In today’s news roundup:
- US House of Representatives Passes Debt Ceiling Increase Bill: The US House of Representatives voted 314 to 117 in favor of a bill to raise the debt ceiling. This move aims to prevent a historic debt default by the US government.
- North Korea Plans to Launch Another Military Spy Satellite: North Korea’s state-run Korean Central News Agency (KCNA) reported that Kim Yo Jong, sister of North Korean leader Kim Jong Un, confirmed the country’s intention to launch another military spy satellite soon, following a failed launch attempt yesterday.
- Taiwan and US to Sign Trade Agreement: Taiwan and the United States are set to sign their first agreement under a new trade talks framework today (June 1). This agreement aims to strengthen ties between the two countries amid escalating tensions with China over Taiwan’s sovereignty.
- Elon Musk Reclaims Richest Person Title: Bloomberg Billionaires Index data revealed that Elon Musk, CEO of Tesla, has once again become the richest person in the world. This follows fluctuations in wealth rankings among top billionaires.
- Elon Musk Takes Twitter Break in China: Elon Musk, owner of the prominent US social media platform Twitter, refrained from posting on Twitter during his time in China. This marks his longest absence from social media since June 2022.
- Singapore’s Prime Minister Tests Positive for COVID-19 Again: Singapore’s Prime Minister, who previously tested positive for COVID-19 on May 22, has received another positive test result. Medical professionals have identified this as a case of a rebound infection.
- IMF Chief Economist Advises Bank of Japan on Monetary Policy: The chief economist of the International Monetary Fund (IMF) has advised the Bank of Japan (BOJ) to maintain its ultra-loose monetary policy, considering the time it may take for Japan’s inflation to reach the BOJ’s sustainable target of 2%.
- ECB Vice-President Discusses Monetary Policy: The vice-president of the European Central Bank (ECB) stated that the ECB has nearly completed its monetary policy tightening to bring inflation within the medium-term target range of 2%. However, the process is not yet concluded.
- Nvidia CEO Expresses Confidence in Taiwanese Manufacturer: The co-founder and CEO of Nvidia Corp, a major supplier of AI chips and processing systems, expressed confidence in relying on a Taiwanese manufacturer for their products.
- Air New Zealand Considers Passenger Weigh-In: Air New Zealand is considering a plan to ask passengers to weigh themselves before boarding international flights. This initiative aims to save fuel and optimize flight efficiency.
These are some of the significant news stories making headlines today. Stay tuned for more updates and developments from around the world.