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  • Europe-wide Travel Booking And Train Travel To Be Simplified May 14, 2026 10:03 ET

    The European Commission has proposed new rules to make seamless travel across Europe a reality. The three proposals adopted Wednesday simplify planning and booking for regional, long-distance and cross-border travel, particularly for rail journeys involving multiple operators, and ensure better protection...

  • FAA To Invest $16.5 Mln To Improve Airport Safety May 14, 2026 09:58 ET

    The Federal Aviation Administration has announced that it is investing $16.5 million for improving airport safety in the country. With the funds, FAA plans to equip all its airport vehicles with transponders that help air traffic controllers identify and track them on runways and taxiways. The FAA...

  • Neo-Nazi Cult Leader Jailed For Planning Mass Attack In New York May 14, 2026 08:00 ET

    A leader of the Eastern European neo-Nazi group Maniac Murder Cult, Michail Chkhikvishvili, has been sentenced to 15 years in prison for soliciting hate crimes and planning mass casualty attack in New York City. Chkhikvishvili, a Georgian national also known as "Commander Butcher," was sentenced by...

  • Shakira, Madonna And BTS To Perform At World Cup Final Halftime Show May 14, 2026 07:42 ET

    Music superstars Shakira, Madonna and K-pop band BTS will perform at the World Cup foorball championship final's halftime show in July. This was announced by FIFA in an Instagram post on Thursday. "The world's biggest stage. An even bigger purpose. On July 19, the FIFA World Cup 2026 Final Halftime Show is coming to New York New Jersey Stadium, featuring superstars @madonna , @shakira , and @bts

  • Trump Describes Talks With Chinese President As 'great' May 14, 2026 06:48 ET

    President Donald Trump has described the talks with his Chinese counterpart Xi Jinping as "great". Trump's response to reporters' questions after a nearly two-hour long high-stakes meeting at the Great Hall of the People in Beijing on Thursday was limited. The White House said "The two sides agreed that the Strait of Hormuz must remain open to support the free flow of energy." U.S. media repor

  • Phase One Overhaul Of Critical 'Pilot Alert System' Completed Ahead Of Schedule May 13, 2026 08:49 ET

    U.S. Transportation Secretary Sean P. Duffy has announced that the Federal Aviation Administration has successfully implemented phase one of an overhaul of the "Notices to Airmen (NOTAM)" system. This system — which is decades old — is essential to facilitating air travel because it provides pilots with...

  • Singapore Shipping Company Indicted Over Deadly US Bridge Collapse May 13, 2026 08:38 ET

    A U.S. Federal court has indicted Singapore-based ship management company Synergy Marine over the deadly collapse of the Francis Scott Key Bridge in Maryland two years ago. Prosecutors filed criminal charges against Synergy Marine Private Ltd. based in Singapore, and Synergy Maritime private Ltd,...

  • FDA Takes Decisive Actions Focused On Food Chemical Safety May 13, 2026 07:49 ET

    The U.S. Food and Drug Administration on Tuesday took two decisive actions focused on food chemical safety. First, the agency finalized its new proactive food chemical safety post-market assessment program. Second, the FDA launched reassessments of butylated hydroxytoluene (BHT) and azodicarbonamide...

  • United To Operate First Flight To Venezuela In 8 Years May 13, 2026 06:58 ET

    U.S. Transportation Secretary Sean P. Duffy has announced that United Airlines would resume flights to Venezuela this summer for the first time since June 2017. This follows President Trump's agenda to expand U.S. energy sources to drive down costs for consumers. "United's first flight to Venezuela in 8 years marks another exciting development in the relationship between our two countries," said

  • 'I Don't Think About Americans' Financial Situation,' Trump Says About Impact Of Iran War May 13, 2026 06:56 ET

    President Donald Trump said that he doesn't think about Americans' financial situation' when related to the Middle East war's impact on them, but more important is to make sure that Iran cannot have a nuclear weapon. Trump made the comment while responding to a question, to what extent "Americans' financial situations" were motivating him to make a deal with Iran to end the 10 weeks-old conflict

  • 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

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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