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  • UNESCO Sites Remain Nature's Last Strongholds: Report April 22, 2026 08:59 ET

    In a world where concerns of environmental loss is growing louder, a new landmark report from UNESCO has revealed a rare glimmer of hope. While global wildlife has plummeted by a staggering 73 per cent since the 1970s, life within the UN science and culture agency's protected territories is holding its...

  • US Defense Budget Proposes Massive $1.5 Tln Spending For FY27 April 22, 2026 08:20 ET

    The Department of War has released President Donald Trump's massive Defense Budget, which proposes to raise total defense-related spending to $1.5 trillion for Fiscal Year 2027. The largest request in the post-WWII era, the budget aims to strengthen U.S. military readiness against threats from Iran, China and Russia. The Defense Budget for FY27 marks a 42 percent increase over current funding l

  • US Sanctions Iranian Missile And Drone Procurement Networks April 22, 2026 08:13 ET

    The U.S. government has imposed sanctions on eight individuals and four entities that operate multiple procurement networks supporting Iran's UAV and ballistic missile programs. The Department of the Treasury's Office of Foreign Assets Control (OFAC) is also targeting Mahan Air, which has previously...

  • UN Warns Of Major Food Crisis As Fertilizer Shipments Held At Hormuz April 22, 2026 07:15 ET

    The head of the UN a task force to facilitate the safe passage of fertilizers and related raw materials via the Strait of Hormuz, warned of a looming food crisis as fertilizer shipped through the vital lifeline is blocked ahead of the planting season. As the Persian Gulf crisis continues, time is ticking for farmers who rely on fertilizer shipped via the strategic trade route - and millions world

  • Trump Says Iran Ceasefire Will Extend, Blockade Will Continue April 22, 2026 05:24 ET

    President Donald Trump has said the ceasefire with Iran will be extended until bi-lateral talks to end the Middle East war have progressed. In a social media post on Tuesday, Trump said the goodwill gesture is made at the request of Pakistan, that is mediated the first round of talks in its capital. At the same time, Trump said the blockade of Iranian ports will also continue until Tehran presen

  • Initiative To Eliminate Traffic Bottlenecks Across US Launched April 21, 2026 08:02 ET

    U.S. Transportation Secretary Sean P. Duffy and the Federal Highway Administration have jointly launched the 'Freedom to Drive initiative', an opportunity for states to collaborate with the Department of Transportation on tackling increasing congestion corridors across the United States. This national...

  • FDA Achieves Goals In Reducing Animal Testing In Drug Development April 21, 2026 08:00 ET

    The U.S. Food and Drug Administration has announced that vit achieved its key first-year goals in the implementation of its April 2025 Roadmap to Reducing Animal Testing in Preclinical Safety Studies, marking one year of transformative action to modernize drug development through innovative, human-relevant...

  • Amtrak's Northeast Rail Corridor To Be Revitalized With $5 Bln Funding April 21, 2026 07:48 ET

    U.S. Transportation Department Secretary Sean P. Duffy has announced a $4.7 billion investment into rail projects on Amtrak's Northeast Corridor to help revitalize the nation's iconic rail hubs, including New York Penn Station and Washington Union Station. Throughout the Northeast Corridor, the investment...

  • US Reports Progress In Combating HIV Epidemic Globally April 21, 2026 06:21 ET

    The U.S. Government has reported tremendous progress in reducing mother-to-child transmission of HIV, and in combating the epidemic as a whole across the world. The U.S. Department of State has released PEPFAR program data covering the period of July 1, 2025, to September 31, 2025. U.S. Government-supported...

  • NASA's Quiet Supersonic Aircraft Makes Highest And Fastest Flight April 21, 2026 06:18 ET

    NASA's X-59 quiet supersonic experimental aircraft has made its highest and fastest flights so far, expanding its operational range and making progress toward supersonic flight. The U.S. space agency said in a pair of test flights earlier this month, the aircraft reached new altitudes and speeds, reaching 43,000 feet and 528 to 627 mph, respectively, (approximately Mach 0.8 to 0.95 in those condi

  • Iran Warns Of 'new Cards On Battlefield' If Ceasefire Doesn't Extend April 21, 2026 06:11 ET

    As the 10-day ceasefire set to expire on Wednesday, Iran has warned that it is preparing "new cards on the battlefield" if the Middle East war resumes. "In the past two weeks, we have been preparing to show new cards on the battlefield," in the last two weeks and would "not accept negotiations under the shadow of threats," Iran's parliamentary speaker Mohammad Bagher Ghalibaf wrote on X.While U

  • New NASA Force To Support US Air And Space Program April 20, 2026 07:49 ET

    NASA and the U.S. Office of Personnel Management have launched the NASA Force website, opening applications for roles aimed at recruiting the United States' top engineers and technologists to support the nation's air and space program. NASA Force, a new hiring initiative developed in partnership...

  • Trump Order To Accelerate Treatments For Serious Mental Illness April 20, 2026 07:34 ET

    President Donald Trump has signed an Executive Order that will accelerate access to treatments for patients with serious mental illness, reaffirming his commitment to advancing solutions that provide hope to Americans with devastating, complex, and treatment-resistant conditions. The Order directs the Food and Drug Administration Commissioner to provide Commissioner's National Priority Vouchers t

  • Tsunami Warning Issued After Powerful Earthquake Off Japan's North-east Coast April 20, 2026 07:04 ET

    A 7.5 magnitude earthquake struck off the north-east coast of Japan Monday, prompting authorities to issue a 9.8-foot tsunami warning. The Japan Meteorological Agency warned that waves as tall as 3 meters can be expected in the Iwate prefecture and parts of Hokkaido and Aomori, while tsunami warnings...

  • Asia-Pacific Forum Highlights Global Ripple Effects Of Middle East War April 20, 2026 06:54 ET

    At the UN's regional forum in Bangkok, senior UN officials and national delegates have warned that the impact of the Middle East war is being felt far beyond the region, with growing consequences for economies and vulnerable populations across Asia and the Pacific. Addressing the UN Economic and Social Commission for Asia and the Pacific's 82nd session in Bangkok, Deputy Secretary-General Amina M

Global Economics Weekly Update: April 13 – April 17, 2026

April 17, 2026 15:29 ET
The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.