The United States once again vetoed a UN resolution demanding an immediate, unconditional and permanent ceasefire in the Gaza Strip, following a vote in the Security Council on Thursday.
The negative vote was cast as the 15-member Council held its 10,000th meeting against the backdrop of famine spreading in the besieged enclave and an ongoing Israeli offensive to take full control of Gaza City.
The resolution also demanded the release of all hostages held by Hamas and for Israel to lift all restrictions on the entry of humanitarian aid and ensure that it is safely distributed to the population - in particular by UN agencies and partners.
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Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.