US inflation hits three-year high as consumer spending rises
US consumer spending accelerated in May as prices rose at the fastest pace in over three years.
Annual inflation in Canada reaches 29-month high amid rising oil prices
Canada’s annual inflation rate rose to a 29-month high in May, reaching 3.2 percent.
German Minesweeper Fulda Heads to Mediterranean Amid Preparations for Strait of Hormuz Mission
Germany’s minesweeper Fulda departs for the Mediterranean, preparing for a potential mission in the Strait of Hormuz to secure vital trade routes. The deployment awaits parliamentary approval.
Russia’s Oil Export Value Hits Post-February 2022 High
Russia’s oil export value has reached its highest level since February 2022, averaging $2.42 billion weekly, driven by increased volumes and prices.