National transport strike paralyses travel across Italy
A nationwide transport strike on Friday disrupted travel across Italy, with major delays and cancellations reported in rail, air, and public transit services.
Foreign investors continue to retreat from Japan's long-term bonds for a fourth week, amid inflation and fiscal uncertainty, while stock markets remain a bright spot.
Japan's long-term bonds saw net outflows of 334.4 billion yen ($2.3 billion) from foreign investors in the week ending May 24, marking the fourth consecutive week of selling. Concerns over rising inflation, interest rates, and fiscal stability have triggered a broader exit from long-term debt markets globally. Japan’s short-term bills also faced significant withdrawals, with 2.41 trillion yen pulled—the largest since December 2024.
As yields on 30- and 40-year bonds surge to record highs and auction demand falters, Japan's finance officials are now considering shifting bond issuance toward shorter-term instruments. Despite the bond sell-off, foreign appetite for Japanese equities remains strong, with 309.3 billion yen worth of shares purchased during the week.
In contrast, Japanese investors reduced foreign bond purchases to just 92 billion yen—down sharply from the previous week—and sold 42.7 billion yen in short-term bills. They were also net sellers of foreign equities for the second week, offloading 524.7 billion yen.
Iranian missiles struck multiple locations across Israel and neighbouring regions early Friday morning, including a Microsoft office complex, according to emergency responders and local media reports.
Peace is no longer a dream. It is a discussion. On the streets of Baku and Yerevan, it is also a question, of trust, of foreign interests, and of who truly wants it.
Israeli strikes have reportedly targeted areas near the residences of Iran’s Supreme Leader Ayatollah Ali Khamenei and President Masoud Pezeshkian, according to the New York Times, citing local witnesses.
The 2025 G7 Leaders’ Summit was held June 15–17 in Kananaskis, Alberta, under Canada’s presidency. Prime Minister Mark Carney framed the meeting around priorities of protecting communities, energy and climate security, the digital transition, and future partnerships.
Start your day informed with AnewZ Morning Brief: here are the top news stories for June 17th, covering the latest developments you need to know.
Germany’s producer prices dropped 1.2% year-on-year in May, in line with market expectations, largely due to falling energy prices, official data showed Friday.
The World Bank is pushing for “radical” debt transparency from developing countries to prevent future financial crises, warning that hidden debts are fueling instability.
European stock markets ended the day in negative territory following interest rate decisions by major central banks, including the U.S. Federal Reserve (Fed) and the Bank of England (BoE).
South Korea’s new administration proposed $14.7 billion in additional spending on Thursday to boost weak domestic demand, as President Lee Jae Myung pushes economic recovery as his top priority.
If the European Central Bank adjusts interest rates in the next six months, the move would likely be a cut, ECB policymaker Francois Villeroy de Galhau said on Thursday.
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