Russian President Vladimir Putin plans to replace longtime ally Sergei Shoigu as defense minister with an economist, the Kremlin announced Sunday.
Why it matters: In the biggest security overhaul since Putin's forces launched a full-scale invasion of Ukraine in 2022, Shoigu will be appointed head of Russia's Security Council after serving since 2012 as defense minister.
The most powerful solar storm in more than 20 years struck Earth Friday triggering breathtaking celestial shows of the Northern Lights, also known as Aurora borealis, around the globe.
Why it matters: Extreme G5 geomagnetic conditions were observed reaching the Earth for the first time since 2003, National Oceanic and Atmospheric Administration's Space Weather Prediction Center said.
Widening geopolitical divides are disrupting global trade flows, creating spillover effects that are dividing the world's economies into competing blocs, a top International Monetary Fund official warned this week.
Driving the news: At a speech at Stanford University on Tuesday, IMF First Deputy Managing Director Gita Gopinath said that global economic ties are shifting in ways that have not been seen since the Cold War's conclusion.
