The United States has imposed sanctions on Myanmar's Ministry of Defense over the military regime's brutal tactics to consolidate power and repress its people.Department of the Treasury's Office of Foreign Assets Control (OFAC) has also designated two financial institutions controlled by the military regime.Myanma Foreign Trade Bank (MFTB) and Myanma Investment and Commercial Bank facilitate much ...
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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.