Tag: Argentina

Magnitude 5.6 earthquake strikes Argentina’s Mendoza region, EMSC says

(Reuters) – An earthquake of magnitude 5.6 struck the Mendoza region of Argentina, the European Mediterranean Seismological Centre (EMSC) said on Sunday. The quake was at a depth of 120 km (75 miles) EMSC said. 🔔#Earthquake (#sismo) M5.6 occurred 103 km NW of La Humada (#Argentina) 3 min ago (local time 01:04:03). More info at: 📱https://t.co/QMSpuj6Z2H 🌐https://t.co/cm5AxSLCss 🖥https://t.co/M5WZ9H8llg pic.twitter.com/0bOyhNvfx1 — EMSC (@LastQuake) November 3, 2024   (Reporting by Devika Nair in Bengaluru; Editing by William […]

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Before Liam Payne died, a 911 call warning about his safety

By Eliana Raszewski BUENOS AIRES (Reuters) -Pop star Liam Payne, who shot to global fame with boy band One Direction, died at the age of 31 after falling from a third-floor hotel room balcony in Buenos Aires, Argentina, triggering an outpouring of tributes from fans around the world. Before the fall, a hotel employee at the CasaSur hotel in the leafy neighborhood of Palermo called emergency services, asking for help with a guest who he […]

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Argentina poverty rate soars over 50% as Milei austerity bites

BUENOS AIRES (Reuters) -Argentina’s poverty rate soared to almost 53% in the first half of the year, official data released on Thursday showed, the first hard evidence of the painful impact of libertarian President Javier Milei’s tough austerity measures. That marked a steep jump from 41.7% at the end of last year and more than double the 26% just seven years ago, underscoring the severe cost to regular Argentines of repeated economic crises that have […]

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Argentina grains ships load less cargo as river levels hit near-record lows

By Maximilian Heath BUENOS AIRES (Reuters) – Huge grains ships loading up with soy and corn at Argentina’s major inland river ports around Rosario are taking on less cargo as water levels drop to near record lows due to a major drought upstream in Brazil, pushing up costs and transport times. The Parana River, which carries almost 80% of Argentina’s grains and oilseeds for export, is at the second lowest level for this time of […]

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Argentina’s annual inflation soars above 250% in January

BUENOS AIRES, Feb 15, 2024 (AFP) – Argentina’s monthly inflation slowed slightly in January, but the prices of key goods and services rose 254 percent year-on-year, the statistics agency said Wednesday. President Javier Milei had warned that the country’s battle with inflation was far from over when he took office in December, riding a wave of fury over decades of economic mismanagement, and stood by his policies Wednesday. “If one takes the number alone, isolated, […]

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IMF authorizes $4.7 bn for Argentina after Milei’s ‘bold’ reforms

WASHINGTON, Feb 1, 2024 (AFP) – The International Monetary Fund on Wednesday approved a fresh $4.7 billion for Argentina, praising the new administration of President Javier Milei as he enacts “bold” cost-cutting to bring the country’s ailing economy back on track. The new disbursement — which brings to around $40.6 billion the amount sent to Argentina as part of a $44 billion aid program — is intended “to support the new authorities’ strong policy efforts […]

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Argentina court suspends Milei labor reforms

BUENOS AIRES, Jan 4, 2024 (AFP) – Argentine judges on Wednesday suspended labor law changes that form part of a mega-decree of sweeping economic reforms and deregulation announced by the country’s libertarian new president, Javier Milei. The CGT trade union body had challenged the changes, which technically took effect last Friday, on grounds that they erode basic worker protections such as the right to strike and parental leave. The three judges of Argentina’s labor appeals […]

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Argentina’s new leader unleashes ‘shock therapy’, orders major deregulation of economy

BUENOS AIRES, Dec 21, 2023 (AFP) – -Argentina’s new leader Javier Milei on Wednesday unveiled a series of measures to deregulate the country’s struggling economy, eliminating or changing more than 300 rules via presidential decree, including on rent and labor practices. “The goal is to start along the path to rebuilding the country… and start to undo the huge number of regulations that have held back and prevented economic growth,” Milei said in a televised […]

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Javier Milei: outsider who ignited Argentine rage to become president

By Fran BLANDY BUENOS AIRES, Nov 20, 2023 (AFP) – With his wild hair and powered-up chainsaw, the libertarian Javier Milei has upended Argentine politics in a meteoric rise from obscurity to the presidency, riding a wave of fury over decades of economic decline and rampant inflation. “Long live freedom, damn it!” was his rallying cry throughout a campaign in which he railed against a “thieving and corrupt political class,” notably on TikTok and YouTube […]

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URGENT: Argentina’s Milei wins presidential election, Massa concedes

BUENOS AIRES, Nov 19, 2023 (AFP) – Libertarian outsider Javier Milei will be Argentina’s next president, said his rival, Economy Minister Sergio Massa, who conceded defeat after Sunday’s election. “Obviously the results are not what we had hoped for, and I have spoken to Javier Milei to congratulate him and wish him well, because he is the president that the majority of Argentines have elected for the next four years.” This is a developing story…

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Argentines hold breath in tight presidential election

By Fran BLANDY and Sandra FERRER BUENOS AIRES, Nov 19, 2023 (AFP) – Argentina braced Sunday for the outcome of a knife-edge presidential election between Economy Minister Sergio Massa and outsider Javier Milei, who represent wildly different visions for the country’s future. Voters cast their ballots gripped by fear, uncertainty and resignation, with few confident either candidate could halt decades of economic decline and financial mismanagement of an economy that is Latin America’s third-biggest and […]

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Bird flu kills scores of sea lions in Argentina

BUENOS AIRES, Aug 30, 2023 (AFP) – Scores of sea lions have died from bird flu in Argentina, officials said Tuesday, as an unprecedented global outbreak continues to infect mammals, raising fears it could spread more easily among humans. Animal health authorities have recently reported dead sea lions in several locations along Argentina’s extensive Atlantic coast, from just south of the capital Buenos Aires to Santa Cruz near the southern tip of the continent. Another […]

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