LATAM Airlines Group said on Wednesday its Argentine subsidiary will cease operations indefinitely, cancelling all domestic flights, its first major cutback since filing for bankruptcy protection. The announcement fell short of saying the company, Latin America’s largest airline, will entirely wind down its subsidiary, although it is unclear if it will ever resume operations.
Argentina has extended confidentiality agreements with creditors by one day to allow further negotiations as the two sides seek a last-ditch agreement to restructure around US$ 65 billion in debt.
Some of Argentina’s largest creditors presented a new debt proposal to the government over the weekend as the two sides edge closer to a US$ 65 billion restructuring deal, according to people familiar with the matter.
Higher fines to those illegally fishing in Argentine waters, including around the Malvinas Islands, is directed to discourage poachers, indicated Argentine foreign minister Felipe Solá who also defended the decision to interrupt the exchange of fisheries information on the South Atlantic bio-mass with the United Kingdom and the Falklands.
Football in Argentina will not return any time soon as the country grapples with rising Covid-19 infections, according to health minister Gines Gonzalez. Organized sport in Argentina has been suspended since mid-March and there has been no indication of when it might resume, reported the local media.
Argentine foreign minister Felipe Solá anticipated that the Falklands/Malvinas Islands will be the priority in relations with the United Kingdom, and to protect the South Atlantic fisheries, fines have to be much harsher since now they are ridiculous low.
Israel’s Mossad provided the intelligence information that enabled Argentine prosecutor Alberto Nisman to prove that Iran orchestrated the 1994 AMIA terrorist bombing in Buenos Aires, in which 85 people were killed, an Israeli TV documentary claimed.
Argentine bonds rose on Friday as the government said that negotiations with creditors to restructure around US$ 65 billion in sovereign debt would continue into next week and that a deadline for reaching a deal would be pushed back to at least June 19.
Argentina's 12-month inflation slowed in May as many consumers stayed home while shops and other businesses mostly remained closed because of social distancing measures intended to control the spread of the coronavirus.
By historian David Tatham (*) - This book by Graham Pascoe describes itself as a refutation of a work by two Argentine lawyers, Professor Marcelo Kohen and Facundo Rodríguez – and that is just what it is.