Montevideo remained South America's most expensive place to live according to the Mercer Ranking released this week, closely followed by Buenos Aires, a place that has been moving up fast since President Javier Milei's Dec. 10, 2023, inauguration. The list helps multinational employers plan their strategies regarding compensations and other expenses, it was explained. Hong Kong stayed at the top, followed by Singapore, and Sitzerland's Zurich, Geneva, and Basel.
“If you have to deny the existence of a people to make your argument work, your argument doesn’t work,” has been the public reply of Falkland Islands lawmaker MLA Teslyn Barkman to the piece of Argentina's foreign minister Diana Mondino addressed to Falkland Islanders, during this week's session of the Special Decolonization Committee, or C24, held at the United Nations, New York.
Argentina's judiciary Wednesday declassified a confidential intelligence report dated in 2003 which delved into Iran's role in the 1994 bombing of the Argentine Israeli Mutual Association (AMIA) headquarters in Buenos Aires.
Argentine President Javier Milei admitted that his country's process of curbing inflation would be making a pause from the 4.2% the National Institute of Statistics and Census (Indec) announced for May this year. In addition to a rebound in the decline, there will be no zero deficit, the Libertarian leader also admitted.
The three-time former governor of the Argentine province of Tucumán José Alperovich was sentenced to 16 years in prison Tuesday for sexually abusing his niece, who worked as his secretary during his term as a national senator. It took Judge Juan Ramos Padilla 15 hearings and testimony from almost 70 witnesses and experts to hand down his verdict and decision which also included the defendant's disenfranchisement.
A study by the consulting firm Zuban Córdoba showed that Argentine President Javier Milei's approval ratings were falling below those of other officials of his administration such as Security Minister Patricia Bullrich and Vice President Victoria Villarruel. These results were said to be driven by scandals involving the President's protegé, Human Capital Minister Sandra Pettovello.
While Brazil welcomed a 14.8% growth in the number of foreign tourists in May this year from the same month of 2023, Argentina's domestic leisure travel showed a decline of nearly 65% during this past three-day weekend encompassing the June 17 National Holiday.
Chilean President Gabriel Boric Font declared the diplomatic incident over after Argentine Security Minister Patricia Bullrich apologized for saying that the terrorist organization Hezbollah was operating in the Chilean port of Iquique. “It seems to me that it is tremendously important that the authorities be responsible in their statements and affirmations,” said Boric.
Argentina's Navy will remove the solar panels mistakenly placed in Chilean territory after President Gabriel Boric Font warned that his country would take action if Buenos Aires failed to comply at the earliest time possible.
Monday's International Monetary Fund (IMF) projected a 3.5% drop in Argentina's economic activity this year from a previous 2.75% assessment but admitted inflation would be lower than previously thought reaching 140% year-on-year by the end of 2024 in addition to declining further in the medium term, as demand for pesos recovers from historically low levels.