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  • More Countries Join European In-Space Operations And Services Pilot Mission June 11, 2026 08:22 ET

    The European Union has signed a joint declaration with Greece, Italy, the Netherlands, Sweden, and Norway in support of advancing plans for a new pilot mission to perform tasks in orbit. The In-Space Operations and Services (ISOS) pilot mission is a step towards a European in-orbit service infrastructure....

  • FIFA World Cup 2026 Set To Kick Off In Mexico City June 11, 2026 07:28 ET

    The wait is over. The stage is set for the FIFA World Cup to kick off Thursday with hosts Mexico taking on South Africa in a Group A match at the Aztec stadium in capital Mexico City. As excitement reaches fever pitch around the globe, Mexico finds itself firmly in the spotlight. El Tri will shoulder the hopes of a nation when they take on South Africa, the team they faced at the same stage of th

  • US, Iran Continue To Exchange Fire After Trump Warns Of Major Strikes June 11, 2026 06:06 ET

    For the second consecutive day, the US military attacked Iran's military surveillance capabilities, communication systems, and air defense sites in the south, calling them "self-defense strikes." Iran responded with strikes targeting US military bases in Bahrain, Kuwait and Jordan. Iran's state media quoted the Islamic Revolutionary Guard Corps as saying that it attacked a US command center in J

  • India Summons US Diplomat After Deadly US Attack On Oil Tanker June 11, 2026 05:49 ET

    The Indian government has summoned the deputy head of the U.S. mission in capital New Delhi in protest against the fatal U.S. attack on an Iran-linked oil tanker in the Gulf of Oman earlier this week. Indian media reported that Nagaraj Naidu, Additional Secretary in India's Foreign Ministry, summoned U.S. Charg d'Affaires Jason Meeks on Wednesday, a day after the Palau-flagged MT Settebello came

  • 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

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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