Turkey has dropped its opposition to Finland and Sweden's NATO membership bids, removing a major block to the two Scandinavian nations' chances of joining the alliance.
The crucial breakthrough occurred on Tuesday when the leaders of the three countries agreed a trilateral memorandum to address Türkiye's legitimate security concerns.
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Political News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.