The rebound of pork prices in China has created worries among investors fearing the impact this new sign of inflation could have on the central bank’s easy money policy. Pork prices rising 17% led to expectations that inflation will rise to 2% as food, and pork, is a major component of the CPI. Source Want China Times
Deutsche Bank is planning to overhaul its trading operations by creating a so-called bad bank to hold tens of billions of euros of non-core assets, a source close to the matter said on Monday. Source: Reuters
The Japanese owner of a tanker attacked in the Gulf of Oman claimed Friday that it was struck by a flying projectile, contradicting reports by U.S. officials and the military on the source of the blast. Source: NBC
Reports from Russian media indicate that before the St. Petersburg International Economic Forum representatives from Huawei have met with the Minister of digital development and communications of Russia to discuss the possibility of using Aurora OS on future Huawei smartphones.
Aurora OS is a version of Sailfish OS in majority ownership by Russian state telecom Rostelecom and designated for the Russian market. Aurora OS is the only officially approved OS in Russia for use by government agencies and Russia plans to replace all other devices used by the state with 8 million Aurora-running smartphones in the future. Source: Nokiamob
