Europe
UK dependence on fossil fuel imports could increase
The Labour government has pledged to bolster renewable capacity and accelerate the phase-out of fossil fuel exploration
United KingdomFirmer trade could boost German and euro-area growth
The euro area grew by a firm 0.3% on the quarter in April-June but Germany contracted and only Spain is growing strongly
EUItaly-China ties unlikely to improve greatly
Giorgia Meloni is visiting China for the first time since becoming prime minister in October 2022
ItalyRussia will target Europe with new nuclear missiles
President Putin yesterday threatened “mirror measures” if the United States deploys long-range missiles in Germany
RussiaEU Artificial Intelligence Act will have limited reach
The EU’s Artificial Intelligence Act will come into force next week
EUFrench attacks will heighten security apprehensions
France’s main railway network has suffered major arson attacks ahead of the opening ceremony of the Paris Olympic Games
FrancePolitical uncertainty will hurt France’s economy
France’s business confidence has fallen to its lowest levels since the pandemic following the recent elections
FranceG20 cooperation will continue but actions are limited
The G20 meeting underway promises greater cooperation on taxation, climate, non-bank risks and currency volatility
International
