Rising oil prices linked to the Middle East crisis are driving up the cost of plastics, with impacts spreading across global supply chains. According to UN trade and development body, UNCTAD, the price of key materials such as polyethylene has surged sharply in recent weeks, reflecting the steep rise in crude oil prices. When oil prices surge, the impact goes far beyond fuel. It runs through glo
With top diplomats gathered at UN Headquarters to review the 1970 Treaty on the Non-Proliferation of Nuclear Weapons, the UN Secretary-General warned that it must evolve to survive the age of AI and other new technologies. For the first time in decades, the number of nuclear warheads is on the rise. Nuclear testing is back on the table and global military spending jumped to $2.7 trillion in 2025.
Global efforts to combat viral hepatitis are delivering measurable progress in reducing infections and deaths, but the disease remains a major global health challenge, according to a new report by the World Health Organization. WHO released the report at the World Hepatitis Summit on Tuesday. Viral...
The U.S. Navy has commissioned the submarine USS Idaho, bringing cutting-edge war-fighting capability to the nation's undersea forces after a multiyear construction process. The 26th Virginia-class submarine and the eighth of the advanced Block IV configuration, Idaho was commissioned in a traditional...
New York City has witnessed first-ever point-to-point electricvertical takeoff and landing (eVTOL) air taxi demonstration flights, which aims to connect heliports in Manhattan to JFK International Airport in less than 10 minutes. Once approved and fully become operational, it will save travelers significant amount of time, far less than the current one-to two-hour drive. Joby Aviation, Inc. (JO
Cole Tomas Allen of Torrance, California, has been charged with attempting to assassinate President Donald Trump at the White House Correspondents' Association Dinner at the weekend. The Department of Justice announced that 31-year-old Allen was charged with one count of attempt to assassinate the President, transportation of a firearm and ammunition in interstate commerce with intent to commit a
Astronauts aboard the International Space Station have conducted biotechnology research on Thursday, including a pair of heart studies, exploring cancer therapies, and demonstrating a self-sustaining life-support system. U.S. flight engineer Jessica Meir processed samples of heart stem cells and bacteria that cause pneumonia using a portable glovebag inside the Harmony module. Observations in mic
European Institutions have agreed on a Roadmap to achieve "One Europe, one Market" by the end of 2027. Cyprus President Nikos Christodoulides, as the rotating Presidency of the Council of the European Union, European Parliament President Roberta Metsola and European Commission President Ursula von der Leyen signed the "One Europe, One Market Roadmap On the sidelines of the Informal meeting of Hea
The U.S. Government has imposed sanctions on a Cambodian senator who controls scam compounds throughout the country, as well as 28 individuals and entities in his network, for defrauding Americans. The U.S. Department of the Treasury said Southeast Asian scam operators within this network have stolen...
Crude oil price continued rising on Friday amid President Donald Trump's statement that he authorized the U.S. military to "shoot and kill" Iranian boats laying mines in the Strait of Hormuz. Brent crude traded above $107 per barrel, increasing by 1.92 percent, while the US-traded WTI rose above $97. In a social media post on Thursday, Trump also said that U.S. forces will intensify efforts to r
President Donald Trump has announced an MFN pricing deal with Regeneron to lower prescription drug prices that Americans pay for some of the world's most innovative drugs, in line with the lowest prices paid by other developed nations, known as the most-favored-nation, or MFN, price. The agreement will provide every State Medicaid program in the country access to MFN drug prices on new Regeneron
In a significant leap forward for American battlefield technology, U.S. Army infantry drone operators have successfully tested a drone-mounted new warhead with bunker-busting capacity. The live-fire demonstration of the bunker rupture and kinetic explosive round, which took place at Redstone Arsenal,...
The Justice Department has announced $300 million in funding to prevent and prosecute fraud and other crimes nationwide. The new Special Attorneys Program notice of funding opportunity will support state, local, Tribal, and territorial prosecuting agencies in designating qualified prosecutors to serve as Special Attorneys within the Department's National Fraud Enforcement Division or Criminal Di
NASA has announced that its Nancy Grace Roman Space Telescope, designed to open an entirely new window on the universe, will be launched in early September, ahead of the agency's commitment to flight no later than May 2027. "Roman's accelerated development is a true success story of what we can achieve when public investment, institutional expertise, and private enterprise come together to take
President Donald Trump's promise to bring manufacturing back to the United States is delivering the largest re-shoring wave in American history as companies invest trillions to build and expand at home, the White House says. In a press release published on Wednesday, it said after years of career politicians selling out American workers for cheap foreign labor, the American manufacturing comeback
April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.