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  • War Department Buys 30000 Drones, Ordering 60,000 More June 18, 2026 09:08 ET

    The U.S. War Department has announced that 30,000 drones are being delivered now and will be ordering 60,000 more in September. This is under the $1.1 billion Drone Dominance Program, a two-year effort to execute President Donald Trump's Executive Order, which articulated the urgent need for the department...

  • DR Congo Holds Ronaldo's Portugal To 1-1 Draw June 18, 2026 09:06 ET

    England made a roaring start to the FIFA World Cup 2026 with a 4-2 victory over Croatia while DR Congo showed their warrior spirit to hold Portugal to a 1-1 draw Wednesday, but Cristiano Ronaldo failed to rise to expectations. England won an exciting opening Group L contest against Croatia at Dallas Stadium, thanks to a brilliant brace from captain Harry Kane and second-half goals by Jude Belling

  • Rights Defender Killings Hit Record High: UN Report June 18, 2026 07:33 ET

    Attacks against human right defenders have reached record levels over the past year, according to a new report issued on Wednesday by the UN human rights office, OHCHR. Preliminary data indicates that around 950 human rights defenders, journalists and trade unionists were killed or forcibly disappeared...

  • US, Iran Sign 14-point Peace Plan, Strait Of Hormuz To Open Immediately June 18, 2026 07:21 ET

    The United States and Iran have signed a preliminary agreement to end the Middle East war. Pakistan Prime Minister Shehbaz Sharif announced in a post on X Thursday that U.S. President Donald Trump and his Iranian counterpart Masoud Pezeshkian electronically signed the "Islamabad Memorandum of Understanding," and was endorsed by him as the mediator. The MoU will enter into force with immediate e

  • FDA Broadens Access To OTC Naloxone Nasal Spray For Opioid Overdose June 17, 2026 10:26 ET

    The U.S. Food and Drug Administration has approved another over-the-counter (OTC) intranasal naloxone product for the emergency treatment of opioid overdose. Consumers may directly purchase Rextovy, a 4 milligram naloxone hydrochloride nasal spray, without a prescription in places such as pharmacies,...

  • US Pledges $1 Bln In Aid To UNICEF, WFP To Address Humanitarian Needs June 17, 2026 10:24 ET

    The United States has announced more than $1 billion in humanitarian and disaster response assistance to UNICEF and the World Food Program through new global macro awards, which cover life-saving support in more than 40 countries. This announcement builds directly on the success of the Trump Administration's...

  • G7 To Create Ports Network To Combat Drug Trafficking June 17, 2026 10:22 ET

    In an effort to combat global drug and precursor chemical trafficking, the G7 summit has decided to create "7+ Ports Network to Combat Drug Trafficking'. The new initiative aims to reinforce cooperation between G7 members and their partners' main maritime ports in coordination with the European Ports...

  • 5 Men Arrested And Charged In Plot To Attack UFC Event At White House June 17, 2026 07:45 ET

    The Justice Department has announced charges against five men who were arrested for an alleged plot to carry out an attack at a White House event at the weekend. According to FBI, the accused were planning to kill government officials and others attending the Ultimate Fighting Championship Freedom 250 event held at the White House on Sunday. The FBI launched an investigation into the plot and

  • Messi Hat-trick Brightens Day Of Superstars In FIFA World Cup June 17, 2026 06:57 ET

    On a day superstars went on a goal scoring spree, Argentinian football maestro Lionel Messi's hat-trick lit up one of this World Cup's most spectacular first round matches. Hours after France's Kylian Mbappe and Norway's Erling Haaland led their teams to authentic wins in Group I with two goals each, it was Messi who shined brightest of them all as he inspired defending champions Argentina to a

  • IQM Deploys Its First US Quantum Computer At Oak Ridge Lab June 17, 2026 06:28 ET

    The U.S. Department of Energy's Oak Ridge National Laboratory, or ORNL, has launched Pathfinder, the first commercially procured quantum computer at the federally funded research and development center. Built and deployed by IQM Quantum Computers, the 20-qubit IQM Radiance system marks the superconducting hardware developer's first quantum computer installation in the United States. The deployme

  • Day Of Draws In FIFA World Cup June 16, 2026 09:36 ET

    It was a day of draws in the FIFA World Cup Day 5, as all the four matches Monday ended without a winner. While the tiny country of Cape Verde held European powerhouse Spain to a shocking goalless draw for more than 95 minutes, Saudi Arabia managed to tackle Uruguay 1 - 1; Belgium could not overpower Egypt (1-1); and Iran salvaged a hard-earned 2-2 draw against New Zealand. Nobody predicted Cap

  • As World Waits For Details On US-Iran Deal, UN Calls For Hormuz Aid Corridor June 16, 2026 08:11 ET

    As representatives of Iran and the United States reportedly prepare to sign a new peace agreement at the end of the week, the UN has stressed the urgent need to open an aid corridor to transit the choked-off Strait of Hormuz and prevent a global hunger crisis. At the Human Rights Council in Geneva,...

  • UK Announces Major Sanctions Package Choking Off Russia's War Effort June 16, 2026 08:05 ET

    On Tuesday, the UK has annuonced a major sanctions package aimed at choking off Russia's war effort across multiple fronts. The latest round of punitive action by the UK includes 70 new sanctions targeting Russia's illicit shadow fleet, military procurement supply chains, and illicit finance networks used to circumvent Wedtern sanctions. The sanctions further crack down on Russia's decrepit

  • Social Media To Be Banned For Under-16s In UK June 16, 2026 07:29 ET

    In a landmark move, the UK government has banned Social media platforms to under-16s. The Department for Science, Innovation and Technology said the Social media platforms will be blocked from offering services to children below this age group to protect kids with world-leading additional restrictions on harmful features online such as live streaming and strangers communicating with children. T

  • 8 Killed In US Air Force B-52 Bomber Crash In California June 16, 2026 06:37 ET

    Eight people on board a US Air Force B-52 bomber have been killed in a crash during test flight at Edwards Air Force Base in southern California. The B-52 Stratofortress reportedly crashed immediately after take-off from the remote air base at 11:20 a.m. local time Monday, and burst into flames. "Today,...

Global Economics Weekly Update - Jun 08-12, 2026

June 12, 2026 17:14 ET
Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.