President Joe Biden has announced a new package of military assistance that includes significant air defense capabilities to help Ukraine protect its people from Russia's continued aerial attacks.
The $325 million arms package was announced just after Russia launched another wave of airstrikes against five cities in Ukraine that hit critical civilian infrastructure and knocked out power in many parts of the country.
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Business News
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.