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.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.