A summit between the Presidents of the United States and China has paved the way to improve relationship between the two major economic powers in a number of areas.
During their four hours-long meeting in Woodside, California, US President Joe Biden and his Chinese counterpart Xi Jinping agreed on taking joint actions to curb fentanyl production and restore military communication lines between the two countries.
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Political News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.