Jeepney drivers in Manila strike over surging fuel costs

9 articles · Updated · Nikkei Asia · Apr 24

The strike occurred last month as fuel prices soared following the Strait of Hormuz closure and record stock market highs in Tokyo and Seoul.
Economists warn that the widening gap between booming markets and rising living costs could lead to stagflation, combining slow growth with high inflation.
AI-driven stock rallies contrast with economic pressures on transport workers, highlighting uneven benefits and growing concerns about inflation's impact on everyday livelihoods.

Can AI's productivity boom arrive fast enough to avert a global stagflation crisis?

Trapped by stagflation, will central banks sacrifice economic growth to finally tame rising prices?

As AI displaces jobs and inflation soars, what does the new social safety net look like?

What long-term damage will the Hormuz standoff inflict on energy-dependent economies?

As AI's immense energy thirst grows, will the global tech race derail climate change goals?

With nations prioritizing security over efficiency, is the era of cheap global goods over?