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  • FDA Broadens Access To OTC Naloxone Nasal Spray For Opioid Overdose June 17, 2026 10:26 ET

    The U.S. Food and Drug Administration has approved another over-the-counter (OTC) intranasal naloxone product for the emergency treatment of opioid overdose. Consumers may directly purchase Rextovy, a 4 milligram naloxone hydrochloride nasal spray, without a prescription in places such as pharmacies,...

  • US Pledges $1 Bln In Aid To UNICEF, WFP To Address Humanitarian Needs June 17, 2026 10:24 ET

    The United States has announced more than $1 billion in humanitarian and disaster response assistance to UNICEF and the World Food Program through new global macro awards, which cover life-saving support in more than 40 countries. This announcement builds directly on the success of the Trump Administration's...

  • G7 To Create Ports Network To Combat Drug Trafficking June 17, 2026 10:22 ET

    In an effort to combat global drug and precursor chemical trafficking, the G7 summit has decided to create "7+ Ports Network to Combat Drug Trafficking'. The new initiative aims to reinforce cooperation between G7 members and their partners' main maritime ports in coordination with the European Ports...

  • 5 Men Arrested And Charged In Plot To Attack UFC Event At White House June 17, 2026 07:45 ET

    The Justice Department has announced charges against five men who were arrested for an alleged plot to carry out an attack at a White House event at the weekend. According to FBI, the accused were planning to kill government officials and others attending the Ultimate Fighting Championship Freedom 250 event held at the White House on Sunday. The FBI launched an investigation into the plot and

  • Messi Hat-trick Brightens Day Of Superstars In FIFA World Cup June 17, 2026 06:57 ET

    On a day superstars went on a goal scoring spree, Argentinian football maestro Lionel Messi's hat-trick lit up one of this World Cup's most spectacular first round matches. Hours after France's Kylian Mbappe and Norway's Erling Haaland led their teams to authentic wins in Group I with two goals each, it was Messi who shined brightest of them all as he inspired defending champions Argentina to a

  • IQM Deploys Its First US Quantum Computer At Oak Ridge Lab June 17, 2026 06:28 ET

    The U.S. Department of Energy's Oak Ridge National Laboratory, or ORNL, has launched Pathfinder, the first commercially procured quantum computer at the federally funded research and development center. Built and deployed by IQM Quantum Computers, the 20-qubit IQM Radiance system marks the superconducting hardware developer's first quantum computer installation in the United States. The deployme

  • 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

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.