STORY: At this butcher shop in Buenos Aires, workers slice a cut of beef, something that’s becoming increasingly rare. In beef-loving Argentina, people are eating less beef than ever. Consumption is down almost 16% this year so far. Triple-digit inflation and a recession are forcing Argentines to tighten their belts. Data show they are eating […]
An appraiser examines a gold ring at a jewelry exchange in Buenos Aires (JUAN MABROMATA) In Argentina’s strangled economy, one sector is thriving: the pawn shops buying up gold and other family treasures that many are forced to sell to pay their bills. “When you are drowning in debt, sentimentality falls to the side,” said […]
(Bloomberg) — Electricity bills will soar this month for most Argentine households heading into a particularly harsh winter as President Javier Milei marches on with economic shock therapy. Most Read from Bloomberg For the first time since Milei took office, low-income homes will see the energy cost of their utility bills double on average in […]
(Bloomberg) — Argentines are rushing to banks to apply for mortgages as interest-rate reductions since President Javier Milei took power begin to wake the home-loan market from a six-year slumber. Most Read from Bloomberg “People are very anxious, inquiries overflowed our communication channels and we are overwhelmed,” Daniel Tillard, president of Banco Nacion, the country’s […]
Argentines eyeing a financial boost are lining up by the thousands to have their irises scanned in exchange for a few crypto tokens as part of an online biometrics project under scrutiny in several countries. Some three million people worldwide have so far provided their iris data to Worldcoin, an initiative of OpenAI chief Sam Altman, […]
ROME (AP) — Pope Francis on Friday blasted the “radical individualism” that he said was infecting society today, as he greeted Argentine pilgrims who are in town for this weekend’s canonization of the first female saint from his home country. Instead, Francis held up as a model the 18th century Argentine laywoman lovingly known as […]
Maria Mamani carries a fistful of new price stickers around a supermarket after Argentina’s government slashed the value of the peso in half as part of “shock” therapy to the ailing economy. “After the measures put in place by the government, we are increasing prices,” she told AFP, as annual inflation hit 160 percent Wednesday. […]