Former UK Prime Minister Gordon Brown warned on Wednesday that the world may be heading into another financial crisis as many big problems remain unresolved even after a decade since the market meltdown that led to the collapse of the investment banking behemoth Lehman Brothers."We are in danger of sleepwalking into a future crisis," Brown said in an interview to the Guardian. "There is going to h...
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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.