As Russia prepares to intensify its attack in the eastern Donbas region, the United States has pledged an additional $800 million in weapons, ammunition, and other security assistance to Ukraine. President Joe Biden pledged the additional security assistance in a call with Ukraine President Volodymyr Zelenskyy on Wednesday.This authorization of a Presidential Drawdown of security assistance is the...
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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.