In an indicator of reversing trend, coronavirus cases dropped by 14 percent in the last two weeks in the United States, according to latest data published by the New York Times.The number of average daily cases has been mostly falling in the last seven days after a surge driven by the extremely transmissible Omicron variant in the winter holiday season.429510 new cases reported on Tuesday is less ...
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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.