Europe
Central bank digital currencies diverge and progress
The euro area’s central bank digital currencies (CBDC) project is lagging behind the Chinese equivalent
InternationalAnti-tourism sentiment in Spain will persist
Anti-tourist demonstrations have taken place across several Spanish regions so far this year
SpainUkrainian agriculture faces serious challenges
Russia’s full-scale invasion has severely damaged Ukraine’s agricultural sector, reducing its economic role
UkraineGerman constitutional reforms could set a precedent
Germany’s main parties hope that constitutional court reforms will protect Germany against future rule of law abuses
GermanyEurope and Japan lead the renewed manufacturing slump
The euro-area and Japan saw manufacturing activity and orders weaken in July but services activity remains resilient
InternationalFrench chaos risks further hurting Macron’s support
Macron’s decision to not cooperate with the main winners of the elections could damage his credibility further
FranceArbitration ruling will shape future of Russian gas
An arbitration tribunal in Stockholm awarded EUR13bn in damages to the German energy company Uniper
RussiaCyprus is no closer to resolving its divisions
The 50th anniversary of the Turkish military intervention laid bare the island’s divisions
Cyprus
