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Latest World News

đź“…May 13, 2026 at 1:00 PM
US inflation surges amid Iran war costs; Trump visits China for summit with Xi; hantavirus outbreak monitored globally; other key events in geopolitics and business.
1

US Inflation Accelerates to 3.8% Amid Iran War and Rising Fuel Costs

Inflation rose 3.8% year-over-year in April, the highest since 2023, driven by 28% gas price hikes and grocery increases linked to the US-Israel war with Iran. Wages fell after inflation adjustment, straining consumers who blame Trump. Source 1

2

Trump Arrives in China for Summit with Xi on Trade, Tariffs, and Iran War

President Trump began a 3-day visit to China for talks with President Xi on trade, AI, tariffs, and the Iran conflict, accompanied by executives like Tim Cook and Elon Musk. The summit addresses US demands for more Chinese purchases and China's need for chips. Source 2Source 3Source 5

3

Pentagon Estimates Iran War Costs at $29 Billion, Fueling Economic Strain

The US-Iran war has cost $29 billion so far, contributing to soaring inflation, gas, and grocery prices. US intelligence reveals Iran has restored access to most missile sites near Strait of Hormuz. Source 1Source 2

4

Walmart to Cut or Relocate 1,000 Corporate Jobs

Walmart plans to cut or relocate about 1,000 corporate positions to merge global technology and product teams. This restructuring aims at efficiency amid economic pressures. Source 1

5

Hantavirus Outbreak Monitored in 10 US States and Globally After Cruise Ship Cases

Health officials are monitoring 18 people in 10 US states for hantavirus exposure linked to a cruise ship outbreak; WHO reports 9 confirmed cases with more expected. Spain confirmed a new case, and cases are worsening in France with quarantines in Netherlands. Source 2Source 4Source 5Source 6

6

Taiwan and US Commit to Peace and Deterrence Against China

Taiwan's MOFA stated commitment with US to regional peace via strong deterrence, rejecting China's opposition to US arms sales as unreasonable. Source 1

7

Russia Successfully Tests Sarmat Intercontinental Ballistic Missile

Russia confirmed successful tests of the Sarmat ICBM, enhancing ground-based strategic nuclear forces for deterrence and target destruction. Source 3

8

BRICS Foreign Ministers Meeting Begins in New Delhi

India hosts BRICS foreign ministers, chaired by EAM S. Jaishankar, to discuss global and regional issues; delegations will meet PM Modi. Source 3

9

UK PM Keir Starmer Faces Resignation Pressure After Poor Local Elections

Starmer vows to stay despite Labour's weak showing, with four junior ministers resigning and calls for his exit growing. Source 5Source 6

10

EU Approves Sanctions on Israeli Settlers; Debates Social Media Ban for Children

EU sanctions Israeli settlers with Hungarian support; von der Leyen suggests possible summer ban on social media for kids. Palestinians mark Nakba anniversary. Source 4