JP Morgan warns of possible U.S. recession in late 2025
The U.S. economy faces a 40% risk of recession in the second half of 2025, JP Morgan analysts said on Wednesday, citing rising tariffs and stagflation concerns.
Elbit Systems, Israel’s largest defense company, has secured a $130 million contract to supply advanced rocket munitions to an undisclosed European country.
Elbit Systems announced on Tuesday that it has been awarded a $130 million contract to deliver advanced rocket munitions to an unnamed European nation. The contract, which will be fulfilled over three years, includes the supply of the Precise and Universal Launching System (PULS), a versatile artillery rocket system capable of launching multiple types of ammunition from a single platform.
According to the company, PULS provides precision strike capabilities with a range of up to 300 kilometers.
“As European nations continue to enhance their defense capabilities, the selection of PULS reaffirms its strategic value in modern battlefield scenarios,” said Yehuda Vered, general manager of Elbit Systems Land.
Under the agreement, Elbit will supply various advanced rocket systems aimed at strengthening the operational capabilities of the purchasing country’s defense forces.
Iran launched 18 ballistic missiles late Sunday targeting the U.S. military’s Al-Udeid Air Base in Qatar, the largest American installation in the Middle East.
A high-speed tram derailment in central Gothenburg, Sweden, has left at least eight people injured late on Thursday (19 June), after the vehicle slammed into a snack bar on Avenyn Avenue.
Wizz Air has suspended all flights to and from Tel Aviv, Israel, and its European services to Amman, Jordan, effective immediately until 15 September due to escalating situation in the Middle East. Also, the air carrier temporarily suspended its flights between Astana, Kazakhstan, and Abu Dhabi.
China has unveiled a mosquito-sized bionic drone designed for covert military operations and battlefield reconnaissance, marking a major advance in micro-robotics and stealth technology as part of the country’s growing focus on next-generation warfare capabilities.
The U.S. Embassy in Qatar has advised American citizens to shelter in place amid rising tensions between Israel and Iran, as part of a broader global security alert issued by Washington.
A fire that broke out Thursday evening at the “Azerbaijanfilm” studio in Baku has been brought under control, following an explosion reported in an old pyrotechnics area of the complex.
Israeli Prime Minister Benjamin Netanyahu said Thursday that Israel’s recent victory in its conflict with Iran opens a path to expanded peace deals, including the possible addition of Saudi Arabia and Syria to the Abraham Accords.
A key unit at Iran’s South Pars gas field, damaged during Israel’s first strike on the country’s energy infrastructure, has resumed operations just 10 days after the attack.
Uzbekistan’s economy is set to expand by 6.5 percent by the end of 2025, driven by rising household income and sustained investment, according to the Eurasian Development Bank.
Kazakhstan will create six new nature conservation institutions to preserve biodiversity, aiming to increase protected territories to 12.5% of the national area.
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