The United States and Venezuela's interim authorities have agreed to re-establish diplomatic and consular relations. "This step will facilitate our joint efforts to promote stability, support economic recovery, and advance political reconciliation in Venezuela," the U.S. State Department said. "Our engagement is focused on helping the Venezuelan people move forward through a phased process that cr...
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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.