Japan' Prime Minister Shinzo Abe arrived in Tehran, Iran to ease tensions between the United States and Iran - Photo by Japan' Prime Minister Office

JAKARTA (TheInsiderStories) – On Wednesday, Japan’ Prime Minister Shinzo Abe arrived in Tehran, Iran, to ease tension between the United States (US) and Iran. This is the first visit by a Japanese premier since the Islamic revolution country.

Japan is one of the few US allies who also has a strong relationship with Iran, making them a potential mediator to de-escalate tensions between the two arch-enemies. Shortly after the Abe’ plane landed, he went to meet Iranian President Hassan Rouhani and will meet Iran’ Supreme Leader Ayatollah Ali Khamenei.

Hours before he arrived in Tehran, Iranian-backed Houthi rebels launched a drone attack on Saudi’ Abha International Airport, injuring 26. This attack will bring to the forefront tensions between Iran and the US and Arab nations, which have threatened to boil over into a full-scale conflict in the Middle East in recent months.

While at the 8th ECB conference focused on central, eastern and south-eastern European countries, President of the European Central Bank Mario Draghi and managing director of the International Monetary Fund Christine Lagarde warned about the global trade dispute impact to the global economy.

The two influential economic leaders in the world says, that the trade war between the US and China could get worse and Europe could be hit with America import tariffs on its car exports.

While, US’ Bureau of Labor Statistics reported the inflation was tame in May, for the most part, and slowed on an annual basis compared to the 12-months ending April. US consumer prices increased 0.1 percent in May after climbing 0.3 percent in April.

Annually, US inflation climbed 1.8 percent in the 12 months ending May, a smaller increase than the 2.0 percent advance in April. Core inflation rose 2.0 percent from a year earlier after advancing 2.1 percent in the 12 months ending May.

Yesterday, The World Bank’ approved a $49.6 million loan to finance a Government of Indonesia’ project to improve the capacity of cities to formulate and analyze infrastructure investments to achieve sustainable urban development through better integrated planning and city management.

At the same time, the Fund give loan Rp1.4 trillion (US$97.90 million) for West Java to clean up the Citarum River, the longest and dirtiest river in the province, said the governor Ridwan Kamil.

An NGO’ KontraS considered the indication of gross violations of Human Rights in the Jakarta riots from May 21-22. The indication refers to the facts of KontraS findings in the field.

Today, Indonesian energy and mineral resources will launch the use of 30 percent of Biodiesel use (B30) for vehicles. The mandatory use of biodiesel has been rolling since 2016 ago in the country.

Indonesian unicorn GO-JEK announced that it has acquired AirCTO, a recruitment platform based in Gurgaon, India. This part of the multi-platform company to expand their businesses in India.

This morning Indonesian Rupiah lowering to 14,260 against the US Dollar after closed at 14,253 yesterday. In the previous day the local currency closed at 14,297 over the Greenback.

May you have a profitable day!

Written by Linda Silaen and TIS Intelligence Team, Please Read Our Insight to Get More information about Indonesia

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The Insider Stories Founder Linda Silaen has a solid, proven history, established over more than a decade as a journalist with a leading internasional news organization, of being the first with the biggest economic news stories in Indonesia. Specializing in corporate news, Linda is also a veteran of some of the biggest macroeconomic and general news stories as Indonesia rapidly transforms into a major market economy. One of the founders of the original blog from which this company developed, Linda’s knowledge of investors’ information communications and data us developed from unrivaled networking skills that make her a well-known name among CEOs, bankers, government officials and private equity investors both in Indonesia and other countries.

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