
The dramatic search for the missing Argentine submarine in the South Atlantic has captivated the nation of 44 million, which recently mourned the loss of five citizens killed when a terrorist truck driver plowed through a bicycle path in New York City.

The Royal Navy has deployed ice patrol ship HMS Protector to help search for an Argentine submarine that went missing in the South Atlantic with 44 people on board. Contact with the Argentine military sub ARA San Juan was lost three days ago, Wednesday.

The Argentine navy has stepped up its search of the South Atlantic for a submarine with 44 crew on board that remains missing two days after its last communication on Wednesday. ARA San Juan was in the western south Atlantic some 432 kilometers from the Patagonian coast close to the San Jorge Gulf, when it sent its last signal on Wednesday midday, naval spokesman Enrique Balbi said on Friday.

Argentina’s consumer prices rose 1.5% in October, government statistics agency Indec said on Tuesday, bringing 10-month inflation to 19.4%. It was the second month in a row that cumulative inflation for 2017 was above the upper band of the central bank’s target range for inflation, between 12% and 17% this year. Private sector economists expect inflation of 23% this year and 16% in 2018.

Argentina is disputing with Chile South America’s top producer of the mineral lithium, a key ingredient for the production of electric cars and its rechargeable batteries allowing them to retain energy far longer, and as a consequence its price has soared more than 30% to a record US$ 12.000 a ton this year.

The purchase by Argentina of five refurbished French Super Etendard to help with security measures when Argentina hosts the 2018 G20 summit, which will bring together the world's top leaders, has triggered a dispute among the country's services since the current defense minister, Oscar Aguad wants to concentrate all military aircraft in the Air Force.

Argentina's ARA Islas Malvinas has started this season's Antarctic duty as part of the Antarctic combined naval patrolling, responsibility which Argentina shares with neighboring Chile since 1988.

Argentina's Acindar steelmaker is currently working at 70% of its installed capacity, which is 1.7 million metric tons of crude steel and 1.4 million mt of finished steel. In 2016, Acindar produced 962,000 mt of steel products. Expectation for 2017 is that it will reach 1.1 million mt, resuming good levels for the company.

An IMF visiting team in Buenos Aires concluded its annual review of Argentina's economy and praised the efforts of President Mauricio Macri's nearly two-year-old government to transform the economy saying it has yielded significant gains, but also warned that risks remain.

DYNASAFE Bactec recently returned to the Falkland Islands to continue demining operations, namely the completion of Phase 5a by March 18. “The break of around 10 weeks has allowed us all to recharge our batteries to finish these remaining tasks,” said Project Manager Julius Unsung.