News of world economy

Trump warns business leaders: produce in US or pay tariffs

23-01-2025 23:52 US president issues blunt warning to global elites, stating that products should be made in the United States or they will face rising tariffs.

ECONOMIC ANALYSIS

Dollar, IMF, tariffs – how Trump’s measures will impact Argentina

23-01-2025 00:35 US President’s protectionist policies clash with the free-market creed of President Javier Milei’s government. Argentina’s quest for support with the IMF, the negative effects of the "super dollar" and uncertainty as to the commercial dynamics.

by Martín Fernández Nadale

WORLD ECONOMIC FORuM

Milei praises Trump at Davos, but seeks deeper ties with China

22-01-2025 16:37 President indicates he has shifted stance on China, describing the nation as a "great trade partner," and showers praise on US President Donald Trump.

FOREIGN RELATIONS

Milei would leave Mercosur if needed for US-Argentina deal

22-01-2025 15:09 President Javier Milei says he would leave Mercosur if necessary to cement a free-trade agreement with the United States.

BLOOMBERG - ANALYSIS

Milei back in Davos after racking up victories in Argentina

21-01-2025 09:39 Argentina's president has achieved what few considered possible just a year ago. Will he be able to overcome even bigger challenges in 2025?

ECONOMIC OUTLOOK

World Bank forecasts 5% growth for Argentina in 2025

17-01-2025 09:52 After two years of recession, President Javier Milei’s government will see approximately five percent in GDP this year, followed by a further 4.7 percent in 2026, predicts World Bank.

TRUMP'S INAUGURATION

Milei to join far-right leaders, tech moguls at Trump's inauguration

16-01-2025 19:23 Along with the president's usual travelling crew, one unexpected Argentine will also be in attendance: San Juan Province Governor Marcelo Orrego.

International Summit

Trump to make 'digital' appearance at Davos meeting

14-01-2025 17:30 US president-elect will "digitally" join world leaders at the annual World Economic Forum; President Javier Milei will also address global elite at summit.

Hidrovía Paraná-Paraguay

Paraná-Paraguay waterway a focal point for global security policy

10-01-2025 13:44 Ongoing tussle involving major dredging companies seeking to participate in Milei government's tender. Hidrovía Paraná-Paraguay is a naval highway for the trafficking of illicit drugs to the rest of the world.

GLOBAL LITHIUM TRADE

Stubbornly resilient lithium supply remains hurdle to recovery

08-01-2025 10:06 Lithium prices have plunged since late 2022 on oversupply and slower-than-expected growth in electric vehicle demand. Analysts see a surplus this year, although they forecast it will be smaller than in 2024.

Foreign policy & diplomacy

Criticism as Italy fast-tracks citizenship for President, Karina Milei

14-12-2024 08:24 President Javier Milei, in Italy on an overseas visit, and his sister Karina Milei have been granted fast-tracked citizenship by the Italian government, sparking anger among government critics.

AGRICULTURE & ECONOMY

Argentina seeks its first wheat shipments to China in decades

30-11-2024 09:14 Argentina wheat traders are seeking to close their first significant sales to China since the 1990s, according to the head of the country’s top crop-exporting group.

FOREIGN POLICY & DIPLOMACY

Milei voices dissent as Argentina rejects parts of G20 draft final declaration

18-11-2024 18:35 President Javier Milei issues a statement voicing harsh criticism of G20 and dissent with parts of G20 summit’s final communiqué.

G20 SUMMIT IN BRAZIL

Argentina snubs G20 summit launch of Brazil's global anti-hunger alliance

18-11-2024 11:05 Argentina the only G20 country not to sign up to a global anti-hunger initiative set to be launched at the opening of leaders summit in Brazil.

Foreign relations & diplomacy

Milei’s meeting with Xi signals he’s come full circle on China

17-11-2024 08:44 President Javier Milei is preparing for his first sit-down with Xi Jinping, despite once scoffing that he’d never cut deals with communists.

UNITED STATES POLITICS

'First Buddy': Musk takes unusual star role with Trump

13-11-2024 23:09 Elon Musk became a key ally to Donald Trump during his presidential campaign, reportedly spending over US$100 million to help the Republican win.

ECONOMIC OUTLOOK

Argentina in ‘transition’ to growth, says top World Bank official

12-11-2024 22:21 Top World Bank official William Mahoney praises advances by President Javier Milei's government and says Argentina is "in transition" towards the recovery of growth.

ECONOMIC REPERCUSSIONS

Dollars, IMF, cepo – Economy Ministry’s expectations after Trump triumph

06-11-2024 23:59 The government is betting on ideological overlap between Milei and Trump helping Argentina to obtain the financing required to face the need for dollars.

by Ezequiel Orlando

ECONOMIC OUTLOOK

IMF casts doubt over Milei administration’s inflation estimate

22-10-2024 12:38 The International Monetary Fund estimates Argentina’s inflation rate in 2025 will hit 45%, a significant variation from the 18% projected by Javier Milei’s government in its budget bill.

International Monetary Fund

IMF moves to ease billions in penalty fees for biggest borrowers

12-10-2024 13:52 International Monetary Fund reduces borrowing costs for some of the world’s most indebted nations, slashing so-called 'surcharges' in a move that will benefit Argentina, among other nations.

OPINION & ANALYSIS

How economic and strategic alliances are changing in a multipolar world

12-10-2024 06:23 A guide to the new fault lines of geopolitics — from BRICS versus the G7 to Lula and Milei’s ideological rivalry in Latin America.

INTERVIEW

Latin America’s fiscal policies risk inflation, World Bank says

09-10-2024 18:25 Fiscal imbalances could threaten Latin America’s success in taming inflation, warns top World Bank economist.

ECONOMIC OUTLOOK

World Bank highlights falling inflation but warns of economic decline

09-10-2024 17:23 Latest report forecasts 3.5% contraction for Argentina's economy, but says GDP will soar by 5% in 2025.

Economy and U.S

Biden says prolonged US port strike would be ‘man-made disaster’

03-10-2024 11:14 UF President Joe Biden pressures US port employers and shipping lines to restart talks with striking dock workers.

FOREIGN POLICY & DIPLOMACY

Milei to meet Macron in Paris during packed European tour

30-05-2024 17:44 Argentine leader's packed European tour in mid-June will also include a bilateral meeting with French President Emmanuel Macron in Paris.

MILEI & THE NEW RIGHT

‘Rockstar’ Milei just loves to travel

25-05-2024 06:52 For the frenetic Milei, there is no time to waste … as long as his public image remains shielded from the vicissitudes of day-to-day life, then the show must go on.

by Agustino Fontevecchia

CHINA-LATIN AMERICA

China’s US$8.5 billion in steel spurs Latin America toward tariffs

21-05-2024 14:48 One after another, Latin American nations are following in the footsteps of the United States and Europe by imposing prohibitive tariffs on Chinese imports — a strain in what’s been an otherwise cozy relationship.

DIPLOMATIC ROW

Milei visit to far-right rally prompts harsh Spanish rebuke

20-05-2024 09:24 Spain’s Socialist government demands an apology from President Javier Milei, saying the libertarian leader’s comments at a far-right rally in Madrid have badly damaged relations.

ECONOMIC OUTLOOK

IMF ups global growth forecast but signals medium-term pessimism

16-04-2024 13:25 International Monetary Fund slightly raises outlook for global growth this year to 3.2%; Multilateral lenders reiterates forecast that Argentina's GDP will fall by 2.8% and that inflation in 2024 will be 150%.

Bloomberg

Tech giant with 30,000 employees has no return-to-office policy

12-04-2024 14:17 Software company Globant SA’s sleek office in downtown Buenos Aires are quite the attraction, but Chief Executive Officer Martin Migoya is choosing not to adopt a return-to-office policy for his nearly 30,000 employees across 33 countries.

MUTUAL APPRECIATION SOCIETY

President Milei to meet Elon Musk at Tesla factory in Texas

09-04-2024 12:59 After months of online flattery and praise, Argentina’s self-proclaimed “anarcho-capitalist” head of state will finally meet billionaire businessman Elon Musk in-person at Tesla’s factory in Austin, Texas.

TAX-EVASION SCANDAL

'Panama Papers' trial to begin eight years after tax scandal

08-04-2024 09:20 Twenty-seven people in the dock for money-laundering as the "Panama Papers" case reaches trial, eight years after scandal first broke out.

International Monetary Fund

IMF chief Georgieva sole candidate in re-election process

04-04-2024 16:29 IMF Manging Director Kristalina Georgieva poised for a second term as nominations close.

MERCOSUR TRADE DEALS

EFTA euro nations eye Mercosur deal before year-end

22-03-2024 15:00 Parliamentary representatives from European Free Trade Association (Iceland, Liechtenstein, Norway, Switzerland) stop in Buenos Aires as part of regional tour focusing on efforts to secure free-trade deal with the Mercosur bloc.

by James Grainger

LENDING BOOM

IMF is lending near-record US$150-billion to counter debt and wars

19-03-2024 13:09 The International Monetary Fund is lending around US$151 billion to almost 100 countries, evidence of its growing role as a backstop against the financial and political dangers of the post-pandemic world.

AGRICULTURE & ECONOMY

US green fuel push threatens Argentina’s main export market

14-03-2024 15:56 Biden administration’s landmark decarbonisation plan has the potential to cause tectonic shifts in global agricultural markets – and deal a damaging blow to Argentina’s troubled economy.

FOREIGN POLICY & DIPLOMACY

Blinken arrives in Argentina for meeting with President Milei

23-02-2024 10:33 US Secretary of State Antony Blinken arrives in Buenos Aires ahead of a meeting with President Javier Milei.

EUROPEAN POLITICS

Far right could exploit EU's economic slump to win big in June vote

13-02-2024 11:46 Soaring food costs, economic stagnation and deteriorating living standards risk pushing voters into the far right's arms in European elections later this year.

El Salvador Elections

El Salvador's Bukele claims 'record' re-election victory

05-02-2024 11:30 Fireworks erupted in El Salvador's capital Sunday as President Nayib Bukele claimed to have won more than 85 percent of the presidential vote.

ECONOMIC OUTLOOK

IMF cuts Argentina 2024 growth forecast, forecasts 2.8% contraction

30-01-2024 15:55 Multilateral lender warns that inflation is expected to increase in the short term, projecting growth of minus 2.8 percent this year and plus five percent in 2025.

BLOOMBERG - OPINION

JP Spinetto: Milei’s unapologetic defence of capitalism missed a key point

20-01-2024 08:48 What masters of the universe in Davos most wanted and needed to hear were his concrete plans to take Argentina out of its chronic malaise. They were left wanting.

WORLD ECONOMIC FORUM

‘The West is in danger’ – Milei makes explosive debut on international scene

17-01-2024 11:59 Argentina’s president delivers speech straight from the campaign trail at Davos summit, criticising Western leaders for adopting “variants of collectivism” and turning their backs on the market; “The state is not the solution, the state is the problem," he declares.

Davos forum

Argentina's 'anarcho-capitalist' president descends on Davos

17-01-2024 09:58 President Javier Milei will address the global elite in Davos on Wednesday

IMF DEBT PROGRAMME

President to meet Georgieva in Davos after winning IMF support

16-01-2024 09:09 President Javier Milei will meet International Monetary Fund Managing Director Kristalina Georgieva on Wednesday at the World Economic Forum in Davos, Switzerland.

ECONOMIC OUTLOOK

World Bank forecasts 2.7% growth for Argentina in 2024

09-01-2024 16:46 Argentina’s economy likely contracted 2.5% last year, but will record growth of 2.7% in the coming 12 months, forecasts World Bank, which warns of “economic uncertainty” and continuing inflation.

DIPLOMACY & FOREIGN POLICY

Davos guest-list confirmed with Milei, Blinken, Israeli president set to attend

09-01-2024 12:02 US Secretary of State Antony Blinken, Israeli President Isaac Herzog, French President Emmanuel Macron, Chinese Premier Li Qiang and Middle East leaders will also attend the event in Davos next week, as well as France

WINE PRODUCTION

Global wine production hits lowest level since 1961

07-11-2023 12:41 Global wine production falls to its lowest level in six decades due to frost and droughts; Argentine wine production reached only 8.8 million hectolitres – a slump of 23 percent and one of the lowest volumes ever recorded in recent history.

ECONOMIC OUTLOOK

World Bank sceptical over Milei’s dollarisation plans

05-10-2023 00:45 Argentina’s economy is set to contract 2.5% in 2023, according to the World Bank.

ECONOMIC OUTLOOK

World Bank sees Latin America lagging rest of the world — again

04-10-2023 18:43 Latin America is once again on track to grow more slowly than the rest of the world, with the regional economy set to underperform those of South Asia and even war-battered Eastern Europe this year, according to a new World Bank report.