Iran warns it will strike UK air base

These Are The World's Most Prosperous Countries The world’s richest countries are not always the most prosperous. As Visual Capitalist's Dorothy Neufeld details below, according to the Atlantic Council’s 2026 Prosperity Index, the world’s most prosperous countries tend to combine economic strength with high living standards. Meanwhile, the U.S. places 38th overall, far below many smaller advanced economies, highlighting the gap between wealth creation and broader quality of life. Europe Leads Global Prosperity Rankings Europe dominates the rankings, claiming 30 of the top 40 spots. Norway, Iceland, Denmark, and Sweden all place in the global...

Somali Piracy Was Under Control, Then Came The Iran War... Authored by Khaled Mahmoud via Responsible Statecraft, From the start, the U.S.-Israeli war on Iran has been a story of unintended consequences. Contrary to President Donald Trump's hopes for a quick victory, the conflict has morphed into a sustained crisis, one that has driven up oil prices, driven down tourism in the Middle East, and reshaped the region's geopolitical map. Somali pirates on captured MV Faina off the coast of Somalia in 2008. (U.S. Navy photo by Mass communication Specialist 2nd Class...

Yields Spike As Producer Prices Explode Higher In April After yesterday's hotter than expected CPI (driven in large part by Energy, but seeing some contagion into Services costs), this morning's Producer Price print for April was expected to show a major surge in annual wholesale inflation. With the eight straight monthly increase, PPI rose by a massive 1.4% MoM (vs +0.5% MoM exp) - the biggest MoM jump since March 2022, lifting PPI by a stunning 6.0% YoY (vs 4.8% YoY exp). That is the hottest PPI YoY since Dec 2022... Source:...