‘Due reaction’ to follow Finland’s visa move – Russia

Helsinki’s decision to throttle the issuance of visas to Russian citizens is discriminatory, Moscow says Finland’s decision to dramatically decrease the number of visas it grants to Russian citizens has been noted by Moscow, which will react to the move in due course, a spokesman for the Russian Foreign Ministry has said.

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South American nation hikes interest rate to 81%

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Grim future projected for EU’s top economy   

German industrial production unexpectedly fell in May, raising fears of a prolonged downturn in the EU’s top economy, data from the federal statistics agency Destatis showed on Friday. Output slipped by 0.2% compared to the previous month, as a 13% drop in pharmaceuticals outweighed increased vehicle production.

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