Clinton's to Testify in Epstein Investigation Amidst Other Global Developments
WASHINGTON – Former President Bill Clinton and former Secretary of State Hillary Clinton agreed late Monday to testify in a House investigation into convicted sex offender Jeffrey Epstein, according to the Associated Press. The agreement came ahead of a potential contempt of Congress vote, as Rep. James Comer, the chairman of the House Oversight panel, stated that an agreement had not yet been finalized.
Meanwhile, in Costa Rica, conservative populist Laura Fernández won the presidential election on Sunday, February 2, promising to continue the policies of outgoing President Rodrigo Chaves, according to the Associated Press. Preliminary results showed Fernández secured a first-round victory, eliminating the need for a runoff in a crowded field.
In other news, the Winter Olympics are set to open this Friday in Italy, but the Trump administration's immigration enforcement tactics in Minneapolis have drawn criticism from some American athletes, including several from Minnesota, NPR reported. The athletes' statements followed the shooting deaths of two U.S. citizens by federal agents in Minneapolis.
On the economic front, Indonesia announced plans on January 14 to establish a new state-owned enterprise (SOE) under the control of Danantara, its sovereign wealth fund, to revitalize its struggling textile and garment industry, Fortune reported. Coordinating Minister for Economic Affairs Airlangga Hartato said the SOE would receive up to $6 billion in funding to produce new technology and expand exports, aiming to shield the industry from U.S. tariffs and competition from countries like China and Bangladesh.
Furthermore, in the energy sector, U.S. shale producer Devon Energy announced on February 2 that it would acquire Coterra Energy for nearly $26 billion in an all-stock merger, Fortune reported. The combination would create a domestic oil and gas producer trailing only Exxon Mobil, Chevron, and ConocoPhillips in production volumes. Analysts noted that dealmaking in the energy sector slowed down last year due to falling oil prices and tariffs but is now making a comeback as crude oil prices stabilize. Devon Energy CEO stated that the "stars align" for the acquisition.
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