5: On Monday, Bola Tinubu was sworn in as Nigeria’s fifth president since the country’s return to democracy in 1999. “The Godfather,” whose election victory is still being contested by the opposition, has promised to end costly fuel subsidies but must also tackle an ailing economy and rampant insecurity.
12: North Korea gave Japan a 12-day window (May 31-June 11) to prepare for the launch of its first military spy satellite. Tokyo responded by threatening to shoot down anything North Korean that enters its territory.
8: On Tuesday morning, residential blocks in Moscow were attacked by eight drones. Authorities blamed Ukraine for the first strike on civilian areas deep inside Russia since the start of the war. This comes less than a month after two UAVs were shot down over the Kremlin, which Moscow then claimed was an attempt to kill Vladimir Putin by Kyiv or Washington.
14: El Salvador's exiled former President Mauricio Funes was sentenced in absentia to 14 years behind bars for negotiating with gangs. Current strongman President Nayib Bukele has been accused of the same crime, but friendly lawmakers ousted the attorney general who was investigating the allegations.
2 million: A government official in drought-prone central India was suspended after ordering that 2 million liters (440,00 gallons) of water be drained from a reservoir to retrieve his smartphone. The device, which the official dropped while taking a selfie, was found but was beyond repair.Mastercard Economic Institute's Outlook 2026 explores the forces redefining global business. Tariffs, technology, and transformation define an adaptive economy for the year ahead. Expect moderate growth amid easing inflation, evolving fiscal policies, and rapid AI adoption, driving productivity. Digital transformation for SMEs and shifts in trade and consumer behavior will shape strategies worldwide. Stay ahead with insights to help navigate complexity and seize emerging opportunities. Learn more here.
Think you know what's going on around the world? Here's your chance to prove it.
Less than one day after US President Donald Trump declared a military blockade of sanctioned oil tankers from Venezuela, he addressed the nation during a rare primetime speech – but didn’t talk about Venezuela.
Indian Prime Minister Narendra Modi isn’t necessarily known as the greatest friend of Muslim people, yet his own government is now seeking to build bridges with Afghanistan’s Islamist leaders, the Taliban.