US and Canadian search and rescue teams are racing against time to find a tourist submarine expedition that went missing during a dive to the deep sea to explore the Titanic shipwreck.
Five people on board OceanGate's submersible include its chief executive Stockton Rush, veteran French explorer Paul-Henry Nargeolet, Dubai-based British explorer and businessman Hamish Harding, British-Pakistani businessman Shahzada Dawood and his son Suleman, reports say.
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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.