Spain, Norway and Ireland band together to recognize a Palestinian state. British Prime Minister Rishi Sunak announces an election for July 4, with the Conservative Party hoping a drop in inflation will invigorate voters. And Argentinian president Javier Milei’s spending cuts take a toll.*This episode was corrected. An incorrect reference to the school shooting in Uvalde, Texas was removed. The shooting happened in an elementary school not a high school.Sign up for the Reuters Econ World newsletter here. Listen to the Reuters Econ World podcast here.

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