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On 15 May 2026 Samsung’s 45,000-strong semiconductor union confirmed it will strike from 21 May after wage talks collapsed, forcing the company into pre-strike production ‘warm-down’ and prodding the South Korean government to warn it may invoke rarely-used emergency arbitration.
On 13 May 2026 the U.S. Senate installed Kevin Warsh to succeed Jerome Powell as Federal Reserve chair after the tightest, most partisan confirmation in the institution’s history.
On 15 May 2026, state-run fuel retailers raised petrol and diesel prices nationwide by roughly ₹3 a litre, their first increase since 2022, passing a slice of Brent-above-$100 crude costs sparked by the West Asia war and Strait of Hormuz disruptions.
On 14 May 2026, Honda froze its C$15 billion Ontario EV supply-chain project and abandoned its pledge to sell only battery-electric and fuel-cell vehicles by 2040 after announcing a ¥424 billion annual loss.
On 13 May 2026, the Republican-controlled Senate installed Kevin Warsh as the 17th chair of the U.S. Federal Reserve, ending Jerome Powell’s tenure after a months-long confirmation standoff tied to a now-dropped DOJ probe and clearing Warsh to lead the June 16-17 FOMC meeting.
Fresh April 2026 data show inflation re-accelerating worldwide—U.S. CPI hit 3.8% and Romania broke into double digits at 10.7%—after the two-month closure of the Strait of Hormuz tightened global fuel supplies.
Testifying in the Musk v. Altman trial on 12-13 May 2026, Satya Nadella revealed Microsoft has poured over $100 billion into OpenAI and renegotiated the once-exclusive deal into a non-exclusive, 27 % equity stake arrangement that ties OpenAI to buy $250 billion of Azure compute while freeing both sides to build rival frontier models.
On 11-12 May 2026 President Trump publicly dismissed Iran’s latest 14-point proposal, warning the month-old ceasefire that began 7 April has only a “1 %” chance of surviving and hinting at renewed U.S. strikes if the Strait of Hormuz remains closed.
In a 51-45 mostly party-line vote on 12 May 2026, the Senate installed Kevin Warsh to a 14-year seat on the Federal Reserve Board, the procedural hurdle that had to fall before a separate vote later this week to replace Jerome Powell as chair when Powell’s term expires on 15 May.
On 10-11 May 2026 multiple reports confirmed Apple and Intel have struck a preliminary deal for Intel to fabricate a slice of Apple’s A- and M-series chips, prompting analyst re-ratings for Intel and a brief sell-off in TSMC.
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