The U.S. District Court for the Southern District of New York has issued a warrant to seize Russian oligarch Andrei Skoch's private plane, valued at more than $90 million, for violating U.S. sanctions for Russia's invasion of Ukraine.Skoch's Airbus A319-100 is believed to be in Kazakhstan.A member of Russian parliament and a metals and mining tycoon, Skoch has been on the U.S. blacklist since 2018...
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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.