Unemployment Rises in the Eurozone in May Amid Economic Slowdown:
The unemployment rate in the Eurozone recorded a slight increase in May,
reflecting the ongoing challenges facing the labor market amid slow economic growth.

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Tesla

Nvidia

Eurozone

Tesla Ends Sales Decline in China with Slight Growth in June

Tesla’s electric vehicle sales in China saw a slight year-over-year increase of 0.8% in June,
reaching 71,599 units, thus ending a streak of eight consecutive monthly declines.

According to data released on Wednesday by the China Passenger Car Association,
sales of Model 3 and Model Y vehicles produced at Tesla’s Shanghai factory rose by 16.1% compared to May.
These figures include both domestic sales and exports to European and other markets.

This limited improvement comes when Tesla faces fierce competition from Chinese automakers, most notably BYD,
which reported a larger annual sales increase of 11% in June, with total deliveries reaching 377,628 units globally.

Nvidia Tops Global Companies by Market Value at the End of June

In June, Nvidia reclaimed its position as the most valuable company in the world by market capitalization,
supported by growing expectations of strong demand for its chips and its leading role in the AI sector.

According to Reuters, the American chip giant ended the month with a market value of $3.86 trillion,
surpassing Microsoft, which stood at $3.69 trillion.

Despite this achievement, Nvidia has yet to surpass Apple’s historical record from December 2024, which was $3.92 trillion.

Meanwhile, Apple’s market value dropped to $3.1 trillion by the end of June, ranking third globally.

Other major tech firms also saw notable gains: Meta Platforms: $1.86 trillion, Broadcom: $1.3 trillion, Amazon: $2.33 trillion.

Unemployment Rises in the Eurozone in May Amid Economic Slowdown

The unemployment rate in the Eurozone recorded a slight increase in May,
reflecting the ongoing challenges facing the labor market amid a slowdown in economic growth.

According to data released on Wednesday by the European statistics office, Eurostat,
the seasonally adjusted unemployment rate rose to 6.3%, compared to 6.2% in April.
However, it remains below the level recorded in May 2024, which was 6.4%.

At the European Union level, the unemployment rate remained steady at 5.9% in May,
unchanged from the previous month, showing a slight improvement compared to 6% in the same period last year.

Unemployment Rises in the Eurozone in May Amid Economic Slowdown

Unemployment Rises in the Eurozone in May Amid Economic Slowdown

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