The Russian forces who are advancing in eastern Ukraine with continuous bombardment have captured half of the city of Severodonetsk, reports said."The front line has cut (Severodonetsk) into two halves," city head Oleksandr Stryuk told Ukrainian TV. Luhansk regional Governor Serhiy Haidai described it as "a grave situation there."The Norwegian Refugee Council said that thousands of civilians remai...
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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.