BusinessWorld

Philippine telecoms operator Globe has restored internet services following a disruption to a subsea cable. The company confirmed services were back to normal, and local news outlets including BusinessWorld Online and Manila Standard reported the restoration. Subsea cable faults are a recurring risk for the Philippines, which depends heavily on undersea connections for international bandwidth.

Logistics startup SHIPZY has launched operations in the Philippines, according to BusinessWorld Online. The company is entering the country's logistics and delivery sector, which has drawn a wave of startup activity in recent years. Details on SHIPZY's services, funding and local partners have not yet been reported in depth.

Senior Federal Reserve deputies have moved to deliver a clear message to financial markets, according to BusinessWorld Online. The intervention by top Fed officials signals an effort to steady expectations about the central bank's policy direction and reassure investors amid uncertainty. Markets are watching closely for hints on the path of interest rates and the Fed's next steps.