As the Middle East war drives oil and gas prices sharply higher, the UN's top climate change official says the volatility underscored the strategic value of renewable energy. Speaking at the 2026 Green Growth Summit in Brussels, Simon Stiell, Executive Secretary of the UN Framework Convention on Climate Change, said the disruption of global energy supplies is being felt worldwide."Renewables turn ...
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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.