Russia's mineral fertilizer exports up 7% in Jan-July 2025

Russia's mineral fertilizer exports up 7% in Jan-July 2025

Russia's exports of mineral fertilizers increased by 7 percent to 26.1 million tonnes in the period of January-July 2025, Russian Fertilizer Producers Association President Andrey Guryev said Friday, reported Xinhua. "Based on our expert assessment, mineral fertilizer exports reached 26.1 million tonnes in January-July 2025, which is 7 percent higher than the figure for the same period last year," Guryev said. He noted that Russia currently holds an 18 percent share in the global fertilizer market. Since 2013, Russia's fertilizer exports have risen by 60 percent, hitting 42 million tonnes in 2024, and the country aims to boost exports further to 44 million tonnes in 2025.

Russia's mineral fertilizer exports up 7 pct in first 7 months of 2025

Russia's mineral fertilizer exports up 7 pct in first 7 months of 2025

Russia's exports of mineral fertilizers increased by 7 percent to 26.1 million tonnes in the period of January-July 2025, Russian Fertilizer Producers Association President Andrey Guryev said Friday, reported Xinhua. "Based on our expert assessment, mineral fertilizer exports reached 26.1 million tonnes in January-July 2025, which is 7 percent higher than the figure for the same period last year," Guryev said. He noted that Russia currently holds an 18 percent share in the global fertilizer market. Since 2013, Russia's fertilizer exports have risen by 60 percent, hitting 42 million tonnes in 2024, and the country aims to boost exports further to 44 million tonnes in 2025.

Finland's Q2 GDP falls 0.4%, annual growth forecast cut

Finland's Q2 GDP falls 0.4%, annual growth forecast cut

Finland's gross domestic product (GDP) contracted by 0.4 percent in the second quarter of 2025 from the previous quarter, Statistics Finland said in a press release on Friday, reported Xinhua. The working-day adjusted GDP remained unchanged from the same period last year, according to the statistical authority. "The development of GDP in April-June of this year was weighed down by decreases in both private and public consumption," said Antti Kosunen, a senior statistician at Statistics Finland. Public consumption expenditure fell by 1.0 percent and private consumption by 1.3 percent from the first quarter. Meanwhile, the volume of exports declined by 0.2 percent, while imports rose by 2.5 percent. Investment activity, however, continued to grow. Private investments increased by 2.9 percent and public investments by 5.1 percent. "The growth in investment is a good sign for the economic outlook," Kosunen noted. Jukka Appelqvist, chief economist of the Finland Chamber of Commerce, said the performance in the second quarter was clearly weaker than economists had expected. "The sign of the last three quarters is now negative, so technically Finland is in recession again," he said in a press release issued on Friday. Appelqvist highlighted private consumption as the clearest weakness, with its level falling to the lowest point in four years. However, statistics Finland reported that GDP in July grew by 0.4 percent from the previous month. Appelqvist added that the third quarter appears to have started better, and from an optimistic perspective, signs of recovery may be emerging. With GDP figures indicating Finland had entered a technical recession, commentators predicted growth forecasts would be revised down. Aki Kangasharju, CEO of the Research Institute of the Finnish Economy (ETLA), told business daily Kauppalehti on Friday that ETLA would lower its 1.2 percent growth forecast for this year, though it would maintain its 1.4 percent forecast for 2026. He said strengthened purchasing power and lower interest rates are expected to support the economy. The Finnish Ministry of Finance has recently predicted growth of 1.0 percent this year and 1.5 percent in 2026, while the Bank of Finland forecast 0.5 percent growth this year and 1.5 percent in 2026.

Deutsche Welle reporters threatened by Israeli military in West Bank

Deutsche Welle reporters threatened by Israeli military in West Bank

The Israeli military has been accused of targeting Deutsche Welle (DW) reporters in the West Bank, according to Germany's international broadcaster, reported dpa. "A DW team was threatened with weapons and fired on with tear gas by Israeli soldiers while filming in Ramallah, despite wearing clearly marked 'PRESS' gear," the broadcaster said in a statement on Friday. The reporters were exposed to tear gas but remained unharmed. The Israeli military has so far not commented on the incident. According to DW, the team was documenting the "risks faced by media professionals" in the West Bank and observing the work of a local journalist during a demonstration. On their way there, they were informed that the Israeli military was conducting a raid in central Ramallah. "Israeli soldiers aimed their weapons at them during filming," DW reported. The broadcaster released footage showing the incident. The raid in the Palestinian city of Ramallah targeted money changers accused of transferring funds to members of Islamist group Hamas to support terrorist activities against Israel, according to the military. Eyewitnesses reported confrontations between soldiers and residents during the operation, with live ammunition and tear gas being used. The Palestinian Health Ministry, based in Ramallah, stated that around 30 people were injured, some of whom required hospital treatment. In July, DW reported that two of its employees were attacked by Israeli settlers in the West Bank. The correspondent and her cameraman were pelted with stones but managed to escape unharmed. "The repeated attacks on our journalists in the West Bank are absolutely unacceptable," DW director general Peter Limbourg said. "There is no justification for threatening press representatives – neither by the military nor by radical settlers."

German unemployment tops 3m for 1st time since 2015

German unemployment tops 3m for 1st time since 2015

The number of unemployed people in Germany has topped 3 million for the first time in over 10 years, increasing month-on-month by 46,000 in August, the Federal Employment Agency said on Friday, reported dpa. The unemployment rate rose by 0.1 percentage point compared to July, reaching 6.4%. The figures - although not unexpected due an economic downturn and seasonal fluctuations - highlight the urgent need for reforms to boost growth and employability, according to Chancellor Friedrich Merz. "This will be the focus of the federal government," Merz said on the sidelines of Franco-German ministerial talks in Toulon in southern France. A spokeswoman for Economy Minister Katherina Reiche emphasized the need for swift action to create stable conditions. She highlighted lowering energy prices, securing skilled labour and reducing bureaucracy as key priorities. Parliamentary leaders from Merz's governing coalition, made up of his conservatives and the centre-left Social Democrats (SPD), are holding a retreat in the German city of Würzburg while much of the Cabinet hold talks with their French counterparts. Christian Democrat (CDU) parliamentary leader Jens Spahn said they would be pushing for measures to stimulate economic growth. "Three million unemployed is a milestone that shows everyone the difficult situation Germany is in during its third year of recession," he told reporters. 'Signs of stabilization' The August 2025 figure of 3.025 million was also 153,000 more than in August 2024. Unemployment in Germany has been steadily rising since late 2022. "The labour market is still characterized by the economic stagnation of recent years," the employment agency's chairwoman Andrea Nahles said in Nuremberg. "However, there are also initial signs of stabilization." Unemployment figures typically rise over the summer because companies hire fewer people before the holidays and training relationships end. The number of unemployed last exceeded the 3-million mark in February 2015. "Three million unemployed people is a damning indictment of the refusal to reform in recent years," said Rainer Dulger, president of the Confederation of German Employers' Associations. What is needed now is a genuine autumn of reforms, he added. In a nationwide comparison, the unemployment rate remained highest in the city-states of Bremen, at 11.8%, and Berlin, at 10.5%, and lowest in the southern states of Bavaria, at 4.2%, and Baden-Württemberg at 4.7%. The Federal Employment Agency used data available up to August 13 for the statistics. The Institute for Employment Research (IAB) sees initial glimmers of hope despite the new peak in unemployment. For its labour market barometer, experts survey all employment agencies monthly about their expectations for the next three months. In August, for the first time in three years, they expected the rise in unemployment to come to an end. Employment could also pick up again as a result, the IAB said. Some economists believe more labour market flexibility, including the ability to sack people more easily, may conversely help the unemployment numbers. Others fear that applying pressure, including cuts to the welfare state, could have dire consequences.