A US-led multi-nation security initiative has been launched to strengthen operations focusing on the security challenges in the southern Red Sea and the Gulf of Aden.
US Secretary of Defense Lloyd Austin announced the establishment of Operation Prosperity Guardian, an important new multinational security initiative under the umbrella of the Combined Maritime Forces and the leadership of its Task Force 153, which focuses on security in the sensitive region.
For comments and feedback contact: editorial@rttnews.com
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.