Argentina's unemployment rate rose to 10.1% in the first quarter from 9.1% in the first three months of last year, the official INDEC statistics agency said. This is the highest level since current president Mauricio Macri took office, and the worst in thirteen years.
Argentine politician Sergio Massa, who recently pledged his support to the main opposition challengers to President Mauricio Macri, is in line to play a key role in the country's Congress if his new allies win national elections later this year.
A massive blackout left tens of millions of people without electricity in Argentina, Uruguay, Paraguay and parts of Chile and southern Brazil on Sunday. The Argentine president called it an “unprecedented” failure in the countries' interconnected power grid.
Argentina's Energy Secretary Gustavo Lopetegui described the massive blackout suffered mostly by Argentina and Uruguay, but which also affected areas of neighbouring countries, Paraguay, Chile and Brazil as “an extraordinary event that should have never happened, there are no reasons for it occurring and leaving Argentina completely in the black”.
President Mauricio Macri stunned Argentines and markets on Tuesday by naming the head of the congressional opposition as his vice-presidential candidate in October's general election. Miguel Angel Pichetto, a 68-year-old lawyer and Senator from the province of Rio Negro has been a loyal and pragmatic member of the Peronist movement since he started in politics in the early eighties.
Miguel Angel Pichetto was born in Buenos Aires and moved to the Patagonian province of Río Negro early in his career. He was first elected in 1983 as a Councilor of Sierra Grande, then mayor (85/87) and later a provincial lawmaker.
Last month I traveled to Panama, Colombia and Argentina. The purpose of my trip was to get an update on the fight for freedom and liberty in Venezuela, to highlight the important economic relationships between Latin America and my state of Florida and to continue building on the progress made to stop narco-trafficking.
Argentina's incumbent President Mauricio Macri has announced Tuesday he chose Senate Majority (and opposition) Leader Miguel Ángel Pichetto as his running mate for this year's elections.
As the date approaches (end of June) for all political groupings in Argentina to have their hopefuls nominated and ready to compete in the August open, mandatory and simultaneous primaries for each party to select their candidates for the presidential election next October, spotlights are following the polarized scenario with Cristina Fernandez and her presidential candidate on the one side, and president Mauricio Macri's reelection strategy on the other.
Brazil’s central bank has denied any planning is underway to create a monetary union with Argentina, after a spokesman for the government in Buenos Aires said on Thursday it was the case.