The shaping up of Argentine President Javier Milei's chainsaw economic politics kicked off this week with the broad approval by Congress' Lower House of the so-called Omnibus Law bill, also known for its formal name as the Bases Law: It is a fundamental step to get Argentina out of the swamp, Milei stressed on social media. The Basic Law bill has ten titles totaling 25 chapters.
Argentina lost an average of 80 companies each week in the last three years, according to a private study released in Buenos Aires Friday, which means that when President Alberto Fernández leaves office on Dec. 9, 2023, he will leave behind a country with over 12,000 fewer companies.
The leader of a U.S. congressional delegation to Mexico said that Mexico must take more concrete steps to implement its labor reform, after a trip aimed at speeding up ratification of the new North American free trade deal.