreigners' card spending in Seoul jumps nearly 58 pct to 8.84 tln won
SEOUL, Nov. 3 (Yonhap) -- Foreign visitors' card spending in Seoul jumped nearly...
· KIM, SEONGHUN
LA voters back billionaire tax AND voter ID in surprising political crossover
On the eve of Election Day, many Los Angeles voters interviewed by the California Post revealed an unexpected political crossover.
· Matt Elias, Helen Zhao
Heightened security maintained as Undas travelers head home
MANILA, Philippines — The Philippine National Police (PNP) maintained heightened security at major transport terminals and key thoroughfares as millions of Filipinos began their return trips after spending this year’s “Undas” holidays with their families.
· Izel Abanilla
A coup in Poland? Here’s what the power struggle is really about
As Tusk and Nawrocki clash over Poland’s top court, here’s how debt, defense spending and dependence on EU funds shape the confrontation Read Full Article at RT.com
· RT
US midterms campaign 'shattering' spending records to be most expensive ever
The 2026 campaign is projected to cost nearly $12bn - BBC Verify looks into where all that money has come from.
· Bbcnews
Gavin Newsom pitches $1 billion Hollywood tax break — including credits for movie stars’ salaries
Before exiting stage right, lame-duck California Gov. Gavin Newsom wants to shower Hollywood with at least $1 billion in annual tax credits — including new breaks for productions covering movie stars’ salaries.
· Josh Koehn
‘Like a runaway train’: Private girls’ schools lead 2027 fee hikes
Non-government schools are pointing to increased staff costs and Victoria’s payroll tax as they hike fees well above inflation.
· Alex Crowe
Streeting has ‘total confidence’ UK will hit defense spending target
U.K. Defence Secretary Wes Streeting hit back at claims his party was not ramping up military spending.
· Mason Boycott-Owen
FIFA paying millions of embattled boss Gianni Infantino’s US tax bill: report
FIFA has reportedly been paying its embattled chief Gianni Infantino's US taxes, with the bill expected to reach about $4 million, without publicly disclosing the funds -- despite promises of transparency.
· Emily Lang
Too much spending or too little tax? Why interest rates are rising
The coalition has been blaming federal government spending for rising inflation and another impending rate rise for Melbourne Cup day, but the figures tell a different story.
· Ian Verrender
France Votes To Tax Big Tech By The Gigabyte - And Someone Just Bent The Barrel Back
France Votes To Tax Big Tech By The Gigabyte - And Someone Just Bent The Barrel Back France's National Assembly voted on Friday to tax the internet by the gigabyte. An amendment to the 2027 budget would charge every company that sends data to French internet subscribers €0.055 per gigabyte, and its Socialist authors…
· Tyler Durden
Senate majority united in purging budget
THE Senate majority bloc is united in stripping the proposed P7.2 trillion 2027 national budget of questionable and corruption-prone allocations, including projects inserted by lawmakers without proper vetting, Sen. Panfilo Lacson said.
· Catherine S. Valente, Kristina Maralit
DBM expects spending to accelerate in Q4
THE Marcos administration expects infrastructure spending to accelerate in the fourth quarter of this year as it works with implementing agencies to speed up project implementation and improve disbursements before the end of the year.
· Niña Myka Pauline Arceo
Investor confidence key to PSEi recovery
RESTORING foreign investor confidence through faster government spending and stronger governance reforms will be crucial to reviving the Philippine stock market, an analyst said, as the country’s economic slowdown and geopolitical uncertainties continue to weigh on investment sentiment.
· Nazylen Joy Mabanglo
Teenage girl rescued in Leyte after 911 call
PALO, Leyte — Police rescued a 16-year-old girl who reportedly wanted to return home after being prevented from leaving by her companions over an alleged debt, following a 911 emergency call on Sunday.
· Moises Cruz