US President Donald Trump has said Iran's response to his 14-point proposal to end the Middle Est war is "totally unacceptable."
After reviewing the Trump administration's 14-point memorandum of understanding outlining a framework for broader nuclear talks at the weekend, Iran rejected many of the proposals, calling it equal to surrender.
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Political 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.