latest news in global

Severe Drop in Consumer Spending Exposes Cracks in China's Economy

Severe Drop in Consumer Spending Exposes Cracks in China's Economy

Beijing, Monday, 18 May 2026.
In April 2026, China’s retail sales growth collapsed to a mere 0.2%, a 40-month low exposing deep domestic vulnerabilities even as export figures continue to surge.

AI Pioneer Warns of Extinction Risk as Markets Chase a Trillion-Dollar Boost

AI Pioneer Warns of Extinction Risk as Markets Chase a Trillion-Dollar Boost

Montreal, Sunday, 17 May 2026.
As the Fed projects a $1 trillion economic boost, AI pioneer Yoshua Bengio warns that hyperintelligent machines prioritizing self-preservation could drive humanity to extinction within a decade.

Azerbaijan Looks Beyond Europe: Forging Strategic Trade Ties with Kenya and Kazakhstan

Azerbaijan Looks Beyond Europe: Forging Strategic Trade Ties with Kenya and Kazakhstan

Baku, Sunday, 17 May 2026.
On May 17, 2026, Azerbaijan advanced its economic diversification beyond European energy, forging new logistics partnerships with Kazakhstan and signaling a strategic entry into African markets via Kenya.

China's Liquid Hydrogen Flight Test Challenges the Future of Oil-Dependent Aviation

China's Liquid Hydrogen Flight Test Challenges the Future of Oil-Dependent Aviation

Beijing, Sunday, 17 May 2026.
By successfully testing a direct-combustion liquid hydrogen engine, China achieves a zero-emission milestone that could fundamentally disrupt the global, oil-dependent commercial aviation industry.

WHO Declares Global Emergency Over Untreatable Ebola Strain in Central Africa

WHO Declares Global Emergency Over Untreatable Ebola Strain in Central Africa

Geneva, Sunday, 17 May 2026.
A rapid spread of the untreatable Bundibugyo Ebola strain across Congo and Uganda has prompted a WHO global emergency declaration, threatening critical mining operations and global supply chains.

Battery Storage Drives a 76% Revenue Surge for Australia's Largest Solar Farms

Battery Storage Drives a 76% Revenue Surge for Australia's Largest Solar Farms

Sydney, Sunday, 17 May 2026.
Advanced battery storage drove a 76% revenue surge for Acen Renewables in early 2026, successfully offsetting lower electricity prices by drastically reducing solar energy waste.

Deportation of Key Maduro Ally to the US Signals Shift in Venezuelan Diplomacy

Deportation of Key Maduro Ally to the US Signals Shift in Venezuelan Diplomacy

Washington, D.C., Sunday, 17 May 2026.
Deported to the US on Saturday, businessman Alex Saab may now provide critical intelligence against former President Nicolas Maduro, highlighting unprecedented US-Venezuelan law enforcement collaboration.

Trump Leverages $14 Billion Taiwan Arms Deal as Negotiating Chip with China

Trump Leverages $14 Billion Taiwan Arms Deal as Negotiating Chip with China

Washington, D.C., Sunday, 17 May 2026.
By declaring a pending $14 billion Taiwan arms deal a ‘negotiating chip’ with Beijing, President Trump introduces significant geopolitical risk and casts doubt on U.S. security commitments.

UK Regulators Order Financial Firms to Build Defenses Against AI Cyber Threats

UK Regulators Order Financial Firms to Build Defenses Against AI Cyber Threats

London, Monday, 18 May 2026.
UK authorities mandate that financial institutions upgrade cyber defenses, warning that advanced AI can now execute attacks faster and cheaper than skilled human hackers, threatening financial stability.

Strait of Hormuz Conflict Slashes Iraq's Monthly Oil Exports by 83 Million Barrels

Strait of Hormuz Conflict Slashes Iraq's Monthly Oil Exports by 83 Million Barrels

Baghdad, Monday, 18 May 2026.
Iraq’s April oil exports through the Strait of Hormuz crashed from 93 million to just 10 million barrels, threatening global markets with a massive energy supply shock.