The International Monetary Fund’s (IMF) World Economic Outlook update for April 2018 has reduced its expectations of growth for Argentina this year, and its projected annual inflation rate largely exceeds the 15% goal set by president Mauricio the Macri administration in December 2017.
A missing World War Two U-boat—which has long been rumored to have carried Nazi leaders to South America as the Third Reich collapsed—has been found off the coast of Denmark. The U-3523 submarine, a cutting-edge vessel developed at the very end of the war, was discovered at a depth of around 400 feet, 10 nautical miles north of the Danish Coast, by researchers at Sea War Museum Jutland.
Argentina sent its first shipment of lemons to the United States in 17 years, a few months after President Donald Trump authorized citrus imports from the country.
President Mauricio Macri of Argentina was recognized by the World Travel & Tourism Council (WTTC) at its first World Leader for Travel & Tourism. The recognition was announced at the opening ceremony of the 2018 WTTC Global Summit which is taking place on 18 and 19 April in Buenos Aires, Argentina.
Argentina’s central bank would raise interest rates if inflation does not fall “a lot” beginning in May to a level consistent with its 2018 target for a 15% rise in consumer prices, central bank Governor Federico Sturzenegger said on Monday.
Canadian Prime Minister Justin Trudeau backed air strikes by the United States and its allies on Syria’s chemical weapons program but Argentina, Brazil and Peru voiced caution during a regional summit about the escalating military action.
The Economist recently published an extremely laudatory article on the performance of the Uruguayan economy in the last fifteen years, much of which can be supported but even more needs to be rectified, quite a surprise coming from a publication known for its research rigor. The piece was titled “Uruguay’s record-setting economic growth streak; How a small country outperforms its neighbors” and was published in the March 28th edition.
Argentina’s central bank held its benchmark interest rate at 27.25% this week, the monetary authority said in a statement, noting that high-frequency indicators suggested core inflation would remain high in April, but below March’s levels.
Eight police officers in Argentina, including a former town police commissioner, have been dismissed from their posts after four of them claimed that more than half a ton of missing marijuana was carried off by mice, Buenos Aires media reported on Wednesday.
Argentina's icebreaker Almirante Irizar is back in Buenos Aires at the end of its first Antarctic campaign in ten years, following the fire that almost knocked the Finnish built vessel out of action. She left on 26 December and completed 107 days in the high seas and Antarctica's ice.