State of emergency has been declared in many north-eastern U.S. states as powerful winter storm started lashing the region.The National Weather Service has issued a Winter Storm Warning or blizzard warning in many states. Heavy, wet snow is expected to cause tree branches and power lines to fall creating power outages. Thousands of flights have been cancelled ahead of the winter storm.The Governor...
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.