In May 2019, in Malta the seasonally adjusted index of industrial production increased by 1.3 per cent. Increases were registered in the production of energy (4.5 per cent), consumer goods (2.3 per cent) and intermediate goods (1.8 per cent). On the other hand, the production of capital goods decreased by 1.5 per cent. When compared to May 2018, the working-day adjusted index of industrial production decreased by 4.9 per cent. Decreases were registered in the production of consumer goods (10.9 per cent), intermediate goods (2.0 per cent) and capital goods (1.4 per cent). Energy production went up by 2.2 per cent. – NSO
Manufacturing orders in Germany dropped 2.2 per cent month-on-month in May, and were down 8.6 per cent from the same month in 2018. This is the result of a steep drop-off in foreign demand that is hitting factories across the eurozone and raising expectations that the European Central Bank will revive its crisis-era stimulus. – FT
Britain’s competition regulator has stepped in to pause Amazon’s investment in online food delivery group Deliveroo while it considers launching a full investigation. Reuters
BMW’s chief executive Harald Krüger will not seek a second term, throwing the German carmaker into a succession period as it deals with falling profits and the need to increase investment in electric vehicles. FT / Reuters
Italy has joined a huge rally in world bond markets, with yields set on Friday for their biggest weekly fall in more than a year as Rome avoided a clash with the European Union over its fiscal policy for now and hopes for monetary easing soon grow. Reuters
An Italian auditing watchdog has warned the country’s state railways group, Ferrovie dello Stato (FS), that it needs to carefully consider the economic sustainability of its offer to help rescue national airline Alitalia. Reuters
Danske Bank undertook an internal probe into a whistleblower who exposed the Danish lender’s €200bn money-laundering scandal in an attempt to “discredit” him and “blackmail him into silence”, his lawyer has claimed. – FT
U.S. benchmark crude prices fell on weak economic indicators on Friday while Brent oil ticked higher, supported by tensions over Iran and this week’s decision by OPEC and its allies to extend a supply cut deal until next year. Reuters
Wikpedia Co-Founder Larry Sanger said in an interview social media companies like Facebook and Twitter are abusing their power and violating users’ privacy and security.- CNBC
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