Ukrainian President Volodymyr Zelensky says Russia is planning a prolonged campaign of attacks using Iranian drones with the aim of demoralizing and exhausting Ukraine.
"We have information that Russia is planning a prolonged attack with Shaheds. Its bet may be on exhaustion. On exhaustion of our people, our air defense, our energy sector," Zelensky said in his national address Monday night.
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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.