Palestinian statehood rift, UK election gamble and Milei's spending cuts

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. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt out of targeted advertising. Learn more about your ad choices. Visit megaphone.fm/adchoices