Aggressive reshoring of supply chains risks significant GDP loss, warns OECD

BOMB THREAT EVACUATION AT DETROIT AIRPORTA bomb threat at Detroit Metropolitan Airport led to the evacuation of Spirit Airlines Flight 2145, which was preparing to depart for Los Angeles early Thursday morning. Passengers were safely deplaned and taken to the Evans Terminal for additional screening while K-9 units searched the aircraft for explosives. The source of the threat is still under investigation, and after clearance from law enforcement, the flight eventually departed for LAX. Full...

Russia has declared itself 'combat ready' after inspecting its nuclear test site in the Arctic, raising concerns that President Putin may resume nuclear testing for the first time since 1990. Military expert Andrey Gurulev emphasized Russia's readiness amid heightened tensions following Ukraine's drone strike, while ex-military chief Sir Richard Barrons warned the UK must prepare for potential missile attacks, advocating for a national defense plan similar to those of Finland and Sweden. Prime Minister Keir...

SummaryThe Ontario government is allowing qualified U.S.-licensed health-care workers to begin working in the province prior to their registration with the regulatory college. Health Minister Sylvia Jones announced this initiative, emphasizing that it aims to increase the number of health-care professionals available in Ontario. This move is part of broader efforts to address health-care workforce shortages in the region. Full Article

Summary Pakistan PM Shehbaz Sharif has called for US-brokered "comprehensive dialogue" between India and Pakistan, praising former President Trump for his role in de-escalating a recent military clash linked to the April 22 Pahalgam terror attack. This sentiment was echoed by Bilawal Bhutto Zardari, who suggested that US mediation could help sustain the ceasefire and facilitate broader discussions. However, India's rejection of US involvement and concerns over Pakistan's commitment to addressing cross-border terrorism raise questions...

Israeli air strikes targeted Beirut's southern suburbs on Thursday night, aiming at underground Hezbollah drone factories, resulting in plumes of smoke and mass civilian evacuations. The Israeli military warned residents to leave the area, citing strikes on "terror targets" associated with Hezbollah and highlighting concerns over UAV production near civilians. In response, Lebanese officials condemned the strikes as violations of a ceasefire and Lebanese sovereignty, while the UN called for de-escalation and adherence to diplomatic...

SummaryMark Rutte aims to secure a significant defense spending increase at the upcoming NATO summit, proposing that member nations spend 5% of GDP on defense, a request from Donald Trump. This new target, which would more than double the current 2% goal, would allow for some flexibility in defining "defense-related expenditure." While some nations are reportedly on board, the effectiveness of this commitment remains uncertain, as there are no enforceable sanctions for non-compliance, and compliance...