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  • Day Of Draws In FIFA World Cup June 16, 2026 09:36 ET

    It was a day of draws in the FIFA World Cup Day 5, as all the four matches Monday ended without a winner. While the tiny country of Cape Verde held European powerhouse Spain to a shocking goalless draw for more than 95 minutes, Saudi Arabia managed to tackle Uruguay 1 - 1; Belgium could not overpower Egypt (1-1); and Iran salvaged a hard-earned 2-2 draw against New Zealand. Nobody predicted Cap

  • As World Waits For Details On US-Iran Deal, UN Calls For Hormuz Aid Corridor June 16, 2026 08:11 ET

    As representatives of Iran and the United States reportedly prepare to sign a new peace agreement at the end of the week, the UN has stressed the urgent need to open an aid corridor to transit the choked-off Strait of Hormuz and prevent a global hunger crisis. At the Human Rights Council in Geneva,...

  • UK Announces Major Sanctions Package Choking Off Russia's War Effort June 16, 2026 08:05 ET

    On Tuesday, the UK has annuonced a major sanctions package aimed at choking off Russia's war effort across multiple fronts. The latest round of punitive action by the UK includes 70 new sanctions targeting Russia's illicit shadow fleet, military procurement supply chains, and illicit finance networks used to circumvent Wedtern sanctions. The sanctions further crack down on Russia's decrepit

  • Social Media To Be Banned For Under-16s In UK June 16, 2026 07:29 ET

    In a landmark move, the UK government has banned Social media platforms to under-16s. The Department for Science, Innovation and Technology said the Social media platforms will be blocked from offering services to children below this age group to protect kids with world-leading additional restrictions on harmful features online such as live streaming and strangers communicating with children. T

  • 8 Killed In US Air Force B-52 Bomber Crash In California June 16, 2026 06:37 ET

    Eight people on board a US Air Force B-52 bomber have been killed in a crash during test flight at Edwards Air Force Base in southern California. The B-52 Stratofortress reportedly crashed immediately after take-off from the remote air base at 11:20 a.m. local time Monday, and burst into flames. "Today,...

  • X-59 Reaches Speed, Altitude For Future Quiet Supersonic Flights June 15, 2026 11:13 ET

    NASA's X-59 experimental supersonic plane has reached a major milestone, flying in Mach 1.4 speed and an altitude of 55,000 feet, the conditions required for the aircraft to make future flights critical to its mission. NASA said that the X-59 still has months of performance testing ahead, but after those are complete, its Quesst mission will fly the aircraft over several U.S. communities to c

  • G7 Leaders To Discuss Long-term Reopening Of Strait Of Hormuz June 15, 2026 08:37 ET

    French President Emmanuel Macron has announced that the G7 summit in France will discuss the long-term reopening of the Strait of Hormuz as part of the US-Iran deal, set for signing later this week. "The aim will be to see the consequences of this agreement, support for Lebanon, the lasting reopening of Hormuz and of course the concluding of an accord on nuclear and ballistic activities in Iran,"

  • Stanford Students Walk Out In Protest During Google CEO's Speech June 15, 2026 08:20 ET

    A section of graduates at Stanford University staged a walkout during Google CEO Sundar Pichai's keynote address, protesting over the technology giant's reported contracts with Israeli government. Pichai, who is an alma mater of Stanford University, returned to the institution Sunday to deliver keynote address at the commencement ceremony for the class of 2026. The walk out, staged by a group o

  • Germany, Sweden Record Big Wins; Japan Holds The Dutch 2-2 June 15, 2026 07:40 ET

    European giants Germany and Sweden recorded big wins in a free-scoring fourth day of action at the FIFA World Cup 2026 as 19 goals flew in venues across the United States. Germany trounced tiny Caribbean island country of Curacao by 7-1 in a Group E match at Houston Stadium Sunday. After Felix Nmecha had fired Germany in front early on, the Concacaf debutants drew level through Livano Comenecia

  • US, Iran To Sign Peace Deal To End War; Trump Says Strait Of Hormuz To Reopen June 15, 2026 05:36 ET

    The United States and Iran have agreed to a peace deal to end the Middle East war. The agreement will be signed on this Friday in Geneva, Switzerland. The diplomatic breakthrough came hours ahead of President Donald Trump's departure to Europe for the G7 summit. He announced that the Strait of Hormuz will reopen after the agreement is signed and the United States will lift its naval blockade of

  • Trump Signs Proclamation Restoring Commercial Fishing In The Pacific June 12, 2026 08:41 ET

    President Donald Trump has signed a proclamation to restore commercial fishing access to nearly half a million square miles in the Pacific. The proclamation restores commercial fishing access to the Mau and Ho'omalu Zones of the Papahanaumokuakea Marine National Monument, the Islands Unit of the Mariana Trench Marine National Monument, and the Rose Atoll Marine National Monument. Prohibiting co

  • Spain's Football Prodigy Lamine Yamal Named UNICEF Goodwill Ambassador June 12, 2026 07:49 ET

    As the World Cup football championship got off to a start Thursday, UNICEF announced that Spain's teenage superstar Lamine Yamal has been made its youngest-ever Goodwill Ambassador, focusing on children's right to play and supporting those living in humanitarian emergencies, such as conflict or natural...

  • State Dept Signs MOU With Starlink To Use Satellite For Critical Disaster Response June 12, 2026 07:34 ET

    The U.S. Department of State and Starlink have signed a Memorandum of Understanding to enhance international disaster preparedness and U.S. humanitarian response efforts worldwide. The two-year MOU leverages Starlink's low-Earth orbit satellite technology, an American innovation, to restore critical...

  • Supreme Court Denies Alabama's Appeal To Carry Out Execution By Nitrogen Gas June 12, 2026 07:16 ET

    The U.S. Supreme Court has denied the state of Alabama's appeal to execute death row inmate Jeffery Lee by nitrogen hypoxia. The Supreme Court issued an order Thursday refusing to overturn a federal court's ruling that nitrogen suffocation is unconstitutional, which means the convicted murderer's execution will be delayed. The State of Alabama appealed the ruling by two lower courts previously

  • Mexico, South Korea Win FIFA World Cup Openers June 12, 2026 06:42 ET

    Hosts Mexico made a perfect launch of their World Cup 2026 campaign Thursday with an authentic 2-0 win against South Africa in A Group. The second match of Day 1 saw South Korea coming from a goal behind to score twice to defeat Czech Republic 2-1. Both the winners now have 3 points each and with a good chance to advance to the second round. In a game that featured three red cards at the Aztec

Global Economics Weekly Update - Jun 08-12, 2026

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.