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  • EU Announces €6 Bln For Ukraine's Defense August 24, 2026 08:36 ET

    The European Commission has approved €6.1 billion in new defense procurement for Ukraine. This funding covers air and missile defense systems, missiles, ammunition and radars, reaffirming Europe's commitment to supporting Ukraine's defense and resilience against Russia's ongoing attacks. Ursula von...

  • Pentagon Reports Rise In Sexual Assault Incidents In US Military August 24, 2026 07:42 ET

    The Pentagon has reported rise in sexual assault incidents in the U.S. military. The data has been included in the Fiscal Year 2025 Annual Report on Sexual Assault in the Military, released by The Department of War. It shows that reporting of sexual assault incidents by active-duty Service members...

  • US Army's Battery-powered Small Drone Breaks Endurance Record August 24, 2026 07:21 ET

    A battery-powered small unmanned aircraft system has recently shattered a world endurance record, flying for more than eight hours in the desert heat — a milestone achieved using critical propulsion components assembled by the U.S. Army's organic industrial base. During the Game of Drones 26-2 demonstration at Edwards Air Force Base, California, last month, two brushless direct current motors a

  • Burnham In Ukraine To Pass On Key Data To Make Long-range Missiles August 24, 2026 07:07 ET

    Andy Burnham has arrived in Ukraine on Monday for his first overseas visit as UK Prime Minister. Just weeks after welcoming President Volodymyr Zelenskyy to the UK in July as his first international guest, Burnham traveled to Kyiv to reiterate the country's unwavering support for the Ukrainian people. Ukraine's foreign minister received Andy Burnham as he arrived in Kyiv. While chairing a meeti

  • Artemis II Crew To Be Awarded Congressional Space Medal Of Honor August 24, 2026 06:50 ET

    NASA's Artemis II crew members will be awarded the Congressional Space Medal of Honor on Friday. At a ceremony to be held at 11 a.m. ET at the agency's Johnson Space Center in Houston, President Donald Trump will award each of the crew member with the honor. NASA astronauts Reid Wiseman, Victor...

  • US To Unveil 'Economic D-Day' Sanctions Against Iran August 24, 2026 06:19 ET

    US Treasury Secretary Scott Bessent has warned that Iran can expect the so-called "Economic D-Day" that President Donald Trump announced last week, on Monday. "At dawn begins an economic D-Day — the single greatest financial offensive ever marshaled against an adversary," Bessent wrote in an op-ed published in the Financial Times Sunday. Bessent will roll out tough economic sanctions that target

  • Treasury Proposes Low-Cost Investment Rules For Trump Accounts August 21, 2026 13:07 ET

    The U.S. Department of the Treasury has announced proposed guidance governing eligible investments in Trump Accounts, with a focus on keeping costs low, promoting broad diversification, and helping children's savings grow over the long term. "Every dollar in a child's Trump Account should be working...

  • Trump Signs Memo To Boost Space Transportation With Private Sector Partnership August 21, 2026 08:21 ET

    President Donald Trump has signed a Presidential Memorandum to help drastically boost U.S. commercial space launches. The Memorandum, which repeals an outdated National Space Transportation Policy, aims more than 1,000 rocket launches and reentries on American soil annually by 2030. It directs agencies to incentivize co-development of space transportation infrastructure with private sector partn

  • $615 Mln Granted To Improve Airports Across US August 21, 2026 08:01 ET

    Transportation Secretary Sean P. Duffy has announced a $615 million investment to improve runway and taxiway infrastructure, invest in family-friendly features in terminals, and support critical airfield safety upgrades in airports across 42 states and two territories. USDOT will fund 238 grants to...

  • IndyCar, Fox Donate $2 Mln For Indiana And Purdue University Scholarships August 21, 2026 07:51 ET

    First Lady Melania Trump's Fostering the Future initiative will expand its national network through a $2 million donation from IndyCar and Fox Corporation to fund scholarships at Indiana University and Purdue University. Melania Trump drew attention to the United States' next generation during a Rose...

  • FBI Foils IS-Inspired Terror Plot Targeting New York State Capitol August 21, 2026 07:20 ET

    A young American woman has been charged with a terror plot inspired by the Islamic State targeting New York State Capitol. Jessica Bowie, 35, plotted to deploy an explosive device at the New York State Capitol, with the aim of killing public officials and to destroy "as much of the building as possible" before fleeing to ISIS-controlled territory in Syria, said Assistant Attorney General for Na

  • US, Jamaica Sign Status Of Forces Agreement To Fight Criminal Gangs, Narco-terrorists August 21, 2026 06:41 ET

    The United States and Jamaica have signed a Status of Forces Agreement with a focus on fighting criminal organizations and narco-terrorists who traffic guns, drugs, and people. The Governments of the two countries signed the agreement after a meeting between U.S. Secretary of War Pete Hegseth and...

  • FDA Authorizes Robotic Device Aletta To Draw Blood From Patient's Arm August 20, 2026 07:19 ET

    The U.S. Food and Drug Administration has authorized Aletta, the first standalone robotic device that can draw blood from a patient's arm without hands-on operator intervention. The device is authorized for use in adults in outpatient settings and must be operated under the oversight of a supervisor trained in phlebotomy. One phlebotomist can oversee up to three Aletta devices at the same time,

  • UK Summons Israeli Diplomat Over New West Bank Settlement Project August 20, 2026 06:40 ET

    The UK Government has summoned Israel's Chargé d'Affaires to lodge protest against the Israeli Government's launch of a tender for a major settlement project in the E1 area of the occupied West Bank. Daniela Grudsky Ekstein, who leads Israel's diplomatic mission in London, was summoned on Wednesday to the Foreign Office, which demanded an immediate reversal of the move by the Netanyahu governmen

  • Treasury, IRS Propose Rules To Protect Refundable Tax Credits From Abuse By Illegal Immigrants August 20, 2026 06:32 ET

    The Department of the Treasury and the Internal Revenue Service have issued proposed regulations to apply and clarify the federal law regarding the eligibility requirements for taxpayer-funded refundable individual income tax credits, to ensure that it is protected from abuse by illegal immigrants. "Under...

Global Economics Weekly Update - Aug 17 – Aug 21, 2026

August 21, 2026 14:42 ET
The minutes of the latest policy meeting of the Federal Reserve, housing market data and manufacturing sector survey results were the main news for the U.S. economy this week. In Europe, inflation data from the U.K. was the highlight, while consumer price data from Japan drew attention in Asia.