The World Bank (WB) Friday approved a US$ 230 million loan for Argentina to enhance job creation and training, supporting the Promoting Employment and Back to Work programs. This financing, part of a US$ 12 billion three-year package following Argentina’s International Monetary Fund (IMF) agreement, aims to benefit over 800,000 unemployed individuals through training, job search services, and socio-labor skill certification, it was explained.
A 7.4-magnitude earthquake on the Richter scale struck the Drake Passage Friday, triggering a tsunami warning for Chile's Magallanes region and Antarctic Territory. Chile and neighboring Argentina carried out preventive evacuations, relocating thousands from coastal areas. Shortly after, a stronger 7.5-magnitude quake hit Puerto Williams, followed by a 6.1 aftershock in the Strait of Magellan. Chilean authorities later downgraded the tsunami alert but suspended maritime activities. No injuries or damages were reported, and both countries continue to monitor the situation, urging residents to remain in safe zones.
Argentine President Javier Milei launched a fierce attack on the press via social media, defending his advisor Santiago Caputo, who intimidated a Tiempo Argentino photographer during a Buenos Aires City electoral debate.
Former Argentine President Cristina Fernández de Kirchner (CFK) Thursday issued a Workers' Day message on X, criticizing President Javier Milei’s government for eroding labor rights and reducing wages to 2001 levels. CFK pointed out the declared intention of Milei's government to continue sweeping away rights and called on to remain united in the defense of the right to a dignified life, with work as a tool for progress.
Bolivia's General Directorate of Civil Aeronautics (DGAC) has authorized three new airlines to operate in the country: Argentina's budget carrier Flybondi for international routes, and local companies Andina Airlines and Go Airline for domestic flights. Flybondi has completed all required phases and is awaiting itinerary approval based on fleet availability. Andina Airlines is still in the certification process, while Go Airlines is in an earlier stage. Additionally, Arajet from the Dominican Republic is nearing authorization, only lacking the final demonstration phase.
Economy Minister Luis' Toto' Caputo announced Wednesday that the Argentine government will eliminate export duties on 88% of industrial products, affecting 4,411 items and benefiting 3,580 businesses (nearly 40% of exporters).
Argentina's National Health Ministry issued a health alert after confirming several cases of typhoid fever, marking the disease's reappearance after over 20 years. Authorities are also investigating a possible related death. The alert aims to raise awareness about the infectious disease, its transmission, and prevention measures.
Argentine Cabinet Chief Guillermo Francos denied before Congress Tuesday any involvement on the part of President Javier Milei in the $Libra cryptofiasco, saying the head of State had no link to the project and there was no state coordination or economic benefit.
Supermarket sales in Argentina have dropped by 8% while wholesale sales have plummeted by 22% under President Javier Milei, a report from the University of Buenos Aires showed Tuesday. The decline is attributed to adjustment policies causing high inflation and tariff hikes, which eroded wage purchasing power, redirecting spending from consumer goods to basic services, thus reversing a brief recovery between January and November 2023 (before Milei took office).
U.S. Southern Command (SOUTHCOM) Chief Admiral Alvin Holsey arrived in Argentina for a three-day visit to strengthen bilateral defense and security cooperation. He will meet President Javier Milei at Casa Rosada, Defense Minister Luis Petri, and other high-ranking officers Tuesday.