U.S. warplanes attacked "operational and weapons storage facilities" of Iran-backed militia groups in the Iraq-Syria border region Sunday.The air strikes were carried out in retaliation against drone attacks targeting U.S. forces, the Pentagon said in a statement.It did not provide any information on casualties, but the UK-based monitoring group Syrian Observatory for Human Rights said five milit...
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Political 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.