The Federal Aviation Administration (FAA) has announced a grant of nearly $1 billion to improve the terminals of 85 airports across the United States.This is the first tranche of $5 billion granted through the Bipartisan Infrastructure Law funding for this fiscal year for airport terminal development projects that address the aging infrastructure of the nation's airports.Two grants will also be aw...
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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.