Imports
Indonesia and US agree on energy deals including imports and Freeport
Reported by AI Image generated by AI
Indonesia's government and the United States have agreed on several energy sector deals following the meeting between President Prabowo Subianto and President Donald Trump. The agreements include energy imports worth 15 billion USD and Freeport permit extensions. These steps aim to balance trade and enhance national energy security.
The government has ordered households in areas with existing piped natural gas (PNG) infrastructure to switch from LPG cylinders to PNG connections within three months of notice, or lose gas refill supplies. The directive addresses mounting pressure on India's LPG imports amid the West Asia conflict. Petroleum ministry joint secretary Sujata Sharma described it as a supply security measure.
Reported by AI
Argentine company Lumilagro announced price cuts for its mate thermoses after a production overhaul involving the departure of over 100 employees by mutual agreement. The firm's official X post defending the changes sparked anger from users and public figures, fueling debate on jobs and industry.
Argentina's Economy Minister Luis Caputo stated he has never bought clothes in the country because prices are exorbitant, amid plans to open imports to aid consumers. The remark drew backlash from Claudio Drescher, head of the Argentine Clothing Industry Chamber, who labeled him part of the 'caste' and inexperienced in business.
Reported by AI
Many young entrepreneurs in Ethiopia enter the jewellery-making industry with modest capital and minimal formal training, relying on digital platforms for sales. Online commerce, especially through TikTok, has rapidly overtaken traditional in-person jewellery sales. Rising input costs and supply chain shortages pose major challenges for local artisans, while policy support remains limited.
The Kenya Revenue Authority (KRA) has issued a 30-day ultimatum to importers whose goods remain uncollected at the Inland Container Depot and bonded facilities in Nairobi. If the items are not cleared within this period, they will be declared abandoned and sold at public auction from January 5 to 9, 2026. The notice was published in a gazette dated November 7.
Reported by AI
In San José de las Lajas, Mayabeque, eggs imported from Brazil are sold exclusively in dollars at the La Época market and sell out within minutes. The $5.25 price per 30-egg carton equals over 2,500 pesos, making it a luxury for many Cubans. This highlights the crisis in local egg production, which has plummeted in recent decades.