A state of emergency has been declared in Florida after at least four people died and several others were injured in a 12-storey residential building collapse in Miami-Dade County.The governor's office said 100 people are missing after the structural collapse of Champlain Towers, a residential condominium at Collins Avenue in Surfside, South Florida, in the early morning hours of Thursday. U.S. me...
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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.