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  • 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...

  • Polls Suggest Most Americans Want Middle East War To End May 27, 2026 07:27 ET

    Multiple polls in recent weeks suggest Americans generally want the Middle East war to be over, even if it means failing to achieve original goals. 61 percent of registered voters who took part in a Fox News poll last week said the nearly three-moths-old U.S. military operations, code-named 'Operation Epic Fury', should be confined to a "limited time frame," while 39 percent preferred it to last

  • Russian Attack Destroys Humanitarian Food Aid In Ukraine: WFP May 27, 2026 06:52 ET

    The World Food Program has deplored a Russian attack on a warehouse in Ukraine's Dnipro, that destroyed "a significant quantity" of food aid destined for thousands in frontline areas. "Absolutely unacceptable," WFP chief Cindy McCain wrote on X Tuesday, a day after the airstrike. "These deliberate...

  • Ebola Epidemic Spreading Rapidly And Outpacing Containment Efforts: WHO May 26, 2026 10:52 ET

    The World Health Organization says the Ebola epidemic is spreading rapidly and outpacing containment efforts. There are more than 900 suspected cases of the Bundibugyo strain of Ebola in the Democratic Republic of the Congo, and 220 suspected deaths, the head of the UN health agency, Tedros Ghebreyesus,...

  • US, India Sign Critical Minerals Framework May 26, 2026 09:12 ET

    The United States and India have signed a bilateral framework on securing the supply, mining and processing of critical minerals and rare-earths. The concerned documents were signed by visiting Secretary of State Marco Rubio and Indian External Affairs Minister Subrahmanyam Jaishankar at the Hyderabad...

  • Heavy Rain, Thunderstorms To Continue Across Southern US May 26, 2026 08:25 ET

    National Weather Service has predicted that heavy rain and thunderstorms will continue across much of the Southern U.S. through midweek, raising flash flooding and severe weather concerns. Showers and thunderstorms are expected from Texas to the Northeast through Tuesday. Heavy rain will create mainly...

  • Russia Warns Foreigners, Diplomats To Leave Kyiv As It Prepares For New Attacks May 26, 2026 08:05 ET

    Russia has warned foreign nationals and diplomats to leave Kyiv "as soon as possible" ahead of an imminent attack on the Ukrainian capital. In a statement issued on Tuesday, Russia's foreign ministry said the new round of "systematic strikes" will target "decision-making centres and command posts", alongside drone manufacturing facilities in the city. Kyiv residents have been warned against stay

  • US Attacks Iran Missile Launch Sites And Boats May 26, 2026 07:13 ET

    The U.S. forces have launched fresh attacks targeting Iranian missile sites in southern Iran and boats suspected of preparing to lay mines in the Strait of Hormuz. The U.S. Central Command described the latest round of strikes as defensive actions. "US forces conducted self-defense strikes in southern Iran today to protect our troops from threats posed by Iranian forces," Centcom spokesperson Ca

  • Right To Strike Protected Under Key Labor Treaty, Says UN World Court May 22, 2026 10:03 ET

    The UN International Court of Justice has ruled that the right to strike is protected under a core International Labour Organization convention, in a landmark advisory opinion settling a long-running dispute between workers and employers worldwide. By 10 votes to four, the UN World Court ruled on...

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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