Burnham will break fiscal rules to borrow, banks warn – latest updates

• On May 15, 2026, in Chișinău, Moldova, 34 Council of Europe member states, the EU, Australia, and Costa Rica adopted a resolution to establish a Steering Committee for a Special Tribunal. • The tribunal is specifically designed to prosecute the crime of aggression committed against Ukraine, filling a critical gap in international legal accountability.

• Chinese Foreign Minister Wang Yi is scheduled to visit Delhi next week for high-level diplomatic discussions. • In Mexico, the National Commission for Physical Culture and Sport has introduced cricket into four low-to-medium security prisons to instill discipline among inmates.

• The European Parliament has approved the toughest deportation policy in the history of the European Union. • Right-wing MEPs celebrated the decision with cheers of "send them back," sparking a heated confrontation within the chamber.

• The EU Parliament has passed new legislation to reform the bloc's deportation processes, which includes the establishment of dedicated "return hubs." • The move is seen as a significant victory for Italian Prime Minister Giorgia Meloni, whose previous efforts to tighten migration rules were hindered by judicial challenges in Italy and the EU.

• The EU Pay Transparency Directive entered into force in May 2023, requiring all member states to implement compliant local legislation by June 7, 2026. • The directive aims to combat gender-based pay discrimination by introducing clearer, more practical reporting and transparency obligations for employers.

• Former EU chief Brexit negotiator Michel Barnier suggested that the UK could potentially rejoin the European Union under "special" terms. • This proposal comes roughly a decade after the UK's referendum decision to leave the bloc, highlighting a possible path for future reintegration.

• The U.S. Department of Labor (DOL) has launched a targeted crackdown on unemployment insurance fraud, signaling a shift toward stricter enforcement. • The initiative puts state governors on notice, emphasizing the need for more rigorous oversight and accountability in managing state unemployment funds.

• The author proposes expanding the U.S. House of Representatives beyond its current 435-member cap to better rein in the power of the presidency. • This proposal comes as the U.S. approaches the 2030 Census and the 100th anniversary of the law that established the current membership limit.

• The U.S. Supreme Court issued a significant Second Amendment ruling in the case of United States v. Hemani. • The decision addresses critical legal interpretations regarding firearm regulations and constitutional rights.

• The proposed "Stop Lawmakers From Predicting Act" aims to prohibit members of Congress from betting on prediction markets concerning elections and policy outcomes. • A new Federal Reserve chairman recently held his first press conference, where he was characterized as knowledgeable, humble, and collegial.

• FIFA World Cup 2026 fans are gathering at Los Angeles Stadium for a series of high-profile international matches. • While Switzerland and Bosnia-Herzegovina are scheduled to play, local excitement is peaking for tonight's matchup between Mexico and South Korea.