Almost four million children in Argentina are poor and 8.5% live in extreme poverty, according to a report from UNICEF which measures multidimensional poverty which considers 28 indicators such as nutrition, access to healthcare, exposure to violence, among other more traditional references.
On 28 April, the British Ambassador’s Residence in Buenos Aires welcomed more than 400 people to celebrate the 90th birthday of Queen Elizabeth II. The last time that Buenos Aires held a celebration like this was in 2009 and it was an opportunity to praise the resumption of bilateral ties.
British Trade and Investment Minister, Lord Price, leads the UK’s first trade mission to Argentina in ten years, which arrived in Buenos Aires on Thursday. The mission looks to strengthen trade and investment relations with the third largest economy of Latin America.
Despite the Argentine government’s forecast of a much better economic scenario in the second half of the year, credit rating agency Moody’s disagrees, saying the economy is set to shrink by 1.5%, followed by a growing unemployment and an inflation rate well above 30%.
Brazil’s state-run oil firm Petrobras said it has concluded the sale of its 67.2% stake in Petrobras Argentina to Argentina’s Pampa Energía for US$ 892 million, according to a securities filing. Petrobras also sold all of Petrobras Chile Distribución to Southern Cross Group for about US$ 490 million as part of its divestment program, the company said.
Argentine farm exports rocketed 68% higher in the first quarter compared to the same 2015 period, thanks to new policies that prompted growers to sell stockpiles built up under the previous administration, the government announced.
The Falklands/Malvinas 'pending issue' will be addressed by Malcorra in London beginning with confidence building
Argentine foreign minister Susana Malcorra said she plans to meet with British officials to address a multiple agenda and a pending issue, in the framework of a transparency meeting scheduled to take place in London.
Inflation in Argentina during April reached 5.02% and 40,85% in the last twelve months according to the unions umbrella organization CGT Economic and Social observatory, which was released on Tuesday.
Argentina's Defense minister Julio Martínez headed the Air Force's 34th baptism of fire anniversary which took place on May first 1982 during the South Atlantic conflict. The Sunday event at the V Air Brigade in Villa Reynolds, province of San Luis, was also attended by government and military officials, Malvinas veterans and Air Force Chief of Staff Brigadier Major Enrique Victor Amrein.
Tierra del Fuego province deputy governor Juan Carlos Arcando had to be protected by the police and took refuge in the Legislature building in Ushuaia, following an attack by striking province and city personnel who for over two months have been protesting against a new retirement pensions' scheme.