Damage from fires in California continues to grow and may reach $275 billion. Damage estimates are increasing almost daily: according to the meteorological agency AccuWeather, the amount has increased from $150 billion to $250-275 billion per day. Meanwhile, firefighters continue to fight the fire. Inflation in Russia may accelerate to 9.8% by the end of 2024. This is the fifth year in a row that the Bank of Russia has failed to meet its 4% target. Analysts note that the weakening of the ruble and rising inflation expectations worsen the prospects for the economy in the first quarter. The current president has been arrested in South Korea for the first time. Yoon Suk-yeol, who was suspended from his duties but formally remains in office, was detained with the participation of 200 police officers and 40 investigators. The arrest was preceded by a clash with his security service, which delayed the operation. The SEC has filed a lawsuit against Elon Musk. The regulator's claims are related to the fact that Musk did not provide the necessary documents when buying Twitter. Donald Trump's closest associate called the SEC's actions «senseless» and suggested focusing on real crimes. The EU may include restrictions on Russian LNG in the 16th package of sanctions. The European Union is discussing a gradual cessation of imports of liquefied natural gas from Russia. The new measures also include restrictions on the supply of Russian aluminum, the disconnection of several banks from SWIFT, as well as sanctions against dozens of Russian vessels.
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