Turkish inflation hit a 24-year high in May amid pressure from skyrocketing food and energy prices. Official data showed on Friday that consumer prices rose 73.5% in year-on-year terms last month, up from 70% in April.

[unable to retrieve full-text content]

Rheinmetall has increased the cost of 155-mm caliber shells used by Kiev’s armed forces from €2,000 to €3,600 The price of artillery shells produced by German arms manufacturer Rheinmetall have soared by more than half since the start of the Ukraine conflict, an investigation by the Welt am Sonntag newspaper published on Tuesday revealed.