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.
President Donald Trump has completed a four-day tour of the Gulf, announcing more than $2 trillion in investment and defense agreements with Saudi Arabia, Qatar, and the United Arab Emirates.
While many of these deals are still in early stages or represent future plans, the trip highlighted growing economic and security ties between the U.S. and the Gulf region.
In Saudi Arabia, Trump met Crown Prince Mohammed bin Salman and signed a “Strategic Economic Partnership” along with 12 agreements across sectors like energy, technology, and defense. Saudi Arabia pledged up to $600 billion in investment into the U.S., though analysts say this figure may be optimistic. The White House described a $142 billion defense deal as the largest arms sale in history. The visit also included a new AI partnership between U.S. chipmaker Nvidia and Saudi firm Humain to build AI factories over the next five years.
In Qatar, Trump announced deals valued at more than $243 billion, including a $96 billion aviation sale with Boeing and General Electric. Qatar also agreed to a $42 billion defense package involving missile systems, drones, and refueling aircraft. The two countries signed a broader economic agreement valued at $1.2 trillion. At the U.S. military’s Al Udeid Air Base, Trump praised Qatar’s $10 billion plan to upgrade the base. Qatar also pledged $1 billion for quantum technology development in the U.S.
In the UAE, Trump met President Sheikh Mohamed bin Zayed in Abu Dhabi. The UAE signed new deals worth $200 billion and pledged to invest $1.4 trillion in the U.S. over the next decade. They also launched a 5-gigawatt AI campus in Abu Dhabi — the largest outside the U.S. — with participation from companies like Nvidia and xAI.
Though many of these agreements are announcements or pledges rather than finalized contracts, the tour demonstrates strengthened Gulf-U.S. cooperation and underscores Trump’s influence in the region.
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 rain trigger flash floods across central and southern regions, threatening lives, and infrastructure.
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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