President Donald Trump has renewed the threat to resume military attacks against Iran by saying that the regime is running out of time to reach an agreement in line with what the United States proposed.
"For Iran, the clock is ticking, and they better get moving, fast, or there won't be anything left of them," Trump wrote on Truth Social platform on Sunday, as Middle East peace talks remained stalled amid a fragile ceasefire.
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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.