Emirates posted a $1.1 billion loss in May 2022, following a $5.5 billion loss in May 2021, as the airline was heavily impacted by the Covid-19 pandemic and soaring fuel prices.

Time is running out for an agreement, with U.S. Treasury Secretary Janet Yellen warning earlier this month that without a deal, the largest economy in the world could default by June 1.

Fighting in the besieged town of Bakhmut has returned to the fore of discussions over the war, with Ukraine saying it’s reclaiming territory there.

U.S. Treasury Secretary Janet Yellen spoke to reporters ahead of the G-7 finance ministers and central bank governors meetings in Niigata, Japan.

SoftBank’s Vision Fund segment posted a 4.3 trillion Japanese yen ($32 billion) loss for its fiscal year ending Mar. 31.

Calls to legalize cannabis are mounting in Europe as more countries seek to replicate progressive moves by Canada and parts of the U.S. to greenlight the drug.

Since the onset of Covid-19, labor shortages have plagued major economies and intensified inflationary pressures, but economists expect this trend to finally abate.

Amazon workers in warehouses in the U.S. and U.K. have pushed to form unions due to complaints over wage rises and working conditions.

Economists surveyed by Reuters expected to see consumer prices rise 0.4% from a year ago and remain unchanged from the previous month.

Trump, the leading Republican presidential candidate, said Republicans should let the U.S. default on its debt if Democrats don’t budge on spending cuts.