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  • 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,...

  • AI's Environmental Costs Threaten Water, Land And Climate, UN Warns June 05, 2026 09:56 ET

    Artificial Intelligence is not only responsible for worrying amounts of earth-warming greenhouse gases: the technology's environmental footprint is also expanding at a pace that could strain the planet's natural resources, according to a new UN study. Data centers, the global infrastructure powering AI, could consume 945 terawatt-hours of electricity annually by 2030 - nearly triple the combined

  • Atlanta MARTA Security Spending, Safety Plans To Be Probed After Murder On MARTA Train June 05, 2026 07:38 ET

    U.S. Transportation Secretary Sean P. Duffy has directed the Federal Transit Administration to launch an investigation of Atlanta's Metropolitan Atlanta Rapid Transit Authority, or MARTA. The investigation will review the transit agency's security spending, safety protocols, and risks to riders and workers. The...

  • NASA Satellites Show Mangrove Forest Expansion Globally June 05, 2026 07:09 ET

    NASA satellite images show that mangrove forests, which protect shorelines, support coastal ecosystems, and store large amounts of carbon along saltwater coasts, are more resilient than scientists once believed. Four decades of Landsat observations reveal that mangrove forest coverage shifted from long-term...

  • World's First AI-designed Vaccine Could Protect Against Viruses, Researchers Say June 05, 2026 06:58 ET

    A "fundamentally new" type of vaccine, developed using artificial intelligence for the first time in the world, has the potential to act against a variety of viruses and protect the world from future pandemic outbreaks, say researchers. A Cambridge-led team has developed a way to engineer better vaccines that could provide broad protection from thousands of variants of viruses - such as coronavir

  • House Passes Ukraine Aid And Russian Sanctions Bill With GOP Support June 05, 2026 06:54 ET

    The U.S. House of Representatives has passed with the support of 18 Republican lawmakers a sweeping legislation that includes major Ukraine aid and Russia sanctions package. The Ukraine Support Act authorizes $1.3 billion in security assistance to Ukraine, $8 billion in arms sales, and imposes broad, sweeping new oil and gas sanctions against Russia. The first major Ukraine-assistance package fr

  • Hezbollah Rejects Israel-Lebanon Ceasefire June 05, 2026 06:47 ET

    The leaders of Hezbollah's military wing have reportedly rejected a US-led ceasefire renewal agreement between Lebanon and Israel, calling it "futile." In a statement issued on Thursday, the Iran-backed Lebanese militant group's leader Naim Qassem said "broad segments of the Lebanese people" have...

  • Kyrgyzstan Elected As Non-permanent Member Of Security Council For First Time June 04, 2026 08:25 ET

    A closely watched UN Security Council election delivered a mix of continuity and change on Wednesday, as Austria, Portugal, Trinidad and Tobago, Zimbabwe - and first-time member Kyrgyzstan, secured seats as non-permanent members of the apex Council. The five countries were elected by the 193-member General Assembly to serve as non-permanent members of the Security Council for two-year terms begin

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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