President Joe Biden has warned that Israel was losing international support for its military operations targeting Hamas in Gaza.Biden's remarks, which marks Washington's unprecedented move critical of Israel, came at a Democratic donors' event in Washington Tuesday.Speaking at a Campaign Reception, Biden said that the United States, the European Union, and most of the world were supporting Israel'...
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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.