Inflation in Germany decreased slightly to 2.6 percent in May. The cooling trend was primarily driven by a decline in energy prices and a temporary reduction in fuel excise duties.
Based on reporting by nu. Translated and condensed by LocalHeadlines.
Denmark is preparing to launch 51 emergency supermarkets equipped to function during power outages and cyberattacks, providing essential supplies even without grid connectivity. The Netherlands is currently exploring similar strategies as part of a national food security plan, though no concrete implementation has been finalized.
Volvo is cutting 2,500 jobs worldwide, primarily in Sweden, to save 450 million euros following a decline in sales in China. The manufacturer joins other European carmakers in restructuring operations amid intense pressure from Chinese competitors and new European Union import tariffs.
Global oil prices have surged past 100 dollars per barrel due to Houthi attacks in Saudi Arabia and the blockade of the Strait of Hormuz. Analysts from ING warn that escalating tensions between Iran and the United States threaten energy supplies, making previous price stabilization forecasts unlikely.
Dutch websites were taken offline on Wednesday as a proactive measure to defend against vulnerabilities found in PHP systems. This decision proved effective as millions of cyberattacks were launched globally against sites that remained online.
Italian Prime Minister Giorgia Meloni has introduced a package of tax credits and subsidies to help transport companies, farmers, and fishermen cope with soaring diesel prices. This decision followed a week of protests and road blockades by truck drivers, who ceased their actions once the government committed to the financial support measures.
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