Germany has completed an effort to bring home 300 metric tons of gold stashed in the US. The bank also repatriated 105 tons of gold from Paris. Once the transfers are completed, Frankfurt will hold half of Germany’s 3,378 tons of reserve gold, with the rest in New York and London. Source: DailyMail
- Iran has recently quadrupled its uranium production, a spokesperson for the nation’s atomic energy agency says.
- The nation has stopped complying with key parts of the 2015 Iran nuclear deal.
- U.S. industrial production fell in April, dragged by a big drop in factory output as production of autos and auto parts continued to slide.
- The Federal Reserve says industrial output — reflecting total production at factories, utilities and mines — dropped 0.5% in April.
- Industrial production also fell 0.5% in February.
Turkey is preparing for potential U.S. sanctions over its purchase of Russian S-400 surface-to-air missile defense systems as Ankara considers the acquisition a “done deal,” Defense Minister Hulusi Akar said on Tuesday. Speaking to reporters, Akar said the U.S. was still trying to dissuade Turkey from purchasing the Russian-made missiles but Ankara was determined to go through with the deal. Source: Daily Sabah
