US Holds Military Drill in Venezuela’s Capital

Sweden Sees Russia-NATO Conflict In 'Relatively Near Future' Russia could test the NATO alliance's unity and its "all-for-one" collective defense commitments in the "relatively near future," Sweden’s Defense Commission has said, sounding the alarm in a fresh report issued Friday. In the blunt interim report cited by Radio Sweden, the commission made it clear that Moscow's 'aggression' against the West is no longer a distant threat, but that "An armed attack against Sweden or our allies cannot be ruled out." Getty Images So far throughout the Russia-Ukraine war, now in its fifth year,...

Treasury Secretary Scott Bessent announced that Washington has issued a 60-Day waiver for sanctions on Iranian oil. “In line with the ongoing productive talks in Switzerland, Iran has committed to free and open transit in the Strait of Hormuz and to permit International Atomic Energy Agency (IAEA) inspectors into their country,” he wrote on X. […]

IMF Downgrades Global Growth Forecast Second Time In A Row The IMF downgraded global growth prospects for the second time this year, saying it expects the global economy to grow by just 3 percent in 2026. As Statista's Katharina Buchholz reports, in January, this projection had still stood at 3.3 percent. While the downgrade is slight, it still conveys the multiple risks to the global economy currently present. As shocks from the Iran war persist, driving up the price of energy and other traded goods, disinflation has stalled and financial markets continue to be at risk of...