INT
UK rates have further to rise and are affecting wealth
Consumer price inflation eased to 7.9% but core inflation remains near 7%
United KingdomNATO will integrate Ukraine gradually
The Vilnius summit confirmed that Ukraine will join NATO in the future and removed obstacles to Sweden's accession
NATOBlack Sea deal uncertainty adds to food price pressure
Russia yesterday withdrew from the Black Sea Grain Initiative, adding to pressures on global food markets
InternationalPolitics will drive growth in trade de-dollarisation
De-dollarisation of trade is growing but the US dollar remains dominant, especially for savings and pricing
InternationalWeaker finance context would test all emerging markets
Macroeconomic stability, policy credibility and dollar weakness are improving prospects for most emerging markets (EMs)
InternationalInequalities between emerging markets are rising
Debt distress is high and 3.3 billion people live in nations that spend more on debt payments than health and education
InternationalUS shelter, services and food CPI has further to fall
Headline consumer price inflation slowed to 3.0% in June and core CPI to 4.8% but shelter inflation remains near 8%
United StatesWeak China demand to weigh on global prices and demand
China’s goods exports and imports fell sharply in June and its export prices fell by the most in over a decade in May
China
