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  • 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

  • Hantavirus Outbreak On Cruise Ship Not Another Covid: WHO May 08, 2026 07:11 ET

    The World Health Organization has clarified that a deadly hantavirus outbreak aboard a cruise ship in the Atlantic Ocean poses a low global public health risk and is "not the start of another COVID pandemic." Three people have died and several others have fallen ill aboard the Dutch-flagged MV Hondius, prompting a major international public health response involving countries across Europe, Afric

  • 5 Children Infected With New Salmonella Outbreak Linked To Pet Veiled Chameleons May 08, 2026 06:54 ET

    The Centers for Disease Control and Prevention has reported that five children across four states have gotten sick from an outbreak of Salmonella infections linked to contact with pet veiled chameleons. A CDC investigation has found that the multistate outbreak is linked to the most common chameleon...

  • Hantavirus-hit Cruise Ship To Dock In Tenerife On Sunday: Report May 08, 2026 06:16 ET

    A Hantavirus-hit cruise ship currently in the Atlantic Ocean is expected to dock in the Spanish island of Tenerife, off West Africa, on Sunday, according to the latest updates from the Spanish Health Ministry. The World Health Organization said one of its experts, Dutch doctors, and a European disease...

  • US And Iran Exchange Fire In Strait Of Hormuz May 08, 2026 06:03 ET

    Even as U.S. President Donald Trump says a ceasefire with Iran still holds, both sides exchanged fire in the Strait of Hormuz Thursday. U.S. Central Command said its forces intercepted unprovoked Iranian attacks and responded with self-defense strikes as three U.S. Navy guided-missile destroyers transited the Strait of Hormuz to the Gulf of Oman. Iranian forces launched multiple missiles, drones

  • Norway Joins US-led Pax Silica Initiative May 07, 2026 09:16 ET

    Norway has become the latest country to join the Pax Silica initiative. The Pax Silica Initiative is a U.S.-led international coalition launched in December to secure supply chains for semiconductors, AI infrastructure, and critical minerals. It aims to reduce reliance on coerced, concentrated supply...

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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