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Tue, Jun 16, 2026 04:21 AM All times are UTC

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Trump Faces Pressure as Fed Chair Kevin Warsh Takes Over

May 25, 2026 10:27 am UTC| Politics Economy Central Banks

President Donald Trump can no longer blame former Federal Reserve Chair Jerome Powell for the state of the U.S. economy after appointing Kevin Warsh as the new head of the Federal Reserve. With Warsh now leading the...

ECB Signals Possible Rate Hike as Iran Conflict Fuels Inflation Concerns

May 24, 2026 12:43 pm UTC| Central Banks Economy

The European Central Bank is increasingly considering an interest rate hike at its upcoming June meeting as rising energy prices linked to the Iran conflict continue to intensify inflation pressures across the eurozone,...

ECB Warns Euro Zone Inflation Will Keep Rising Despite Strait of Hormuz Reopening

May 22, 2026 10:06 am UTC| Economy Central Banks

European Central Bank President Christine Lagarde warned that inflation in the euro zone is expected to continue rising due to the ongoing Iran war, even if the Strait of Hormuz reopens immediately. Speaking on Friday...

Trump to Swear In Kevin Warsh as New Federal Reserve Chair Amid Inflation Concerns

May 22, 2026 00:16 am UTC| Politics Economy Central Banks

U.S. President Donald Trump is set to officially swear in Kevin Warsh as the new chair of the Federal Reserve on Friday at the White House, marking a major leadership shift at the U.S. central bank. Warsh was confirmed by...

Hawkish Pivot: Fed Minutes Reveal Deep Divisions and Higher Bars for Rate Cuts

May 21, 2026 12:11 pm UTC| Central Banks Insights & Views

The minutes from the Federal Open Market Committee (FOMC) meeting held on April 29, 2026, which were released recently, have sent a sobering warning to the world markets: the age of easy money is being pushed further into...

ECB Signals Possible Rate Hike as Middle East Tensions Push Euro Zone Inflation Higher

May 21, 2026 05:24 am UTC| Central Banks Economy

The European Central Bank (ECB) is increasingly likely to raise interest rates in June as escalating geopolitical tensions in the Middle East continue driving energy prices higher across the euro area. ECB policymaker and...

Fed Signals Possible Rate Hikes if Inflation Remains High in 2026

May 21, 2026 00:38 am UTC| Central Banks Economy

The Federal Reserve indicated that additional interest rate hikes could be necessary if U.S. inflation continues to stay above the central banks 2% target, according to minutes from the Federal Open Market Committee (FOMC)...

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Economy

China Industrial Output Beats Forecasts as Domestic Demand Weakens

Chinas industrial production expanded slightly more than expected in May, highlighting the resilience of the countrys manufacturing sector despite mounting economic challenges. According to official data released on...

BOJ Raises Interest Rates to 1% as Inflation Pressures Persist

The Bank of Japan (BOJ) raised its benchmark interest rate by 25 basis points to 1.0% on Tuesday, marking its highest policy rate in 31 years as the central bank continues its efforts to combat persistent inflation. The...

Asian Markets Mixed Ahead of Key Central Bank Decisions

Asian stock markets traded mixed on Tuesday as investors closely monitored upcoming interest rate decisions from the Bank of Japan (BOJ) and the Reserve Bank of Australia (RBA). While South Korean equities led regional...

BOJ Raises Interest Rates to 31-Year High, Signals Strong Focus on Inflation Risks

The Bank of Japan (BOJ) has raised its benchmark interest rate to 1.0%, marking the highest level in 31 years as policymakers intensify efforts to address persistent inflation pressures and growing global economic...

Global EV Sales Rise for Third Consecutive Month in May Despite Regional Market Challenges

Global demand for electric vehicles (EVs) continued to grow in May, marking the third consecutive month of year-over-year gains as government incentives and elevated fuel costs encouraged consumers to shift away from...

Politics

Trump Administration Closes Delta Air Lines Investigation Over 2024 CrowdStrike Outage

The U.S. Department of Transportation (USDOT) has officially closed its investigation into Delta Air Lines handling of the massive July 2024 CrowdStrike-related technology outage without imposing any penalties, marking a...

North Korea Reports Industrial Output at 105% of Target Following Party Congress

North Koreas industrial output exceeded its planned targets during the first 100 days following the ruling Workers Party Congress held in February, according to state-run Korean Central News Agency (KCNA). The country...

G7 Summit Opens in France as Leaders Weigh Iran Peace Deal, Ukraine War, and Global Economy

Leaders of the Group of Seven (G7) nations gathered in Evian-les-Bains, France, on June 15 for a three-day summit dominated by discussions on a newly announced U.S.-Iran peace agreement, the war in Ukraine, and growing...

E4 Nations Signal Readiness to Lift Iran Sanctions Following U.S.-Iran Peace Deal

The United Kingdom, France, Germany, and Italy have expressed their willingness to lift sanctions on Iran if the country takes concrete steps to address concerns surrounding its nuclear program. The announcement came after...

Mitch McConnell Hospitalized After Medical Incident in Washington

U.S. Senator Mitch McConnell was admitted to a hospital on Sunday morning following a medical incident, according to a statement released by his spokesperson. The Kentucky Republican, who has served in the Senate for...

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

Technology

SoftBank Vision Fund CFO Navneet Govil to Exit After Decade-Long Tenure

SoftBank Groups Vision Fund investment division is set to undergo a key leadership change as Navneet Govil, Chief Financial Officer of SoftBank Investment Advisors, prepares to leave the company after nearly a decade,...

OpenAI's $34B Spending Pushes AI Market Leadership Ahead of IPO

OpenAI invested approximately $34 billion in 2025 as it intensified efforts to strengthen its position in the rapidly expanding artificial intelligence market ahead of a potential initial public offering (IPO), according...

SpaceX Stock Soars After Historic IPO, Reaches $2.5 Trillion Market Value

SpaceX (NASDAQ: SPCX) continued its strong post-IPO rally on Monday, extending gains after a record-breaking Nasdaq debut that marked the largest initial public offering in history. The aerospace and satellite technology...

Elon Musk Becomes World's First Trillionaire After SpaceX IPO Surge

Elon Musk has become the worlds first trillionaire, further cementing his status as one of the most influential entrepreneurs of the modern era. The milestone follows the highly successful initial public offering (IPO) of...

ByteDance Eyes Iluvatar, Baidu AI Chips Amid China’s AI Push

ByteDance, the parent company of TikTok, is reportedly in discussions to purchase artificial intelligence (AI) chips from Shanghai-based Iluvatar CoreX and is also evaluating AI semiconductor products from Baidus chip...