High interest rates will have a negative impact on activity, and the weaker peso resulting from a floating exchange rate regime will add to already sky-high inflation, but both are necessary to prevent a deeper crisis, Argentine Treasury Minister Nicolas Dujovne admitted on Monday.
Argentine federal judge, Julian Ercolini, on Monday began legal proceedings against former President Cristina Fernandez de Kirchner (2007-2015) and her two children on charges of money laundering and illicit association.A statement from the court said that Ercolini had frozen assets belonging to the family worth 800 million pesos (some 32 million U.S. dollars).
Fresh protests against Israel are expected on Tuesday in the Palestinian territories, a day after Israeli troops killed 55 people in Gaza. Tuesday marks the 70th anniversary of what Palestinians call the Nakba, or Catastrophe, that saw thousands flee amid the creation of Israel in 1948. Tensions will be particularly high in Gaza where funerals for those killed on Monday are due to take place.
The British Antarctic Survey (BAS) and the Instituto Antártico Argentino (IAA) today signed a memorandum of understanding.The agreement will enable the implementation of joint science and technology research projects as well as enhanced training and exchange of personnel. .
Nicaragua's military called for a halt to violence that has rocked the country during weeks of protests and a deadly crackdown by police and supporters of President Daniel Ortega's government. In a statement late Saturday, the army also expressed solidarity with families of those who have died — more than 60, according to a human rights group.
Falkland Islands fishing companies may have attended the Brussels Seafood Show intermittently for over a decade, but the looming specter of Brexit lent this year’s attendance unprecedented significance. For James Bates, Falkland Islands Fishing Companies Association (FIFCA) Executive Secretary, Brexit gave the industry’s stand at the show a clear mandate this year, “it was about being visible at a time when we need to be.”
Earlier this week Mercopress announced that a delegation from the Falkland Islands will be joining the UK Foreign and Commonwealth Office in Argentina next week to discuss fisheries data exchange. This announcement comes shortly after a successful visit to the Brussels Seafood Show, where the important access of continued market access post-Brexit was discussed with partners by Falkland Islands fishing companies.
Oil firms, including Norway’s Statoil, U.S.’ Anadarko Petroleum Corp, China’s CNOOC and Malaysia’s Petronas, have shown interest in Argentina’s auction this year of offshore blocks for exploration and production, the country’s energy minister said.
Russian President Vladimir Putin has spoken with Germany's Angela Merkel and Turkey's Recep Tayyip Erdogan in a bid to keep the Iran nuclear deal alive after the US decision to withdraw, the Kremlin said Friday.
Former US Vice President Dick Cheney said the US should restart the harsh detention and interrogation practices used on terror suspects after 9/11, and called on the Senate to confirm CIA nominee Gina Haspel.