Argentine President Javier Milei urged the Southern Common Market (Mercosur) on Thursday to abandon its destructive inertia, as he hosted the bloc's Summit in Buenos Aires. He also underscored his government's commitment to the path of freedom, warning that we will embark on it, either accompanied or alone.
Buenos Aires Judge Jorge Gorini Wednesday acquiesced to a request from former President Cristina Fernández de Kirchner's (CFK) legal team and authorized former Brazilian President Luiz Inácio Lula da Silva to visit her Thursday at the apartment where she is serving a six-year sentence for corruption under house arrest.
Despite an overwhelming support for Argentina’s sovereignty claim over the Falkland Islands during the recent OAS annual assembly at Antigua and Barbuda, the UK Minister for Latin America and Caribbean, Baroness Chapman, pointed to the importance of relationships with friends and allies across the Americas, and is particular with Argentina.
During the 5th World Circular Economy Summit and 1st International Climate Conference in Córdoba, governors from several Argentine provinces signed a landmark agreement ahead of COP30 (to be held in Brazil in 2025) to protect biodiversity, accelerate a shift to a circular economy, and ensure a fair and equitable energy transition.
Major business users of the Paraná-Paraguay Waterway (agro-exporters, industrialists, and port operators) have issued a joint statement supporting the Argentine government's bidding process for a private operator of the Trunk Waterway. They urge all stakeholders to channel their proposals, including those related to tariffs and environmental impact, through the established technical dialogue tables to avoid hindering consensus.
JetSMART Airlines launched its first direct flight from Recife to Buenos Aires on Tuesday, marking the carrier's entry into Brazil's Northeast region and expanding its international routes in South America's largest country to ten services, across five cities (Rio de Janeiro, Florianópolis, Nova Iguaçu, São Paulo, and Recife).
Judge Loretta Preska of the Southern District Court of New York ordered Argentina to transfer 51% of YPF shares to an escrow account to settle a US$16.1 billion judgment in favor of Burford Capital and Eton Capital, stemming from the 2012 expropriation of the oil company. The ruling, which Argentina may appeal, surprised the government, as even the US Department of Justice opposed it. The decision led to a sharp decline in YPF shares (1.4% on Wall Street, 3% locally) and a 2% drop in the Merval index.
Prosecutors Diego Luciani and Sergio Mola, who got former President Cristina Fernández de Kirchner (CFK) sentenced to six years in jail for corruption in the so-called Vialidad Case, on Monday filed for her to be stripped of her house arrest privileges and be sent to an ordinary correctional facility.
Argentine President Javier Milei is preparing to host the South American Common Market (Mercosur) Summit Wednesday and Thursday in Buenos Aires, during which he will have to welcome his Brazilian colleague Luiz Inácio Lula da Silva, with whom he does not see eye to eye after calling him names during the 2023 campaign.
A severe crisis in Argentina's shrimp fishing industry, described as the worst in its history, has left 113 freezer vessels idle, 5,000 workers unemployed, and caused over US$200 million in export losses. The conflict stems from a dispute between fishing companies and unions (SOMU and Simape) over adjusting the Collective Labor Agreement, which ties workers' production bonuses to a 2005 shrimp price of US$12 per kilo.