Reuters

GENEVA (Reuters) - The El Nino weather pattern that can cause extreme events such as wildfires and tropical cyclones is forecast to swing back into generally cooler La Nina conditions later this year, the World Meteorological Organization (WMO) said on Monday.

El Nino is a naturally occurring warming of ocean surface temperatures in the eastern and central Pacific, while La Nina is characterised by cold ocean temperatures in the equatorial Pacific... (continue reading...)

BERLIN (Reuters) - The downturn in Germany's manufacturing sector, which accounts for about a fifth of Europe's biggest economy, showed signs of bottoming out in May as output and new orders declined at a much slower pace than the month before, a survey showed on Monday.

The HCOB final Purchasing Managers' Index (PMI) for German manufacturing rose to 45.4 in May from 42.5 in April, confirming a preliminary flash estimate and still below the 50 level... (continue reading...)

DUBAI (Reuters) - Forced displacement has pushed over a million people away from the Gazan city of Rafah, the United Nations Palestinian refugee agency (UNRWA) said on Monday.

The small city on the southern edge of the Gaza Strip had been sheltering around 1 million Palestinians who fled Israeli assaults on other parts of the enclave, aid groups said.

Since early May, Israel's military has been carrying out what it says is a limited... (continue reading...)

COPENHAGEN (Reuters) - Sweden's Ericsson said on Monday that a four-year programme to monitor the company's compliance with a U.S. anti-corruption agreement had ended on June 2.

The appointment in 2020 of an independent monitor followed a settlement the previous year with the U.S. Department of Justice (DOJ) to resolve a probe into alleged corruption by the company in China, Vietnam, and Djibouti.

The monitor had been assessing the... (continue reading...)

By Daren Butler and Oben Mumcuoglu

ISTANBUL (Reuters) -Turkish annual consumer price inflation reached 75.45% in May, a bit above expectations, according to official data on Monday, in what is expected to be the high water mark before a series of rate hikes and relative lira stability bring relief.

The consumer price index rise was driven by strong advances in education, housing and restaurant prices last month.

Monthly... (continue reading...)