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![Germany’s inflation eases to 2.5 percent in June, paving way for ECB rate cut](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Inflation in Europe's largest economy had already slackened to 2.3 percent in March, its lowest level since June 2021
![Germany’s renewable energy share reaches 58 percent in first half of 2024](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Photovoltaic systems generated more than 10 billion kilowatt hours of electricity in one month for the very first time in June
![Denmark to introduce first-ever carbon tax on agriculture](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20684'%3E%3C/svg%3E)
The deal calls for taxing farmers 300 Danish crowns ($43.16) per ton of CO2 in 2030, increasing to 750 crowns by 2035
![Spain’s GDP expands 2.5 percent annually in Q1 2024, exceeding initial estimates](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
GDP grew by 0.8 percent sequentially, a faster pace than the 0.7 percent growth seen in the fourth quarter of 2023
![ECB may cut interest rates twice more this year, to reach as low as 2.25 percent in 2025](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
While the ECB must ensure inflation returns to 2 percent, it shouldn’t overly dampen economic activity with interest rate cuts
![South Korea’s overseas assets reach new high of $1.911 trillion](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
External financial assets reached $1.911 trillion at the end of December last year
![Oracle to invest over $1 billion in AI and cloud computing in Spain](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Madrid is expected to receive investments of more than 6 billion euros from the cloud industry in the next three years
![U.K. inflation reaches central bank’s 2 percent target: Will policymakers respond with rate cuts?](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
This marks the lowest annual increase in the consumer price index since mid-2021, in line with analysts' forecasts
![ECB shouldn’t rush or delay future interest rate cuts: Bank of France governor](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
France central bank governor calls on governments and regulators to boost capital markets union to help close investment gap
![ECB cuts interest rates for the first time since 2019, down to 3.75 percent from 4 percent](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Eurosystem staff now see headline inflation averaging 2.5 percent in 2024, 2.2 percent in 2025, and 1.9 percent in 2026
![China reclaims top spot with $196.5 billion in international tourism spending in 2023: Report](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
This reflects the continued recovery of the Asia and Pacific (APAC) region from the impacts of the COVID-19 pandemic
![Microsoft to invest $3.2 billion in cloud and AI infrastructure expansion in Sweden](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20682'%3E%3C/svg%3E)
The tech giant plans to deploy 20,000 advanced GPUs at its Swedish data centers
![Eurozone inflation hits 2.6 percent in May, services inflation reaches 7-month high of 4.1 percent](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Until this month, Eurozone inflation had been steadily declining towards the ECB's 2 percent target
![U.K. headline inflation falls to 2.3 percent in April, but core and services prices remain elevated](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Services inflation eased only slightly to 5.9 percent from 6 percent, missing the 5.5 percent forecast
![Eurozone trade balance surplus jumps to $26.17 billion in March](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
The euro area exports of goods to the rest of the world in March 2024 were $266.39 billion
![Google’s $1.1 billion investment in Finnish data center aims to power AI growth in Europe](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Finland's wind power capacity has increased so rapidly in recent years, by 75 percent to 5,677 megawatts in 2022 alone
![Eurozone economy expands 0.3 percent in Q1 2024, inflation to remain stable at 2.4 percent](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Economic expansion in Germany, Spain and Ireland propelled eurozone's economic growth
![Eurozone lending stagnates in March, ECB rate stance deters borrowers, lenders](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
This data supports the ECB's plan to start cutting eurozone interest rates in June after inflation falls slightly above its 2 percent target
![Greece’s economy expected to grow by 2.1 percent in 2024, new report reveals](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Tourism boosts country’s economy, but lower exports and consumption weigh on growth
![IEA forecasts strong growth in electric car sales to 17 million in 2024](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
The IEA expects China to account for 10 million electric vehicle sales this year
![ECB stays committed to multiple rate cuts despite Fed’s caution, global uncertainty](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
Officials highlighted that the ECB's decisions hinge on incoming data, especially regarding wages, profits, and productivity
![UNCTAD forecasts 2.6 percent global economic growth in 2024, warns of urgent issues beyond inflation](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20682'%3E%3C/svg%3E)
This marks the third straight year of growth below the pre-pandemic average of 3.2 percent from 2015-2019
![ECB signals potential June interest rate cut despite rising oil prices, weaker euro](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
ECB ready to adapt monetary policy stance if current trends persist
![Saudi Arabia’s minister highlights $3 billion in Spanish real estate investments, announces upcoming development agreement](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201024%20683'%3E%3C/svg%3E)
40 percent of Spain's investments in Saudi Arabia over the past 10 years has been in the real estate sector