A UN-brokered deal to ensure the security of Ukrainian grain exports through the Black Sea has been extended.UN Secretary-General Antonio Guterres on Thursday confirmed that all parties had agreed to extend the Black Sea Grain Initiative for another 120 days."I welcome the agreement by all parties to continue the Black Sea Grain Initiative to facilitate the safe navigation of export of grain, food...
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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.