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  • EU Advances EURO 90 Bln For Ukraine To Meet Urgent Budgetary, Defense Needs May 29, 2026 08:38 ET

    The European Commission has said that it has advanced EURO 90 bln laon for Ukraine to meet its urgent budgetary and defense needs as Russia has intensified attacks on the country. It covers two thirds of Ukraine's overall financing and defence needs for 2026 and 2027. This week, the Commission...

  • Airports In 43 US States Granted $523 Mln To Modernize Infrastructure May 29, 2026 08:35 ET

    U.S. Transportation Secretary Sean P. Duffy announced that the Federal Aviation Administration will invest more than $523 million in airports nationwide to modernize infrastructure, improve safety and deliver a more efficient travel experience. The Department delivered 332 grants to airports in 43...

  • World Heading To Another Period Of Dangerous Heat: UN Report May 29, 2026 08:34 ET

    The world is heading into another period of dangerous heat, and it's nearly certain global temperatures over the next five years will stay "at or near record levels" as climate change accelerates across land and sea, a new UN report warns. A report produced by the UK Met Office and released on Thursday by the World Meteorological Organization said there is an 86 per cent chance that at least one

  • World Cup Host Nations Announce Public Health Travel Measures For African Fans May 29, 2026 08:05 ET

    Three nations hosting the 2026 FIFA World Cup host have announced Public Health Travel Measures for African fans attending the football tournament in July-August. The United States, Mexico, and Canada have announced aligned public health travel measures for individuals coming from African regions...

  • US Allocates $80 Mln To Expand Response To Contain Ebola Outbreak May 29, 2026 08:03 ET

    The U.S. government has announced an additional $80 million in bilateral assistance to key partners on the ground to contain the Ebola outbreak at its source and to protect the American people and prevent further international spread. The Department of State said the new funding will be used for PPE...

  • US Oil And Gasoline Reserves On The Decline, Federal Data Shows May 29, 2026 06:35 ET

    The U.S. stockpiles of crude oil, gasoline and diesel are rapidly declining due to strong demand and global supply disruptions caused by the Middle East war, according to the latest federal data. The amount of crude oil and energy products in commercial and emergency storage further dwindled by 17.4 million barrels last week, U.S. Energy Information Administration weekly petroleum status reports

  • New Salmonella Outbreak Linked To Moringa Leaf Products May 28, 2026 09:13 ET

    CDC has issued a new food safety alert in the wake of two separate Salmonella outbreaks linked to moringa leaf products. Eighteen people across 14 states have fallen sick with the same strain of Salmonella. Out of them, seven people have been hospitalized, while no deaths were reported. Information...

  • US And Mexico To Hold Talks Related To Joint Review Of USMCA May 28, 2026 09:12 ET

    The Office of the United States Trade Representative has announced that the United States and Mexico will hold a series of bilateral negotiating rounds related to the first Joint Review of the United States-Mexico-Canada Agreement, or USMCA. On May 28-29, Deputy US Trade Representative Ambassador...

  • NASA-European Sea Level Mission Shows Sign Of El Nino Emerging Later This Year May 28, 2026 08:10 ET

    Sea level data from a satellite launched by NASA and European partners shows that a swell of warm water hundreds of miles wide has arrived in the Pacific Ocean off the coast of South America, a sign that El Niño will likely emerge later in the year. Because water expands as it warms, a rise in elevation of an area of the ocean indicates increasing ocean temperatures. El Niños can cause heavy rain

  • US Sanctions Persian Gulf Strait Authority Extorting Toll In Strait Of Hormuz May 28, 2026 07:40 ET

    The U.S. Government has imposed sanctions on Persian Gulf Strait Authority, an Iranian government agency responsible for the authorization and regulation of maritime transit through Iranian waters. It was launched on May 5 as the U.S. warships entered the Strait of Hormuz to enforce blockade of Iranian ports. After the U.S. attacked Iran, Iran declared that vessels would be required to pay for s

  • Iran Says It Targeted US Air Base In Reply To Fresh Strikes May 28, 2026 06:46 ET

    US forces launched air raids in Iran for the second time in three days, evoking retaliation by the Islamic Revolutionary Guard Corps. The most powerful branch of the Iranian military IRGC said it has targeted an American air base in the region, alleging that the US strikes on Iranian targets hours before originated from there. Kuwait, where the United States has a military base, said it had int

  • DHS Issues New Directive To Crack Down On Asylum Fraud May 27, 2026 08:18 ET

    The Department of Homeland Security has released a new directive instructing U.S. Immigration and Customs Enforcement to take additional steps to crack down on fraudulent asylum claims. DHS instructed ICE to develop anti-fraud policies that will further enforce 8 U.S.C. §?1324c(d), a law that establishes...

  • UK To Sign New Defense And Security Treaty With Poland May 27, 2026 08:14 ET

    The UK is set to sign a new defense and security treaty with Poland to protect British borders, tackle organised crime, bolster collective defences and deepen cooperation with the European Union. UK Prime Minister Keir Starmer will host his Polish counterpart, Donald Tusk, in London Wednesday, as they prepare to sign the new agreement to strengthen defense cooperation in the face of increasing ho

  • UN Urges Airlines To Stick To Safety Measures In Wake Of Ebola Outbreak May 27, 2026 08:05 ET

    As a deadly Ebola strain continues to spread in the Democratic Republic of the Congo, with cases confirmed in neighbouring Uganda, the UN aviation agency is urging governments and flight operators to closely follow guidelines put in place following the Covid-19 pandemic. The outbreak of the Bundibugyo...

  • Israel Says It Killed Hamas Military Commander In Gaza May 27, 2026 08:02 ET

    Hamas's military commander in Gaza Mohammed Odeh has been killed in an air raid on Tuesday, Israel says. Israel's military and Shin Bet security service said Odeh was killed in an operation in Gaza City following months of intelligence tracking. Reports say that Odeh was killed alongside his wife...

Global Economics Weekly Update -May 18 – May 22, 2026

May 22, 2026 14:46 ET
Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.

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