Europe
Non-wage labour cost inflation keeps ECB cuts cautious
Euro-area wage growth slowed in April-June but non-wage labour costs accelerated
EUHousing market distortions will hinder economic growth
Relatively high home ownership raises at least as many wider economic costs as benefits
InternationalEastern European economies continue to sputter
Slow growth and an uptick in inflation are weighing on the region’s economies
Eastern EuropeLondon will struggle to exernalise asylum policy
Starmer wants to learn more about Italy’s approach to tackling irregular migration
United KingdomSerbia’s demands unlikely to deter Prishtina
President Aleksandar Vucic issued a set of demands and measures in response to Prishtina’s moves to centralise authority
SerbiaEU deforestation law could be delayed
There is growing pressure on the European Commission to delay the implementation of its deforestation regulation
EURussia will threaten use of nuclear weapons
Vladimir Putin warned that allowing Ukraine to use NATO-supplied weapons to strike Russia would be an act of war
RussiaTurkey will resist US-Cypriot alignment
Ankara has condemned growing defence cooperation between Nicosia and Washington
Turkey
