Europe
Recent services volatility reflects structural changes
Still-high services prices continue to constrain monetary policy easing amid post-pandemic shifts in spending patterns
InternationalItaly-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
InternationalCentral bank digital currencies diverge and progress
The euro area’s central bank digital currencies (CBDC) project is lagging behind the Chinese equivalent
International
