Bloomberg French President Emmanuel Macron shuffled his cabinet after losing his outright majority in parliament last month but made few changes, in a sign that he’s failed to convince major opposition figures to join his coalition. The 44-year-old centrist is keeping Finance Minister Bruno Le Maire, Interior Minister Gerald Darmanin and Foreign Affairs Minister Catherine Colonna in their posts. ...

Bloomberg The poorest families in the UK were left “brutally exposed” to the cost of living crunch after almost two decades of income stagnation, the Resolution Foundation warned. In a report, the think tank said too many families faced the current crisis already struggling with low incomes, scant savings and ungenerous welfare support. Adjusted for inflation, the disposable income of ...

  Bloomberg Germany reported its first monthly trade deficit in three decades, as companies faced surging costs for imports and softer demand for their products amid a darker economic outlook. The shortfall in May for Europe’s biggest economy was 1 billion euros ($1 billion), a gap not seen since 1991. Cross-border sales unexpectedly falls by 0.5%, while imports rise 2.7%, ...