Bloomberg Business

Russia Proposed Joint Naval Drills With North Korea and China

Russian Defense Minister Sergei Shoigu proposed to North Korean leader Kim Jong Un holding joint naval drills that included China when he made a rare trip to Pyongyang in July, Yonhap News reported, citing South Korea’s spy agency.

Turkish Inflation Nears 60%, Piling Pressure on Central Bank

Turkish inflation accelerated much faster than expected with the sharpest increase since the start of 2022, underscoring the central bank’s challenge as it raises interest rates to try to end a cost-of-living crisis.

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