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Real-time News
July 17th - Eurozone inflation cooled slightly in June, remaining unchanged from the preliminary reading. Overall inflation was -0.1% month-on-month, primarily driven by a decline in energy price inflation (-1.8%). Looking at the breakdown, further cooling of energy prices led to a continued decline in overall year-on-year inflation, with the energy price inflation rate falling from 10.8% in May to 8.5% in June. Meanwhile, food and service price inflation also slowed further. The food price inflation rate fell from 1.9% in May to 1.5% in June, while the service price inflation rate fell from 3.5% to 3.2%. Overall, this pushed core inflation further lower. In summary, the inflation situation did not worsen in June, allowing the European Central Bank greater policy flexibility during the summer and more time to observe before deciding on its next monetary policy move. The current risk lies in the possibility that renewed tensions in the Middle East could trigger a new round of increases in oil and gas prices, further pushing up price pressures during the summer. In the longer term, this also increases the risk of a potential "second-round effect."On July 17th, at the 2026 World Artificial Intelligence Conference and High-Level Meeting on Global Governance of Artificial Intelligence held in Shanghai, the "Global Artificial Intelligence Innovation Index Report 2026" was released. Regarding global AI development trends, the report shows that AI infrastructure continues to expand, with energy supply becoming a new variable for future development; the focus of large-scale model industrialization is shifting from general-purpose to vertical, from training to inference, and from single-point technology applications to the reshaping of the entire business process, with enterprises exhibiting significant heavy asset investment; global AI governance faces urgent needs, and China is promoting global governance and inclusive cooperation from multiple dimensions.On July 17th, JD.com announced that it will invest over 10 billion yuan annually to pay for the five social insurances and one housing fund for its full-time delivery riders and couriers. It is understood that JD.com has already provided 28,000 housing units for its frontline employees through various means, and will invest another 22 billion yuan over the next five years to supply 150,000 new "Service Workers Homes." Currently, JD.coms "Service Workers Homes" have been established in Beijing, Wuhan, Chengdu, and other cities.On July 17, the Cyberspace Administration of China, together with relevant parties, proposed the "Global Cooperation Initiative on Mutual Trust, Interconnection, and Interoperability of Intelligent Agents" at the main forum of the 2026 World Artificial Intelligence Conference and the High-Level Meeting on Global Governance of Artificial Intelligence. This initiative aims to build consensus among all parties and collaborate with global partners to create an open, trustworthy, secure, and inclusive intelligent agent ecosystem. We support the development of open, non-discriminatory, and transparent international standards for intelligent agent interoperability, based on the broad participation of all countries, and promote compatibility and mutual recognition of interfaces, interconnection protocols, semantics, and process layers. We also support the establishment of an open standard verification and iteration mechanism to avoid technical barriers and ecosystem fragmentation, and to facilitate seamless access for different intelligent agents to the global collaborative network.The final reading of the Eurozones core CPI annual rate for June was 2.1%, compared to 2.2% previously.
