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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Putin signs decree exempting students from mobilization

The deferment applies to those attending state universities and vocational colleges Russian President Vladimir Putin has granted university and vocational college students a draft deferment. Saturday’s move follows the partial mobilization of military reservists to serve in Ukraine.

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South American nation hikes interest rate to 81%

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