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.
Nepal opened a major climate summit on Friday, urging global unity to protect the world's mountain ecosystems, as climate change rapidly melts glaciers across the Himalayas.
The three-day international conference in Kathmandu, titled “Climate Change, Mountains and the Future of Humanity,” brought together global leaders and experts to tackle the growing environmental risks facing high-altitude regions.
Speaking at the opening, Nepal's Prime Minister Khadga Prasad Oli warned that glacial melt is already exposing mountain faces and increasing the threat of avalanches and landslides. "From the lap of Sagarmatha (Everest), we send a loud and clear message: protecting mountains is protecting humanity, our seas, and our planet," Oli said.
Nepal is home to eight of the world's 14 highest peaks, and warming temperatures are rapidly accelerating ice loss across the region.
Among the key international voices at the summit was Mukhtar Babayev, COP29 President. He reaffirmed Azerbaijan’s commitment to global climate goals and thanked Nepal for hosting the event.
“We must think of the hundreds of millions of inhabitants living in mountain communities and the billions of people affected by what is happening there. We must move forward again in solidarity for a greener world,” Babayev said.
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.
A 32°C heatwave expected to grip England has been made a 100 times more likely by human-caused climate change, according to a rapid scientific analysis released Thursday.
The first side event of the Global South NGO Platform, initiated by Azerbaijan, was held in Bonn, Germany this week.
Egypt’s first integrated solar and battery storage plant will deliver dispatchable clean energy, enhance grid stability and manage peak demand. The project is expected to generate approximately 3,000 GWh of clean energy and avoid up to 1.4 million metric tonnes of emissions per year.
UK Chancellor of the Exchequer, the Rt Hon Rachel Reeves, has announced a record £2.5 billion in additional funding this week to advance the development of the world’s first fusion power plant.
A historic May heat wave pushed Greenland’s ice melt to 17 times its average rate and sent Iceland’s temperatures soaring to record-breaking highs, raising urgent alarms about Arctic climate vulnerability.
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