The White House announced a set of new actions to strengthen co-operation and co-production between the United States and Ukraine's Defense Industrial Bases.
The announcement followed the U.S.-Ukraine Defense Industrial Base Conference at the Department of Commerce in Washington, D.C., Wednesday. Around 350 U.S., Ukrainian, and European industry and government representatives attended the conference to focus on significantly increasing weapons production to support Ukraine's fight against Russian attacks, and strengthen Ukraine's long term self-defense.
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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.