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  • UN General Assembly Backs Historic World Court Climate Crisis Ruling May 21, 2026 08:57 ET

    UN General Assembly has adopted a resolution welcoming the advisory opinion of the International Court of Justice on the obligations of States in respect of climate change. The resolution calls on all UN Member States to take all possible steps to avoid causing significant damage to the climate and...

  • US Signs Deals To Provide Counter-Drone Capabilities To Allies May 21, 2026 08:22 ET

    The United States has signed agreements with three allied countries to enable them to procure counter-unmanned aerial system capabilities through the Joint Interagency Task Force 401 drone defense marketplace. Army Secretary Dan Driscoll signed agreements on behalf of the Pentagon with key leaders...

  • FDA Warns Retailers Selling Illegal Tobacco Products Resembling Candy, Cough Drops May 21, 2026 08:14 ET

    The U.S. Food and Drug Administration issued warning letters to eight retailers for selling unauthorized tobacco products, including nicotine pouches and dissolvable tobacco products. The warning letters involve unauthorized tobacco products that have labeling, advertising, and/or design features...

  • Cuba's Raul Castro Indicted Over Shootdown Of US Aircraft May 21, 2026 08:03 ET

    The U.S. Justice Department has announced criminal charges against former Cuban leader Raul Castro, including conspiracy to kill U.S. nationals, over the 1996 shootdown of two U.S. civilian aircraft over international waters between Cuba and Florida. The 94-year-old Castro has been accused of ordering the shoot down of two planes belonging to the Cuban-American group Brothers to the Rescue on Feb

  • Heavy Rainfall Forecast In Southern Plains And Mississippi Valley; Thunderstorms In Colorado May 21, 2026 06:25 ET

    National Weather Service has warned the offset of heavy rainfall from the Southern Plains into the Mississippi Valley Thursday, peaking in intensity over the holiday weekend. Widely scattered thunderstorms are expected to develop across eastern Colorado Thursday afternoon and evening. Large hail...

  • American Citizens Warned Against Travel To Ebola-hit Countries May 20, 2026 09:52 ET

    The U.S. Department of State has issued updated Level 4 travel advisories for all three countries affected by the recent Ebola outbreak. It warned American citizens or permanent residents not travel to the Democratic Republic of the Congo, Uganda, or South Sudan for any reason. Americans have been urged to remain vigilant of CDC guidelines on isolation and quarantine if they are departing the reg

  • Ebola Vaccine 2 Months Away, Says WHO May 20, 2026 09:49 ET

    A fast-spreading Ebola outbreak in the Democratic Republic of the Congo has forced health workers rushing to stop transmission, while the rollout of any potential vaccine is months away, the World Health Organization said on Tuesday. A WHO representative has said that Ervebo, a vaccine against the Zaire Ebola virus, is under consideration to stop the transmission of the current outbreak, but "it

  • Concerns Grow Over Nuclear Safety After Drone Strike On UAE Nuke Plant May 20, 2026 08:22 ET

    The UN Security Council met in an emergency session in New York to discuss the situation in the Middle East following reports of a drone strike near the Barakah Nuclear Power Plant in the United Arab Emirates. IAEA Director General Rafael Mariano Grossi briefed members as concerns grow over nuclear safety...

  • China Confirms Buying 200 Boeing Jets From US May 20, 2026 08:20 ET

    The Chinese government has confirmed the purchase of 200 American-made Boeing aircraft for Chinese airlines. This was part of many deals secured during President Donald Trump's recently concluded visit to Beijing. The Chinese Commerce Ministry said on Wednesday that the U.S. will guarantee the supply of aircraft engine parts and components. The White House had said earlier this week that a tra

  • 'Taiwan Travelogue' Wins International Booker Prize May 20, 2026 07:58 ET

    Taiwan Travelogue, a novel by Taiwanese writer Yang Shuang-zi about forbidden love and Taiwanese food, has won the International Booker Prize 2026. Taiwan Travelogue is the first book translated from Mandarin Chinese to English to win the the prestigious award. The International Booker Prize recognizes the vital work of translation, with the 50,000 pound prize money divided equally between the a

  • UK Business Delegation To US Launches Greater Together Los Angeles May 19, 2026 07:52 ET

    UK Secretary of State for Culture, Lisa Nandy and Minister for Economic Transformation, Blair McDougall, will lead a delegation of 250+ strong business and cultural leaders to the United States to drive economic growth at a major expo, Greater Together LA. The mission will convene hundreds of business...

  • TrumpRx.gov Expands With More Than 600 Generic Medications May 19, 2026 07:35 ET

    President Donald Trump has announced an expansion of TrumpRx.gov to provide unprecedented price transparency and choice on generic medications that millions of Americans use every day. From now on, TrumpRx.gov will feature more than 600 generic medications. The White House said that Americans will be able to clearly and transparently understand the most competitive cash prices of their medicati

  • US Airports To Be Made More Family-Friendly May 19, 2026 07:26 ET

    U.S. Transportation Secretary Sean P. Duffy has announced that the Federal Aviation Administration will invest $970 million to enhance the travel experience for families in U.S. airports. The Department delivered 133 grants to airports in 45 states through the Infrastructure Investment and Jobs Act - Airport Terminal Program (ATP) to invest in family-friendly airport projects. They include $2.8

  • Chances Of Another Global Pandemic Increasing: Experts May 19, 2026 07:07 ET

    A day after the World Health Organization declared the new Ebola outbreak in eastern Democratic Republic of the Congo an international emergency, top global disease transmission experts stressed that the chances of another global pandemic similar to the 2019 coronavirus emergency are increasing all the time. "The world is not safer from pandemics", said experts from the Global Preparedness Monito

  • US Triggers Public Health Law To Limit Entry From Ebola-hit Region May 19, 2026 06:36 ET

    The United States has triggered a public health law to ban visitors from Africa's Ebola-hit region entering the country. On Monday, the Centers for Disease Control and Prevention, the Department of Homeland Security, and other federal agencies implemented enhanced travel screening, entry restrictions, and public health measures to prevent the viral disease from entering the United States amid ong

Global Economics Weekly Update: May 11 – May 15, 2026

May 15, 2026 15:25 ET
Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.

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