A former U.S. ambassador, an Iran expert, a Libya expert, and a former U.K. Conservative Party advisor weigh in. Delivered Friday. 2003 September - After weeks of negotiations Argentina and IMF agree on debt-refinancing deal under which Buenos Aires will only pay interest on its loans. LIFESTYLE | 20 May Record inflation: Five ways Argentines try to cope Latin America & Caribbean 17 May Record dengue outbreak kills over 40 in Argentina Latin America & Caribbean 22 Apr Business Daily. Argentina's economy is expected to grow 8 percent in 2011, making it the fastest growing country in Latin America. Shopping | Join FPs Ravi Agrawal for a discussion with experts on both sides of the Atlantic: Cindy Yu, an assistant editor of the Spectator and host of its podcast Chinese Whispers; and James Palmer, author of FPs weekly China Brief newsletter. If there is no support for businesses, the truth is that I cannot imagine an economy eternally totally subsidized by the state, Giarrizzo said. A pope from Latin America brings to Rome an attunement to the nature of poverty. Argentina has crossed a line by making a deal with Iran to jointly investigate a 1994 terrorist attack against the AMIA Jewish community center, which according to Argentine prosecutors and Interpol was masterminded by top Iranian officials, One of the biggest questions about Pope Francis is whether he will be a politically activist pontiff who - much as he has done in Argentina - will be a thorn in the side of leftist-populist governments throughout Latin America. Argentina and Uruguay may be tapped by FIFA to co-host the 2030 World Cup in celebration of the FIFA tournament's centenary, One year after Argentina's nationalization of YPF, the country's biggest oil company, our forecasts have come true: the firm's energy production is falling, its debt is rising, and its board has just awarded itself a generous raise, As Argentine-born Pope Francis nears his first 100 days in office, there is little question that he has brought about a change in style at the Vatican with his daily gestures of humility. STOCKS | How a battle over mineral resources in Argentina could determine the fight against global. What may be next for Target and others caught in the anti-Pride backlash, This lithium stock is up 30% after hiking guidance, Going abroad? 2015 January - Prominent prosecutor Alberto Nisman is found dead in mysterious circumstances, after accusing the government of a cover-up over the country's worst terrorist attack - the 1994 bombing of a Jewish community centre in Buenos Aires that left 85 people dead. The BBC is not responsible for the content of external sites. Read about our approach to external linking. What a difference with what is happening in many other Latin American countries. The big question is whether they aren't too optimistic, Latin America is one of the world's regions where corporations and the wealthy donate the least. But, just as important, countries in Latin America should be spending more of their energies into updating their Internet technologies, What's most interesting about the World Bank and International Monetary Fund economic projections is not that they forecast a slower-than-expected growth in Latin America for 2014 - we already knew that - but that they foresee a rebound in 2015 and 2016, Some of the best-known international institutions have just released their economic forecasts for Latin America in 2014, and most of them agree that this will be a better year than 2013 in the region. Delivered Wednesday. Weekly update on developments in India and its neighbors. The Barcelona forward beat Real Madrid's Cristiano Ronaldo and teammate Andres Iniesta, In most Latin American countries, companies complain about the shortage of well-trained engineers. Country Description Argentina's cultural and culinary traditions, natural beauty, and diversity, as well as its business opportunities, attract several hundred thousand U.S. citizen visitors each . Benelux | VideoA rare insight into Hitler's private life, Why the city that never sleeps is slowly sinking. All the closures, which were initially really extreme, generated serious economic damage, said Victoria Giarrizzo, the director of the Center for Regional and Experimental Economics. Join in-depth conversations and interact with foreign-policy experts with. But what struck me the most during a visit here was that very few -- including those in the government -- seem to care about it. Things are not going well for Argentine President Cristina Fernandez de Kirchner. They could have learned why South Korea has done so much better than their own nations. In December 2011, a spokesman for President Fernndez announced that she had thyroid cancer and would undergo surgery on January 4. Are things really going that bad? Keri Russell gets Drexel furniture but no Senate confirmation hearing. Evening roundup with our editors favorite stories of the day. Date: Fall 1947. Argentinas Economy Crumbles as Buenos Aires Lockdown Continues, Raw GDP doesnt bring home the scale of the pain. 2017 October - Mr Macri's coalition wins decisively in a parliamentary election seen as a referendum on his market reform policies. We've got you covered with our map collection. Check ourencyclopedia for a gloss on thousands of topics from biographies to the table of elements. But are the U.N. figures about Latin America as great as they sound? 1861 - State of Buenos Aires finally reintegrated with Argentine Confederation to form a united country. 1982 April - Argentine forces occupy the British Falkland Islands, over which Argentina has long claimed sovereignty. The government has tried to stop companies from laying off workersand seems to have succeededbut the serious problem that Argentina has at the moment is the closure of companies, Navarro explained. The international help was not enough, however, and by the end of 2001, Argentina was on the verge of economic collapse. Two months later, the Senate unanimously passed a law allowing people to alter their gender on official documents without psychiatric diagnosis or surgery. In the rest of the country, with the exception of Jujuy province and some areas in other provinces, the situation seems to be improving. Get this delivered to your inbox, and more info about our products and services. President Dilma Rousseff of Brazil was treated for lymphoma in 2009. After Bolivia, Paraguay, and Uruguay went their separate ways, the area that remained became Argentina. At first the industries were closed, then the businesses were closed, and in the end there were many people who were left without work, she added, referring mainly to the small businesses that had to close down and to the independent and informal workers. ? October. One-stop digest of politics, economics, and culture. Prosecutor Viviana Fein began an investigation into Nisman's death to determine if it was a suicide, a forced suicide, or murder. One leading figures is Colonel Juan Peron. Country Notes: Argentina On March 20, with 128 active cases in the country and just three deaths, the Argentine government imposed one of the strictest quarantines the region has ever seen. A week after Nisman's death, President Fernndez announced her plan to replace Argentina's secret security service with a brand new agency, one that would be managed and controlled by the General Prosecutor's office. Economics Learn about one of the world's oldest and most popular religions. In Argentina, you could feel the relentless slide towards catastrophe, Latin America should take a close look at the latest U.S. technological innovation figures: They show that, despite signs of progress in several countries, the gap between Asian and Latin American countries keeps widening, Brazilian soccer great Pele stated Argentine and Barcelona striker Lionel Messi is miles away to equaling his legendary feats, Iran and Latin America have been fostering closer relationships for more than a decade, working towards building cohesive diplomatic relations and strengthening economic agreements, Argentine President, Cristina Fernandez de Kirchner should be applauded for her recent increase in the funding of Argentina's Conditional Cash Transfer (CCT) program, Prosperity, security, and a lowered level of poverty generally accompany economic growth; however, Brazil's economy, though growing rapidly, is experiencing record inflation and an appreciating currency. Kirchner vowed to aggressively reform the courts, police, and armed services and to prosecute perpetrators of the dirty war. Want to read more on this topic or region? This situation seemed promising compared with other countries in the region. One month after the introduction of the quarantine, Argentina had 3,031 infections and 142 deaths, and for a country of more than 40 million people, these figures were very encouraging. Beyond Argentinas initial success, this scenario didnt last. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Public and private medical practitioners are now required to give free hormone therapy and gender reassignment surgery to all transgenders who desire it, including anyone under the age of 18. Events in the year 2021 in Argentina . China | This one was an exception. 1999 - Fernando de la Rua of the centre-left Alianza opposition coalition wins the presidency, inherits 114 billion-dollar public debt after a year of recession. Argentina has vast natural resources in energy and agriculture. The Uruguayan Football Association celebrated the arrival of 67-year-old Bielsa with a video and a series of memes mimicking the Argentine's renown as a great tactitian. Got a confidential news tip? 23 Mar 2023 From: People & Power Argentina's 'white gold': Will its lithium boom end badly? Is Tellis right? Clearly what mattered most to voters was a booming economy. 1943 - Nationalist army officers seize power in protest at stagnation and electoral fraud. Moscows arms exports have fallen to levels not seen since the Soviet Unions collapse. An emergency income was implemented to complement the preexisting subsidies, and although there are leaks and implementation errors were corrected, this system has been relatively effective, said Szewach, referring to the creation of the IFE (emergency family income), which is a payment of 10,000 Argentine pesos (about $141) whose main function has been to alleviate the economic situation of the most affected Argentine families. Click + to receive email alerts when new stories are published on Both countries still claim sovereignty over the Falklands, and Argentina was outraged that it may have to confront the embarrassing fact that England could tap vast deposits of oil so close to its shores. President De la Rua resigns after at least 25 people die in rioting. Since 2007, the poverty rate has been cut by more than half. Low-information communities, such as the people living in Argentinas villas miseria (a local term for slums constructed by the inhabitants themselves)in many cases without access to basic housing and health servicesare also affected by this situation. Economics, Download the new FP mobile app to read anytime, anywhere. Messi mania in Argentina as soccer star mobbed at restaurant President Fernndez was one of several leaders in the region recently diagnosed with cancer. He had been expected to run for president in 2011. Venezuela's Hugo Chvez underwent treatment for an undisclosed type of cancer in 2011. When most. Sra. 1989 - Carlos Menem of the Peronist party is elected president. All Rights Reserved. Learn more about the mythic conflict between the Argives and the Trojans. South America. This is the social question of the moment. In what ways are they reassessing their relationships with the worlds largest economic superpowers? Caesarean by phone light - giving birth in a warzone. An Argentinian court says eight healthcare professionals will stand trial over the death of Diego Maradona in 2020, Flight logs revealed how 12 people were thrown out to their deaths into the Atlantic during the years of dictatorship, Caffarelli, 74, takes top trophy for work on partial differential equations, the first winner from South America, Annual rate of 102.5% is denting purchasing power, savings, economic growth and governments chances in elections next year, Director Phil Blattenberger wears his love for the genre on his sleeve, but this allows him to outrun the films uneven execution and loose plot, Fernando Bez Sosa, son of Paraguayan immigrants, was killed by men who screamed racist slurs as they kicked him to death, SSW phenomenon is linked to polar vortex, an area of low pressure across the North Pole, South American country has seen rise since Ukraine invasion in Russian women arriving to have children and thus gain citizenship, The notable former prosecutor in The Hague talks about the courtroom drama showing the legal takedown of Argentinas bloody military dictatorship, which is tipped for an Oscar, With just 3,000 of the pig-like animals still roaming the Gran Chaco region, a community conservation effort in Argentina is fighting for its future, Original reporting and incisive analysis, direct from the Guardian every The announcement created immediate tension with the European Union and Spain. Join FPs Ravi Agrawal for a discussion with experts on both sides of the Atlantic: Cindy Yu, an assistant editor of the Spectator and host of its podcast Chinese Whispers; and James Palmer, author of FPs weekly China Brief newsletter. Stay updated on the topics you care about with email alerts. 29 May 2023 18:24:43 Want to read more on this topic or region? Here are the world's top 10 spots, Here's what you need to know about the lambda Covid variant, These are the most-searched bucket list travel experiences in the world, IMFs $650 billion currency aid won't save debt-laden countries, economist says, Vaccine diplomacy is here to stay, analysts warn, as Russia and China seek to boost global influence, Here's what it costs to book Disneys new cruises to Antarctica and Galapagos Islands, Argentina passes tax on the super-rich to help pay for Covid response, France reports record daily coronavirus infections as cases surge in Europe, Argentina clinches deal with creditors to restructure $65 billion debt, bonds rise, New luxury cruises are scheduled to sail to Antarctica this year, These international stock markets are set to end the first half in correction territory or worse, Argentina and Turkey could soon lose their emerging markets status, MSCI warns, Already in default, Argentina hits an impasse with creditors over debt restructuring talks, Argentina extends deadline of debt negotiations, may sweeten offer, Argentina extends critical deadline for $65 billion debt talks in bid to avoid default, Argentina says there's a 'big chance' its May 22 deadline will be extended, Already on borrowed time, Argentina is on the brink of its ninth sovereign default, US coronavirus cases top 1 million, lawmakers urge airlines to make face masks mandatory, Argentina bans all commercial flights until September, China says all Wuhan coronavirus patients discharged, Russia cases top 80,000. 1974 - Peron dies in July. How Chile is shaping the global market for lithium, a vital component of EV batteries, How Chile is shaping the global lithium industry, I traveled to Argentina and doubled my money with a 'black market' exchange rate, Argentina and Brazil are discussing plans for a common currency, Prices haven't peaked yet, says CEO of consumer goods powerhouse Unilever, Citi is bearish on lithium in the short term, but gives some stocks big upside, Argentina wins incredible World Cup final in a shootout with France, Argentinas VP Fernndez guilty in $1B fraud, gets 6 years, A couple left the corporate life to drive around the world. Shops and banks closed their doors, as did educational and leisure centers, and the only businesses that were able to remain open were those providing essential services, such as supermarkets and drugstores. Farmers protesting tax increases on export goods went on strike in early 2008, causing highways to be shut down and severe food shortages nationwide. ELECTION 2023 Agustn Rossi officially launches presidential candidacy FOREIGN POLICY & DIPLOMACY President seeks refuge from internal debate on international stage CRIME & SECURITY Second suspect for murder of Corrientes journalist indicted for homicide ELECTION 2023 Javier Milei confident he'll win election in run-off INTERNATIONAL FOOTBALL Staring Down the Black Hole of Russias Future. Argentina, which once was one of the world's richest countries, is suffering from an educational debacle. The government also increased food plan allocations, provided extraordinary bonuses for different types of casesfrom retirees to health workersand imposed measures such as making it impossible for companies to invoke force majeure (an exception to the countrys tight labor laws that allows companies to lay off workers due to situations that are not under their control) to dismiss their workers until July 31. Almost 30 years after losing a war over the Falkland Islands, Argentina is once again warning Britain that it still wants back what it calls the Malvinas. As a strategic consensus emerges in Europe, France is in the way. 1955 August-September - Violent military uprisings drive President Peron to resign and go into exile. Your guide to the most important world stories of the day. Although she is as much a nationalist as her husband and refuses to get involved with the IMF, Fernndez has shown interest in forging closer ties with the United States, Europe, and Brazil. Customs officials described the seized equipment as machine guns, ammo, drugs such as morphine, and spy equipment. Infoplease knows the value of having sources you can trust. French movie star Gerard Depardieu made the wrong choice by seeking Belgian and Russian citizenship to avoid paying higher taxes in France. SPORTS, RSS Feeds | It said, 'In Spain, Jobs wouldn't have been able to do anything, because it's illegal to start a business in your garage, and nobody would give you a penny.' But that doesnt help much, given the critical role that the Buenos Aires metropolitan area plays economically, representing roughly 45 percent of the countrys GDP. Argentina Travel Information. In the 2001 crisis, the government had a huge tailwind with the commodity boom, which had a very positive impact on all of Latin America, said Navarro, adding that the foreign market no longer moves that way. That's about 15 pages of the 766-page book, plus a few sporadic references here and there. Its the number of companies that have stopped producing, or that cant produce because theyre not yet operational, and that are unlikely to reopen after the quarantine. United Kingdom | Evita, pictured with husband President Juan Peron, was a powerful figure and enduring icon, The military seized power in 1976. When most Latin American countries were just becoming aware of the looming threat, Argentina was already closing its doors. The international help was not enough, however, and by the end of 2001, Argentina was on the verge of economic collapse. The attack killed 85 people and injured hundreds more. But their invisible costs may be larger than their immediate monetary impact. How the Pakistani military feel about Imran Khan. President Barack Obama's vow in his State of the Union address to seek free trade deals with Asia and Europe has raised a thorny question south of the U.S. border: Will Latin America find a place in the new global economy of giant trade blocs? But there are also signs that he may bring about a change in substance, It's no wonder that protesters in Brazil held signs reading 'more education, less soccer,' or that there are constant teacher strikes in Argentina, Chile, Venezuela and Mexico - Latin American schoolteachers are among the most miserably paid in the world, Latin American presidents who support decriminalization of marijuana won a big diplomatic victory in recent days when the 34-country Organization of American States issued a report that considers that option as one of several policies that might help reduce the region's drug-related violence, The highly respected Nature Scientific Reports journal has just published a map of the world's leading science cities, and it looks pretty bad for emerging countries: It shows the planet's northern hemisphere full of lights, and the south almost solidly dark, After the election of Argentine Pope Francis, the euphoria over his designation - or 'Francismania' - has unleashed a wave of Catholic fervor in Argentina. In March 2012, the Supreme Court unanimously ruled that rape victims can get an abortion. Argentina News and Current Events. Pandemics, Terrorism from right and left escalates, leaving hundreds dead amid strikes, protests and rampant inflation. Argentina's nationalization of a renegade energy company evokes outrage in the international press, Latin American countries are forging a multi-polar world in which the U.S. looks increasingly out of touch, This time 10 years ago, Argentina was sinking under the weight of its debts and hardly anyone was watching. For a British government reeling from its failure to foresee the invasion, humiliated by the Argentine coup de main, it was a lifeline, A key United Nations think tank that has been very bullish about Latin America in recent years is sounding a little less optimistic about the region's economies for 2012. August 27, 2020, 4:35 PM The Argentine government has taken a harsh approach to the coronavirus from the startbut the economic costs are now coming due, with disastrous consequences. The government is going to have to lower the costs for the companies to make them profitable in a context where consumption is going to be lower, she added. 1912 - Full adult male suffrage introduced. In auto racing, Josef Newgarden wins the Indianapolis 500. Introduction Background In 1816, the United Provinces of the Ro de la Plata declared their independence from Spain. For some eligible companies, the state covers 50 percent of employers wages, with certain limits, and also freezes some rent and bill payments. The exhibition space was designed in an interactive format and included live demos of the Global TB Report app, the Knowledge Sharing Platform (KSP) and Prevent TB app.KEY EVENTS23 MayWHA Side-Event: On the road to the second UN High-level Meeting on TB: Progress and challenges 2018-2023Over 130 participants joined the special World Health . Austria | Delivered Thursday. In 2010, inflation rose over 20 percent, second only to Venezuela in Latin America. August 15, 2022, 3:00 PM. The Spanish government said it would retaliate. Her victory came just two years after her approval rating fell below 30 percent due to her unpopular combative leadership style, which came under scrutiny during a dispute over agricultural export taxes. According to Dan Wang, a technology expert and visiting scholar at Yale Law Schools Paul Tsai China Center, Chinas tech competitiveness is grounded in manufacturing capabilities. 2011 October - Benefiting from strong economic growth, President Cristina Fernandez de Kirchner wins a second term with a landslide 54% of the vote. Estimates put child poverty at 63 percent at the end of 2020, affecting 8.3 million children and adolescents, said Sebastin Waisgrais, a monitoring and social inclusion specialist at UNICEF, adding that the increase in poverty is a direct consequence of the sharp drop in economic activity. In 2019, Argentina ended the year with inflation of 53.8 percent, the second highest in Latin America after Venezuela. 2023 CNBC LLC. In 2010, Paraguay's president, Fernando Lugo, was treated for non-Hodgkins lymphoma. 2009 July - Legislative elections result in President Fernandez's Peronist party losing its absolute majorities in both houses of parliament. Argentina accused the United States military of bringing in guns and surveillance equipment under the guise of a training course. The Alternatives Would Have Been Worse. After the announcement, Fernndez fired YPF's chief executive, Sebastin Eskenazi, and replaced him with two of her top aides, Julio de Vido and Axel Kicillof. U.S.-led sanctions have imposed unprecedented limits on Beijings access to advanced computing cShow morehips. In what ways are they reassessing their relationships with the worlds largest economic superpowers? Video, A rare insight into Hitler's private life, Huge anti-government protest in Polish capital Warsaw, War with US would be unbearable disaster - China minister, Harry finally faces questions in hacking case showdown, Oil production to drop after Opec+ nations meet, Man charged over '97' football shirt at FA Cup final. Argentinas Economy Crumbles as Buenos Aires Lockdown Continues. Is a superpower confrontation over the Falkland islands a real possibility? NEW FOR SUBSCRIBERS: Elisa Carri, a congresswoman, placed second, with 23%. 1966 - General Juan Carlos Ongania seizes power after years of unstable civilian government. 2018 May - Government raises interest rates dramatically in an effort to shore up the tumbling value of the peso currency. Rather, it's because Argentines see no way out for the massive political corruption, The street blockades that almost paralyzed Mexico City and Buenos Aires in recent days, interrupting traffic and keeping millions of people from going to work, are becoming a major economic problem. 1880 - Start of decades of liberal economic and immigration policies that lead to rapid income and population growth as well as progressive education and social policies. End of the 2018-19 Argentine Primera Divisin tournament. Mexicans were voting in a state election on Sunday that looks poised to bolster President Andres Manuel Lopez Obrador ahead of the race to succeed him, with his party forecast to capture the chief remaining bastion of the country's old rulers. "Argentina, 1985" has resurrected the country's military rule, which ended 40 years ago. Yet in spite of more arrests, criminal networks are stronger and criminality just as pervasive, suggesting that another reality lies behind the numbers. A monthly digest of the top articles read by FP subscribers. However, Argentina is currently undergoing an economic boom despite economists' predictions that the plan put into place by Fernndez's late husband, former President Nstor Kirchner, was doomed. Rioters protesting government austerity measures forced De la Rua to resign in Dec. 2001. 1908 - Argentina has seventh highest per capita income in the world. The latest news, analysis, and data from the country each week. Some allies are even reconsidering the primacy of relations with the United States, Following the recent decisions by Brazil, Argentina, Chile, Bolivia and Ecuador to officially recognize a state of Palestine, supporters of the Palestinian cause are preparing for their next big step: a South America-wide declaration recognizing a Palestinian state in a territory that would include East Jerusalem and other territories currently held by Israel, Women leaders do not by definition implement policies promoting women's rights, President Cristina Fernndez de Kirchner's decision to nationalize Argentina's biggest oil company has placed her nation in the camp of Latin America's radical populist countries, Chile's support is crucial in the longstanding dispute between Argentina and the United Kingdom, Argentina once again attracted unwanted international attention following another disastrous commuter train crash that claimed 50 lives and injured more than 600 people, Regionalists need a reminder that development doesn't end politics and that contemporary Latin America has its own power dynamics, President Obama's announcement that he will seek to create what may be the world's largest trading bloc along the Pacific rim raises an interesting question in this part of the world: whether we will see a de facto split of Latin America into a Pacific and Atlantic bloc, Argentine President Cristina Fernandez de Kirchner was re-elected by one of the widest margins in the country's history. 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