Bloomberg Business

(Bloomberg) — Two top Federal Reserve officials said high interest rates were needed to keep pressuring inflation that’s showing signs of slowing but is still too rapid.

The US became the latest Ukraine ally to announce weapons donations to Ukraine before Friday, when defense ministers from several nations will gather at Ramstein Air Base in Germany for an event hosted by the US defense chief.

JPMorgan Chase & Co. gained full control of its China mutual fund joint venture, joining rival Manulife Financial Corp. in buying out local partners to secure full ownership of a business in the 26 trillion yuan ($3.8 trillion) market.

(Bloomberg) — Japan’s inflation hit 4% for the first time in more than four decades, an outcome likely to keep speculation of a monetary policy change smoldering as prices grow at twice the pace targeted by the Bank of Japan.

CIA Director William Burns traveled to Kyiv last week, where he sought to reassure Ukrainian leaders that the US would maintain support as the war drags on.

The Biden administration announced a major new package of military hardware for Ukraine, sending 90 Stryker armored personnel carriers, 59 Bradley fighting vehicles and an array of other gear as western allies look to give the country a boost before Russia launches a new ground campaign expected this spring.

The contractors who damaged computer files leading to the massive Jan. 11 disruptions to the US flight system did so “unintentionally,” aviation regulators said Thursday.

Nintendo Co. plans to increase production of its six-year-old Switch console in the coming fiscal year after shipping roughly 21 million Switch consoles in the year ending March, according to people familiar with the matter.