German inflation surpassed the target set by the European Central Bank for the euro zone in June, the second month in a row it has done so, lending support to the ECB’s decision to close its bond purchase scheme at the end of the year. Data published by the Federal Statistics Office on Thursday showed that EU-harmonised German consumer prices rose 2.1 percent year-on-year. The same measure had increased by 2.2 percent in May. The yearly figure matched a Reuters forecast. Source Euronews
he International Monetary Fund said Monday that Italy’s financial situation was among the main risk factors for the global economy. “In Europe the Brexit cliffhanger continues, and the costly spillovers between sovereign and financial risk in Italy remain a threat,” the IMF said in an update of its World Economic Outlook. Source: Ansa
Talks held near the Swedish capital Stockholm on Monday that included representatives from North and South Korea and the United States were constructive, Sweden’s foreign ministry said.
Source: Channel NewsAsia
The bankruptcy of Yukos Oil in Russia will not be recognized in the Netherlands, the Dutch Supreme Court ruled on Friday, upholding a decision in 2017 by a lower appeals court. Source: The Moscow Times
