Good morning. Taming inflation becomes harder for France, a possible bailout for Uniper, China and US talk trade, and Ukraine needs more money than what allies have pledged. Here’s what people are talking about.
French President Emmanuel Macron’s standout success in using public spending to tame rampant inflation is reaching its limits as a swelling debt burden and the loss of a governing majority curtail his ability to act. Until now, France could boast the lowest inflation in the entire euro-area — with the exception of island state Malta — after 25 billion euros in pre-election giveaways kept the rate in check. Yet rising prices are becoming harder to offset as they spread beyond energy to engulf food, goods and services.
