OPEC+ nations, including Saudi Arabia and Russia, will significantly increase crude oil production by 411,000 barrels per day in July, exceeding initial plans. This accelerated output increase, part of a shift begun in early 2025, has driven oil prices down to $60 per barrel. Analysts suggest Saudi Arabia's move aligns with US President Trump's call to lower prices.
Related news
President Trump bristles at the suggestion that his tariff strategy is predictable, dubbed the "TACO trade," where markets react to his threats and subsequent delays. This pattern involves market drops following tariff threats, followed by rebounds when Trump postpones them for negotiations. Wall Street has become accustomed to these fluctuations driven by the president's tariff decisions.
With summer travel surging and airlines anticipating surpassing pre-pandemic levels, United Airlines is implementing a new check-in policy. Starting June 3rd, domestic passengers without checked bags must check in 45 minutes before departure, a 15-minute increase. This change aims to improve efficiency as major cities like Chicago and New York become popular destinations.
Elon Musk has intensified his criticism of Donald Trump's tax and spending bill, urging the public to contact their representatives and "kill the bill." He argues the bill will massively increase the national debt, sharing concerns over rising national debt and government spending. Musk's opposition comes after his recent departure from the administration, marking his first public disagreement with Trump.
Following a severe heatwave, Pakistan has been struck by intense storms, resulting in at least 32 fatalities and over 150 injuries in the past week. Northwestern Khyber Pakhtunkhwa experienced five deaths on Thursday due to heavy rains and strong winds, with continued stormy weather expected in northern and central regions.
UN human rights chief Volker Turk condemned the deadly attacks on civilians near aid distribution sites in Gaza as potential war crimes. Recent incidents, including one in Rafah that killed 27, highlight the dangers faced by Palestinians seeking essential food aid. Turk called for investigations and accountability, criticizing Israel's militarized aid system for endangering lives and violating international standards.
The Swiss village of Blatten faces devastation after a glacier collapse buried it under debris, displacing around 300 residents. While evacuated in time, villagers like Daniel Ritler lost homes and livelihoods. Glaciologist Saskia Gindraux links the disaster to climate change, highlighting increased risks in mountain regions.
Kathmandu marked International Everest Day with climbers and guides. The event celebrated Edmund Hillary and Tenzing Norgay's historic climb. Nepal recognizes the mountaineering community's contribution. Hundreds of foreign climbers visit Nepal annually. They are assisted by local guides. The end of May marks the end of the climbing season. Kami Rita Sherpa recently scaled Everest for a record 31st time.
The US braces for a potentially record-breaking hot summer in 2025, with NOAA forecasting above-average temperatures nationwide. Prolonged heat waves are expected to impact the West, Gulf Coast, and Northeast, straining infrastructure and public health. Cities face amplified heat due to the urban heat island effect, increasing risks of heat-related deaths and wildfires.
A US Marine, Sgt Maj Jody Armentrout, heroically subdued a disruptive passenger attempting to open an emergency exit on an All Nippon Airways flight from Japan to Texas. Armentrout's quick action, along with assistance from another passenger, led to the man's restraint and the flight's diversion to Seattle. Another passenger was removed for damaging a bathroom door.
A photo went viral claiming to show Xi Mingze, daughter of Chinese President Xi Jinping. The image was from a 2018 UN event. An X user discovered the woman was not Xi Mingze. She was identified as Fi (Catherine) Chen. The older woman was Noelle Kwok. Media outlets used the photo without verifying. This incident highlights the risk of misinformation.