President Donald Trump has signed a Presidential Memorandum directing the withdrawal of the United States from a key global climate treaty and 66 international organizations saying that they no longer serve American interests.
They include the UN Framework Convention on Climate Change; the UN's Intergovernmental Panel on Climate Change (IPCC), an expert body that assesses climate science globally; International Trade Centre; UNCTAD; and UN organizations working on peace and democracy, family planning, maternal and child health, and sexual violence in conflict.
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Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.