The United States and United Kingdom are establishing a Joint Action Group for Energy Security and Affordability to accelerate the two nations' immediate cooperation on short-term action to support energy security and affordability in the United Kingdom and across Europe.
The initiative will focus on four priority areas: Energy Efficiency and Innovative Energy Solutions, Gas Supply, Nuclear Cooperation and International Collaboration on Clean Energy.
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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.