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.
Nvidia, Cisco, Oracle and OpenAI are backing a massive artificial intelligence data center in Abu Dhabi called “UAE Stargate,” a project closely tied to a similar U.S. initiative launched by president Donald Trump earlier this year.
The Abu Dhabi site will be built by Emirati tech company G42 and span 10 square miles with up to 5 gigawatts of computing power. The first phase will feature a 1-gigawatt compute cluster, U.S. officials confirmed.
Nvidia is expected to supply the center with its newest Blackwell GB300 AI chips, and executives including Nvidia CEO Jensen Huang and OpenAI’s Sam Altman were present in the UAE for the announcement.
The UAE facility is part of a larger cross-border AI infrastructure plan. It will work in tandem with the U.S.-based “Stargate” data centers championed by Trump, who visited the UAE and Saudi Arabia this week on his first foreign trip of his second term.
The U.S. version of Stargate is in development across 16 states, with construction already underway in Abilene, Texas. Oracle co-founder Larry Ellison has also backed the project.
Nvidia also announced in Saudi Arabia that it will sell 18,000 Blackwell chips to local firm Humain for AI data centers there. AMD confirmed it will also supply chips, and Humain has committed $10 billion to the project.
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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