President Donald Trump has described the talks with his Chinese counterpart Xi Jinping as "great".Trump's response to reporters' questions after a nearly two-hour long high-stakes meeting at the Great Hall of the People in Beijing on Thursday was limited.The White House said "The two sides agreed that the Strait of Hormuz must remain open to support the free flow of energy." U.S. media reports quo...
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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.