The North American Leaders' Summit has pledged to deepen economic cooperation, promote investment, and reinforce competitiveness, innovation, and resilience.
The highlight of the summit declaration was an agreement among the United States, Mexico and Canada to cooperate on bolstering the supply of semiconductors, a market dominated by Asia, especially China.
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Business 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.