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  • Air Express Algeria Banned From Operating In EU June 10, 2026 08:00 ET

    The European Commission has added Air Express Algeria to its EU Air Safety List, and banned the airliner from operating in the European Union skies. The European Commission said this decision is based on serious safety concerns identified during assessments conducted by EU aviation safety experts,...

  • FDA Adds Bemotrizinol To List Of Sunscreen Active Ingredients June 10, 2026 07:44 ET

    The U.S. Food and Drug Administration has added bemotrizinol to the list of permitted sunscreen active ingredients, marking a significant milestone in the agency's efforts to advance sunscreen innovation. Bemotrizinol is the first new active ingredient added to the over-the-counter sunscreen monograph...

  • House Narrowly Passes Bill To Fund ICE And Border Patrol June 10, 2026 07:13 ET

    The U.S. House of Representatives has passed by a narrow majority the Secure America Act, locking in a roughly $70 billion package to fund Immigration and Customs Enforcement and Customs and Border Patrol for the full remainder of the Trump administration's term. Every Democrat in the House and Rep. Kevin Kiley, an independent who caucuses with the Republicans, voted against the bill, but it pas

  • Iran Attacks American Bases In Retaliation For US Targeting Its Key Points June 10, 2026 06:50 ET

    The U.S. Central Command has carried out a series of attacks on Iranian military and surveillance targets in retaliation to the downing of its Army helicopter in the Gulf of Oman. Iran's Islamic Revolutionary Guard Corps said it hit back with strikes on 21 targets at U.S. military bases in the Middle East, including in Bahrain, Kuwait and Jordan, in the early hours of Wednesday. The U.S. allies

  • NASA Names US-European Crew Members For Artemis III Mission In 2027 June 10, 2026 06:48 ET

    Taking another step toward one of the most complex human spaceflight missions in recent history, NASA has announced the four prime crew members and a backup for the upcoming Artemis III test flight to prepare for its next major Moon mission next year. The four-member crew consists of three American astronauts and a European astronaut. NASA's Randy Bresnik will be the mission commander. European

  • Rubio To Sign MOU With UFC To Enhance Sports Diplomacy Initiatives June 09, 2026 07:59 ET

    Secretary of State Marco Rubio will participate in a Memorandum of Understanding signing ceremony at the U.S. Department of State with Dana White, President and CEO of UFC, on Thursday. The MOU signing will mark a new public-private partnership to enhance sports diplomacy initiatives and collaborate...

  • X-59 Aircraft Flies Supersonic For First Time June 09, 2026 07:50 ET

    NASA's experimental X-59 aircraft has marked a major milestone by flying faster than the speed of sound for the first time, setting the stage for demonstrating its quiet supersonic capabilities later this year. NASA test pilot Jim "Clue" Less took off and landed at Edwards Air Force Base in California last Friday, reaching a top speed of approximately Mach 1.1 (713 mph) and altitude of 43,400

  • Lima The World's Best City For Food, According To Time Out June 09, 2026 07:44 ET

    Peruvian capital Lima is the world's best city for food, according to publishing giant Time Out. Time Out publishes the results of its international survey ranking the world's best cities annually, which includes data to uncover other fascinating insights, such as the world's best cities for culture, the coolest neighborhoods, and the world's best food cities. Based on reports from its global ne

  • US Forces Attack Oil Tanker In Gulf Of Oman For Violating Blockade June 09, 2026 07:40 ET

    U.S. forces have attacked an unladen oil tanker in the Gulf of Oman on Monday after the vessel violated the U.S. blockade against Iran by attempting to sail to an Iranian port. U.S. Central Command said it disabled Palau-flagged M/T Marivex as it transited international waters in the Gulf of Oman...

  • US Adds Alibaba, Baidu, Huawei And BYD To List Of Firms With Chinese Military Ties June 09, 2026 07:36 ET

    The US Department of War has added 188 Chinese firms, including e-commerce giant Alibaba, electric car maker BYD, telecom giant Huawei and tech giant Baidu to a list of companies with alleged links to the Chinese military. The Department of War released an updated list of what it called "Chinese military companies operating directly or indirectly in the United States in accordance with the statut

  • Security Council Calls For Immediate Ceasefire As War Hits Deadliest Point In Ukraine June 09, 2026 06:19 ET

    The UN Security Council met on Monday amid a sharp escalation in hostilities across Ukraine, and UN officials warned that the war has reached its deadliest point since Russia's full-scale invasion in 2022. Briefing members, Rosemary DiCarlo, Under-Secretary-General for political affairs, said recent months had seen some of the most extensive aerial attacks of the conflict, while the humanitarian

  • 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,...

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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