Our daily expedition around the world

💥 Israel-Hamas: Israel’s national security adviser yesterday indicated that the country could accept a US plan for the Palestinian Authority – which currently governs the West Bank – to take over governance of the Gaza Strip once the war is over, though he also said such a transfer would require “a fundamental reform of the Palestinian Authority.” Separately, fighting in Gaza escalated yesterday with one of Israel’s most intense bombardments since the war began, in addition to a series of Hamas rocket attacks targeting Tel Aviv.

🇯🇵 Honda recalled 4.5 million vehicles worldwide over fuel pump issues. The recall, which includes 2.5 million US vehicles, comes after Honda previously issued two recalls since 2020 for the same issue due to increased risk of engine failure. The Japanese automaker will replace all fuel pumps free of charge, and plans to notify affected owners in early February. Honda’s recall includes a wide range of models from between 2017 and 2020, including certain versions of the Accord, Acura, Civic, and Odyssey.

🇦🇷 Argentine President Javier Milei signed an emergency decree to deregulate the economy. The 300+ measures include the removal of housing, land ownership, and export regulations, as well as the modification of laws for the airline, healthcare, pharmaceutical, and tourism industries to encourage competition. The new decree, which is subject to approval from Argentina’s legislature before it takes effect, also allows for privatizing state-owned airline, media, and energy companies.