AGP Executive Report
Last update: an hour agoMacroeconomy: Germany’s inflation cooled to 2.6% in May, helped by a temporary fuel tax cut, while energy prices still rose 6.6%—and economists warn the relief may fade after July. Jobs: Unemployment fell by 58,000 in May to 2.95 million and the jobless rate dropped to 6.3%, but officials say the labor market recovery still lacks momentum. Media policy: Germany says it will keep plans for streaming services to meet minimum local production spending quotas, rejecting claims from the U.S. trade representative that the rules are an illegal trade barrier. EU money: Hungary struck a deal with the European Commission to unlock €16.4bn in frozen recovery and cohesion funds after anti-corruption and rule-of-law reforms. Security & tech: Google patched 151 Chrome security flaws, including 22 critical ones—update now. International ties: Germany is also linked to a KfW-backed €R3.8bn power-network loan for Johannesburg, aimed at substations, smart meters and renewables.
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