The UK government has announced a landmark sanctions package against Russia, aimed at cutting off critical oil revenues and further degrading the Kremlin's ability to wage its war on Ukraine.The package was announced on the fourth anniversary of Russia's full-scale invasion of Ukraine.With nearly 300 new sanctions, UK cracks down on critical Russian energy revenues, including oil exports and key s...
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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.