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ZLATOVNA ECONOMIC NEWS
A quick look at what's new in the world of economic policy, finance and precious metals.

Economy: Analysts: Inflation is falling due to the comparative base, its decline will slow down. Survey: Clients asked 80 percent of companies to extend the invoice payment period. Survey: Economic activity in the euro area is weakening faster than expected. ECB launches survey on themes for new euro banknotes. Analysts: The labor market remains overheated, the economic slowdown has not been reflected. OECD warns of the negative impacts of the massive use of artificial intelligence. Inflation in Slovakia fell to 10.8 percent in June, the lowest in more than a year. Biden and Sunak agreed to deepen economic cooperation. Construction continues to decline, industry grows thanks to cars, trade is in surplus. Prices of main types of fuels in Slovakia continued to decline last week. Zlín police have charged nine people and 14 companies with tax evasion after a raid on Tuesday. China's central bank surprisingly lowered the key interest rate to 1.90 percent. Analysts were surprised by the rise in food prices, they are concerned about inflation next year. The Czech Republic has the highest set reduced VAT rate from neighboring countries. AI will be the biggest bubble of all time, believes the director of Stability AI. The US economy surprisingly accelerated growth to 2.4 percent in the second quarter. Study: The average wage in the Czech Republic in euros increased by 9.8 percent this year to 1,683 euros. MPs already have a government package on their tables, a debate is possible from July 11. CVVM: Inflation is perceived as unacceptable by the most people in the past 30 years. IMF improved its estimate of global economic growth, but inflation will fall more slowly. Year-on-year inflation in May was 11.1 pct., month-on-month prices rose by 0.3 pct.

Stock markets: IEA: The shift to clean energy is increasing demand for critical metals. The company Geomet has acquired land for a lithium processing plant from Cínovce. The French company Imerys will mine lithium from a large deposit in Britain. China and Russia are investing $ 1.4 billion in lithium mines in Bolivia.

Finance: The increase in interest rates has deprived British households of more than two trillion pounds. The Australian central bank will be led by a woman for the first time. The government in Berlin sees the German army as a pillar of European conventional defense. A supporter of the introduction of the euro defended the seat of the governor of the Bulgarian central bank. Reuters: SoftBank is considering listing its PayPay payments division on the US stock market. The Fed raised interest rates by 0.25 percentage points, as expected. Deutsche Bank's quarterly profit fell by 27 percent, but beat expectations. The number of currency exchange offices in the Czech Republic has been decreasing for a long time, with six more leaving the market last year. Goldman Sachs' profit fell by 62 percent due to write-offs and lower trading volume. London investment bankers' earnings fell last year due to lower bonuses. UN: Global public debt rose to a record $92 trillion last year. The Russian central bank raised its base interest rate to 8.50 percent, surprising the market. Bloomberg: Big banks are using artificial intelligence to transform the world of finance. The number of corporate bankruptcies in Japan was the highest in five years in the first half of the year. JPMorgan increased its profit by 67 percent, Wells Fargo also has a higher profit, Citi's profit fell. KB survey: Over two-thirds of Czechs now pay exclusively cashless. According to the governor, the Polish central bank could cut interest rates in September. Analysts: The reluctance to accept card payments may be due to an effort to reduce taxes. Chinese developer Evergrande reported a loss of CZK 1.7 trillion in two years. Index: The average Czech investor in funds earned 5.7 percent in the first half of the year.