The United States has vetoed a UN Security Council resolution that demanded an immediate and unconditional ceasefire in the Gaza Strip.
Despite having secured 14 votes in favor, the draft resolution put forward by the 10 elected members of the Security Council on Wednesday failed to pass owing to the negative vote by a permanent member, the U.S.
The text also reiterated the Council's demand for the immediate and unconditional release of all hostages, but the U.S. vetoed it saying it doesn't guarantee the release of hostages.
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Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.