News of world economy

Argentina renews part of China swap ahead of Bessent visit

Yesterday 17:13 Argentina renews a portion of its US$18-billion currency swap line with China; Activated part being extended for another 12 months amounts to US$5 billion.

Strength in numbers: Latin America urges unity in face of Trump tariffs

09-04-2025 17:38 Latin American leaders at CELAC summit in Honduras call for a united front to tackle US President Donald Trump's tariff onslaught.

Trump attempting to be an ‘emperor,’ says Chile's Boric

02-04-2025 15:19 Chilean President says that at Trump’s inauguration, billionaires and tech gurus were “paying homage to someone who seems to pretend to be a new emperor.”

Milei heads to Trump’s home base with IMF feal near finish line

02-04-2025 08:52 President Javier Milei will reportedly travel to Florida on Wednesday for talks with President Donald Trump at Mar-a-Lago.

Argentina's GDP shrank less than expected in 2024

26-02-2025 11:44 Argentina beats the World Bank's projection and shrinks GDP by just 1.8 percent as part of Milei's self-proclaimed "largest fiscal adjustment in history."

Caputo to skip G20 meeting in South Africa

24-02-2025 17:30 Argentina’s Luis Caputo is the latest economy minister to skip a meeting of G20 finance chiefs in South Africa.

Trade war puts Milei’s Trump-first foreign policy to the test

14-02-2025 10:48 Javier Milei has spent his presidency cozying up to Donald Trump. But Argentina’s suddenly vulnerable position on tariffs demonstrates that not even friends are clear of Trump’s trade ire.

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.

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?

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.

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.

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.

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.

'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.

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.

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.

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.

‘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

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.

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.