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  • US Cuts Steel, Aluminum Duty For Companies That Heavily Utilize American Metals June 02, 2026 06:26 ET

    President Donald Trump has signed a Proclamation reducing import duty to 10% on steel, aluminum, and copper for foreign companies that heavily utilize American metals. Under the new U.S. trade policy, foreign products qualify for this reduced, preferential tariff rate if they contain at least 85 percent U.S.-melted/poured steel or smelted/cast aluminum and copper by weight. This preferential 10

  • Denmark's Frederiksen To Form Center-left Coalition Govt. June 02, 2026 06:06 ET

    After weeks of intense negotiations, Denmark's acting prime minister Mette Frederiksen has announced that her Social Democratic Party has reached a consensus on forming a center-left coalition government. Frederiksen told reporters after meeting King Frederik X that she would present the new cabinet on Wednesday under her third term as prime minister. Frederiksen had resigned after the ruling So

  • UN Warns Of The Onset Of Strongest El Nino In Decades June 02, 2026 05:13 ET

    Fueled by unusually warm ocean waters in the tropical Pacific, El Niño conditions are developing and are set to influence global temperature and rainfall patterns, increasing the risk of extreme weather over the coming months, according to the World Meteorological Organization. A new El Niño/La Niña Update by WMO indicates an 80 percent likelihood of a new phase of the natural El Niño weather pat

  • X-59 To Fly Supersonic For First Time In Test Flights In June June 01, 2026 09:00 ET

    NASA's X-59 quiet supersonic research aircraft is preparing for some of its most significant flights yet. The X-plane is about to begin a new block of test flights that will include its first time flying faster than the speed of sound and other mission-critical objectives. "What comes next is the first time this one-of-a-kind aircraft will fly supersonic," said Cathy Bahm, project manager for NAS

  • 'No Fly Zones' Over World Cup Stadiums In US June 01, 2026 08:43 ET

    Temporary flight restrictions will be in place over stadiums hosting FIFA World Cup football matches and related fan events across the United States to help protect participants and spectators. The temporary flight restrictions will be established by Federal Aviation Administration, in coordination with the Department of Homeland Security and the Department of Justice. During match days, all air

  • Research Reveals Shift In US Landscapes June 01, 2026 08:32 ET

    For most of the past four decades, observations from the Landsat satellite record show that humans have dominated changes to the U.S. landscape. Recent research revealed a shift in that trend, suggesting that disasters might be catching up. In a NASA-funded study published in Nature Geoscience, scientists analyzed nearly 35 years of data from NASA/USGS Landsat satellites to better understand what

  • Colombia's Presidential Election Extends To Runoff June 01, 2026 07:20 ET

    Colombia's presidential election is heading to a runoff after Sunday's vote failed to produce a clear winner. The right-wing candidate Abelardo de la Espriella, a close ally of President Donald Trump, received the most votes - 43.7 percent - while the left-wing senator Iván Cepeda, an ally of the outgoing president Gustavo Petro, came second with 40.9 percent. As none of the 13 candidates in th

  • Thunderstorms Forecast Across Northern Rockies, Into The Plains June 01, 2026 06:25 ET

    The National Weather Service has warned that showers and thunderstorms will be possible from the northern Plains to the Gulf Coast on Monday. Thunderstorms with large hail and severe wind gusts are expected Monday afternoon and evening across parts of the central Plains. On Monday, a lingering upper-level...

  • US, Iran Exchange Fire Around The Strait Of Hormuz June 01, 2026 05:50 ET

    The United States and Iran have exchanged fire around the Strait of Hormuz over the weekend, marking the third escalation of hostilities last week in the region. The U.S. Central Command said it conducted "self-defense strikes on Iranian radar and command and control sites for drones in Goruk, Iran,...

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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