Four more countries - France, Monaco, Malta, and Luxembourg formally declared their recognition of a Palestinian state at an international conference at the United Nations on Monday, focused on the question of Palestine and the two-State solution with Israel.
The UK, Canada, Australia and Portugal recognized a Palestinian State on Sunday, and French President Emmanual Macron announced that France would join them - to lengthy applause from delegates attending the meeting.
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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.