Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
EU Prepares Antitrust Probe Into Meta’s AI Integration on WhatsApp 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
Rio Tinto Raises 2025 Copper Output Outlook as Oyu Tolgoi Expansion Accelerates 
GM Issues Recall for 2026 Chevrolet Silverado Trucks Over Missing Owner Manuals 
USPS Expands Electric Vehicle Fleet as Nationwide Transition Accelerates 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
China’s Services Sector Posts Slowest Growth in Five Months as Demand Softens 
Trump Administration to Secure Equity Stake in Pat Gelsinger’s XLight Startup 
Australia Moves Forward With Teen Social Media Ban as Platforms Begin Lockouts 
Tesla Faces 19% Drop in UK Registrations as Competition Intensifies 
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
IKEA Launches First New Zealand Store, Marking Expansion Into Its 64th Global Market 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure 
Elon Musk has launched satellites to space to be able to provide faster internet and offer the service even to remote areas. The billionaire that also owns Tesla Inc. and SpaceX already brought its Starlink Internet service to some countries, and operations have been smooth sailing so far.
Now, the Starlink Internet service is also preparing to launch in India, and based on the reports, applications for subscriptions have already begun. After learning about this, the local government proceeded to issue a caution notice for its citizens.
As per Reuters, the Indian government issued a statement late last week and told its people to stop subscribing to Elon Musk’s Starlink Internet service. The officials’ reason was simple - the satellite internet provider is not yet registered in the country. This means that it still has to secure a license to operate.
It is noticed that M/s #Starlink (https://t.co/xscnDS4Cnn) has started pre-selling/booking of #satellite based #Internet Services in India without any #license/authorization.
— DoT India (@DoT_India) November 26, 2021
Public is advised not to subscribe to Starlink services being advertised. #GatiShakti #spacex @SpaceX
After leaving the advice for the public, India also called out Starlink, and it has been told to abide by the country’s regulations. The government asked the immediately refrain from booking internet services in the region.
“Accordingly, the Government of India has asked the company to comply with Indian regulatory framework for rendering the satellite based communication services and refrain from booking/rendering the satellite internet services in India with immediate effect,” DoT India tweeted.
In its response to the call, Starlink told Reuters via email that it has no comment for now. It was learned that the internet service provider registered its business in the country on Nov. 1, and as soon as this was done, the company started advertising its offering, and the pre-selling of its service has also begun.
Officials said this is not right because while it has registered the business, the government has not issued a license to operate yet. The Department of Telecommunications has now asked Starlink to halt its pre-selling orders until it receives approval from the DoT.
Meanwhile, it was reported that Starlink already gathered more than 5,000 sign-ups in its pre-selling orders in India. It is unknown if the registrations will be canceled, or they just need to wait until the internet service gets its license.
