US forces have shot down two drones and a missile launched by the Houthi militants in Yemen Monday.The U.S. Central Command said that its forces successfully destroyed the first drone in a Houthi controlled area of Yemen. Later, the second drone launched by the Iranian-backed militants from Yemen was struck down over the Red Sea.In the evening, missile destroyer USS Mason destroyed one anti-ship ...
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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.