Google has announced it will help build a subsea internet cable route linking Chile, French Polynesia, and Australia — the first ever to directly connect South America and Asia-Pacific.The joint venture by the Chilean construction company Desarrollo País, Google and French Polynesia's Posts and Telecommunications Department is named the Humboldt subsea cable.Expected to complete by 2026, this ambi...
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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.