News in Brief
Eurozone investor mood darkens
REUTERS – Investors got more gloomy on prospects for the euro zone economy in June, dragged down by negative expectations for Germany, Europe’s biggest economy, a survey showed on Monday.
Economic analysis company Sentix said its monthly survey on investor views on the 20-member euro zone, which gauges whether investors are positive or negative on growth prospects, fell to minus 17 points for June from minus 13.1 in May.
France announces massive state aid to chips factory
AFP – France is ploughing 2.9 billion euros ($3.1 billion) of public money into a factory to make microchips, officials said on Monday, heating up a global race for the lucrative market.
Europe and the United States have both passed so-called Chips Acts to boost investment in the sector.
Chips, also known as semiconductors, are vital for every electronic device, from smartphones to electric cars, and control of supply chains has become a major priority for the world’s biggest trading blocs.
Air travel to be disrupted: IATA
CNBC – Air travel will be affected by “very frustrating” supply chain issues this year, according to Willie Walsh, director general of the International Air Transport Association, as he discussed the challenges facing the aviation sector this year.
″[It’s] so frustrating, because it is going to have an impact in summer 2023. And we’re already seeing that,” Walsh said.