The Group of 7 nations has called for tough punitive actions in response to North Korea's latest Intercontinental ballistic missile test.
North Korea's reckless behavior demands a swift and unified response by the international community including further significant measures by the UN Security Council, G7 Foreign Ministers of Canada, France, Germany, Italy, Japan, the United Kingdom, the United States, and the High Representative of the European Union said in a statement.
For comments and feedback contact: editorial@rttnews.com
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.