US President Joe Biden has warned that Russia may be preparing to use chemical and biological weapons in the war against Ukraine.Addressing a meeting of business leaders in Washington Monday, Biden said there was a danger Russian President Vladimir Putin could resort to more severe tactics as he has "his back to the wall" as a result of Ukrainian resistance.Russia was counting on being able to spl...
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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.