Spending rose by 1.3% from April 2023 to May 2023, according to a June 29 statement from the economy ministry, beating economists’ expectations of a 0.8% increase.

European gasoline and blending component cargoes to the U.S. are poised to drop to a three-month low in June, with volumes likely to be about 350,000 barrels a day.

The principles establish a common understanding of key digital trade issues and a joint commitment to create an open digital economy that's free of “unjustified” international trade barriers.

“Political leaders in Europe... are interested in so-called decoupling or de-risking. Which, to be honest, according to our understanding, would be [economic] suicide,” said Hungary’s Foreign Minister.

The restored status will take effect July 21, 2023, according to a June 27 statement from Japanese trade minister Yasutoshi Nishimura.

"Temperatures above the norm across Europe could potentially increase energy demand for cooling purposes,” said Energi Danmark in a note.

In May 2023, exports from South Korea were down 11% over the last 12 months when compared to levels recorded during September 2022.

The Inflation Reduction Act has been a "huge challenge,” according to U.K. Business Minister Nusrat Ghani who said that the lure of the U.S. "distorts the market.”

North American and European carriers sat largely on the sidelines while Airbus raked in a record-setting deal for 500 narrowbody jets from low-cost carrier Indigo.

The company will launch an online marketplace in Mexico followed by rollouts in Germany, Spain, France and Italy during the third quarter of 2023.