📰 Japan's Consumer Price Index (CPI) for April shows a month-on-month increase of 0.1%, lower than the expected 0.2%, while year-on-year inflation remains steady at 3.6%. Core inflation has risen to 3.5%, marking the highest level in over two years. Most analysts surveyed by RTRS believe the Bank of Japan will raise interest rates to at least 0.75% this year. For further details, visit this link.
✨ Former President Trump hosted a private dinner for top holders of the TRUMP token, with no major announcements made during the event. Justin Sun, the founder of TRON, was among the prominent attendees. Around 100 individuals gathered outside the venue, holding signs that read "Stop Crypto Corruption." For more details, visit here and here.
💥🇨🇳🇺🇸 China has announced that dialogue with the United States will continue, suggesting further progress in trade negotiations. Following a phone conversation between Chinese Vice Foreign Minister Ma Zhaoxu and U.S. Deputy Secretary of State Christopher Landau, both nations agreed to maintain communication. For more details, visit — CNBC.
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⚠️🇷🇺 In April, Russia reduced its steel production by 5.1%, according to a report from the World Steel Association (WSA).
⚠️ Russia ranked third in April for the decline in steel production among the top ten producing countries. Year-on-year, the output fell by 5.1%, compared to a global average decrease of 0.3%. — Ъ
🤖 The Russian Ministry of Industry and Trade believes that the widespread adoption of robots will enhance the efficiency of the economy.
🇺🇸 CEO of Nvidia, Jensen Huang, announced that the restrictions on chip exports from the United States have failed.
🌾 In Japan, the price of rice soared to a historic high in April, marking an unprecedented increase of 98% year-on-year.
🇺🇸 The U.S. Supreme Court has supported Trump's request to fire heads of various agencies but has strongly recommended making an exception for the Federal Reserve, suggesting that board members should have special protections against presidential dismissal. On April 9, Trump requested the Supreme Court's permission to terminate leaders of agencies like the SEC and the Fed. For more details, visit here.
💰 T-Bank predicts the Russian ruble will weaken to a range of 95-100 rubles per dollar by the end of the year. The bank notes that the ruble's prolonged strength cannot be attributed to a single factor. A combination of influences, including exports that have yet to respond to falling commodity prices, a pause in imports that will soon recover, and investment operations adjusting to high rates and market changes, are all at play.
⚠️🇷🇺 In the first quarter of 2025, 70% of entrepreneurs reported a decline in demand, leading to decreased sales and revenue, according to a recent survey. This trend highlights growing concerns within the business community about the economic outlook. For more details, visit Vedomosti.