Germany’s producer prices fall 1.2% in May, driven by lower energy costs
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 Moscow Exchange will begin calculating and publishing a Bitcoin index starting Tuesday, using data from major crypto platforms, as interest in digital assets grows in Russia amid Western sanctions.
The Moscow Exchange (MOEX) has announced that it will begin calculating and publishing a Bitcoin index starting on Tuesday.
In a statement released on Monday, the exchange said the index would be calculated based on aggregated data from global cryptocurrency exchanges including Binance, Bybit, OKX, and Bitget. The move marks a significant step as Russia continues to explore regulated ways to integrate digital assets into its financial infrastructure.
MOEX had previously introduced Bitcoin futures trading, available exclusively to qualified investors, signaling a cautious yet steady embrace of crypto-related financial products.
The shift comes in the context of increased cryptocurrency use in Russia, particularly after Western sanctions limited access to traditional international financial systems. In August of last year, President Vladimir Putin signed a decree allowing experimental use of cryptocurrencies in foreign trade and Forex transactions, providing a legal pathway for businesses to use digital currencies in cross-border deals.
As the use of cryptocurrencies for international payments continues to grow among Russian firms, the new index is expected to serve as a key benchmark for tracking market trends and pricing accuracy in the country’s evolving digital asset sector.
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.
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.
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.
Azerbaijan Airlines (AZAL) has cancelled certain flights scheduled for 13th and 14th June amid recent escalation of situation in the Middle East and the closure of airspace in several countries for security reasons.
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.
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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