Japanese inflation hits 40-year high

Japan’s core consumer inflation benchmark hit a fresh four-decade high last month as companies continued to pass on rising costs to households, government data showed on Friday. The nationwide consumer price index (CPI), which excludes volatile fresh food but includes energy costs, jumped 3.7% in November from a year ago, in line with market forecasts…

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Russian ruble to strengthen – Putin aide

Increased sales of hard-currency revenues by exporters will support the ruble in the upcoming months, Maksim Oreshkin has said The depreciation in the ruble has run its course, while a surplus of foreign currency is likely to materialize in the local market over the next few months, Russian presidential adviser Maksim Oreshkin told Interfax on…

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Top US diplomat says Iranian people ‘better off’ without President Raisi

Antony Blinken claimed it was good that late Iranian leader can no longer engage in “horrible acts” US Secretary of State Antony Blinken has been forced to defend his department for offering condolences on behalf of Washington over the death of Iranian President Ebrahim Raisi, claiming it was just a formality.

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