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  • Phase One Overhaul Of Critical 'Pilot Alert System' Completed Ahead Of Schedule May 13, 2026 08:49 ET

    U.S. Transportation Secretary Sean P. Duffy has announced that the Federal Aviation Administration has successfully implemented phase one of an overhaul of the "Notices to Airmen (NOTAM)" system. This system — which is decades old — is essential to facilitating air travel because it provides pilots with...

  • Singapore Shipping Company Indicted Over Deadly US Bridge Collapse May 13, 2026 08:38 ET

    A U.S. Federal court has indicted Singapore-based ship management company Synergy Marine over the deadly collapse of the Francis Scott Key Bridge in Maryland two years ago. Prosecutors filed criminal charges against Synergy Marine Private Ltd. based in Singapore, and Synergy Maritime private Ltd,...

  • FDA Takes Decisive Actions Focused On Food Chemical Safety May 13, 2026 07:49 ET

    The U.S. Food and Drug Administration on Tuesday took two decisive actions focused on food chemical safety. First, the agency finalized its new proactive food chemical safety post-market assessment program. Second, the FDA launched reassessments of butylated hydroxytoluene (BHT) and azodicarbonamide...

  • United To Operate First Flight To Venezuela In 8 Years May 13, 2026 06:58 ET

    U.S. Transportation Secretary Sean P. Duffy has announced that United Airlines would resume flights to Venezuela this summer for the first time since June 2017. This follows President Trump's agenda to expand U.S. energy sources to drive down costs for consumers. "United's first flight to Venezuela in 8 years marks another exciting development in the relationship between our two countries," said

  • 'I Don't Think About Americans' Financial Situation,' Trump Says About Impact Of Iran War May 13, 2026 06:56 ET

    President Donald Trump said that he doesn't think about Americans' financial situation' when related to the Middle East war's impact on them, but more important is to make sure that Iran cannot have a nuclear weapon. Trump made the comment while responding to a question, to what extent "Americans' financial situations" were motivating him to make a deal with Iran to end the 10 weeks-old conflict

  • RTX Invests $26.5 Mln In Florida To Expand Domestic Radar Production May 12, 2026 08:35 ET

    RTX's Collins Aerospace has announced that it is investing $26.5 million to expand its Largo, Florida, facility to accelerate the production of commercial aviation radars for FAA's new air traffic control system, and multi-domain security solutions for defense customers. The company said this investment...

  • All Passengers Leave Hantavirus-hit Cruise Ship May 12, 2026 07:19 ET

    All the passengers have disembarked from the hantavirus-hit cruise ship MV Hondius in Tenerife and many have returned to their home countries, as the World Health Organization said the operation demonstrated a "triumph of solidarity." The repatriation effort, coordinated by Spanish authorities with...

  • United States Rejects International Migration Review Forum May 12, 2026 06:53 ET

    The United States has boycotted the International Migration Review Forum and announced that it will not support the May 8 "progress" declaration. The United States has persistently objected to the United Nations' efforts to advocate and facilitate replacement immigration in the country and across...

  • NASA Fuel Cell Tests Pave Way For Energy Storage On Moon May 12, 2026 06:50 ET

    NASA's Glenn Research Center in Cleveland is preparing to test a technology, known as a regenerative fuel cell system, over the next few months, which could revolutionize the way NASA stores energy during future Moon missions. The system, about as long as a sedan and as tall as a person, operates like a rechargeable battery. When power is needed, it's designed to combine hydrogen and oxygen gas i

  • New US Sanctions Target Iran's IRGC Oil Operations May 12, 2026 06:38 ET

    The Trump Administration is intensifying pressure on Iran's Islamic Revolutionary Guard Corps by targeting the financial networks that enable its illicit oil operations. Monday, the Department of the Treasury's Office of Foreign Assets Control imposed sanctions on a network involved in selling and shipping Iranian oil to overseas buyers, including China, on behalf of IRGC, and three senior offici

  • 22 Passengers From Hantavirus-hit Ship Monitored At UK Hospital May 11, 2026 08:58 ET

    The UK Government has announced that it worked with international partners to ensure the safe return of all remaining British nationals on board the hantavirus-stricken cruise ship, with passengers now safely transferred to Arrowe Park Hospital in Birkenhead, England. 20 British nationals along...

  • US Passenger Off Cruise Ship Tests Positive For Hantavirus May 11, 2026 08:56 ET

    The U.S. Department of Health and Human Services has announced that an American passenger who was evacuated from the the hantavirus-stricken cruise ship has been tested positive for the virus, and another has been diagnoed with mild symptoms. They are among 17 American passengers who were airlifted to the United States after being evacua

  • HHS Launches Moms.Gov For New And Expecting Mothers May 11, 2026 07:40 ET

    On Mother's Day, the U.S. Department of Health and Human Services launched Moms.gov, a groundbreaking website for new and expecting mothers. This resource offers guidance and information to support the health and well-being of mothers and their families.Moms.gov also supports expecting parents who are...

  • EU Awards EUR1 Bln To European Hydrogen Projects To Expedite Clean Transition May 08, 2026 07:44 ET

    The European Commission has selected 9 hydrogen production projects under the third auction of the European Hydrogen Bank, or EHB. Across seven countries in the European Economic Area, the projects are expected to provide almost 1.1 giga-watts of electrolyser capacity and produce more than 1.3 million tons of hydrogen over their first 10 years of operation. This is estimated o avoid greenhouse g

  • 6.42 Mln Doses Of Illicit Medicines Seized In Global Crackdown May 08, 2026 07:17 ET

    A total of 6.42 million doses of unapproved and counterfeit pharmaceuticals worth $15.5 million have been seized in a global crackdown. Operation Pangea XVIII, coordinated by Interpol across 90 countries during March 10 - 23, led to 269 arrests and the dismantling of 66 criminal groups involved in the illicit pharmaceutical trade. Law enforcement agencies worldwide launched 392 investigations an

Global Economics Weekly Update - May 04 – May 08, 2026

May 08, 2026 15:50 ET
Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.

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