
Argentina's government abolished the Interior Ministry and transferred its functions to the cabinet chief's office, headed by Diego Santilli, through an emergency decree published on Thursday in the Official Gazette. The measure places the political relationship with governors, provinces, municipalities, the City of Buenos Aires and Congress under the coordinating minister's remit, along with powers over the electoral system and political parties. With the change, the national cabinet is reduced to eight ministries.

The seaside city of Mar del Plata, one of the main tourist destinations on Argentina's Atlantic coast, woke up covered in snow on Thursday, an unusual sight for a temperate-climate city that became the most widely shared image of the intense polar cold wave sweeping the country. Thermometers read around 1 degree below zero, with a wind-chill close to -3 °C, and snow and sleet were recorded from the early hours in various parts of the General Pueyrredón district, with heavier accumulation in the Sierra de los Padres area.

The former cabinet chief of Buenos Aires province and ex-mayor of Lomas de Zamora, Martín Insaurralde, asked the courts not to use as evidence the video in which his ex-wife, television host Jesica Cirio, appears alongside stacks of dollars in the closet of the house they shared, as part of a case for alleged illicit enrichment and money laundering. The motion, filed before federal judge Luis Armella, mirrors the one Cirio herself had made days earlier; she also faces a pending order to give testimony.

An international investigation published by the Spanish newspaper El Confidencial, with an extensive interactive report, describes how the expansion of Asian fishing fleets in international waters —mainly Chinese— has transformed the global market for frozen squid, with a direct impact on the European fleet and consequences for fishing in the South Atlantic, one of the main sources of income for the Falklands.

Argentine President Javier Milei will prioritize his domestic agenda in the coming days and will not travel to the United States for that country's Independence Day celebrations on July 4, official sources confirmed. The decision comes amid a reshaping of his cabinet following the departure of his cabinet chief, Manuel Adorni, and marks the second time in a matter of days that the president has set aside an international commitment to focus on domestic matters.

Argentina's country risk closed this week at 421 basis points, its lowest level in eight years, amid a strong recovery in dollar-denominated sovereign bonds driven by recent improvements in the country's credit rating. The indicator, compiled by the bank JP Morgan, reflects the premium Argentina must pay to borrow in dollars over US debt, considered risk-free.

The confirmation of right-wing Keiko Fujimori's victory in Peru's presidential runoff drew a wave of congratulations from leaders across the region, who framed the result within the shift to the right underway in several Latin American countries. With Fujimori's arrival in power, the right will add a new government, alongside those of Argentina, Ecuador, Chile, Paraguay and El Salvador, and the recent victory of Abelardo de la Espriella in Colombia.

Argentina's Economy Ministry on Monday completed the placement of the Bonar 2028 (AO28), a dollar-denominated bond under local law, raising most of the funds needed to face a maturity of around $4.2 billion with private debt holders due on July 9. In the second round of the auction, the Finance Secretariat awarded $100 million, thereby reaching the authorized cap of $2 billion for that instrument.

Argentina's request to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) has reopened a question over its sovereignty claim to the Falklands, since the United Kingdom is a full member of that agreement. If it goes ahead, it would be the first trade pact of this magnitude, since the 1982 war, in which Argentina would share partner status with London outside traditional multilateral frameworks such as the United Nations or the World Trade Organization.

Argentine President Javier Milei will take part on Monday and Tuesday in the Mercosur summit of heads of state in Asunción, a meeting whose trade agenda —led by the agreement with the European Union— will coexist with open political tensions with Brazil that threaten to overshadow the bloc's progress. Paraguay's Foreign Minister, Rubén Ramírez, confirmed the presence of seven leaders, among them the presidents of Chile, José Antonio Kast, and Ecuador, Daniel Noboa.