Economy Minister Luis Caputo announced on Thursday that the resumption of work on the Jorge Cepernic hydroelectric dam in Santa Cruz province is imminent. Caputo confirmed the news on his X account, stating that the construction “could be completed by 2030” and is expected to “contribute 1,860 GWh to the Argentine Interconnected System.” The project … Read more
The intensification of hostilities in the Middle East, subsequent to the coordinated military action by the United States and Israel against the Iranian regime, has once more subjected the oil market to significant strain and prompted inquiries regarding the trajectory of crude oil prices in the near future. The emphasis lies on the possible ramifications … Read more
The union representing tire industry workers, SUTNA, organized a march outside the Labor Secretariat in Buenos Aires on Wednesday to express their opposition to the possible closure of tire manufacturer Fate. A 24-hour strike is also being conducted. The closure is anticipated to result in the loss of over 900 jobs. The protest commenced at … Read more
President Javier Milei expresses his intention to establish the “strategic alliance” with the United States, under the leadership of ally President Donald Trump, as a “state policy.” During a state of the nation address to Congress on Sunday night, the leader of La Libertad Avanza stated, “the South Atlantic is the strategic battleground of the … Read more
On Sunday, Argentina’s Congress erupted into a heated exchange as President Javier Milei inaugurated this year’s legislative sessions. In a setting reminiscent of a sporting event rather than a dignified speech, Argentina’s forthright leader criticized opposition hecklers, labeling them as “criminals” responsible for the country’s turmoil. Milei, greeted with enthusiastic applause from supporters and members … Read more
In a recently viral video, a young woman outlines her financial strategy: “I take out a AR$20,000 loan from Mercado Pago. And to pay that loan, I take out a loan from Ualá. Then I take out another loan from Mercado Pago and use that to pay Ualá. Mercado Pago and Ualá pay each other; … Read more
President Javier Milei’s signature labour reform has successfully passed its final obstacle in the Senate, marking a crucial triumph in the libertarian’s bold agenda that may assist the South American nation in re-entering global markets. The upper chamber passed the significant legislation with a 42-28 vote late Friday, following a prolonged campaign against deeply rooted … Read more
According to Argentina’s President and several major mining companies, the primary obstacles to accessing substantial copper wealth are composed of frozen geological formations and stringent regulatory frameworks. Over the past year, executives from Glencore Plc, Lundin Mining Corp, and partner BHP Group have made their way to Javier Milei’s presidential palace in Buenos Aires. These … Read more
The European Union is set to provisionally implement its trade agreement with the Mercosur bloc of South American nations, despite apprehensions expressed by certain legislators who have referred the agreement to the union’s highest judicial authority for evaluation. Ursula von der Leyen, president of the European Commission, defended the decision, “gives Europe a strategic first … Read more
On Thursday, the Argentine Senate granted final approval to the trade agreement between Mercosur and the European Union. The final tally indicated substantial backing, with 69 votes cast in favor, 3 opposed, and 3 abstentions recorded. Argentina has now become the second nation to ratify the agreement, following Uruguay’s approval of the identical initiative just … Read more