Rishi Sunak on Tuesday officially took over as Britain's 57th Prime Minister, becoming the country's third leader in seven weeks.In his first speech to the nation from No. 10 Downing Street, Sunak said the U.K. is facing a "profound economic crisis" and that he has been chosen as the new Conservative leader to fix some of the mistakes committed by his predecessor Liz Truss.Sunak said there are "di...
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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.