Weekly Newsletter

EU-27 countries inflation hits record high of 9.6% in June

According to data released by Eurostat, the inflation rate of the 27 EU countries in June this year was 9.6%, compared with 2.2% in the same period last year; the inflation rate of the 19 countries in the euro area was 8.6%, compared with 1.9% in the same period last year. Energy prices rose 42% year-on-year, while food prices rose 8.9% year-on-year. Among them, Estonia had the highest inflation rate in June, at 20.5%

Chile's central bank raises benchmark interest rate to 9.75%

Recently, the Central Bank of Chile announced that it will raise the benchmark interest rate to 9.75%. Chile's annualized inflation rate reached 12.5% in June, the highest level in nearly 30 years. The country's finance minister said that because Chile's economy is not dollarized, its floating exchange rate is more volatile than other Latin American countries.

Russian government ready to participate in trade settlement by barter

Russian Finance Minister Anton Siluanov said he has no objection to barter trade in lieu of currency settlements in unfriendly countries. He said that the government's main tool to reduce the risk of income inflows in dollars and euros is to convert foreign trade payments into rubles for the widest possible range of goods.

Japan's current account surplus hits record low in May

According to the preliminary balance of payments in May released by the Ministry of Finance of Japan, the current account, which reflects the transaction of goods, services and investment between Japan and overseas, was in surplus of 128.4 billion yen (about 6.3 billion yuan), down 92.8% from the same period last year. , hitting a new low for the same period in May. Mainly affected by the surge in crude oil prices and the continued depreciation of the yen.

Myanmar orders companies and banks to suspend foreign loan repayments

Recently, the Central Bank of Myanmar issued a statement: suspending the repayment of foreign loans including original value and interest, and licensed banks should reschedule the repayment schedule with customers. And allow foreign institutions to set up wholly foreign-owned non-bank financial institutions or joint ventures, hoping to promote Myanmar's foreign exchange reserves.

Mali enacts new customs law to simplify trade procedures

The government of Mali has promulgated a new customs law aimed at improving the competitiveness of the industrial sector, simplifying trade procedures, providing trade facilitation at international levels such as the World Customs Organization (WCO) and the World Trade Organization (WTO), and drawing lessons from the West African Economic and Monetary Union Customs appropriate provisions of the law to bring Malian customs law into line with regional regulations.

DHL plans to invest more than 190 million pounds to expand UK warehouse

DHL has announced plans to invest more than £190 million to build 10 new collection and delivery warehouses in the UK and expand 20 existing sites, which will bring 3,500 jobs. The investment is part of DHL's plans to expand its UK e-commerce business, DHL Parcel UK.

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