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Argentina Struck by Huge Inflation Rates and Severe Drought
Argentina is in a very difficult economic situation with inflation over 100 percent in March and a currency, the peso, plummeting in value against the dollar.
The country’s central bank recently raised its key interest rate to 91 percent, which is the highest level in over 30 years, reports TT. This has created great difficulties for Argentine borrowers.
Restaurant owners in Buenos Aires have...
Argentina Joins China's Belt and Road Initiative
Argentina became the first of the continent’s three top economies to sign up for the Belt and Road infrastructure initiative.
Buenos Aires and Beijing have signed a memorandum of understanding on the Belt and Road Initiative, China’s multibillion-dollar global infrastructure development project. The document was part of a package of cooperation agreements signed on Sunday in Beijing during a visit...
Argentina Passes Law to Reserve 1% of All Government Jobs for Transgenders
Argentina’s Senate has passed a bill mandating a quota of transvestite and transgendered workers be hired by all government agencies and now it is up to the Executive to pass it into law.
The bill was endorsed by 55 Senators, while only one voted against it and 6 others abstained. A Lower House approval earlier this month leaves it now up to President Alberto Fernández to sign it into law.
The...
Argentinian President Says Mexicans are Indians and Brazilians Came from the Jungle
Argentina’s president, Alberto Fernández, has triggered a Twitter storm and a regional race debate with misjudged comments to visiting Prime Minister Pedro Sánchez of Spain that sought to play up the South American country’s ties with Europe.
“The Mexicans came from the Indians, the Brazilians came from the jungle, but we Argentines came from the ships. And they were ships that came from Europe,”...