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US judge orders Argentina to sell 51% stake in oil firm YPF
US judge orders Argentina to sell 51% stake in oil firm YPF

A federal judge in New York ordered Argentina on Monday to sell its majority stake in oil firm YPF, the latest blow to Buenos Aires in a decade-long international legal saga. To partially satisfy the outstanding sum, Preska on Monday ordered Argentina to transfer its 51 percent stake of YPF to an intermediary, with instructions that the shares then be handed over to the plaintiffs.

by  AFP

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Asian markets stutter with focus on China as Trump picks team
Asian markets stutter with focus on China as Trump picks team
by  AFP

Traders struggled Tuesday to bounce back from the previous day's losses in most markets sparked by disappointment over China's economic support measures, while keeping tabs on the United States as president-elect Donald Trump builds his cabinet.

Bees help tackle elephant-human conflict in Kenya
Bees help tackle elephant-human conflict in Kenya
by  AFP

"We used to hate elephants a lot," Kenyan farmer Charity Mwangome says, pausing from her work under the shade of a baobab tree. It is also expensive -- about 150,000 Kenyan shillings ($1,100) to install hives -- well beyond the means of subsistence farmers, though the project organisers say it is still cheaper than electric fences.

Australia moves to keep its banks in the Pacific
Australia moves to keep its banks in the Pacific
by  AFP

Australia will move to stem the exodus of its banks from the Pacific Islands, the country's top economic official said, as concerns mount that China could bolster its influence by filling in the gaps. Australia and China are locked in "a state of permanent contest in the Pacific", Australia's foreign minister said earlier this year.

Italy and Lufthansa reach deal on ITA Airways stake
Italy and Lufthansa reach deal on ITA Airways stake
by  AFP

The Italian government and Lufthansa reached a deal on the sale of a stake in flag carrier ITA Airways to the German airline, Rome announced Monday evening, hours before a midnight deadline to present the agreement to European regulators.

Defunct crypto group FTX seeks to claw back $1.8 bn from Binance
Defunct crypto group FTX seeks to claw back $1.8 bn from Binance
by  AFP

The liquidators of the defunct cryptocurrency exchange FTX have sued to try to claw back $1.8 billion paid by the company to competitor Binance the year before its bankruptcy, according to court documents filed Sunday. After FTX filed for bankruptcy in November 2022, a liquidation plan for the company's assets was approved in early October by federal judge John Dorsey.

Lindt melted own 'excellence' claim in US lawsuit: reports
Lindt melted own 'excellence' claim in US lawsuit: reports
by  AFP

In a bid to dodge a US lawsuit, Swiss chocolatier Lindt & Sprungli has scuppered its own claims about the excellence of its products -- a cornerstone of its marketing strategy. "In its defence strategy, the company has dismantled its own promises of quality," claimed the Swiss newspaper NZZ am Sonntag, raking over a September US court decision.