Recent Developments in Argentina, Binance Investigation, and Indonesia's Capital Move Plan

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This chapter discusses the recent developments in Argentina, including the new president's plans for economic reforms and the investigation into cryptocurrency exchange Binance. It highlights the potential positive impact of the reforms but also raises concerns about social unrest and lack of majority in Congress. The chapter also touches on Indonesia's President's controversial plan to relocate the country's capital to Borneo.

A majority of OpenAI employees sent a letter demanding that the board reinstate former CEO Sam Altman, Argentina is entering a new era after electing radical libertarian outsider Javier Milei as president, and the US Department of Justice is seeking more than $4bn from Binance to settle a criminal fraud investigation. Plus, the FT’s Alec Russell unpacks Indonesian president Joko Widodo’s ambitious plan to build a new capital city and turn the country into an economic superpower.

Mentioned in this podcast:

Majority of OpenAI staff threaten to quit unless Sam Altman is reinstated

Investors cheer Milei victory in Argentina

Javier Milei prepares shock therapy to cure Argentina’s sickly economy

US DoJ seeks more than $4bn from Binance to settle criminal probe

Is Indonesia finally set to become an economic superpower?

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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