U.S. inflation accelerates to 3.7 pct in September as gasoline prices surge
U.S. consumer prices rose more than expected in September, driven by surging gasoline costs, with annual inflation reaching its highest level since May, the Labor Department said Wednesday.
The consumer price index (CPI) rose 0.6 percent from August and 3.7 percent from a year earlier. Economists had forecast an annual increase of 3.6 percent.
Russia in talks with U.S. on diesel supply contracts: deputy PM
Russia and the United States are holding talks on contracts for Russian diesel fuel supplies, Russian Deputy Prime Minister Alexander Novak said on Wednesday on the sidelines of the Russian Energy Week forum.
"Talks on making contracts are now underway between the Russian Energy Ministry and the U.S. Department of Energy. An instrument will be found there that will make it possible to support supplies," Novak said.
Iran's IRGC says ship sank after hitting naval mine south of Hormuz Strait
The navy of Iran's Islamic Revolution Guard Corps (IRGC) announced on Wednesday that a "violating" container ship attempting to pass through the Strait of Hormuz via an "unauthorized and high-risk" route sank earlier in the day after hitting a naval mine south of the waterway.
In a statement published on the IRGC's official news outlet Sepah News, the navy said the ship, carrying over 2,500 containers, suffered an explosion and caught fire after striking the mine.
Trump says "massive" oil, gas and mineral exploration to begin in Greenland
U.S. President Donald Trump said Wednesday that "massive" oil, gas and mineral exploration is "getting ready" to begin in Greenland.
Writing on his Truth Social platform, Trump suggested that experts believe the Arctic island owns an amount of "easily available oil" which is "far greater than that of almost any land, anywhere in the world."
Japanese farm minister resigns over scandals
Embattled Japanese farm minister Kazuo Yana resigned from the cabinet on Wednesday, dealing a major blow to Prime Minister Sanae Takaichi's government, Kyodo News reported.
Yana has come under fire for a series of controversies over his past remarks and conduct. Japanese media said his resignation could raise questions about Takaichi's responsibility for the appointment. ■
