Venezuelan opposition leader Machado wins Nobel Peace Prize
US tech firm OpenAI and Argentine firm Sur Energy sign letter of intent for US$25-billion investment in artificial intelligence; Companies plan joint venture to develop Stargate Argentina, a massive AI infrastructure project that will include a data centre in Patagonia.
by Cecilia Degl'Innocenti Halting the CAREM project, freezing plans to build the Atucha III and IV plants and entry into Washington’s FIRST programme all add up to a dramatic shift for Argentina’s nuclear sector. Critics accuse the government of violating “technological sovereignty” in favour of foreign interests.
Washington steps in to save Milei with direct purchase of pesos and a US$20-billion currency swap; US Treasury Secretary Scott Bessent ready to take “exceptional” measures to stabilise Argentina’s economy in the face of "acute illiquidity.”
Trump and Bessent make bet on Argentina; Washington has finalised US$20-billion currency swap, with United States directly purchasing pesos.
INTERVIEW
Santa Fe Province governor and member of Provincias Unidas voices concern over unrest and criticises the government’s disconnect with the nation’s economic reality. “The President shows himself as a rockstar, when we’re not doing well,” he complains.
CATHOLIC CHURCH
In the first major text of his papacy, Pope Leo calls for a focus on poverty, social justice, and challenges the marginalization of vulnerable communities.
US REACTION
Democratic US Senator Elizabeth Warren seeks information from hedge funds and asset managers over Washington's bailout of Argentina.
Lawmakers deal another blow to Milei, approving a law that will limit the use of presidential decrees and make them easier to overturn.
Argentina’s government let the peso weaken Thursday for the first time this week, easing strains on the local market that had sent yields surging.
With a US$20-billion swap with the United States reportedly under discussion, IMF reinforces that Milei government's reforms will falter without popular support.
Head of state pretends to be rock star at bizarre book launch show in bid to revive sagging fortunes; After shouting his way through brief set, Milei talks economic policy, slams the left and talks up his “miracle” in Argentina.
Economic necessity and apps are acting as Argentina’s new “digital pimps.” Why growth of platforms like OnlyFans and Fansly is linked to global decline in sexual activity among young people. What the experts say and how the situation looks in Argentina.
Alarm bells are ringing in Argentina, where La Niña can cause heat waves and droughts that affect the country's main soybean and corn crops.
Fernando Sabag Montiel sentenced to 10 years in prison for the failed attempt to assassinate former president Cristina Fernández de Kirchner. His former girlfriend, Brenda Uliarte, received an eight-year sentence for her role in the attack. The third accused, Nicolás Gabriel Carrizo, was acquitted.
Investors are betting that President Javier Milei will devalue the peso after midterm elections this month.
Federal prosecutor Eduardo Taiano has ordered an investigation into the communications of the President, his sister and others accused of promoting the alleged cryptocurrency fraud.
columnists
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Trump lifeline does little to boost Milei with voters in Argentina
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Bessent’s big gamble on Argentina has a narrow road to pay off
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Santander plays key role as US buys Argentine peso to back Milei
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OpenAI, Sur Energy to build massive AI data centre in Patagonia
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Elizabeth Warren asks hedge fund group if it played Argentina bailout role
Argentina to extradite alleged drug-trafficker Machado to US
by Pablo Varela As well as the developing scandal starring José Luis Espert, there are other ruling party figures with chequered pasts – from deputy and senatorial candidate Lorena Villaverde to clients of minister Mariano Cúneo Libarona and the omniscient presence of Claudio Cicarelli, a friend of the aforementioned Patagonian legislator.
US government report by Homeland Security indicates that Machado had already been linked to drug-trafficking and money-laundering in 2021.
editorials
ANALYSIS: SHOCK THERAPY
After burning through billions of dollars in reserves, Argentina’s government is getting creative and finding new alternatives to defend the peso.
POLITICS & COURTS
Federico ‘Fred’ Machado, who faces charges of money-laundering and drug-trafficking in the United States, admits he financially contributed to La Libertad Avanza national deputy José Luis Espert’s 2019 presidential campaign.
RESERVES & CURRENCY WOES
Argentina’s Treasury is burning through its dollar deposits to prop up the peso, with traders estimating it has as little as US$700 million left in its coffers.
Boca had not released any official statements about his condition until Monday, although it is known that Russo was diagnosed with prostate cancer in 2017.
Indirect talks continue in Egypt as Israel marks two years since the deadly October 7 attack.
Argentina’s economy will grow by 4.6 percent in 2025, predicts World Bank economists – above domestic projections; World Bank slightly raises growth forecast for wider Latin America region.
Milei plays rock star in bizarre book launch praising his 'Argentine miracle.'
US Treasury official highlights “productive” talks as negotiations over fresh funds for Milei government continue; Argentina’s economy minister also meets IMF chief Kristalina Georgieva.
Two leaders share "friendly" 30-minute call in first talks since trade war row in part spurred by conviction of ex-president Bolsonaro.
Peter Lamelas, incoming US ambassador to Argentina, claims US companies and “Western world” are on the verge of investing an unprecedented amount of capital.”
Argentina’s government sold around US$450 million in the foreign-exchange market Monday for a fifth straight session as it tried to stem a slide in the peso.
President will attempt to reignite stuttering midterms campaign with a book launch/gig/political rally at an arena in Buenos Aires.
Argentines are going on cross-border shopping sprees, costing Milei's government billions as it tries to prop up the peso
President Javier Milei suffers another damaging blow weeks before midterm elections; Amid growing scandal, José Luis Espert – ruling party’s top candidate in October vote – resigns his candidacy.
Scandal sowed divisions within Milei’s government, with some ministers publicly calling on Espert to come clean.
Two people were arrested on Saturday in Santa Fe following minor clashes at a campaign rally staged by President Javier Milei.
Judge in Peru rules alleged mastermind behind brutal triple killing in Buenos Aires linked to narco-trafficking must remain in prison during extradition proceedings.
To lay any claim to a positive result, pundits suggest that Milei would need to be the leading minority with at least 35 percent of the vote. The first objective looks like a done deal since LLA is the only nationwide contender.
