The United States will lead a newly formed coalition focused on developing Ukraine's air force in a bid to bolster that country's long-term capability to defend itself against Russian aggression.This was announced by Secretary of Defense Lloyd Austin after a meeting of the Ukraine Defense Contact Group, or UCDG, in Brussels.It marks the formation of several distinct coalitions focused on building ...
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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.