The European Union has adopted its 15th sanctions package against Russia for its continued war against Ukraine.The focus of the latest round of sanctions is to keep cracking down on Russia's shadow fleet, as well as combating sanctions' circumvention. It also includes substantial individual and entity listings related to the Russian military-industrial complex and increases the legal protection of...
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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.