News of world

Bessent brands Warren a ‘Peronist’ after Argentina criticism

Yesterday 23:51 Tussle between Donald Trump administration and Democratic opposition unfolds during partial shutdown of US government.

CURRENCY TURBULENCE

JPMorgan, Citi wade into Argentine FX to help US halt peso slide

Yesterday 23:28 Peso snapped a five-day losing streak as Wall Street banks were active in the local currency market.

Gerardo Werthein has resigned his post as Argentina's foreign minister.

Cabinet changes

Foreign Minister Gerardo Werthein presents resignation to President Milei

Yesterday 12:06 Foreign Minister Gerardo Werthein has submitted his resignation to President Javier Milei, according to government sources; Decision follows days of speculation over his future and likely appointment of presidential advisor Santiago Caputo to Cabinet.

Bolivia’s president-elect Rodrigo Paz speaks during an election night rally following the presidential run-off election in La Paz, Bolivia on October 19, 2025.

NEW ERA IN BOLIVIA

Bolivia’s next president Paz targets pragmatic path out of crisis

Yesterday 11:04 Heading into his November 8 inauguration, Rodrigo Paz’s first test will be to replenish fuel supply that the outgoing administration of Luis Arce ran out of money to pay for.

US-ARGENTINA BAILOUT

Bessent’s plan runs short on time to line up Argentina financing

21-10-2025 21:33 US Treasury has been floating a US$20-billion financing deal involving banks, but key details such as the debt’s terms, structure and collateral remain unaddressed.

Carmela Medina and Alejandro Carranza, pose for a photo at their house in Santa Marta on October 21, 2025. Their son, Alejandro Carranza was a Colombian man who allegedly died when the US bombed a boat supposedly carrying drugs in the Caribbean.

DIPLOMATIC UNREST

US-Colombia tensions grow over fatal Caribbean boat strike

21-10-2025 20:03 US military attacks in the Caribbean have sparked accusations of unjust killings, worsening diplomatic relations with Colombia.

POLITICS & FOREIGN POLICY

Viceroy Bennett and US intervention in Argentina

21-10-2025 15:58 Lobbyist hired by the SIDE intelligence services became executor of Trump’s will in Argentina. Secret meetings, legal troubles, and his partnership with businessman Leonardo Scatturice.

by Rodis Recalt

Bolivia's presidential candidate for the Christian Democratic Party (PDC), Rodrigo Paz, gestures as he leaves after voting during the presidential runoff election in Tarija, Bolivia, on October 19, 2025.

Foreign policy & diplomacy

US and Latin American nations back Bolivia’s new president-elect

21-10-2025 13:50 Washington and eight governments from the region – including Argentina – hail Rodrigo Paz’s victory as a break from two decades of “economic mismanagement.”

DEBT & BONDS

Bonds rebound as government announces debt buyback

20-10-2025 21:57 Finance Secretary Pablo Quirno says government plans to buy back sovereign bonds to reduce financing costs.

Bolivia's President-elect Rodrigo Paz, of the Christian Democratic Party (PDC), holds a press conference a day after the presidential election run-off in La Paz, on October 20, 2025.

GEOPOLITICS IN AMERICAS

Bolivia to restore US ties cut nearly two decades ago, says Paz

20-10-2025 17:46 President-elect Rodrigo Paz says Bolivia's relationship with the United States "will be resumed" nearly two decades years after Evo Morales kicked out Washington's ambassador.

AGRICULTURE & LIVESTOCK

Trump Argentina beef plan risks rancher ire, little price relief

20-10-2025 17:29 Donald Trump vowed to boost beef imports from Argentina, but this may bring little relief to consumers – and risk angering US ranchers.

Argentina's Central Bank in Buenos Aires.

POLITICS & ECONOMY

Government formalises US$20-billion currency swap deal

20-10-2025 15:52 Milei requires a good election result to justify a second swap.

BUSINESS

CEOs strive to surf Milei volatility at annual retreat

19-10-2025 09:35 Upcoming national election and volatility in financial markets dominates conversation at annual gathering in Mar del Plata.

A 'Wanted' poster depicting Presidential Chief-of-Staff Karina Milei that reads, "Wanted for stealing 3% from the disabled" is seen plastered on a post of the main square of the rural town of San Andrés de Giles in Buenos Aires Province, Argentina on September 24, 2025.

POLITICS

Fervour for Milei cools in rural town as midterms near

18-10-2025 19:14 In the farm town of San Andrés de Giles, Milei mania is fizzling out. Some residents are not quite so convinced about the head of state as they once were.

US President Donald Trump's letter and photograph for President Javier Milei.

ANALYSIS

On raucous outsiders and statesmen

18-10-2025 06:47 The Milei administration has shown time and time again they lack the capacity to build sustainable political alliances and that stubbornness on the economic front has led to the repetition of mistakes from the recent past. The President has shown that when political momentum is on his side, he abuses good fortune to castigate political opponents and preach cultural war.

by Agustino Fontevecchia

Editorial

Washington does not believe in tears

18-10-2025 06:39 If the next crop of deputies and senators is to be chosen according to the slogan “libertad o kirchnerismo,” this will guarantee a further impoverishment of debate.

US President Donald Trump greets Argentina's President Javier Milei at the end of a Medal of Freedom Ceremony for late US right-wing activist Charlie Kirk in the Rose Garden of the White House in Washington, DC, on October 14, 2025

POLITICS & FOREIGN POLICY

New US aid for Argentina delivers boost to Milei, but Trump threat sparks anger

18-10-2025 06:28 Argentina's president is heading into the home straight of the campaign with his sails boosted by strong winds from Washington – now all he has to do is win the election.

ANALYSING ARGENTINA

Yankees come home

18-10-2025 06:26 Exactly 20 years ago next month, Washington silently retreated from the region. Now it’s coming back, in full swing.

by Marcelo J. García

As I see it

Milei and the master of the universe

18-10-2025 06:18 Trump is different: he wants everyone on planet Earth to know that his or her personal fate depends on him. By behaving the way he does, he has put Argentines in a bind.

by James Neilson

CAMPAIGN COMMENTS

Trump card or joker in the pack?

18-10-2025 06:15 Milei’s government is confident of success in only seven of Argentina's 24 districts but this fails to point out that fears of defeat are also only limited to seven provinces, with the other 10 up in the air.

by Michael Soltys

The US Treasury Department in Washington.

MARKETS & FX

Argentine FX traders estimate US Treasury sold over $200 million

17-10-2025 19:05 US Treasury bought more pesos Friday than it had in any other session, traders estimate; Currency continued to lose value despite Washington's support.

Supporters of Argentina's President Javier Milei demonstrate before his arrival for a campaign rally in Buenos Aires, on October 17, 2025.

CURRENCY WOES

Peso drops against dollar amid fresh US backing

17-10-2025 18:42 Argentina's peso has been fluctuating wildly ahead of next week's midterm elections next week, disrupting the savings and spending plans of locals who fear an imminent devaluation.

Mariana Enriquez is an Argentine writer and author of "A Sunny Place for Shady People".

BOOKS & LITERATURE

Mariana Enríquez: Algorithms and AI are good breeding ground for literature

17-10-2025 18:06 Argentine author and journalist argues that artificial intelligence has the potential to reshape literature by expressing social inequalities and hidden fears.

FILM & CINEMA

Director Pablo Trapero unveils ‘&Sons,’ his first film in English

17-10-2025 18:01 Director Pablo Trapero unveils new film '&Sons' – his first in English.

Fans remember late singer Liam Payne in Buenos Aires on the first anniversary of his death.

the week in review

Stories that caught our eye: October 10 to 17

17-10-2025 17:43 A selection of the stories that caught our eye over the last seven days in Argentina.

This photo illustration shows banknotes of 20,000 pesos, 10,000 pesos, 2,000 pesos, 1,000 pesos, 500 pesos, 200 pesos, 100 pesos and 100 USD banknotes in Buenos Aires on January 13, 2025.

MARKETS & FX

Peso slumps as US fails to dispel devaluation fear

17-10-2025 11:52 US Treasury Secretary Scott Bessent announces that the United States bought the currency Thursday on the parallel exchange rate known among investors as the “blue chip swap.”

INTERNATIONAL FOOTBALL

Argentina need real tests ahead of World Cup defence

17-10-2025 08:42 There’s no doubt that this is still a very good Argentina team, but why on earth are Venezuela and Puerto Rico lined up for friendlies ahead of the World Cup?

by Dan Edwards

An aerial view shows the Al-Maqussi Towers district, heavily damaged by massive Israeli bombardment over the past two years, in northwestern Gaza City on October 15, 2025, during a US-brokered ceasefire between Israel and Palestinian factions.

GUEST COLUMN

Peace in the Middle East: Ceasefire between Israel and Hamas is not enough

17-10-2025 08:36 The ceasefire between Israel and Hamas is not the last step, but the first step on a long road.

by Marwan Gill

CURRENCY INTERVENTION

Citi sells pesos to Fed as part of US Treasury’s rescue

16-10-2025 23:32 Citigroup sold pesos to the US Federal Reserve on Thursday as part of Scott Bessent’s wide-ranging effort to buoy the currency and Javier Milei’s administration.

ANALYSIS

Argentines dump the peso, betting US rescue is doomed to fail

16-10-2025 19:05 Argentines are convinced that even a flood of cash from the United States won’t be able to stop another painful devaluation of the peso.

OPPOSITION REACTION

Critics accuse Milei of ‘compromising sovereignty’ with Trump

16-10-2025 17:50 Jorge Taiana, top Fuerza Patria candidate in Buenos Aires Province, accuses Milei government of compromising A"Argentine sovereignty in the medium and long term."

This handout picture released by the Israeli army shows released Israeli hostage David Cunio, one of the former captives in Gaza since the 2023 October 7 attacks by Palestinian militants, after being handed over in a prisoner-hostage swap and a ceasefire deal between Israel and Hamas in Israel on October 13, 2025.

CONFLICT IN MIDDLE EAST

Joy as last remaining Israel-Argentine hostages released by Hamas

16-10-2025 16:06 Twenty living hostages, including three Argentine-Israelis, were released by Hamas on Monday after more than two years in captivity in Gaza, but some victims and family members are still voicing their anger.

US President Donald Trump and some of his top officials welcome Argentina's President Javoer Milei and his team to the White House.

BILATERAL TRADE TALKS

‘Very soon’ – Argentina’s ambassador to Washington on US trade deal

16-10-2025 15:12 Alec Oxenford confirms trade agreement between Argentina and the United States; Milei’s envoy says “significant” accord is “culmination of months of intense diplomatic effort” and could be announced “very soon.”

INVESTMENT PROMISE?

OpenAI inks 'intent' but holds back cash for Sur Energy's AI data centre plan in Patagonia

16-10-2025 10:28 Milei’s government announces joint venture with OpenAI and Sur Energy for US$25-billion investment in artificial intelligence, though OpenAI doesn’t plan to spend a single peso.

Economy Minister Luis Caputo and Central Bank Governor Santiago Bausili.

POLITICS & ECONOMY

US$20bn currency swap could be agreed before midterms, says Bausili

16-10-2025 01:31 Economy Minister Luis Caputo and Central Bank chief Santiago Bausili say landmark currency swap deal with Trump administration could be sealed before the October 26 midterms

by Santiago del Carril

MARKETS

Argentine assets swing on reports Bessent lining up more aid

15-10-2025 22:19 Markets react to news that US Treasury Secretary Scott Bessent is working on an additional US$20-billion facility from the private sector that would complement a currency swap line of similar size.

US BAILOUT OF ARGENTINA

Summers ‘nervous’ about Bessent’s novel rescue for Argentina

15-10-2025 22:08 Former US Treasury secretary Lawrence Summers is "withholding judgment" on Donald Trump administration’s rescue plan for Argentina.

FINANCIAL ASSISTANCE

Bessent: US working on new US$20-billion private-sector 'facility' for Argentina

15-10-2025 14:48 US Treasury Secretary Scott Bessent says he is working with private sector on another US$20-billion "facility" to support Argentina, bringing Washington's total promised assistance to US$40 billion.

Serena Luciano; Javier Milei and Donald Trump.

FREEDOM OF SPEECH?

United States revokes Argentine’s visa for ‘celebrating’ Charlie Kirk’s murder

15-10-2025 14:17 Washington clamps down on free speech, revoking visas of six foreign nationals who celebrated the assassination of right-wing activist Charlie Kirk; Among them, Argentine national Serena Luciano.

US President Donald Trump greets Argentina's President Javier Milei as he arrives at the West Wing of the White House on October 14, 2025 in Washington, DC.

POLITICS & ECONOMY

Trump says ‘we’re gone’ if Milei loses vote, rattling market

14-10-2025 22:17 Donald Trump suggests US$20-billion lifeline for Argentina could be contingent on Javier Milei’s success in midterm elections, sending fresh jitters through currency market.

US President Donald Trump and President Javier Milei in the Oval Office of the White House.

WHITE HOUSE TALKS

'If he loses, we are not going to be generous' – Trump says support is conditional

14-10-2025 22:09 "The situation is very clear: if the country strays from the path of freedom and returns to populism, the United States will stop supporting our country," warns President Milei in social media post.

US President Donald Trump speaks during a meeting with President of Argentina Javier Milei in the Cabinet Room at the White House on October 14, 2025 in Washington, DC.

GEOPOLITICS & DIPLOMACY

Trump says he’d be ‘very upset’ by Chinese military in Argentina

14-10-2025 21:58 Trump’s comments about Chinese activity in Argentina come as President Javier Milei visits the White House.

Argentina President Javier Milei speaks during a meeting with US President Donald Trump in the Cabinet Room at the White House on October 14, 2025 in Washington, DC.

US-ARGENTINA SUPPORT

Caputo says US Treasury will continue to support peso

14-10-2025 21:54 US Treasury is still finalising details of the swap line, but a decision to make it available to Argentina has already been made, Caputo told reporters in Washington.

US President Donald Trump and President of Argentina Javier Milei hold a meeting in the Cabinet Room at the White House on October 14, 2025 in Washington DC.

MILEI AT WHITE HOUSE

US President says he’ll discuss trade deal with Milei, defends lifeline

14-10-2025 16:04 US President Donald Trump says he will discuss a potential free-trade agreement with Argentina during White House talks with President Javier Milei.

US-ARGENTINA RELATIONS

Milei at White House: Trump says US help is dependent on win in midterms

14-10-2025 15:21 Argentina's president makes long-desired visit to White House, but US President Trump says Washington's help is dependent on who wins elections.

YPF CEO Horacio Marín and Eni CEO Claudio Descalzi.

ENERGY & GAS

YPF chief projects US$300bn in exports from LNG deal with Italy’s Eni

14-10-2025 14:01 CEO Horacio Marín talks up recent agreement with Italian energy company, saying it could create 50,000 jobs; Deal to export liquefied natural gas (LNG) from Vaca Muerta will represent “biggest investment in Argentine history," claims President Milei.

US President Donald Trump shakes hands with Argentina’s President Javier Milei during a bilateral meeting on the sidelines of the 80th session of the UN’s General Assembly (UNGA) at the United Nations headquarters on September 23, 2025 in New York City.

MILEI HEADS TO WASHINGTON

Trump bets on Argentina again after first-term bailout blew up

14-10-2025 11:26 Analysts say that while another US lifeline may not turn around Milei’s fortunes, it could at least help stop the erosion of his support among voters who are weary of austerity and still waiting for a bounce-back in jobs, wages and growth.

POLITICS & ECONOMY

Great expectations as Milei jets to Washington for Trump meeting

13-10-2025 22:39 President Javier Milei travels to Washington to meet Donald Trump with markets anticipating announcements and progress towards a trade deal.

Israeli soldiers and medics accompany Ariel Cunio, formerly held hostage in Gaza since October 2023 by Palestinian militants, upon his arrival at the Sheba Tel-HaShomer Medical Centre in Ramat Gan on October 13, 2025,

CONFLICT IN MIDDLE EAST

Hamas frees living Israeli hostages from Gaza, Argentines among them

13-10-2025 21:10 Twenty living hostages, including three Argentine-Israelis, released on Monday after more than two years in captivity in Gaza.

President Javier Milei at the CPAC forum in Mar-a-Lago.

US-ARGENTINA RELATIONS

Milei heads to White House for political, economic lifeline

13-10-2025 17:17 Argentina's president is banking on a high-profile show of political and economic support from his US ally President Donald Trump ahead of key midterm elections.

GEOPOLITICAL ROW

China accuses US of bullying after Bessent’s Argentina comments

12-10-2025 09:05 Beijing's Embassy in Buenos Aires accuses Washington of Cold War-era intervention in Latin America after US Treasury Secretary Scott Bessent suggests President Milei is “committed to getting China out.”

Sam Altman, chief executive officer of OpenAI.

Analysis

Investment or political marketing? Analysing OpenAI’s Argentina announcement

11-10-2025 09:36 Announcement by President Javier Mileil’s government of plans to create a mega AI data centre in Patagonia raises questions about its feasibility and geopolitical aims.

Editorial

The jaws of defeat

11-10-2025 06:00 The biggest unknown in these midterms is surely how many citizens are going to turn out to vote in the first place.

POLITICS & CORRUPTION

Espert for President!

11-10-2025 06:00 José Luis Espert’s fall from grace was dramatic, portentous. In just a few weeks, he went from one of the pillars of Javier Milei’s government to a political outcast.

by Agustino Fontevecchia

President Javier Milei shouts into a microphone.

The Week in Review

Stories that caught our eye: October 3 to 10

10-10-2025 18:24 A selection of the stories that caught our eye over the last seven days in Argentina.

As I see it

Two years after the pogrom

10-10-2025 16:27 Peace would have come to Gaza long ago if Hamas had returned the hundreds of hostages it seized on October 7.

by James Neilson

Handout picture released by the Presidency shows President Javier Milei posing for a photo with Benjamin Schwartz, OpenAI Managing Head of Infrastructure Policy and Partnerships; Demian Reidel, president of Nucleoeléctrica Argentina SA; Christopher Lehane, OpenAI Chief Global Affairs Officer; Ivy Lau-Schindewolf, OpenAI Head of International Policy & Partnerships.

TECH & INVESTMENT

OpenAI, Sur Energy to build massive AI data centre in Patagonia

10-10-2025 16:07 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.

US-ARGENTINA BAILOUT

Santander plays key role as US buys Argentine peso to back Milei

10-10-2025 13:48 When US Treasury Secretary Scott Bessent decided to buy Argentine pesos, it didn’t turn to a US bank.

US REACTION

Warren asks hedge fund group if it played Argentina bailout role

10-10-2025 13:44 Democratic US Senator Elizabeth Warren seeks information from hedge funds and asset managers over Washington's bailout of Argentina.

ANALYSIS

Bessent’s big gamble on Argentina has a narrow road to pay off

10-10-2025 10:01 For Scott Bessent’s US$20-billion bet on Argentina to pay off, a lot of things have to go right.

Argentina's President Javier Milei gestures during the launch of his new book at the Movistar Arena in Buenos Aires on October 6, 2025.

WASHINGTON'S RESCUE PACKAGE

United States buys pesos, confirms US$20-billion lifeline for Milei

09-10-2025 18:26 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.”

NUCLEAR SECTOR

Nucleoeléctrica sell-off: Discontent in nuclear sector over Milei’s ‘geopolitical’ turn

09-10-2025 18:15 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.

by Cecilia Degl'Innocenti

Pope Leo XIV (C) celebrates the Jubilee Mass for the Missionary World and Migrants at St Peter's Square in The Vatican on October 5, 2025.

CATHOLIC CHURCH

Pope Leo highlights poor and marginalised in first-ever text

09-10-2025 18:06 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 Treasury Secretary Scott Bessent and Argentina's Economy Minister Luis Caputo

US SUPPORT FOR MILEI

Washington launches financial rescue, US Treasury buys pesos

09-10-2025 17:34 Trump and Bessent make bet on Argentina; Washington has finalised US$20-billion currency swap, with United States directly purchasing pesos.

ESPERT-MACHADO SCANDAL

US report on Machado funds poses uncomfortable questions for Bullrich

09-10-2025 01:05 US government report by Homeland Security indicates that Machado had already been linked to drug-trafficking and money-laundering in 2021.

Members of the Texas National Guard at the Elwood Army Reserve Training Center in Elwood, Illinois.

TRUMP IMPACTS SELECCIÓN

Argentina match moved from Chicago amid Trump immigration stand-off

08-10-2025 22:54 Football match between Argentina and Puerto Rico is being relocated to Florida from Chicago, a day after the Texas National Guard arrived in the third-largest US city.

Kristalina Georgieva at Milken Institute

INTERNATIONAL MONETARY FUND

IMF chief: Public support is crucial for Milei’s reform push

08-10-2025 18:07 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.

José Luis Espert and Federico Andrés 'Fred' Machado.

POLITICS & CORRUPTION

Espert and Machado’s murky history

08-10-2025 12:27 How the government’s main candidate in Buenos Aires Province became tainted by campaign contributions of dubious origin.

by Rodis Recalt

POLITICS

Argentina's presidential planes cited in Machado investigation case file

07-10-2025 18:38 In the same US court document that details the US$ 200,000-payment made by Federico 'Fred' Machado to José Luis Espert, there is a transaction mentioning official Argentine aircraft Tango 01 and Tango 04.

POLITICS

Espert not the only LLA candidate with alleged narco links

07-10-2025 18:04 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.

by Pablo Varela