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Taiwan Deploys Ships After Chinese Survey Vessel Near Pratas Islands
Taiwan's navy dispatched the patrol frigate CG-129 Kaohsiung and two patrol boats after a Chinese survey vessel was spotted near restricted waters around the Pratas Islands, according to CNA.
US Employee Share of Corporate Income Hits Record Low 54% as Profits Surge
Employee compensation as a share of US corporate GDP has fallen to about 54%, the lowest level since records began in 1948. Meanwhile, corporate profits as a share of GDP have risen to an all-time high of approximately 11.5%.
Cuba Says U.S. Oil Blockade Killing Children
Cuban Foreign Minister Bruno Rodríguez accused the United States of causing the deaths of Cuban children through its oil blockade and heightened threats against the island.
US Forces Shoot Down Iranian Drones Threatening Strait of Hormuz
US Central Command reported that American forces shot down two Iranian one-way attack drones near the Strait of Hormuz. The drones posed a threat to international maritime traffic.
US Home Sellers Retreat: Delistings Hit Highest Since March 2020
Delistings as a share of US home listings hit 5.8% in April, the highest since the pandemic onset, with Atlanta leading at 10.7%. Sellers are pulling properties as inventory outpaces demand, deepening the market stalemate.
US tech layoffs surge in May, AI cited as top reason
US-based technology employers announced 38,242 job cuts in May, the highest monthly total since August 2024, according to Challenger Gray data. AI was the most cited reason for the third consecutive month, with 38,579 cuts attributed to AI in May alone.
Global Central Banks Buy 17 Tonnes of Gold in April, Reversing March Sales
Global central banks added 17 tonnes of gold in April, reversing March's net sales. Poland led purchases with 14 tonnes, while China added 8 tonnes, extending its buying streak to 18 months.
Palestinian Factions End Cairo Meeting, Plan Further Talks with Mediators
Palestinian factions concluded a meeting in Cairo and agreed to hold another session with mediators today, as disagreements persist on key issues.
US Small Business Hiring Intentions Halve, Hit 2001/2008 Recession Lows
Just 9% of US small business owners plan to hire in the next 3 months, the lowest since May 2020 and matching levels seen during the 2001 recession and the start of the 2008 financial crisis. Hiring intentions have halved over six months, while 13% cite labor costs as their top problem, a record high.
Trump Says US May Take Equity Stakes in AI Companies, to Meet Executives Next Week
President Trump indicated the administration could buy equity stakes in US AI firms and will host a meeting with AI executives as soon as next week, according to Reuters.
GCC Secretary General: Security of Bahrain and Kuwait Integral to Cooperation Council States
The Gulf Cooperation Council reaffirms that the security of Bahrain and Kuwait is inseparable from that of all GCC members, pledging unified support.
GCC Secretary-General Condemns Iranian Terrorist Acts as Dangerous Escalation
The Gulf Cooperation Council's top official labeled Iranian actions as dangerous, irresponsible, and a direct threat to regional security, citing violations of international law.
UAE Expresses Solidarity with Kuwait on Security Measures
The UAE Ministry of Foreign Affairs has voiced full support for Kuwait's measures to preserve its security and stability, reaffirming bilateral ties.
UAE expresses full solidarity with Bahrain over security measures
The UAE Ministry of Foreign Affairs has voiced full support for Bahrain's steps to safeguard its security and stability, reaffirming strong bilateral ties.
Bahrain Defense Force Condemns Targeting of Civilians as Violation of International Law
Bahrain's Defense Force General Command stated that the deliberate use of missiles and drones to target civilians and private property is a flagrant violation of international humanitarian law.
Kuwait Condemns Iranian Aggression as Violation of Sovereignty
Kuwait's Foreign Ministry issued a statement condemning Iranian aggressions as a blatant violation of Kuwait's sovereignty, security, and territorial integrity, and a flagrant breach of international law and the UN Charter.
US Forces Strike Iranian Radar Sites After Intercepting Missiles and Drones
US Central Command reports that US forces intercepted multiple Iranian ballistic missiles and drones targeting the Strait of Hormuz and Persian Gulf countries, then retaliated by striking Iranian coastal surveillance radar sites in Goruk and on Qeshm Island.
Pentagon Raises Israel Counterintelligence Threat to Highest Level
The Pentagon has escalated Israel's counterintelligence threat level to its maximum, citing increased Israeli intelligence gathering on U.S. officials and Middle East policy deliberations.
NBA Finals Game 3 Sets Record with Cheapest Ticket at $10,622
The cheapest ticket for Game 3 between the Knicks and Spurs is $10,622, making it the most expensive NBA game in history.
Tim Walz Accuses Trump of Profiting from Middle East Conflict
Minnesota Governor Tim Walz claimed that the Trump family is benefiting financially from the ongoing Middle East conflict, which he says is driving up costs and inflation.
CENTCOM: U.S. and Allies Intercepted Iranian Missiles and Drones
The United States Central Command confirmed that U.S. and partner forces intercepted multiple Iranian ballistic missiles and drones launched across the region.
IRGC Fires on Four Tankers in Strait of Hormuz
Iran's Islamic Revolutionary Guard Corps reportedly opened fire on four oil tankers attempting to transit the Strait of Hormuz without permission, escalating tensions in a key global oil chokepoint.
Iran Launches Drones Toward Strait of Hormuz
Iran has reportedly launched drones toward the Strait of Hormuz, continuing recent patterns of drone activity in the region. U.S. forces have previously intercepted similar threats to shipping lanes.
Americans Keep Cars Longer Amid High Prices and Interest Rates
U.S. consumers are holding onto vehicles for longer periods due to high new-car prices, elevated interest rates, and affordability concerns, reshaping the auto industry.