US President Joe Biden has agreed "in principle" to hold a summit with his Russian counterpart Vladimir Putin to discuss the Ukraine crisis.But this can only happen as long as Russia does not invade Ukraine, according to the White House.US Secretary of State Antony Blinken and Russian Foreign Minister Sergei Lavrov are scheduled to meet later this week in Europe, provided Russia does not proceed w...
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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.