US producer prices rise 2.6% annually with slight 0.1% monthly increase in May
US producer prices rose 2.6% annually in May, matching market expectations, with a modest 0.1% increase from April, the US Bureau of Labor Statistics reported.
Leaders of Central Asian countries and Italy convened in Astana for the first Central Asia–Italy summit, culminating in the adoption of a Joint Declaration aimed at deepening political, economic, and cultural cooperation.
Astana hosted the inaugural Central Asia-Italy Summit on May 30, bringing together the heads of state of five Central Asian countries and the Prime Minister of Italy, Giorgia Meloni. The summit, chaired by Kazakhstan's President Kassym-Jomart Tokayev, included President of Uzbekistan Shavkat Mirziyoyev, President of Kyrgyzstan Sadyr Japarov, President of Tajikistan Emomali Rahmon, and President of Turkmenistan Serdar Berdimuhamedov.
The summit served as a high-level platform for dialogue on expanding multilateral cooperation between the two regions. Discussions focused on strategic issues including investment and technology partnerships, the green economy, regional security, and the promotion of educational and cultural exchanges.
Participants acknowledged the growing importance of Central Asia’s engagement with Europe, noting that the summit followed a series of agreements reached at a regional summit in Samarkand earlier this year. Leaders stressed the relevance of a structured dialogue with Italy, especially amid evolving global and regional dynamics.
The economic agenda of the summit included proposals for launching a Central Asia-Italy Business Club under the coordination of national chambers of commerce. This forum would serve as a regular venue for business leaders to meet and explore joint initiatives in sectors such as technology, manufacturing, and agriculture.
In support of regional industrial development, Uzbekistan announced the establishment of a special industrial park managed by a European operator in the Tashkent region. Participants also discussed attracting Italian state agencies such as SACE and Simest, as well as joint investment funds, to support industrial projects.
On the cultural and educational front, the summit celebrated successful collaborations such as the branches of the Turin Polytechnic University and University of Pisa in Tashkent. A proposal was made to establish a Central Asia-Italy Scientific and Educational Consortium to support academic exchanges, research, and training in fields like engineering and biotechnology.
Tourism and cultural exchange also featured prominently. With growing interest from Italian audiences in Central Asian heritage, a Creative Economy and Cultural Exchange Forum for youth is proposed to be held next year in Khiva.
The event culminated in the adoption of a joint declaration, setting a strategic framework for long-term cooperation between Central Asia and Italy across a broad spectrum of mutual interests.
Start your day informed with AnewZ Morning Brief: here are the top news stories for June 8th, covering the latest developments you need to know.
Presidential candidate Miguel Uribe Turbay is in critical condition after being shot three times — including twice in the head — during a campaign event in Bogotá.
A 30-year-old woman was shot by police in Munich on Saturday evening after stabbing two people at Theresienwiese, a central park best known for hosting Oktoberfest.
Kazakhstan and the UK are strengthening defense ties with a new Military Cooperation Plan, focusing on peacekeeping and military education.
Mexican President Claudia Sheinbaum has condemned U.S. immigration raids and National Guard deployment in Los Angeles, calling for reforms instead of enforcement.
U.S. President Donald Trump has announced plans to issue a new executive order aimed at addressing labor shortages in the agriculture and tourism sectors, which have been affected by his administration’s stricter immigration policies.
Within the framework of the international event on energy efficiency held in Brussels, Azerbaijan’s Minister of Energy, Parviz Shahbazov, met with the Executive Director of the International Energy Agency (IEA), Fatih Birol.
Azerbaijan is advancing its green energy agenda, with bold targets and regional projects discussed at the IEA’s global energy efficiency conference.
Kazakhstan and the European Union are bolstering their economic partnership, with a recent high-level meeting paving the way for expanded collaboration in trade, investment, and sustainable development.
Kazakh Tourism National Company has introduced a draft concept to transform the historic Baikonur cosmodrome into a future-focused destination for scientific and industrial tourism. The plan aims to attract visitors year-round, beyond just the times of rocket launches.
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