Controversial Libertarian Deputy Javier Milei pledged to sell off all of the State's assets, legalize the free carrying of weapons, privatize the health system, impose cuts in pension expenses, eliminate the compulsory nature of sex education in schools, and restrict the entry of foreigners, among other ideas if he is elected President of Argentina.
A team of researchers from the Center for Plant Protein Research (CIProVe) and the Center for Research and Development in Applied Sciences Dr. Jorge J. Ronco (Cindeca), both from the School of Exact Sciences of the National University of La Plata (UNLP) announced that the fungus Candida antarctica has a series of properties that make the manufacture of Ibuprofen more efficient, Diario Hoy reported.
As Argentina raised the interest rate to 97% and adopted other measures such as the opening of food imports to control inflation while at the same time further restricting people's access to foreign currency, the “Blue” (a euphemism for “black market”) dollar rose again Monday to AR$ 483, it was reported in Buenos Aires.
The governors of the Argentine provinces of La Pampa, Salta, and Tierra del Fuego were reelected Sunday. Meanwhile and following a Federal Supreme Court ruling, San Juan and Tucumán had to postpone their gubernatorial elections, but the former voted for local authorities anyway, while the latter adjourned the process altogether.
Argentine authorities Sunday announced a set of measures to tackle inflation, which include more active involvement in the foreign exchange market. But the most striking of them all was the opening of food imports at zero tariffs to hit local producers who over-benefitted from protectionism.
Argentina's National Institute of Statistics and Census (Indec) Friday announced that inflation for the month of April of 2023 was 8.4%, way above all projections. Interannually, the Consumer Price Index (CPI) reached 108.8% and the accumulated variation in the first four months of the year was 32%. It is the highest monthly inflation since April 2002 (10.4%) and the highest year-on-year figure since 1991. Since Alberto Fernández took office in December 2019, prices increased 448%.
Argentina's two only lithium exporters -Allkem (Australia) and Livent (LTHM)- have announced a multi-billion dollar merger. The companies operating in Catamarca and Jujuy will launch a new company valued at US$10.6 billion, it was reported.
Next Sunday the Argentine extreme southern province of Tierra del Fuego will be elected Governor, Deputy Governor, 23 provincial lawmakers, three mayors, and eight city councilors. Despite its size, the island province divided into 16 electoral districts has an electoral registry of 141.548 and all newly elected members will be taking office from 11 December 2023 until 11 December 2027.
The Brazilian Government of President Luiz Inàcio Lula Da Silva Thursday asked the US Treasury Department to exert some pressure on the International Monetary Fund (IMF) -of which the US is the largest shareholder- to help Argentina overcome the current crisis caused by the drought while still bound by commitments signed with the world entity, which are holding back the economic development of the South American country.
A restaurant named “Swap” in the most exclusive Parque Leloir area in Ituzaingó, on the outskirts of Buenos Aires, has been closed after patrons were found trading ordinary culinary activities for couple swinging, threesomes, and orgies, it was reported in the Argentine capital.