A Washington-based think tank focusing on national security and foreign policy testified before a Congressional Committee about how illicit financing is available to terrorists.
Yaya Fanusie, director of analysis for the Foundation for Defense of Democracies, told the U.S. House of Representatives Subcommittee on Terrorism and Illicit Finance that terrorists prefer traditional hard cash over cryptocurrencies.
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.