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.
Nordic leaders on Monday pledged deeper cooperation to strengthen civil preparedness and resilience amid rising global instability, while reaffirming support for Ukraine and the two-state solution in the Israeli-Palestinian conflict.
In a joint statement following a summer summit in Finland, the governments of Finland, Denmark, Iceland, Norway, Sweden, Greenland, the Faroe Islands, and Åland emphasized their “unwavering commitment” to peace, security, and crisis response.
“We will build resilient communities equipped to face future uncertainties,” the statement said, highlighting increased collaboration in areas including nuclear safety, energy, climate, finance, health, education, and digital services.
The summit came as Russia continues its war in Ukraine. Finnish Prime Minister Petteri Orpo said Nordic countries are boosting defense spending in response to the “long-term threat” posed by Moscow.
Orpo also noted that U.S. President Donald Trump’s recent criticism of Vladimir Putin’s airstrikes on Ukraine may signal a shift: “It looks like Trump is frustrated with Putin... I hope this shows he understands Putin doesn’t want peace.”
Danish Prime Minister Mette Frederiksen added, “Russia is not interested in peace. During the day, Putin talks about negotiations; at night, he bombs Ukraine.” She confirmed Nordic support for Ukraine through military aid and industrial cooperation.
Swedish Prime Minister Ulf Kristersson said any peace deal must be “on Ukrainian terms,” warning that “a bad peace would be an invitation for another assault.”
Backing Greenland, rejecting Trump’s territorial ambitions
Frederiksen and Greenland’s Prime Minister Jens-Frederik Nielsen thanked Nordic allies for backing Denmark against Trump’s earlier push to acquire Greenland. “The future of Greenland has to be decided in Greenland,” Frederiksen said.
Nielsen called for full respect for international law and territorial rights. Norway’s Prime Minister Jonas Gahr Støre reassured, “We stand by you and Denmark in solidarity.”
Nordic leaders expressed support for a two-state solution as the path forward for peace between Israel and Palestine.
Finnish Prime Minister Petteri Orpo described the two-state solution as the “only sustainable” way forward.
Iceland’s Prime Minister Kristrun Frostadottir said the international community must act quickly to address the humanitarian situation. “The time for action is coming,” she 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 high-speed tram derailment in central Gothenburg, Sweden, left eight people injured late on June 20, after the vehicle slammed into a snack bar on Avenyn Avenue.
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.
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