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  • Satellites Reveal Aquifer Decline In Brazilian Breadbasket June 08, 2026 07:54 ET

    A collaboration of scientists from NASA and Brazilian research institutions has produced a detailed picture of groundwater change across Brazil. The images reveal significant declines in some of the aquifers that are critical to one of the world's largest agricultural producers. In the study, published...

  • European Leaders Call On Putin To Agree To Immediate Ceasefire June 08, 2026 07:50 ET

    Ukraine President Volodymyr Zelensky and the leaders of three European major powers have called on Russian President Putin to agree to an immediate and complete ceasefire. UK Prime Minister Keir Starmer, French President Emmanuel Macron and German Chancellor Friedrich Merz met with President Zelensky in London to reiterate their unwavering support for Ukraine in its defense against Russia's inva

  • Israel Retaliates Against Iran's Missile Attacks June 08, 2026 07:22 ET

    Israel has retaliated against Iran's missile attacks Monday by targeting its military sites and a petrochemical plant, reports said. The two rival nations exchanged fire in the worst strikes in months, for the first time since the US-Iran ceasefire in April. Israeli Prime Minister Benjamin Netanyahu approved the strikes reportedly defying US president Donald Trump's warning not to do so at a tim

  • 19 Killed In 7.8 Magnitude Earthquake In Southern Philippines June 08, 2026 06:57 ET

    At least 19 people have been killed and more than 200 others injured in a powerful earthquake that struck the Mindanao region in the southern Philippines on Monday. The quake of magnitude 7.8, hit off the shores of General Santos City in Sarangani province, the southern end of the Mindanao island,...

  • AI's Environmental Costs Threaten Water, Land And Climate, UN Warns June 05, 2026 09:56 ET

    Artificial Intelligence is not only responsible for worrying amounts of earth-warming greenhouse gases: the technology's environmental footprint is also expanding at a pace that could strain the planet's natural resources, according to a new UN study. Data centers, the global infrastructure powering AI, could consume 945 terawatt-hours of electricity annually by 2030 - nearly triple the combined

  • Atlanta MARTA Security Spending, Safety Plans To Be Probed After Murder On MARTA Train June 05, 2026 07:38 ET

    U.S. Transportation Secretary Sean P. Duffy has directed the Federal Transit Administration to launch an investigation of Atlanta's Metropolitan Atlanta Rapid Transit Authority, or MARTA. The investigation will review the transit agency's security spending, safety protocols, and risks to riders and workers. The...

  • NASA Satellites Show Mangrove Forest Expansion Globally June 05, 2026 07:09 ET

    NASA satellite images show that mangrove forests, which protect shorelines, support coastal ecosystems, and store large amounts of carbon along saltwater coasts, are more resilient than scientists once believed. Four decades of Landsat observations reveal that mangrove forest coverage shifted from long-term...

  • World's First AI-designed Vaccine Could Protect Against Viruses, Researchers Say June 05, 2026 06:58 ET

    A "fundamentally new" type of vaccine, developed using artificial intelligence for the first time in the world, has the potential to act against a variety of viruses and protect the world from future pandemic outbreaks, say researchers. A Cambridge-led team has developed a way to engineer better vaccines that could provide broad protection from thousands of variants of viruses - such as coronavir

  • House Passes Ukraine Aid And Russian Sanctions Bill With GOP Support June 05, 2026 06:54 ET

    The U.S. House of Representatives has passed with the support of 18 Republican lawmakers a sweeping legislation that includes major Ukraine aid and Russia sanctions package. The Ukraine Support Act authorizes $1.3 billion in security assistance to Ukraine, $8 billion in arms sales, and imposes broad, sweeping new oil and gas sanctions against Russia. The first major Ukraine-assistance package fr

  • Hezbollah Rejects Israel-Lebanon Ceasefire June 05, 2026 06:47 ET

    The leaders of Hezbollah's military wing have reportedly rejected a US-led ceasefire renewal agreement between Lebanon and Israel, calling it "futile." In a statement issued on Thursday, the Iran-backed Lebanese militant group's leader Naim Qassem said "broad segments of the Lebanese people" have...

  • Kyrgyzstan Elected As Non-permanent Member Of Security Council For First Time June 04, 2026 08:25 ET

    A closely watched UN Security Council election delivered a mix of continuity and change on Wednesday, as Austria, Portugal, Trinidad and Tobago, Zimbabwe - and first-time member Kyrgyzstan, secured seats as non-permanent members of the apex Council. The five countries were elected by the 193-member General Assembly to serve as non-permanent members of the Security Council for two-year terms begin

  • DOJ To Award $300 Mln To Model Cities To Restore Law And Order June 04, 2026 08:22 ET

    The Justice Department has announced the Model Cities Initiative, directing nearly $300 million in federal funding to transform public safety in U.S. cities. Through this initiative, two to four cities will be selected to receive awards supporting the implementation of comprehensive and innovative strategies...

  • Flesh-eating Screwworm Detected In US June 04, 2026 08:10 ET

    A flesh-eating parasite that feeds on warm-blooded animals has been detected in the United States after six decades. The U.S. Department of Agriculture's Animal and Plant Health Inspection Service (APHIS) confirmed the detection of a New World screwworm in a bovine in Zavala County, Texas. New World...

  • US Warns World Cup Fans Not To Bring Pork To Prevent African Swine Fever June 04, 2026 07:28 ET

    The US Department of Agriculture has warned football fans traveling into the United States to watch the World Cup, to not bring pork with them to protect the country from African Swine Fever. The countdown to the 2026 FIFA World Cup is on. With games scheduled from June 11 to July 19 in 16 cities...

  • House Adopts Resolution Limiting Trump's War Powers June 04, 2026 06:48 ET

    The US House of Representatives has passed a resolution to limit President Donald Trump's war powers in Iran with the support of four Republican lawmakers. In a public show of disapproval of Trump's handling of the conflict, the House adopted the war powers resolution by a 215-208 vote. It requires Trump to withdraw American forces from the Middle East or seek congressional approval to continue

Global Economics Weekly Update - Jun 01 - Jun 05, 2026

June 05, 2026 16:18 ET
A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.

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