Dramatic scene of Indonesian stock market plunge with police probing manipulation and officials resigning amid trading floor chaos.
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Police probe criminal indications in stock manipulation after IHSG plunge

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Indonesia's Composite Stock Price Index (IHSG) plunged up to 16 percent on January 28 and 29, 2026, due to MSCI's assessment of market transparency. Police are now investigating criminal indications related to stock manipulation, while five top officials from BEI and OJK resigned as a moral responsibility. A temporary recovery was seen in Friday's close, though turmoil is projected to continue.

The Pest Control Products Board has warned Kenyans against using unregistered pest control products, following the arrest of 25 people linked to their supply and use. The board highlighted the serious health and environmental risks these items pose.

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Indonesia has ended its ban on the Grok AI chatbot, allowing the service to resume after concerns over deepfake generation. The decision comes with strict ongoing oversight by the government. This follows similar actions in neighboring countries earlier in the year.

The U.S. Securities and Exchange Commission and Commodity Futures Trading Commission held a joint event on January 29 to discuss harmonizing their approaches to cryptocurrency oversight. Chairmen Paul S. Atkins and Michael S. Selig announced Project Crypto as a collaborative initiative to streamline regulations and foster innovation. The effort aims to position the United States as the global crypto capital, in line with President Donald Trump's vision.

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The National Association of Public Services and Communications Companies (Andesco) and the Regional Center for Energy Studies (Cree) released a study revealing a 39% probability of a natural gas supply deficit in Colombia by 2026. The report highlights a medium thermal demand scenario that could rise to 58% in 2027, with average volumes of 117 Gbtud and 129 Gbtud respectively. Both organizations warn of the absence of a clear regulatory framework posing risks to the energy sector.

The European Union has launched a formal investigation into Elon Musk's xAI following concerns that its Grok chatbot generated non-consensual sexualized images, including potential child sexual abuse material. Regulators are examining whether the company complied with the Digital Services Act in mitigating risks on the X platform. Fines could reach 6 percent of xAI's global annual turnover if violations are found.

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Ethiopia's spice sector, long plagued by informality and a lack of regulatory oversight, is entering a turning point with a new bill. The legislation aims to address the chaos in the trade after years of unregulated practices.

 

 

 

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