European Commission President Ursula von der Leyen said a free-trade deal with South America’s Mercosur bloc is “in sight” but faces resistance ahead of a two-day summit in Uruguay. Leaders from Brazil, Argentina, Uruguay, and Paraguay are negotiating the pact to establish the world’s largest free trade zone. However, Italy’s opposition threatens to derail the 20-year effort to create the world’s largest free-trade zone.
EU chief makes final push to secure Mercosur free trade agreement
US Central Bank Warns of Inflation Spike Due to Iran War and Rising Oil Prices
US central bank raises inflation forecast amid rising oil prices linked to the Iran war, signaling potential economic challenges ahead.
EU leaders face tensions over Hungary’s veto of €90 billion Ukraine loan
EUROPE MORNING BRIEFING
This morning, the leaders of the European Union gather for a summit addressing Hungary’s veto of financial support for Ukraine, the