11h agoPhilippine Supreme Court Revokes China Pact, Triggering Drop in Energy StocksBloomberg News(Bloomberg) -- Philippine oil and gas drillers tumbled Wednesday after the top court voided the nation’s 2005 deal with China and Vietnam to jointly explore for oil and gas in the South China Sea, less than a week after President Ferdinand Marcos Jr. agreed to revive similar talks with Beijing.The retreat in PXP Energy shares followed a recent rally in anticipation of an exploration deal between Manila and Beijing “but the court ruling mooted it,” said Nicky Franco, research head at Abacus Securities Corp.“May this be a warning to Mr. Marcos not to trifle with the constitutional provisions that reserve the exploitation of our natural resources exclusively to Filipinos,” former lawmaker Teodoro Casiño, one of those who brought the tripartite deal to court, said on Twitter Tuesday.©2023 Bloomberg L.P.Top PicksU.S. air travel outage hits Canadian transborder flights: Air CanadaCanadian transborder flights were impacted Wednesday when the U.S. Federal Aviation Administration (FAA) grounded all domestic flights after a major computer outage earlier that morning.- 2:08Uber public policy head wants Ontario to move 'faster and further' on gig economyUber's vice-president and global head of public policy wants Ontario to speed up its efforts to deliver gig economy legislation and act on its pitch to boost gig worker benefits."