(Bloomberg) — Venezuela’s government backtracked on a deal to allow six aides to opposition leader María Corina Machado to seek asylum in Argentina, according to people with direct knowledge of the matter. Most Read from Bloomberg The Nicolás Maduro government never issued documents granting them safe passage out of the country in April, claiming they […]
Tag: Argentina
As Argentina inflation nears 300%, climb in prices slows a bit
By Miguel Lo Bianco and Juan Bustamante BUENOS AIRES (Reuters) – Prices in Argentina are climbing, despite positive signs of a deceleration, with the embattled South American country’s annual inflation rate set to edge closer to 300% when the government reveals the latest data on Tuesday. Shopkeepers and consumers said that although monthly inflation readings […]
Argentina monthly inflation seen back in single digits in April
By Hernan Nessi BUENOS AIRES (Reuters) – Argentina’s monthly inflation rate likely dipped back into single digits for the first time in half a year in April, analysts polled by Reuters estimated, amid a gradual slowdown in price rises as the country’s economy stalls. The embattled South American country likely saw the consumer price index, […]
In progressive Argentina, the LGBTQ+ community says president has turned back the clock
BUENOS AIRES, Argentina — When Luana Salva got her first formal job after years of prostitution, she was ecstatic. A quota law in Argentina that promoted the inclusion of transgender people in the work force — unprecedented in Latin America expect in neighboring Uruguay — pulled her from the capital’s street corners into the Foreign […]
Prices have surged so much in Argentina that the government will print 10,000 peso notes
President of Argentina Javier Milei giving a speech after his inauguration ceremony at the National Congress on December 10, 2023, in Buenos Aires, Argentina.Getty Images Astronomic inflation in Argentina has caused the government to higher denominations of the country’s peso. The central bank next month will issue a 10,000 peso note, worth about $11 based […]
Argentina labor unions’ 24-hour strike against President Milei paralyzes daily life
BUENOS AIRES, Argentina (AP) — Argentina’s biggest trade unions mounted one of their fiercest challenges to the libertarian government of President Javier Milei, staging a mass general strike on Thursday that led to the cancellation of hundreds of flights and halted key bus, rail and subway lines. Main avenues and streets, as well as major […]
Argentina industrial output crashes near pandemic lows as Milei austerity bites
BUENOS AIRES (Reuters) -Argentina’s industrial output plunged 21.2% in March from a year ago, the INDEC statistics agency said on Wednesday, the worst slide since the depths of the COVID-19 pandemic as libertarian President Javier Milei pushes a tough austerity package. The new government, which inherited an economic crisis with triple-digit inflation when it took […]
Milei Reforms Head to Argentina Senate as Lower House Signs Off
(Bloomberg) — Argentina’s lower house approved President Javier Milei’s omnibus and fiscal bills, first in whole and later in parts, in a major win for the libertarian leader whose reforms now face a stiffer fight in the senate. Most Read from Bloomberg House representatives agreed Tuesday that Milei should have expanded executive powers on administrative, […]
Irish Courts asked to recognise €15.4bn judgment against Argentina in US Courts
The Irish High Court has been asked to formally recognise a €15.41 billion ($16.5 billion) judgment against the State of Argentina. The application to recognise the judgment in this jurisdiction granted by a New York court last year has been made by two groups who were each minority shareholders in the Argentine Energy Company YPF. […]
Former Argentina striker Carlos Tevez admitted to hospital with chest pains
Carlos Tevez has been admitted to hospital after suffering from chest pains. The former Argentina striker, who played for Manchester United, Manchester City and West Ham, was taken to hospital in Buenos Aires on Tuesday. The 40-year-old is now in charge of Argentinian top-flight side Independiente and the club said on X: “Our coach, Carlos […]
Hundreds of thousands march in Argentina against education austerity
Hundreds of thousands of people have taken to the streets in Argentina to protest against cuts in the higher education sector. According to the University of Buenos Aires, more than 500,000 demonstrators protested in the capital alone on Tuesday against the strict austerity programme of President Javier Milei’s ultra-liberal government. “We are defending the public, […]
In Argentina, the government’s austerity plan hits universities and provokes student protests
BUENOS AIRES, Argentina (AP) — Argentina’s libertarian President Javier Milei has tried to dismiss the worsening budget crisis at public universities as politics as usual, a contest with his leftist political rivals who hold sway over liberal campuses. It does not feel that way to many of the students at the elite University of Buenos […]