U.S. President Joe Biden said he thinks Putin does not want any full-blown war on Ukraine, but that "he will move in". He was responding to a question during a White House news conference on WednesdayIf his Russian counterpart Vladimir Putin tests the West, the United States and NATO significantly, he will pay "a serious and dear price for it," Biden said. The United Sates will impose sanctions o...
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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.