European Commission president Ursula von der Leyen has called for a “negotiated resolution” between the EU and China to ensure stability and predictability in the global economy amidst US tariffs. The two leaders discussed tracking trade diversion and addressing potential impacts, emphasizing the need for a strong reformed trading system. China’s trade surplus and tensions with the EU highlight the importance of finding common ground and meeting halfway in their relationship to avoid further escalation and support a level playing field in international trade.
Full Article
Eurozone inflation falls below target to 1.9%
Eurozone Inflation Drops Below ECB TargetIn May, Eurozone inflation fell to 1.9%, below the European Central Bank's (ECB) 2% target for the first time in seven months, leading economists to predict potential interest rate cuts. The euro declined by 0.3% following the data release, with expectations for a quarter-point rate cut to 2% anticipated at the ECB's upcoming meeting. Analysts suggest further easing is likely, with core inflation also decreasing to 2.3%, indicating a trend...
Read more