
According to a report from Argentina's National Institute of Statistics and Census (Indec) released Tuesday in Buenos Aires, the South American country's Consumer Price Index (CPI) went up 13.2% in February of 2024 for a yoy total of 276% amid notorious declines in industry, construction, and consumption.

Venezuela has announced the closure of its airspace to aircraft originating from or bound for Argentina, following the seizure of a cargo plane that was subsequently handed over to U.S. authorities. Venezuelan Foreign Minister Yván Gil declared, “Venezuela exercises full sovereignty in its airspace,” vowing that “no aircraft” from Argentina will be permitted to fly over Venezuelan territory until compensation is provided for damages caused by the seizure.

Argentine President Javier Milei Monday sacked Labor Secretary Omar Yasín following the scandal whereby a 48% pay hike decreed for Casa Rosada staffers ended up impacting the salaries of the head of state and all cabinet members. He made a mistake he should not have made, Milei argued about the lawyer stemming from the ranks of former President Mauricio Macri's PRO.

Just a few days after ordering Lower House Speaker Martín Menem to reverse his decision together with Vice President Victoria Villarruel to increase the wages of lawmakers by around 30%, Argentine President Javier Milei was forced to announce that he would do the same regarding a pay hike of around 48% he had decreed for himself and the members of his cabinet, it was reported in Buenos Aires during the weekend.

Argentina's Lower House Speaker Martin Menem admitted Thursday that a bill was to be submitted to backtrack on the resolution granting wage increases of nearly 30% to lawmakers amid strict austerity measures affecting most of the country's population, particularly the more vulnerable.

Two students fainted Wednesday in Buenos Aires as Argentine President Javier Milei inaugurated the school year at the Cardenal Copello Catholic school in Buenos Aires, which he attended with his sister and current presidential secretary, Karina.

Argentine Vice President Victoria Villarruel as head of the Senate and Lower House Speaker Martín Menem agreed to increase the wages of lawmakers by nearly 30% effective from January 1, it was reported Wednesday in Buenos Aires.

Argentine President Javier Milei said Tuesday at the Expoagro 2024 rural event in the city of San Nicolás in the province of Buenos Aires that “by improving the fiscal numbers, the door would be opened for us to start lowering taxes.”

Argentina's state-run news service Télam came to an end Monday when 700 of its workers received emails telling them they should not show up for work because they had been placed on leave while the outlet's website shows a sign reading it is “under reconstruction.” President Javier Milei had announced on March 1 that one of his spending cuts would involve closing what he dubbed “a nest of Kirchnerite propaganda.”

Business owners in the city of Gualeguaychú in the Argentine province of Entre Ríos are foreseeing increasing losses after the latest economic measures by President Javier Milei's administration have resulted in fewer Uruguayans crossing the border to do their shopping as prices are no longer considerably lower.