Under pressure after a mass resignation of Cabinet ministers from his scandal-plagued government this week, British Prime Minister Boris Johnson resigned as leader of the Conservative party.Publicly announcing his resignation at No.10, Downing Street, Thursday, Johnson said he will continue as Prime Minister until the party elects his successor.Addressing the nation, Johnson said it was "clearly n...
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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.