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  • Bangla Foreign Minister Khalilur Rahman Elected As UN General Assembly President June 03, 2026 13:09 ET

    Bangladeshi Foreign Minister Khalilur Rahman has been elected as the President of the UN General Assembly's 81st session. He defeated Andreas Kakouris of Cyprus in a closely contested vote on Tuesday, positioning himself to steer the world body through a pivotal year marked by intensifying global crises, UN reform efforts and major leadership transitions. In a secret-ballot election, Rahman secur

  • CDC Warns Of Risks For People Travelling Abroad For Cosmetic Procedures June 03, 2026 08:48 ET

    A study published in CDC's Emerging Infectious Diseases journal Tuesday highlights a growing concern for adverse outcomes from patients who have traveled abroad to undergo cosmetic procedures. The findings underscore the need for patients considering medical procedures abroad to fully understand the...

  • American Families And Workers Claimed $82 Bln In Tax Relief: Treasury June 03, 2026 08:12 ET

    Through the April tax filing deadline, American families and Workers have claimed $82 billion in individual relief directly from the Working Families Tax Cuts, the Department of the Treasury's new analysis of this past tax filing season confirms. 97 percent of filers received a tax cut this past filing...

  • Trump Signs Order To Promote Advanced AI Innovation And Security June 03, 2026 07:56 ET

    President Donald Trump has signed an Executive Order to advance American artificial intelligence innovation to strengthen the nation's cybersecurity, protect critical infrastructure, and ensure the United States remains the global leader in AI innovation. The Order directs appropriate agencies to prioritize the cyber defense of National Security Systems, Department of War information systems, an

  • Kuwait Airport Hit By Iranian Drones As US Conducts New Strikes June 03, 2026 06:26 ET

    In one of the most serious violations of the ceasefire, Iran launched missiles at Kuwait and Bahrain and the United States conducted fresh attacks on Qeshm Island, calling it "self-defense strikes." A series of exchange of fire Tuesday night was apparently triggered by the US military using a Hellfire missile to hit an unladen oil tanker sailing toward an Iranian port on Kharg Island on the Arabi

  • British Paralympian Could Become First Astronaut With Disability To Enter Space June 02, 2026 08:47 ET

    British Paralympic sprinter and surgeon John McFall is set to become the first physically disabled astronaut to enter the aerospace. John, an NHS surgeon who lost his right leg in a motorcycle accident at the age of 19, was selected by the European Space Agency in 2022 for its ground-breaking Fly! Project, which is pioneering the inclusion of astronauts with physical disabilities in long-duration

  • NASA Research Aircraft To Conduct Low-Altitude Flights Near Houston June 02, 2026 08:09 ET

    NASA's research aircraft will conduct a number of low-altitude flights near Houston this month. Five C-20A research aircraft will support a Student Airborne Research Program mission out of Ellington Field in Houston. NASA said that flights are expected from June 3 to 13. During the mission, select...

  • US To Mint World Cup 2026 Commemorative Coins June 02, 2026 07:30 ET

    The U.S. Department of the Treasury and United States Mint have announced the upcoming production of the FIFA World Cup 2026 commemorative coins. Under the FIFA World Cup 2026 Commemorative Coin Act, the Mint will produce $5 gold, $1 silver, and half-dollar clad coins celebrating the 2026 football tournament, which kicks off later this month. Mint plans to make a maximum of 100,000 Gold $5 coins

  • US Cuts Steel, Aluminum Duty For Companies That Heavily Utilize American Metals June 02, 2026 06:26 ET

    President Donald Trump has signed a Proclamation reducing import duty to 10% on steel, aluminum, and copper for foreign companies that heavily utilize American metals. Under the new U.S. trade policy, foreign products qualify for this reduced, preferential tariff rate if they contain at least 85 percent U.S.-melted/poured steel or smelted/cast aluminum and copper by weight. This preferential 10

  • Denmark's Frederiksen To Form Center-left Coalition Govt. June 02, 2026 06:06 ET

    After weeks of intense negotiations, Denmark's acting prime minister Mette Frederiksen has announced that her Social Democratic Party has reached a consensus on forming a center-left coalition government. Frederiksen told reporters after meeting King Frederik X that she would present the new cabinet on Wednesday under her third term as prime minister. Frederiksen had resigned after the ruling So

  • UN Warns Of The Onset Of Strongest El Nino In Decades June 02, 2026 05:13 ET

    Fueled by unusually warm ocean waters in the tropical Pacific, El Niño conditions are developing and are set to influence global temperature and rainfall patterns, increasing the risk of extreme weather over the coming months, according to the World Meteorological Organization. A new El Niño/La Niña Update by WMO indicates an 80 percent likelihood of a new phase of the natural El Niño weather pat

  • X-59 To Fly Supersonic For First Time In Test Flights In June June 01, 2026 09:00 ET

    NASA's X-59 quiet supersonic research aircraft is preparing for some of its most significant flights yet. The X-plane is about to begin a new block of test flights that will include its first time flying faster than the speed of sound and other mission-critical objectives. "What comes next is the first time this one-of-a-kind aircraft will fly supersonic," said Cathy Bahm, project manager for NAS

  • 'No Fly Zones' Over World Cup Stadiums In US June 01, 2026 08:43 ET

    Temporary flight restrictions will be in place over stadiums hosting FIFA World Cup football matches and related fan events across the United States to help protect participants and spectators. The temporary flight restrictions will be established by Federal Aviation Administration, in coordination with the Department of Homeland Security and the Department of Justice. During match days, all air

  • Research Reveals Shift In US Landscapes June 01, 2026 08:32 ET

    For most of the past four decades, observations from the Landsat satellite record show that humans have dominated changes to the U.S. landscape. Recent research revealed a shift in that trend, suggesting that disasters might be catching up. In a NASA-funded study published in Nature Geoscience, scientists analyzed nearly 35 years of data from NASA/USGS Landsat satellites to better understand what

  • Colombia's Presidential Election Extends To Runoff June 01, 2026 07:20 ET

    Colombia's presidential election is heading to a runoff after Sunday's vote failed to produce a clear winner. The right-wing candidate Abelardo de la Espriella, a close ally of President Donald Trump, received the most votes - 43.7 percent - while the left-wing senator Iván Cepeda, an ally of the outgoing president Gustavo Petro, came second with 40.9 percent. As none of the 13 candidates in th

Global Economics Weekly Update -May 18 – May 22, 2026

May 22, 2026 14:46 ET
Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.

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