Business News Essentials 8:00 PM (6:00 PM GMT)

PARIS (awp/afp) – Update on this Friday’s economic news at 8:00 pm (6:00 pm GMT):

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United States: Inflation in May intensifies again with a year-on-year increase of 3.9%

– Decline in household income, but their spending remains stable in May

– Fed: Stress test successful for big banks, sanctions lifted

Nuclear: Washington and Paris pressurize new Iranian president

– The IAEA has not received a “feedback” from Tehran on the possible extension of the arrangement on the inspection which has just ended

France: Public debt climbed to a record low of 118.2% of GDP at the end of the first quarter

– Unemployment (Category A) fell sharply by 3.5% in May

– Health insurance aims to save €1 billion in 2022

Envision battery plant in Douai: to achieve 1,000 jobs by 2024

CAP reform: agreement between MEPs and EU states

Covid: In need of vaccines, Africa in grip of third “brutal” wave

– Iceland lifts all restrictions related to Kovid-19

Money Laundering: Haiti, Malta, Philippines and South Sudan are on the Gray List of Financial Action Task Force (GAFI)

France: Regulated gas tariffs will increase by almost 10% in July

Brussels region to ban all cars with combustion engines in 2035

===================================== To continue on Monday ===============

Economy

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ECB

Speech by Executive Board Member Fabio Panetta on Monetary Policy during the COVID-19 Pandemic – (10 AM)

UK

European Development Bank (EBRD) meeting – (until 2 July)

Germany:

Annual conference on finance with presentations by European bankers and central bankers –

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companies

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Barcelona: World Mobile Fair – (until July 1)

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