Ukrainian forces are waging a desperate battle to repel a full-scale Russian invasion of capital Kyiv.The Ukrainian Defense Ministry said Russian reconnaissance troops have entered Obolon, a residential area just north of the parliament and the city centre.Multiple explosions were reported in Kyiv Friday morning as Russia targeted the city with missile attacks.News channels aired videos of armored...
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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.