The United States Central Command says Iran's Qom Turbine Engine Production Plant has been destroyed in U.S. air strikes.The Qom Turbine Engine Production Plant produced gas turbine engines for attack drones and aircraft components used by Iran's Islamic Revolutionary Guard Corps. On Monday, CENTCOM published on X images of the power plant before and after the air strikes, which it says was carrie...
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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.