In response to the disastrous humanitarian situation in Gaza, the European Union is stepping up its emergency assistance to the Palestinian people. The European Commission announced that it is launching a Humanitarian Air Bridge operation consisting of several flights to Egypt to bring lifesaving supplies to humanitarian organizations on the ground in Gaza.The first two flights, carrying humanitar...
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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.