The United States has reported a whopping 40 percent increase in coronavirus test positivity in the last two weeks.In states such as Arizona, Utah, South Dakota and Missouri, test positivity rates are above 20 percent.As per the latest data published by the New York Times, 12 percent of people who are subjected to Covid tests nationwide are diagnosed with coronavirus infection. This is the highest...
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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.