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The article from Bloomberg.com discusses the widening crypto scandal involving Argentine President Javier Milei and his sister, Karina Milei. Allegations suggest that Hayden Davis, a key figure behind the Libra token, paid Karina to influence the president. The scandal has caused market volatility and political turmoil, with conflicting accounts from Milei and Davis. Karina Milei is portrayed as a powerful adviser and gatekeeper to the president, with both siblings scheduled to meet with world leaders in Washington. [Extracted from the article]

President Javier Milei promoted a crypto token called LIBRA to support local Argentine businesses, but concerns about a potential scam led him to delete the post. The token's name seemed to reference Milei's political party or libertarian roots, and the company behind it, KIP Protocol, did not profit from the launch. Despite Milei's efforts to attract foreign investment and improve Argentina's economy, challenges such as tariffs and economic setbacks persist. Milei's promotion of the crypto token was met with skepticism, and he ultimately decided to stop spreading the word about it. [Extracted from the article]

President Javier Milei promoted a crypto token called LIBRA to support local Argentine businesses, but concerns about a potential scam led him to delete the post. The token's name seemed to reference Milei's political party or libertarian background, and he claimed he would not benefit financially from the project. Despite Milei's efforts to attract foreign investment and improve Argentina's economy, challenges such as tariffs, production cuts, and canceled infrastructure projects persist. Milei's promotion of the crypto token on social media sparked fears of a scam, highlighting the prevalence of crypto scams on social platforms. [Extracted from the article]

An Indian court ruled against Reliance Industries Ltd. and BP Plc in a gas drilling dispute that has lasted over a decade. The court sided with the petroleum ministry, stating that Reliance unlawfully extracted natural gas from a neighboring offshore block controlled by state-run Oil & Natural Gas Corp. The dispute dates back to 2014, and Reliance has the option to escalate the matter to the country's top court. [Extracted from the article]

Dar Petroleum Operating Co., operated by China National Petroleum Corp., China Petroleum & Chemical Corp., and Nile Petroleum Corp., has resumed oil production in South Sudan after a year-long hiatus. The company reopened wells in Block 3 and Block 7 in the Upper Nile State, which contribute significantly to South Sudan's oil output. This resumption comes after Sudan lifted a force majeure on its pipeline, allowing South Sudan to revive its main revenue source. South Sudan aims to reach a crude production of 90,000 barrels per day within six months of restarting production. [Extracted from the article]

Apple's iCloud feature enabling end-to-end encryption has sparked controversy in the UK, with government officials pushing for its removal to allow access to data. The Advanced Data Protection mechanism enhances security for iCloud data, including backups, photos, notes, and messages. While some users may find the extra protection beneficial, there are concerns about potential password issues and limited data retrieval options. Apple has provided instructions for enabling the feature on its devices, but the outcome of the UK's privacy fight with Apple remains uncertain. [Extracted from the article]

The suspended CEO of Exxaro Resources Ltd., Nombasa Tsengwa, resigned following allegations of workplace misconduct and governance issues. Tsengwa faced accusations of bullying, conflict of interest, and breaches of duty of good faith. The company had placed her on precautionary suspension and appointed a law firm to conduct an independent investigation. Tsengwa's resignation comes as Exxaro seeks to diversify away from coal, considering investments in manganese after a failed attempt to acquire a copper mine. [Extracted from the article]

Gemini, a cryptocurrency firm founded by the Winklevoss twins, is reportedly considering an initial public offering (IPO) this year. The company is in discussions with potential advisers about the IPO, but no final decisions have been made yet. Gemini has faced legal challenges in the past, including settling a lawsuit with the Commodity Futures Trading Commission and returning funds to customers through a bankruptcy settlement. [Extracted from the article]

Indonesia is planning to transfer over $61 billion of state assets into a new investment fund called Daya Anagata Nusantara, or Danantara, which will be directly overseen by President Prabowo Subianto. This fund will have control over dividends from state-owned enterprises, capital injections, and restructuring, aiming to boost economic growth and attract investment. The draft legislation outlining the fund's authority is set to be passed by lawmakers, with support from the parliament and the president. Danantara will have the flexibility to make investments, collaborate with state-owned enterprises and third-party investors, and return profits to the state after setting aside reserves for investment risks and capital accumulation. [Extracted from the article]

New York City's Taxi and Limousine Commission accused Uber and Lyft of spreading disinformation about a proposed 6% pay hike for drivers. The companies are urging drivers and customers to oppose the rule, which aims to prevent them from manipulating driver pay. Uber and Lyft are pushing back against the new rules, with Uber even threatening not to dispatch older vehicles if the rules are passed. The New York Taxi Workers Alliance criticized Uber for trying to deceive drivers into testifying against their own pay raise. [Extracted from the article]

Apple has collaborated with SpaceX and T-Mobile to integrate support for the Starlink network into its latest iPhone software, offering an alternative to Apple's own satellite communication service. T-Mobile has begun testing the Starlink service on iPhones, allowing users to connect via satellite in areas without cellular coverage. While Apple's Globalstar service requires users to point their iPhone towards the sky to find a satellite, the Starlink option is designed to work automatically, even when the phone is in a pocket. The program is currently limited to the US but may expand globally in the future. [Extracted from the article]

Apple has collaborated with SpaceX and T-Mobile to integrate support for the Starlink network into its latest iPhone software, offering an alternative to Apple's own satellite communication service. T-Mobile has begun testing the Starlink service on iPhones, allowing users to connect via satellite for texting in areas without cellular coverage. While Apple's Globalstar service requires users to point their iPhone towards the sky to find a satellite, the Starlink option is designed to work automatically, even when the phone is in a pocket. The program is currently limited to the US but plans to expand globally, with future updates expected to include data connections and voice calls. [Extracted from the article]

Apple, SpaceX, and T-Mobile have collaborated to integrate support for the Starlink network into the latest iPhone software, offering an alternative to Apple's existing satellite communication service. T-Mobile has begun testing the Starlink service on iPhones, allowing users to connect via satellite for texting in areas without cellular coverage. While Apple's Globalstar service requires users to point their iPhone towards the sky to find a satellite, the Starlink option is designed to work automatically, even when the phone is in a pocket. The program is currently limited to the US but may expand globally in the future. [Extracted from the article]

Libya has resumed oil loadings from two key eastern ports, Es Sider and Ras Lanuf, which were briefly halted due to protests. The National Oil Corp. confirmed that shipments have restarted after discussions with protesters. These ports handle over 400,000 barrels a day and their resumption is part of Libya's strategic plan to advance production and export operations. Oil markets reacted to the stoppages, reflecting the ongoing challenges in the global crude supply chain. [Extracted from the article]

(Bloomberg) -- Oil loadings from two key ports in eastern Libya, which had been halted by protesters, have resumed, the chairman of the nation's state oil company said.Shipments restarted from Es Sider and Ras Lanuf, which together handle more than a third of the nation's oil exports, Massoud Seliman, interim chairman of the National Oil Corp said by text message.READ: Libya Protests Halting Oil Shipments From Key Eastern Ports (2)©2025 Bloomberg L.P.By Hatem Mohareb and Salma El WardanyReported by Author; Author [Extracted from the article]

A fire broke out on an Air Busan Co. plane at Gimhae International Airport in South Korea, prompting the evacuation of all passengers and crew. The Airbus A321 jet caught fire near the cabin's backseats, with three passengers sustaining non-critical injuries. This incident follows a recent fatal crash involving a Jeju Air Co. plane, leading to increased scrutiny of aviation safety standards in the country. [Extracted from the article]

A fire broke out on an Air Busan Co. plane at Gimhae International Airport in South Korea, as reported by Yonhap News. The flight was bound for Hong Kong when the tail of the aircraft caught fire, prompting the evacuation of all 169 passengers and seven crew members without any casualties. This incident follows a recent fatal crash involving a Jeju Air Co. plane, which has raised concerns about aviation safety standards in the country, particularly for low-cost carriers. [Extracted from the article]

PT Perusahaan Listrik Negara (PLN) of Indonesia is planning to issue a dollar bond of up to $1.5 billion, marking its return to the US-currency debt market after more than four years. The state-owned electricity company is considering this move to address liquidity needs and take advantage of favorable market conditions. PLN's total debt was approximately $24.7 billion as of September 30, 2024, and the company last accessed the dollar bond market in June 2020. [Extracted from the article]

The Taliban has refused to return any of the military equipment left behind by US troops during their exit from Afghanistan in 2021, despite Donald Trump's call for their return. Instead, the Taliban suggests that the US provide them with more advanced weapons to combat ISIS-K. The Taliban-led government is seeking a fresh start with the US under the new president and access to frozen foreign exchange reserves. While some countries have engaged with Taliban diplomats, they do not formally recognize the government due to concerns about human rights violations. [Extracted from the article]

Veon Ltd., a telecommunications company based in Dubai, is in discussions with Elon Musk's Starlink to enhance their collaboration for satellite-powered cellular services in regions beyond Ukraine. The company aims to provide space-based connectivity in areas where traditional networks do not reach, such as Pakistan, Bangladesh, Kazakhstan, and Uzbekistan. Veon's strategy involves expanding into under-served markets for telecom access, with plans to venture into financial services and entertainment sectors. Starlink, a unit of SpaceX, is among the companies exploring satellite-based connectivity for consumer smartphones, with recent approvals for commercial use in the United States and potential discussions with the Italian government for secure communications. [Extracted from the article]

Indonesia may require an additional 100 trillion rupiah ($6.1 billion) to expand President Prabowo Subianto's free lunch program to cover 83 million people by the end of the year. The program, aimed at improving health and education, is part of the government's efforts to boost the country's economy. To fund the expansion, the government may need to manage costs effectively and minimize risks of waste and corruption. [Extracted from the article]

Argentina's central bank, under President Javier Milei, has announced a reduction in the peso's controlled depreciation to 1% per month starting in February, following stable inflation data. This marks Milei's first adjustment to the crawling peg currency policy in over a year. Despite concerns about potential inflation risks, Milei's government aims to eventually transition to a flexible exchange rate after lifting currency controls. The move comes as consumer price increases have remained relatively low, with annual inflation dropping to 117.8% from a peak of nearly 300% the previous year. [Extracted from the article]

(Bloomberg) -- North Korea fired an unidentified projectile toward waters off its east coast, South Korea's Defense Ministry said Tuesday in a text message.The launch came about a week after the Kim Jong Un regime fired an intermediate-range ballistic missile that prompted a national security meeting in South Korea.Further details were not immediately available.©2025 Bloomberg L.P.By Sam KimReported by Author [Extracted from the article]

Bank Indonesia is committed to stabilizing the rupiah amidst pressure from high US policy rates. The central bank is intervening in various markets to maintain the currency's stability. Following strong US non-farm payrolls data, the rupiah weakened against the dollar, prompting Bank Indonesia to assert its commitment to market confidence. Traders are anticipating the central bank's policy rate announcement, with expectations that it will remain at 6% due to the weak rupiah. The dollar's strength at the beginning of the year has led to reassessments of Federal Reserve rate cuts and predictions of a 5% rally by Goldman Sachs strategists. [Extracted from the article]

A false evacuation alert was mistakenly sent to 10 million Los Angeles County residents during the ongoing wildfires, causing anxiety and distress. The alert was intended only for residents in a specific region affected by the Kenneth Fire, but was retracted after 20 minutes. This incident highlights the need for improvements in the emergency notification system, as similar malfunctions have occurred in the past. [Extracted from the article]

A Seoul court has extended the arrest warrant for impeached South Korean President Yoon Suk Yeol at the request of the Corruption Investigation Office for High-ranking Officials. The agency is seeking to question Yoon for his failed martial law decree, which led to his impeachment. Yoon's lawyer has contested the agency's authority to investigate insurrection, claiming they are trying to forcefully execute arrest warrants. [Extracted from the article]

Ethiopia and Somalia have agreed to collaborate on countering Islamist insurgents by working together on the African Union Support and Stabilization Mission. This agreement marks a significant step in reducing diplomatic tensions between the two neighboring countries. Ethiopia has been a key contributor to the UN-backed force fighting militants in Somalia, and previous disputes over Ethiopia's recognition of Somaliland have been addressed in these recent talks. [Extracted from the article]

South Korea's presidential aides are seeking to resign en masse after Acting President Choi Sang-mok appointed new judges to the impeachment trial against President Yoon Suk Yeol. The aides, including the chief secretary and national security adviser, had previously offered to step down but were not accepted. The political turmoil in South Korea continues as Yoon faces criminal investigation for insurrection allegations, while the country mourns the recent Jeju Air plane crash. [Extracted from the article]

The Taliban-led government in Afghanistan launched strikes on Pakistani military posts but stated they do not intend to escalate the situation, only retaliating if attacked again. Pakistan confirmed killing 13 insurgents in response to the attacks, which were the bloodiest since the Taliban regained power three years ago. Tensions between the two nations have increased due to Pakistan accusing the Afghan Taliban of sheltering Tehreek-i-Taliban Pakistan militants, a claim denied by Kabul. [Extracted from the article]

Indian Prime Minister Narendra Modi's visit to Kuwait aims to strengthen trade, defense, and energy ties between the two nations. Kuwait is one of India's top trading partners, with bilateral trade reaching $10.5 billion in the last financial year. The visit follows the establishment of a Joint Commission for Cooperation to enhance ties in various areas, and Modi will also engage with the Indian diaspora in Kuwait, the largest expatriate community in the country. [Extracted from the article]

Indonesia recently intervened in the market to stabilize the rupiah as it fell below 16,000 against the dollar. The currency's decline was attributed to global factors such as a strong US economy and geopolitical tensions. Analysts suggest that further intervention may be needed if the Federal Reserve's actions impact the rupiah. The rupiah has weakened by over 5% this quarter, and an upcoming rate cut by Bank Indonesia could add more pressure to the currency. [Extracted from the article]

Indonesia recently took significant measures to support the rupiah, which had weakened beyond 16,000 against the dollar. The country's central bank aggressively intervened in the market through a triple intervention strategy to stabilize the currency. The rupiah's decline was attributed to global factors, including a strong US economy and geopolitical tensions. Economists noted that the currency's depreciation was part of a broader trend affecting Asian currencies, and further pressure could come from an expected rate cut by Bank Indonesia. [Extracted from the article]

Indonesia recently took significant measures to support the rupiah currency, which was nearing 16,000 against the US dollar. The country's central bank aggressively intervened in the market through a triple intervention strategy to stabilize the currency. The rupiah's decline was attributed to global factors such as a strong US economy and geopolitical tensions, leading to a more than 5% slump in the currency this quarter. Analysts suggest that the rupiah weakening is part of a broader trend affecting Asian currencies, and anticipate further pressure on the currency with a potential rate cut by Bank Indonesia. [Extracted from the article]

Bank Indonesia took significant action to support the rupiah, which had reached a four-month low against the dollar. The central bank engaged in a "bold triple intervention" in the spot, domestic non-deliverable forward, and government bond markets to maintain market confidence. The rupiah's decline was attributed to global factors such as a strong US economy and geopolitical tensions, leading to its weakest performance since August. This intervention comes amidst concerns about US inflation and interest rates due to President Trump's trade policies. [Extracted from the article]

The ruling People Power Party in South Korea has pledged to facilitate an "orderly exit" for President Yoon Suk Yeol following a political crisis triggered by his failed attempt to declare martial law. Prime Minister Han Duck-soo will oversee the country's affairs during this period. The government aims to maintain trust with its allies and ensure the approval of the budget plan for normal operations. Former defense minister Kim Yong-hyun has been arrested, and there is uncertainty about the duration of the crisis as the opposition seeks another impeachment vote. [Extracted from the article]

Bank Indonesia is prepared to intervene in currency markets to stabilize the rupiah as it nears 16,000 per dollar. The central bank aims to maintain market confidence and has noted a decrease in dollar demand from state-owned companies. Despite outflows and pressure on the currency, Bank Indonesia remains focused on stabilizing the rupiah, with Governor Perry Warjiyo emphasizing this priority. Bloomberg Economics suggests that Indonesia's soft inflation may not lead to rate cuts in December, as rupiah stability is the central bank's main concern. [Extracted from the article]

Bank Indonesia has stated its readiness to intervene in currency markets to stabilize the rupiah, which is close to the 16,000 per dollar mark. The central bank aims to maintain market confidence and has noted a decrease in "genuine demand" for dollars from state-owned companies, which could alleviate pressure on the currency. Despite BI's assertion that the rupiah's fundamental level is stronger than 16,000 per dollar, the currency was slightly weaker at 15,968 in early trading. [Extracted from the article]

The Canadian government, led by Prime Minister Justin Trudeau, plans to enhance border enforcement measures to address concerns raised by the Trump administration. Public Safety Minister Dominic LeBlanc stated that additional resources, such as drones, helicopters, and staff, will be announced in the near future. Discussions between Canadian and U.S. officials at a dinner meeting focused on issues like fentanyl movements and unauthorized migrants, with Trump threatening tariffs if these issues are not addressed. Trudeau and Trump have expressed mutual respect and a commitment to work together on border security and drug trafficking. [Extracted from the article]

The article from Bloomberg.com reports that Imran Khan's supporters in Pakistan ended their protest in Islamabad after the government arrested hundreds of protesters in a crackdown following two days of deadly demonstrations. The protest, led by Khan's party, resulted in clashes with security officials, leading to casualties on both sides. The government's actions to disperse the protesters caused financial market fluctuations, with the benchmark KSE-100 index recovering losses from the previous day. Prime Minister Shehbaz Sharif's government views the protests as a distraction from its efforts to stabilize the economy through reforms under an IMF loan program. [Extracted from the article]

The opposition party of former Prime Minister Imran Khan in Pakistan ended their protest in Islamabad after the government arrested hundreds of supporters in a crackdown following two days of demonstrations. The protest, which resulted in six deaths, including four security officials, disrupted the country's financial markets. The government's actions have been described as "brutal" by Khan's party, which called off the protest. Prime Minister Shehbaz Sharif's government has faced challenges in dealing with the protests, which have been seen as a significant political challenge. [Extracted from the article]

Pakistan's government has initiated a crackdown on protesters from former Prime Minister Imran Khan's party in Islamabad, following violent protests that resulted in at least six deaths. The protesters were demanding Khan's release from jail, leading to clashes with police and arrests. The crackdown is considered severe, with the main protest area cleared and barricades set to be removed. This protest poses a significant political challenge to Prime Minister Shehbaz Sharif's government, which is focused on economic reforms under an IMF loan program. [Extracted from the article]

The article from Bloomberg.com reports on a crackdown by Pakistan's government on protesters from former Prime Minister Imran Khan's party who were demanding his release from jail in Islamabad. The crackdown, described as severe by a party spokesman, led to clashes between supporters and police, resulting in at least six deaths. The protests are seen as a significant challenge to Prime Minister Shehbaz Sharif's government, which is focused on economic reforms under an IMF loan program. [Extracted from the article]

The article discusses Donald Trump's return to the White House and his involvement in a high-end watch brand, which has not been very successful in terms of sales. The $100,000 Trump-branded watches have faced criticism for their price and potential political implications. The Swiss maker of the watches has only sold a small percentage of the 147 timepieces available for purchase. The company producing the watches, Montrichard, has also introduced lower-priced models with different names. [Extracted from the article]

The Swedish Navy has completed a survey of the seabed near a damaged data cable in the Baltic Sea, investigating potential sabotage against the underwater infrastructure. The incidents involving cut cables connecting Finland and Germany, as well as Lithuania and Sweden, are being probed by Swedish police. The Danish military is monitoring a Chinese bulk carrier that was in the vicinity when the cables were damaged, while Germany and Denmark are considering the events as possible sabotage. Finland is conducting a criminal investigation into the damage to its cable, with more information expected next week when a repair ship reaches the site. [Extracted from the article]

Venezuela is set to release over 200 prisoners who protested against Nicolás Maduro's disputed election victory. The detainees, including women and teenagers, are being freed with precautionary measures. This move follows backlash after the death of an electoral witness in custody and could be seen as an olive branch from Maduro. The regime had previously detained thousands, including teenagers, in response to protests against Maduro's reelection. [Extracted from the article]

The European Commission declined to disclose text messages exchanged between its president and Pfizer's CEO during negotiations for a multi-billion euro vaccine deal in 2021. The New York Times requested the messages to shed light on the deal's formation, but the Commission stated that they did not retain records of the texts as they were deemed unimportant. The case is ongoing in the EU's General Court, with the possibility of appeal to the European Court of Justice. Pfizer has chosen not to comment on the matter. [Extracted from the article]

(Bloomberg) -- State-owned carrier PT Garuda Indonesia has removed Irfan Setiaputra as president director, he said in a text message to Bloomberg News.Setiaputra is a former telecoms executive who was appointed to the post in 2020 after his predecessor was fired for allegedly smuggling a classic Harley-Davidson motorcycle on a flight to Jakarta.Indonesia Weighs Garuda CEO Switch Under Turnaround Plan (1)©2024 Bloomberg L.P.By Faris Mokhtar and Harry SuhartonoReported by Author; Author [Extracted from the article]

The European Commission declined to disclose text messages exchanged between its president and Pfizer's CEO during vaccine deal negotiations in 2021, citing the ephemeral nature of the communication. The New York Times sought to force the disclosure of these messages, highlighting concerns about transparency and democratic oversight. The EU's General Court will rule on the case in the future, with the possibility of further appeals. Pfizer has chosen not to comment on the matter. [Extracted from the article]

The article from Bloomberg.com reports that Indonesia's central bank intervened in currency markets to support the rupiah as it approached the 16,000 per dollar level. The intervention included actions in the spot currency, domestic non-deliverable forwards, and government bond markets. Investors have withdrawn over $1.2 billion from Indonesia's markets this month due to concerns about US policies impacting inflation and the Federal Reserve's rate cuts. The central bank aims to maintain currency stability to potentially avoid rate cuts in the near future. [Extracted from the article]

Indonesia's central bank, Bank Indonesia, has intervened in currency markets to support the rupiah as it approached the key level of 16,000 per dollar. The bank is taking action in various markets, including spot currency, non-deliverable forwards, and government bonds, to bolster the rupiah. Despite the rupiah weakening to 15,943 per dollar, Bank Indonesia maintains that its fundamental value is stronger than 16,000 per dollar and is working to maintain market confidence through interventions. [Extracted from the article]