News of global

World economy seen withstanding virus better than forecast

16-09-2020 15:35 OECD upgrades the global outlook, but makes huge downward revisions to a number of emerging markets. India, Argentina, Mexico and South Africa will suffer more than predicted in June, it says.

Global warming

UN report: Increased warming closing in on agreed upon limit

09-09-2020 08:37 A hotter world is getting closer to passing a temperature limit set by global leaders five years ago and may exceed it in the next decade or so, according to a new United Nations report released on Wednesday.

DEBT RESTRUCTURING

Argentina exits default after US$65-billion debt deal

07-09-2020 21:53 Nation officially emerges from its ninth default after Standard & Poor's Global raised its credit rating following the restructuring of US$65 billion of overseas debt.

NUCLEAR WATCHDOG

Iran allows UN access to alleged nuclear sites

26-08-2020 14:53 Iran agreed Wednesday to allow a United Nations watchdog the access it has requested to two alleged nuclear sites, as the head of the agency ended his first visit to Tehran.

NUCLEAR WATCHDOG

Iran pledges to expand nuclear cooperation after IAEA rebuke

25-08-2020 13:20 Iran vows to expand its cooperation with UN nuclear watchdog, weeks after being rebuked by the body for failing to provide access to two sites suspected of hosting past nuclear activity.

G20 MEET

Argentina asks for help as Saudi hosts G20 virtual talks on virus recovery, debt crisis

18-07-2020 07:00 Foreign Minister Felipe Solá says he will urge the G20 to set up a global "solidarity-based fund" to address the increase in poverty in virus-battered countries.

CLIMATE CHANGE

UN: World could hit 1.5-degree warming threshold by 2024

12-07-2020 16:32 The world could see average global temperatures 1.5 degrees Celsius (2.7 Fahrenheit) above the pre-industrial average for the first time in the coming five years, U.N. weather agency warns.

CORONAVIRUS PANDEMIC

As virus cases surge, Brazil starts to worry its neighbours

02-05-2020 10:21 Local Argentine officials say they are particularly worried about truck traffic from Brazil, their top trading partner.

RUGBY

Beaumont v Pichot as World Rugby chairman election kicks off

28-04-2020 18:13 Voting for World Rugby's next chairman opened Monday, with incumbent 68-year-old former England captain Bill Beaumont facing competition from ex-Pumas skipper Agustín Pichot.

Bloomberg - Long read

Trump’s oil deal: the inside story of how a price war ended

13-04-2020 16:13 After a week-long marathon of calls between world leaders and video conferences featuring dozens of energy ministers, this is how the 2020 oil price war was finally ended.

THE GLOBAL PANDEMIC

We don’t have what it takes to face this economic crisis

11-04-2020 08:18 It is difficult to envision how Argentina, the region and the world will come out of this mess unless a generalised, global set of solutions is put on the table.

by Agustino Fontevecchia

Coronavirus Pandemic

Government advisor on Covid-19 warns against breaking quarantine

10-04-2020 21:09 “We have gotten through the first phase relatively well, but it’s super important that we don’t relax and that we comply with the public health measures” says a member of the government task force on the Coronavirus pandemic.

Coronavirus consequences

IMF chief predicts worst economic downturn since Great Depression

09-04-2020 22:32 IMF Managing Director Kristalina Georgieva says it's clear that the global economy has now entered a recession that could be as bad or worse than the 2009 downturn.

Global uncertainty

Extremists see global chaos from virus as an opportunity

03-04-2020 20:15 Both the Islamic State group and al-Qaida see the coronavirus as a threat, but some of their fighters also see the upheaval from the pandemic as an opportunity to win over more supporters and strike harder than before.

Bloomberg

Aluminium among first virus-related output reductions in Argentina

30-03-2020 18:49 Aluar Aluminio Argentino SAIC reduces production at one of its aluminium plants, another sign that global light metal production is slowing down.

Bloomberg

IMF’s new leaders confront biggest test, as global economy reels

26-03-2020 20:22 The International Monetary Fund is facing one of its biggest tests since the body’s creation at the close of World War II, with new leaders charged with keeping the global economy from the abyss.

Coronavirus pandemic

Financial markets in turmoil over fear of virus lockdowns

16-03-2020 10:39 Global stocks fell sharply Monday after central bank moves to shore up economic growth failed to dispel investor's fears over virus controls that are shutting down global business and travel.

BLOOMBERG

New investment: the latest victims of Coronavirus pandemic

12-03-2020 17:48 The fast-spreading coronavirus that has killed thousands, derailed financial markets and shattered global growth expectations could be about to claim another victim: new investment.

Gender equality

Women account for quarter of world's MPs, but progress slowing

08-03-2020 07:00 A quarter of all lawmakers serving in national parliaments worldwide are women, the International Parliamentary Union said Friday, warning though that progress towards gender parity was slowing amid significant "pushback".

VIRUS outbreak

Fed cuts half point in emergency move in reaction to Coronavirus

03-03-2020 14:54 US Federal Reserve announces emergency rate cut, responding to the growing economic risk posed by the coronavirus epidemic and giving President Trump the stimulus he has called for.

VIRUS OUTBREAK

Coronavirus outbreak: Tests in Argentina come back negative

18-02-2020 12:00 Scientists say tests on samples have come back negative. Argentines in Hubei province – the epicentre of the outbreak – ask government for help in leaving China.

Bloomberg

IMF cannot offer Argentina a haircut on loan, Georgieva says

17-02-2020 08:36 IMF chief rules out a haircut, but says her organisation backs Alberto Fernández administration's bid to return country to growth.

Climate Change

Antarctica likely breaks heat record at over 18 degrees Celsius

14-02-2020 12:01 The reading was taken last Thursday at an Argentine research base, but still needs to be verified by the World Meteorological Organization.

CORONAVIRUS OUTBREAK

Coronavirus death toll soars to 1,367 as China changes counting methods

13-02-2020 14:20 The number of deaths and new cases from China's COVID-19 coronavirus outbreak spiked dramatically on February 13 after authorities changed the way they count infections in a move that will likely fuel speculation that the severity of the outbreak has been under-reported.

FOSSIL FUEL

Air pollution global cost estimated at US$2.9 trillion a year

12-02-2020 12:25 Centre for Research on Energy and Clean Air (CREA) and Greenpeace Southeast Asia’s report shows that air pollution caused by fossil fuels cost US$8 billion a day, or roughly 3.3% of the entire world's economic output.

GREEN TRANSITION

The big dirty secret behind wind power

07-02-2020 14:08 Tens of thousands of blades of wind turbines must be replaced each year, and most have nowhere to go, as they can’t be reused. However, the industry is working on a green solution to wind power’s dirty downside.

CORONAVIRUS FATALITIES

Coronavirus: all information we have on fatalities

05-02-2020 13:52 Since China reported the emergence of a new coronavirus in December, the SARS-like disease has infected more than 20,400 people and killed 425. The OMS declared a global health emergency to curb a worldwide plague soon after. Here’s what we know about the deaths.

CORONAVIRUS OUTBREAK

WHO declares global virus emergency after deadly day for China

30-01-2020 18:34 UN health agency declared an international emergency over deadly coronavirus from China, a rarely used designation that could lead to improved international coordination in tackling disease.

CORONAVIRUS

Stock markets retreat as virus death toll surges

30-01-2020 13:08 Coronavirus outbreak in China sparks worldwide concerns as death toll grows; US Federal Reserve Chairman Jerome Powell claims virus poses new risk to global growth.

UN NUCLEAR WATCHDOG

New IAEA chief Rafael Grossi promises 'firm and fair' stance on Iran

02-12-2019 12:32 Incoming head of the United Nations' atomic watchdog agency says he will take a "firm and fair" approach toward inspections of Iran's nuclear facilities, and plans to visit Tehran in the near future.

NUCLEAR WATCHDOG

Rafael Grossi takes charge of UN nuclear body

02-12-2019 07:43 Argentine diplomat will be confirmed as the new director general of the UN's nuclear watchdog the International Atomic Energy Agency (IAEA) on Monday, with the growing crisis over Iran's nuclear programme at the top of his in-tray.

Bloomberg

Troubled times in Latin America fail to dull Brazil's sheen

06-11-2019 13:56 For all its political woes and still-stale economy, Brazil is standing out to investors as an unlikely island of stability as trouble brews across Latin America.

FOREIGN POLICY

Alberto Fernández: What can we can expect on foreign policy

04-11-2019 09:40 President-elect – who visits Mexico this week – is preparing his foreign policy approach. But will it echo that of Kirchnerismo, or forge a distinct new path?

IAEA

IAEA Explainer: What is the International Atomic Energy Agency?

30-10-2019 11:43 Argentina's Rafael Mariano Grossi will lead the global agency tasked with steering the Iran nuclear deal.

Mines in the Malvinas

Meet the Zimbabweans who remove mines on the Malvinas

30-10-2019 07:00 Years after mines were planted on the Malvinas (Falkland) Islands, Zimbabwean experts are working to safely extract the explosives and keep the local population safe.

BLOOMBERG

Markets: Here’s what to watch after Argentines vote on Sunday

24-10-2019 13:34 With frontrunner Alberto Fernández in pole position, the question is how much support the new government will get in Congress and how conciliatory he may prove to market-friendly incumbent Mauricio Macri.

Bloomberg

On the streets, new IMF is getting same pushback as old one

21-10-2019 13:07 Despite attempts to change its image, the IMF remains controversial in many countries that borrow from it.

GUEST COLUMN

Anger and environmental idealism

19-10-2019 08:30 The thrust of our political, economic and environmental systems must be urgently changed because their divergence is catastrophic.

by Ricardo Lorenzetti

World

WhatsApp tax sparks protests in Lebanon

18-10-2019 15:28 In the midst of a massive economic downturn, the government imposed taxes on the free messaging service. Widespread outcry ultimately compelled the government to reverse its policy within hours, but protests have yet to cease.

BLOOMBERG

Is the world economy sliding into first recession since 2009?

15-10-2019 09:11 The global economy is wobbling and whether it topples over is the big question in financial markets, executive suites and the corridors of power.

BLOOMBERG OPINION

The massive cost of not adapting to climate change

13-09-2019 12:11 The world must invest $1.8 trillion by 2030 to prepare for the effects of global warming. A new report said the payoff could be four times that.

CLIMATE CHANGE

Climate activists call for action in Latin America

27-05-2019 15:43 Climate change activists in Latin America rallied for action on global warming this weekend, heeding a call by Swedish teenager Greta Thunberg to hold demonstrations across the world.