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.
U.S. and Chinese officials reported "substantial progress" in tariff negotiations held in Geneva, though specific details remain scarce. A joint statement is expected to be released on Monday.
U.S. Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer concluded two days of high-level talks with Chinese Vice Premier He Lifeng in Geneva, marking a potential turning point in the ongoing trade dispute. While both sides described the discussions as "productive," they provided few specifics on the outcomes.
The trade war escalated after President Trump imposed tariffs up to 145% on Chinese imports, prompting China to retaliate with a 125% levy on U.S. goods. The bilateral trade deficit with China reached a record $263 billion, intensifying the urgency for a resolution.
President Trump expressed optimism, suggesting the negotiations could lead to a "total reset" of tariffs. U.S. officials indicated that the reset talks could stabilize global markets and restore bilateral trade.
A joint U.S.-China statement is anticipated, with follow-up meetings planned, including discussions with Chinese shipping executives visiting Washington. The White House aims to leverage U.S. economic power to open China's market for American exporters.
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.
China issued red alerts as extreme monsoon rains trigger flash floods across central and southern regions, threatening lives, infrastructure, and the world’s second-largest economy.
Start your day informed with AnewZ Morning Brief: here are the top news stories for June 20th, covering the latest developments you need to know.
A deadly overnight Russian drone assault on Ukraine’s Black Sea port city of Odesa left one person dead and at least 14 injured, striking residential buildings and key rail infrastructure, according to local authorities.
There are international calls to seek a diplomatic solution amid rising tensions in the Middle East and to prevent Iran from acquiring nuclear weapons. That's according to U.S. Secretary of State Marco Rubio and key international allies who discussed the escalating conflict between Iran and Israel.
Canada warns the U.S. to reach a trade deal by 21 July or face new steel and aluminium tariffs, as PM Carney vows to protect Canadian workers from U.S. measures.
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