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How to Get No-Credit-Check Loans

How to Get No-Credit-Check Loans

Below, we’ve made an inventory of the things Green Day Practices will consider in deciding whether or not to grant you no-credit-check loans.

Credit Score

Although lenders who provide no-credit-check loans won’t consider your application by relying on their credit scores, having a great credit score can greatly increase the amount of money you get. If you’re looking for more loans from lenders, it is essential to establish an impressive credit history.

If you’re not certain how your credit score compares there are methods to determine it. People who have higher credit scores are more likely to get larger amounts of money than those who have poor credit scores. If you’ve got a lower credit score, don’t be concerned. You can take out low-cost personal loans with lenders that will help improve your credit score. If your credit score increases then you’ll be able to obtain larger credit from banks. Furthermore, your credit score can affect the rate of interest that you pay on loans.


If you are applying for personal loans most of the time applicants will require information regarding your income source. If you want to get personal loans, the majority of lenders require evidence of employment to make sure that you’ll have the ability to repay the loan later on. Additionally, your source of income as well as the amount you earn will determine the amount of loan you’ll qualify for. If your income source is not stable and sufficient the lenders are more likely to reject your application.

Complete a formal application

In order to be eligible for a loan, you’ll need to submit an official application with a lot of your personal information, including your name, address as well as bank account details as well as your source of income or identification, and so on. Certain lenders will require more details than other lenders.

After you have completed filling out an application you will have a few weeks to complete the information required. Keep in mind the more time you put off to submit your application the later you’ll get your money. When filling out an application, ensure that you read it thoroughly and complete your personal information with care. Making a mistake in filling out your application can result in your application getting rejected.

Argentinian movements protest speculative inflation | New


Labor groups and social movements in Argentina marched from different points in the capital to the National Congress on Wednesday to reject what they call “price makers and speculation”.

Argentina’s ambassador to Venezuela criticizes plane seizure

The call came from the Central General de Trabajadores (CGT) and the Central de Trabajadores Argentinos (CTA), although it included other union spaces and social movements. The demonstration was called by the labor centers with the slogan “La patrie d’abord” which will culminate in the reading of “a political document”.

The leaders of the protest, Héctor Daer, Carlos Acuña and Pablo Moyano circulated a document in which they say that “the challenge that today calls for the collective construction of a solid and prolonged platform of national agreement, with a broad consensus, on the state’s short, medium and long-term policies, for which it is essential to avoid empty slogans or political exercises that only target the situation.

According to the press release, “the Fatherland demands firm commitments to remedy the social injustice that is suffocating today”, while stressing that the march will call on “all political actors with representative responsibility to commit themselves to the common destiny”.

Get involved today!!!!
For our wages!
For our rights!
Enough for speculators!
For our Argentina!
homeland first

According to the CGT, “these political actors must abandon the petty electoral confrontation in favor of individual interests. Inflation has reached intolerable levels which are pulverizing the purchasing power of workers and much of the responsibility lies with sectors which have appropriated profits at the same time. losses for the workers. »

In the meantime, the Association of Bankers has been organizing a work stoppage since the morning so that its staff mobilizes with the CGT in Congress to denounce “economic and financial companies”.

The secretary general of the entity and deputy of the Frente de Todos (FdT, in government), Sergio Palazzo, and the union’s press attaché, Claudio Bustelo, declared that the bankers will denounce to the CGT “the intolerable action of the economy – the financial companies that threaten the food rights of millions of Argentines and the process of reactivating the productive economy.”

In recent weeks there has been an increase in popular protest actions due to the increase in the cost of living, inflation and demands for the government of Alberto Fernández to take measures for a greater social inclusion.

Alpha Lithium Announces First Operational Results at Hombre Muerto Salar, Argentina


— Company Releases Vertical Electrical Sounding (“VES”) Results on his Santo Tomas property in Hombre Muerto Salar

— Company moving forward with additional VES campaign on his Gran Victoria estate in Hombre Muerto Salar

Alpha Lithium Corporation (TSX.V: ALLI) (OTC: APHLF) (Germany WKN: A3CUW1) (“Alpha” or the “Company”) is very pleased to announce that it has completed a vertical electrical sounding campaign (“ VES”) on part of its Salar del Hombre Muerto project in the Lithium Triangle in Argentina (see press release dated June 28, 2022). The Company controls over 5,000 hectares in the prolific Salar Hombre Muerto and the results of this VES campaign indicate the presence of significant underground brine bodies on the Company’s Santo Tomas property.

Alpha’s Santo Tomas property is surrounded by POSCO’s multi-billion dollar Hombre Muerto development and is located less than 5 km from POSCO’s pilot plant in the same salar.

Exploration and drilling activities from surrounding competitors indicate that Alpha’s property is expected to contain a prolific lithium brine aquifer. Two nearby wells, both drilled within 300 meters of the Santo Tomas boundary, produced very high yields, with at least one of the wells returning lithium concentrations above 750 mg/L, which is typical in the Salar del Hombre Muerto.

The results of the VES assessment indicate the presence of three major units, all of which should be productive:

  1. Upper Unit: Extends from the surface down to 44 meters depth, with very low resistivity values ​​(0.3 to 2.3 Ohm-m) and is described as a facies of sand, silt, clay and evaporites, saturated with productive brines.
  2. Middle Unit: A very thick productive sequence with low to moderate resistivity values ​​(2 to 12 Ohm-m) which are interpreted as fractured and massive halite facies, with intercalations of sandy facies, and saturated with brines. There is a clear increase in thickness from east to west, with the base of the unit detected at around 200 meters depth in the east and around 320 meters depth in the west.
  3. Lower unit: Characterized by moderate resistivity values ​​(17 to 41 Ohm-m) and described as a sedimentary facies of the Neogene Catal Formation. This historically saturated and productive unit consists of conglomerates, sandstones and tuffs.

The Company’s regional geological and geophysical model suggests that the thickness of the modern filling facies (sands, silts, clays, evaporites and halite) of the Salar del Hombre Muerto varies by approximately 40 meters in the eastern sector (outcrop of the Formation de Catal), more than 500 meters deep in the western zone (outcrops of the Sijes Formation).

Brad Nichol, President and CEO of Alpha, said, “As we continue to make progress in the nearby Tolillar Salar to get closer to our goal of commercial production, Hombre Muerto is quickly becoming the next engine of growth for our business. . At Hombre Muerto, we are surrounded by the intense exploration and exploitation of lithium-enriched brines by giant multinational corporations. Thanks to these feats and the unparalleled 25-year production history, Hombre Muerto is well understood as one of the most sought-after lithium brine sites in the world. The results of this VES survey indicate significant similarities to the surrounding world-class assets of our immediate neighbours.”

With $44 million in cash, Alpha is sufficiently funded to pursue its long-term exploration and production ambitions in Argentina. Accordingly, the Company intends to commence drilling operations at Hombre Muerto as soon as possible.

Nichol continued: “Our operations at Hombre Muerto do not start and end with the Santo Tomas property. We have already started a VES campaign at our Gran Victoria property in Hombre Muerto and plan to acquire approximately 40 points there. We look forward to publishing the results of this investigation as soon as we have them.”

The Alpha team is one of the most experienced in the Salar del Hombre Muerto. As recently announced (see July 19, 2022 press release), the company has engaged Mario Portillo, a global lithium expert who worked on the design of Livent Corporation’s lithium carbonate and lithium chloride production plants, as well as guiding Galaxy Resources (now Allkem Limited) through the Salar del Hombre Muerto. Additionally, Alpha Country Manager David Guerrero spent most of his lithium career at Hombre Muerto, having held a senior position at Galaxy Resources. After leading development and exploration activities, David was a key player in the 2018 sale of Galaxy’s Hombre Muerto assets to POSCO. Finally, Dr. Rodolfo Garcia leads Alpha’s underground technical team and has spent decades studying, understanding, researching, exploring, mining, and teaching the Salar del Hombre Muerto to global audiences. Doctor Garcia’s work is known and respected around the world and he is one of many experienced leaders within the Alpha Lithium team.

Qualified Person, QA/QC Statements:

Michael Rosko, MS, PG, of Montgomery and Associates (“M&A”) of Santiago, Chile, is a Registered Geologist (CPG) in Arizona, California and Texas, a registered member of the Society for Mining, Metallurgy and Exploration (SME No. 4064687), and a Qualified Person as defined by National Instrument 43-101. Mr. Rosko has extensive experience in salar environments and has been a qualified person on numerous lithium brine projects. Mr. Rosko and M&A are independent of Alpha. The company has a strong QA/QC and sample management program. Mr. Rosko has reviewed and approved the scientific and technical content of this press release.


“Brad Nichol”

Brad Nichol
President, CEO and Director

For more information:
Alpha Lithium Investor Relations
Tel: +1 844 592 6337
[email protected]

About Alpha Lithium (TSX.V: ALLI) (OTC: APHLF) (Germany WKN: A3CUW1)

Alpha Lithium is a team of industry professionals and experienced stakeholders focused on the development of Salars de Tolillar and Hombre Muerto. In Tolillar, we have assembled 100% ownership of what may be one of Argentina’s last undeveloped lithium salt flats, encompassing 27,500 hectares (67,954 acres), neighbors of multi-billion dollar lithium players. dollars at the heart of the famous “Lithium Triangle”. At Hombre Muerto, we continue to expand our presence by more than 5,000 hectares (12,570 acres) in one of the highest quality and longest producing lithium salt flats in the world. Other companies in the region exploring lithium brines or currently in production include Orocobre Limited, Galaxy Lithium, Livent Corporation and POSCO at Salar del Hombre Muerto; Orocobre in the Salar Olaroz; Eramine SudAmerica SA in Salar de Centenario; and Gangfeng and Lithium Americas in the Salar de Cauchari.

Forward-looking statements

This press release contains forward-looking statements and other statements that are not historical facts. Forward-looking statements are often identified by words such as “will”, “may”, “should”, “anticipate”, “expect” and similar expressions. All statements, other than statements of historical fact, included in this press release are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include the results of other testing and exploration of the brine process and other risks detailed from time to time in the Company’s filings with securities regulators. Readers are cautioned that the assumptions used in preparing any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those anticipated due to numerous known and unknown risks, uncertainties and other factors, many of which are beyond the Company’s control. Readers are cautioned not to place undue reliance on forward-looking information. Such information, although considered reasonable by management at the time it was prepared, may prove to be incorrect and actual results may differ materially from those anticipated. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement. The forward-looking statements contained in this press release are made as of the date of this press release and the Company will publicly update or revise any of the forward-looking statements included as expressly required by applicable law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No securities regulatory authority has reviewed or accepts responsibility for the adequacy or accuracy of the contents of this press release.

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Animal Health Active Pharmaceutical Ingredients Market Report 2022: Growing Global Pet Adoption and Rising Animal Health Awareness and Spending Driving Growth – ResearchAndMarkets.com


DUBLIN–(BUSINESS WIRE)–The “Animal Health Active Pharmaceutical Ingredients Market Research Report by Company (Captive API and Merchant API), Indication, Synthesis, Type, End User, Region (Americas, Asia-Pacific and Europe, Middle East and Africa) – Global Forecast to 2027 – Cumulative Impact of COVID-19 Report has been added to ResearchAndMarkets.com’s offer.

The global active pharmaceutical ingredients for animal health market size was estimated to be USD 14.92 billion in 2021, USD 16.11 billion in 2022, and is projected to grow at a CAGR of 8.12% to reach USD 23.84 billion. USD by 2027.

Segmentation and market coverage:

This research report categorizes Animal Health Active Pharmaceutical Ingredients to forecast revenues and analyze trends in each of the following submarkets:

  • Based on Business, the market has been studied through Captive API and Merchant API.

  • On the basis of indication, the market has been studied for anti-infectives, antiparasitics, and NSAIDs and anesthetics.

  • On the basis of synthesis, the market has been studied through biotechnology and synthesis.

  • On the basis of type, the market has been studied across brands and generics.

  • On the basis of end-user, the market has been studied in pet care hospitals and retail and specialty pharmacies.

  • Based on region, the market has been studied in Americas, Asia-Pacific, Europe, Middle East & Africa. The Americas are studied in more detail through Argentina, Brazil, Canada, Mexico and the United States. The United States is studied in more detail through California, Florida, Illinois, New York, Ohio, Pennsylvania and Texas. Asia-Pacific is studied in more detail through Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan and Thailand. Europe, the Middle East and Africa are studied in more detail in France, Germany, Italy, the Netherlands, Qatar, Russia, Saudi Arabia, South Africa, Spain, the United Arab Emirates and the United Kingdom.

Competitive Strategy Window:

The strategic competitive window analyzes the competitive landscape in terms of markets, applications and geographies to help the vendor define an alignment or match between its capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for vendors to adopt successive strategies of merger and acquisition, geographic expansion, research and development, and new product introduction strategies to execute further business expansion and growth. during a forecast period.

FPNV positioning matrix:

The FPNV Positioning Matrix assesses and categorizes the vendors in the Animal Health Active Pharmaceutical Ingredients Market based on business strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and product satisfaction (value for money, ease of use, product features, and customer support) which helps companies make better decisions and better understand the competitive landscape.

Market share analysis:

The market share analysis offers the analysis of the vendors considering their contribution to the overall market. It gives the idea of ​​its revenue generation in the overall market compared to other providers in the space. It provides information on the performance of vendors in terms of revenue generation and customer base compared to others. Knowing the market share gives an idea of ​​the size and competitiveness of suppliers for the reference year. It reveals the characteristics of the market in terms of accumulation, fragmentation, dominance and merger.

Market dynamics


  • Growing adoption of pets around the world

  • Increase people’s awareness and spending on animal health

  • Significant growth in the number of animal health NGOs


  • Several risk factors associated with APIs in animal health


  • Development of new products

  • Unmet animal needs in many countries


  • Limited awareness and availability in low-income areas

Main topics covered:

1. Preface

2. Research Methodology

3. Executive Summary

4. Market Overview

5. Market Overview

6. Animal Health Active Pharmaceutical Ingredients Market, By Company

7. Animal Health Active Pharmaceutical Ingredients Market, By Indication

8. Animal Health Active Pharmaceutical Ingredients Market, By Synthesis

9. Animal Health Active Pharmaceutical Ingredients Market, By Type

10. Animal Health Active Pharmaceutical Ingredients Market, By End User

11. Americas Animal Health Active Pharmaceutical Ingredients Market

12. Asia Pacific Animal Health Active Pharmaceutical Ingredients Market

13. Europe, Middle East and Africa Animal Health Active Pharmaceutical Ingredients Market

14. Competitive Landscape

15. Company Usability Profiles

16. Appendix

Companies cited

  • Blanver Farmoquimica E Farmaceutica SA

  • Changzhou Yabang-Qh Pharmachem Co., Ltd.

  • Eli Lilly & Co.

  • Excel Industries Ltd.

  • Glenmark Pharmaceutical Ltd.

  • Huvepharma

  • Indukern, SA

  • Lonza Group AG

  • NGL Fine Chem Ltd.

  • Ningxia Tairui Pharma CO. ltd.

  • Ofichem B.V.

  • Omkar Specialty Chemicals Limited

  • ouro fino sauce animal

  • P&R SpA (Olon SpA)

  • Sanofi Winthrop Industry (CEPiA)

  • Sequent Scientific Ltd.

  • Shaanxi Hanjiang Pharmaceutical Group Co., Ltd.

  • Shanghai Pharmtech Co.Ltd.

  • Zhejiang Hisun Pharmaceutical Co.Ltd

  • Zoetis Inc.

For more information about this report visit https://www.researchandmarkets.com/r/uwovo5

Top 8 today | Courthouse News Service


Today’s top eight stories, including a federal judge, ordered Senator Lindsey Graham to testify before a special grand jury investigating attempts to nullify Georgia’s 2020 election results; Argentina has created a “super ministry” to deal with its deep financial crisis; Thousands of mental health workers have gone on strike in Northern California, and more.


Federal judge orders Graham to testify in Georgia election inquiry

A federal judge on Monday refused to overturn an Atlanta-area prosecutor’s subpoena against U.S. Senator Lindsey Graham, meaning he will have to appear next week before a special grand jury set to investigate to find out. whether former President Donald Trump and his allies illegally attempted to overturn Georgia’s 2020 election results.

U.S. Senator Lindsey Graham, RS.C., speaks at a GOP dinner in South Carolina on July 29, 2022. (AP Photo/Meg Kinnard, File)

Heard hires new legal team to appeal Depp libel trial verdict

Elaine Bredehoft, known for representing Amber Heard in an arduous and highly publicized six-week defamation trial, stepped down as the “Aquaman” actress’ lead attorney on Monday.

Actor Amber Heard testifies in the courtroom of the Fairfax County Courthouse in Fairfax, Va., Monday, May 16, 2022. (AP Photo/Steve Helber, Pool)


Mental health workers on strike at hospital giant Kaiser

Thousands of mental health workers launched a strike with no end date in Northern California on Monday over what they say was deliberate understaffing as the number of patients needing care soars.

Health care workers strike at Kaiser Permanente in San Francisco, Calif., on August 15, 2022. (Natalie Hanson/ Courthouse News)

Prairie Oil Well Settlement

Conservation groups have reached a settlement with the Bureau of Land Management guaranteeing the permanent closure and restoration of 11 long-dormant oil wells inside California’s Carrizo Plain National Monument.

The Carrizo Plain National Monument. (Photo via Antandrus/Wikipedia)


New ‘super-minister’ tasked with rescuing Argentina’s struggling economy

Argentina’s new economy minister Sergio Massa has outlined his strategy to restore fiscal control and reverse runaway inflation, with the government creating a “super ministry” as the country faces a deep financial crisis.

Sergio Massa, now Argentina’s economy minister, with then-president Cristina Fernández in 2008. (Presidente de Nacion Argentina via Courthouse News)

Europe suffers devastating drought as rivers run dry

Much of Europe is in the midst of a historic drought with dangerously low water levels in lakes and rivers, a situation that has caused drinking water shortages, fish kills, loss of harvests and disruptions to major barge routes.

A dead fish skeleton is seen on the cracked earth of a dry lake bed near the village of Conoplja, Serbia, August 9, 2022. (AP Photo/Darko Vojinovic, File)


Nuclear war would cause global food and climate disasters, study finds

Food may seem like the least of your worries after experiencing a nuclear event, but a new study has shown that the detonation of nuclear warheads will devastate global food supplies and cause many deaths around the world.

Steam rises overnight from the Nogent-sur-Seine nuclear power plant, 110 km southeast of Paris, Sunday August 8, 2021. (AP Photo/Francois Mori, File)


Run free!

How can you be wild if you spend almost a quarter of your life locked away? Also: Not everyone hated the pandemic.

(Picture by B SnuffleUppage of Pixabay via Courthouse News)

Read the Top 8

Sign up for the Top 8, a roundup of the day’s best stories straight to your inbox Monday through Friday.

Argentina’s never-ending economic crisis drives inflation up


Argentina’s annual inflation rate exceeded 70 percent in July – the highest level in three decades – according to data released by the Argentine government last week, and it could reach 90 percent by the end of the year. Rampant inflation has left many across the country mired as they turn to barter and parallel currency markets amid dwindling central bank reserves, a bloated budget deficit and a bomb impending debt.

But this is not the country’s first dance with economic danger.

“For those of us who have been around longer and live in this country, everything feels like deja vu,” said Carlos Gervasoni, associate professor and head of the department of political science at Torcuato Di University. Tella in Buenos Aires. “It’s always the same story, there are just different flavors of what Argentina face every five or 10 years.”

Argentina’s annual inflation rate exceeded 70 percent in July – the highest level in three decades – according to data released by the Argentine government last week, and it could reach 90 percent by the end of the year. Rampant inflation has left many across the country mired as they turn to barter and parallel currency markets amid dwindling central bank reserves, a bloated budget deficit and a bomb impending debt.

But this is not the country’s first dance with economic danger.

“For those of us who have been around longer and live in this country, everything feels like deja vu,” said Carlos Gervasoni, associate professor and head of the department of political science at Torcuato Di University. Tella in Buenos Aires. “It’s always the same story, there are just different flavors of what Argentina face every five or 10 years.”

Argentina’s ongoing fight against inflation dates back to the 1980s, and possibly even earlier. But the COVID-19 pandemic, coupled with Russia’s war in Ukraine, dwindling global food supplies and tight energy markets, has sent shockwaves through an already struggling economy. Almost 4 out of 10 Argentines currently live below the poverty line. The economy, highly dollarized given the falling value of the Argentine peso, is run through billions of foreign exchange reserves on a weekly basis. Some Argentines have resorted to swap milk for diapers. Others complain that the frequent price changes leave them guessing the price of their newspaper or bag of rice – often they don’t find out until they get to the checkout. Tourists trying to use debit cards abroad must pay a tax by almost 50% on transactions – a desperate measure to keep foreign currency reserves in the country.

“It’s a big problem, of course, but being born into it, you get used to it a bit,” said Alfonso Sundblad, a student at the University of San Andrés in Buenos Aires. “But what you feel most is the uncertainty – you can never disconnect from the political world and the economy, even if you are a child.”

Yet, given an unstoppable budget deficit – the government is spending far more than it earns – the Central Bank continues to print more pesos, driving down the value of everyone, further aggravating inflation. The Central Bank of Argentina raised lending rates to stratospheric levels last week (the benchmark rate is now 69.5%) in an effort to control inflation, but such measures will also dampen investment and economic growth.

And then there is another debt crunch. Argentina still owes the International Monetary Fund $40 billion as part of its 2018 bailout, but took out another $44 billion loan earlier this year from the IMF to fulfill its obligation, adding to the risks of a default, which would only make matters worse.

“The combination of global shocks, monetary overprint in Argentina, and a very high inflation expectation combine in this toxic stew,” said Benjamin Gedan, deputy director of the Latin America program at the Wilson Center.

With regard to payment defaults, Argentina has a bit of A story. Since joining the IMF in 1956, Argentina has applied for and accepted 22 financial support programs from the organization, the most notable of which was during Argentina’s 2001 financial crisis when it defaulted on a $21.6 billion IMF loan. (He also halted payments on $95 billion in bonds to other creditors.)

After the 2001 crisis, many Argentines blamed, and still blame, the IMF for imposing harsh conditions that worsened the country’s already dire economic situation. Last year, Argentine President Alberto Fernández criticized the IMF’s 2018 loan to Argentina, the largest loan in IMF history, as being “toxic and irresponsible”.

The IMF often conditions loans on government reforms designed to curb runaway deficits, which translated in reduced subsidies, lower spending and public discontent. (One of the reasons for the massive Central Bank rate hike is to bring interest rates closer to the rate of inflation, which is one of the IMF’s requirements.) But in the case of Argentina , where deep-seated structural problems in the political economy serve as fertile ground. Due to its fiscal woes, fiscal tightening may be just the bitter medicine the country needs to pull itself out of its downward economic spiral.

In the early 1900s, Argentina was richer than France and Germany. Immigrants flocked in, attracted by the agricultural and manufacturing promises of the country. And then came populism, in the person of Juan Perón, a general who became a powerful labor secretary with the arrival of the military dictatorship during World War II. In charge of labor relations, pensions and social services, Perón offered the moon. A few years later he was president. The movement he created, and which still lives on in various forms, prioritizes short-term popular economic well-being over long-term economic development. It was a very long short term.

Argentina has arguably one of the largest social protection systems in the developing world and subsidizes public services, transport and pension benefits for all its citizens. According to Gervasoni of Universidad Torcuato Di Tella, the average Argentine pays the equivalent of less than $5 a month for electricity. In contrast, typical Italian and German households are likely to pay more than $230 and $270, respectively, on their monthly energy bills. In order to protect domestic consumers and generate revenue, the Argentine government relies heavily on export taxes. Earlier this year, the government increased export taxes on processed soybeans, one of its main staples, to 33 percent, giving soybean farmers crises but offering a way to get more out of part of the economy that works. (Argentina’s trend of nationalizing big business, most recently the Spanish half of oil company YPF in 2012, doesn’t muddy the waters for foreign investors either.)

Although maintaining a strong social protection program and generously subsidizing public services seems like a great short-term option, the Argentine government simply doesn’t have enough money to keep going. “It’s a conundrum for the government, because they know things are getting worse,” said Eduardo Levy Yeyati, an Argentine economist who previously served as chief economist at the Central Bank of Argentina. “No one wants to press the red button, it’s like the trolley problem.”

No politician wants to be the bearer of bad news, especially as election season approaches in a country with particularly strong unions and a Peronist history. At the beginning of July, the Argentine Minister of Economy Martin Guzman resigned amid growing tensions with Vice President Cristina Fernández de Kirchner, suggesting he lacked the political support to make the necessary macroeconomic policy choices. Guzmán’s successor only lasted a few weeks. Now Sergio Massa has inherited the problem.

While Massa has publicly promised to cut export tariffs and stop printing more money, he has not presented a concrete plan to do so. Meanwhile, the ongoing political unrest continues to aggravate Argentines’ lack of confidence in their leadership and exacerbate their financial anxieties.

“I think sometimes people have this impression that Argentines are so flexible and resilient because they’ve survived so many crises, that these conditions are the norm and hardly disruptive,” said Wilson Center’s Gedan. “I don’t think that’s the case. I think the current conditions, even for Argentina, are extreme.

How to get an emergency loan with bad credit


Our goal at Credible Operations, Inc., NMLS Number 1681276, hereafter referred to as “Credible”, is to give you the tools and confidence you need to improve your finances. Although we promote the products of our partner lenders who pay us for our services, all opinions are our own.

If you have a low credit score and need to borrow money for an unexpected expense, it is possible to find an emergency bad credit loan. (Shutterstock)

Once in a while, you may face an urgent or unexpected expense, such as a car repair or a medical procedure. With an emergency loan, you can get the money you need to cover expenses quickly, even if you have bad credit.

Here’s what you need to know about emergency loans with bad credit, what you can use the loan funds for, and some types of emergency loans you should avoid.

Where to get an emergency loan

You can get an emergency loan from multiple places, including online lenders, banks, and credit unions.

Online lenders

You can apply for an emergency loan and receive the funds online through an online lender without ever setting foot in a physical location. Depending on the lender, you may be able to prequalify and verify your loan offers online without affecting your credit.

If you find a loan offer that meets your needs, you can complete a formal application in minutes. Once you’re approved, you can receive your funds by direct deposit the same day, within 24 hours, or within a few business days.

Credible, it’s easy to compare personal loan rates from various lenders, and it will not affect your credit score.


Many types of banks – including large national banks and smaller community banks – offer emergency loans to their customers. You may be able to apply online or in person at a local branch. If you are approved, you will likely receive your funds within a few business days or a week, although funding may take longer in some cases.

Although banks sometimes offer larger emergency loans than other lenders, they also tend to have stricter requirements to qualify. You may also need to be an existing customer or meet certain income and credit criteria.

credit unions

Credit unions are non-profit organizations that generally have a local presence. Compared to banks, credit unions tend to offer lower rates on all types of products, including emergency loans. They are also known for their more personalized service. The caveat, however, is that you must meet certain membership requirements and join a credit union if you want to take advantage of any of its offers.

How to get an emergency loan with bad credit

You generally need good to excellent credit to qualify for a personal loan, so if your credit is weak, it may be more difficult to qualify. But some lenders specialize in loans for bad creditso it is still possible to get an emergency loan even if you have bad credit or no credit history.

You can also apply for an emergency loan from a co-signer to increase your chances of approval or get a lower interest rate. Remember that a co-signer will be legally responsible for the loan if you cannot make your payments.

Follow these steps to apply for an emergency loan:

  1. Shop around and compare lenders. Do research and compare several emergency lenders. Consider their interest rates, repayment terms, fees, and eligibility requirements.
  2. Choose your emergency loan. Once you have compared lenders, choose the loan option that best suits your particular situation.
  3. Fill out an application. Complete the official application online or in person. Be prepared to share basic financial information and submit documents, such as your government-issued ID, tax returns, and pay stubs.
  4. Get your funds. If you are approved, the lender will distribute your money, usually by direct deposit. Funding time can be same day or next business day after approval, depending on the lender.

Head to Credible for quick and easy compare personal loan rates from various lenders, all in one place.

What can emergency loans be used for?

An emergency loan is flexible, meaning you can use the funds for almost any type of emergency expense, such as:

  • Medical bills
  • dental costs
  • Unscheduled car repairs
  • Urgent home renovations or repairs
  • Emergency veterinary care
  • Unforeseen moving costs
  • Rent or mortgage payments to avoid foreclosure
  • Funeral and burial expenses

As is the case with traditional personal loans, you cannot use emergency loan funds for tuition, a down payment on a home, gambling, or illegal activities.

How to compare emergency lenders

Here are several important factors to keep in mind when evaluating your lender’s options for emergency loans:

  • Eligibility criteria – Most lenders require good credit, verifiable income, and a low debt-to-income ratio. But some may consider factors other than your credit score.
  • Loan amounts — In most cases, you can borrow as little as $600 up to $100,000 with a Personal loan. Make sure you only borrow what you need.
  • Interest rate – Loans for bad credit tend to have higher interest rates to offset the lender’s risk of lending you money.
  • Repayment Terms – Repayment terms generally range from one to seven years, depending on the lender. Although choosing a longer term may result in a lower monthly payment, a shorter term will keep your interest charges as low as possible.
  • It’s time to finance — If you are approved, you can expect to receive your funds anywhere from the same or next business day after your approval, up to a week (and sometimes longer).

Even if you have bad credit, it is possible to get approved for a personal loan. Credible, it’s easy to view your prequalified personal loan rates so you can find a loan that best suits your needs.

Types of emergency loans to avoid

If you’re facing an emergency, you might be tempted to take out other types of risky loans that can do more harm than good. You should avoid these types of emergency loans whenever possible:

  • Payday loans — These are small, short-term loans designed to hold you over until your next payday. You pay them back when you get your paycheck, usually within two to four weeks. Although payday loans do not require a credit check, they come with fees equivalent to exorbitant interest rates that can significantly increase the overall cost of your emergency.
  • Securities lending — Title loans are secured loans that give you fast cash in exchange for title to your car. If you don’t repay your loan as agreed, the lender can repossess your vehicle.
  • Pawnbrokers — With pawnbrokers, you secure a valuable item, such as a diamond ring or a guitar, in exchange for money. Like payday loans, pawnbrokers are notorious for their extremely high fees and interest rates. And if you don’t repay your loan as agreed, the pawnbroker can sell your item.

As Mercosur stagnates, Uruguay turns to China


Uruguay, a small country that rarely makes headlines even in its own region, angered its partners in the Mercosur trading bloc when it announced in July, ahead of the group’s biannual summit, that it had completed a study with China on the feasibility of a bilateral free trade agreement and that the two States are preparing to begin negotiations. Given that Uruguay’s population of 3.5 million is only a quarter of 1% of China’s, such an agreement, if reached, will do little to shake the foundations of the World trade.

But this raises dilemmas for Mercosur, the Southern Common Market with four active members (Brazil, Argentina, Uruguay and Paraguay), as its rules require all members to consent to one of them signing a trade deal. with a third country. Such consent is not likely to be obtained; Still, Uruguay still wants to push the negotiations forward, hopefully with its Mercosur partners, but in any case it “does not want to remain silent”. But whatever the course of this diplomatic gamble, the affair highlights the disappointment experienced by Mercosur since its beginnings with great fanfare more than thirty years ago, and the obstacles to serious regional integration within Latin America.

In happier times

Mercosur was born in an optimistic era that now seems incredibly distant. Growth through increased international trade was the watchword of the “Washington Consensus” of international financial institutions. Regional trade groupings were beginning to coalesce. The United States had a free trade agreement with Canada and was negotiating with Mexico, while other Latin American countries sought similar relations with the world’s largest economy. At the same time, clusters in Africa and Asia also emerged.

The often-heard buzzword was “open regionalism” – groups of countries would engage in deep integration with each other and jointly negotiate deals with other countries. A particularly attractive model was the European Community, which had started as a relatively loose, trade-oriented grouping and was poised to add new countries after the fall of the Soviet Union and would further consolidate internally as a Union. European.

The prospect of forming a regional bloc had particular appeal for countries that would come together in Mercosur. All had suffered during the “lost decade” of the 1980s when they were overwhelmed by the debt crisis. They also saw a political dimension to regional integration, as they had returned to democratic governance after long periods under military regimes that were both harshly repressive and unable to deliver lasting prosperity. They also sought to overcome their history of mutual suspicion and friction.

The political and economic elites of Brazil and Argentina, followed by the much smaller Uruguay and Paraguay, saw Europe as a potential model, as evidenced by its tremendous economic and political progress after the horrors of World War II. world. A series of summits paved the way for the creation of Mercosur, which was officially announced in 1991. Mercosur initially showed positive results as evidenced by a significant increase during the 1990s in intra-regional trade. However, the initial momentum began to wane in the 2000s, and currently less than 10% of member states’ trade is within the bloc, compared to 60% within the European Union.

Defective from the start?

Some of the causes of Mercosur’s decadence were beyond the control of member countries. China’s rise as a full-line exporter has devastated local sectors such as Brazil’s once-strong shoemaking industry. But many of Mercosur’s problems were internal and represented a failure to complete both the internal free trade area and the common external tariff as its European model had been able to do. Mercosur’s tariff reduction efforts have been riddled with exceptions and lengthy introductory phases that persist to this day.

But those failures were themselves the consequences of broader systemic problems within the bloc that date back to its origins. The European Community began as a relatively small and successful agreement on trade in coal and steel, which later grew into a larger bloc made up of three relatively large countries – Germany, France and Italy – and of three smaller but advanced states – Belgium, the Netherlands. , and Luxemburg. Thus, there was always a fairly wide distribution of power among the members.

Mercosur, on the other hand, consisted of a huge member state, Brazil, as well as a medium-sized one, Argentina, and two extremely small countries, Uruguay and Paraguay, which really had no no choice but to join given their reliance on larger members for trade. , investment, energy, tourism, etc. And while Argentina’s relatively more developed status has partially compensated for its smaller economy relative to Brazil, its long-term economic decline has made it increasingly less able to act as a counterweight.

These asymmetries are aggravated by the lack of effective Mercosur-wide institutions, particularly in the area of ​​dispute settlement, where nothing beats the European judicial system, or the dispute settlement groups that play a role in the United States-Mexico-Canada Agreement (formerly NAFTA). While there is a small Mercosur secretariat headquartered in Montevideo, it has at best a coordinating function rather than real power. Although there are Mercosur-wide entities, such as a business-accessible arbitration tribunal, there is no mechanism to resolve state-to-state disputes.

As a result, usually when one of the two largest members (Paraguay and Uruguay often have to take what they get) finds one of its domestic industries under pressure, the default position is to act on it. first unilaterally, then to negotiate the issue later, at a conference of ministers level or, finally, during the six-monthly Mercosur presidential summits. This ad hoc approach is inevitably a source of uncertainty and limits the gains provided by the common market.

And, of course, the tendency for intra-Mercosur trade disputes is aggravated by the unstable macro-economic situation of its members, with varying deficits and inflation rates, and concomitant devaluations, which means that at any time an industry in one state or another requests import relief. Of course, macroeconomic convergence has also been a challenge for Europe, as evidenced by the crises in some of its member states, notably Greece and Portugal, despite agreed deficit targets and a common currency.

But Mercosur countries have varying degrees of economic health, as shown by their inflation rates – Argentina being the most outlier as it is currently spiraling towards an annual rate of 90%, compared to Brazil’s 12%, 11 % in Paraguay and 9% in Uruguay. Periodically, the idea of ​​a common Mercosur currency has been mooted, most recently by Brazilian President Jair Bolsonaro, but it has never been more than a talking point from one politician.

Politics trump economics

And even as Mercosur’s progress in trade integration slowed, its political ambitions increased dramatically, spurred on by Brazil, which saw it as a vehicle to organize South America under its leadership. This included successfully opposing a United States effort to create a Free Trade Area of ​​the Americas by extending its network of agreements with countries in North America, Central America, and the Andes to the Cone south and integrating them into a single network.

Venezuela and Bolivia have been invited to join Mercosur. These invitations had an ideological and geopolitical element as leftist governments in Brazil and Argentina saw common ground with Hugo Chavez and Evo Morales despite their authoritarianism. These politically motivated expansion efforts did not prosper, however. As Venezuela, which never made an effort to meet the economic commitments of Mercosur membership, descended further into dictatorship and economic chaos, it was suspended from Mercosur in 2016, while the Bolivia’s entry into the bloc is not yet complete.

Uruguay: “We are different!

Uruguay’s efforts to get out of the cage of their frustrating Mercosur membership without simply getting out of it have been smoldering for several years. The ‘take it or leave it’ approach that Brazil and Argentina have often shown to the smaller members of the bloc has always been annoying. And Uruguay’s relations with its neighbors on other issues, especially with Argentina on issues such as the pollution of the Rio de la Plata basin, are causes for periodic friction.

But more generally, Uruguayans feel they have done better on the political and economic fronts than their neighbors. Since the return to democracy, governments of left and right have taken moderate courses in both substance and style. A recent example: Argentinian media shockedly reported that Uruguayan President Luis Lacalle, who is seeking to pass a pension reform bill, has actually visited the headquarters of the main trade union confederation to explain his position – a move totally unthinkable in Argentina’s resentful political culture. .

But perhaps more importantly, Uruguay has managed its economy better than Brazil or Argentina, even as it has benefited from the strength of its agriculture-based export sector. Uruguayan beef and wool are exported to both Europe and Asia, with China alone already accounting for 30% of its total exports). Also, new industries such as wine and pulp and paper were developed. Uruguayan business and political leaders are keen to strike free trade deals to lock in export markets and have been frustrated by Brazil and Argentina’s reluctance to move forward.

“Don’t turn your back on us; We didn’t deserve such treatment’| National Catholic Registry


On August 12, ACI Prensa, CNA’s Spanish-language sister news agency, interviewed GC, a 28-year-old former seminarian.

A former seminarian and victim of Bishop Gustavo Zanchetta – who was sentenced to prison for sexual abuse in Argentina – has asked the Catholic Church not to turn its back on him.

On August 12, ACI Prensa, CNA’s Spanish-language news agency, interviewed GC, a 28-year-old former seminarian and victim, after the bishop was allowed to serve his sentence under house arrest in July.

The place of house arrest, according to the newspaper The Tribunois a home for retired priests of the Monastery of Our Lady of the Valley of Nueva Orán of the Order of the Immaculate Conception-Franciscan Conceptionist Mothers.

In March, Bishop Zanchetta was sentenced to four and a half years in prison after being found guilty of abuse.

“Just this: don’t turn your back on us; we did not deserve such treatment,” GC told ACI Prensa when asked what he is asking of the Catholic Church.

“Faced with such a situation, God willing, there will be no other cases, but if it happens, that [the Church] not turn his back on him, as he did on us, because we didn’t deserve this treatment, first from a person who is a persona non grata to the Church, a person who harmed the faithful, the people of God,” the victim said.

“And, second, if psychological therapy is offered so much in seminaries, well, I think the Church hasn’t seen much, in that regard. Much was known about Zanchetta when he was ordained bishop, and I think it was a mistake not to use another [worse] word,” GC said.

Regarding house arrest, the victim said he was not surprised by the judges’ decision after the request “to be able to have a comfortable prison, according to his status. He’s always emphasized the power he has, and that’s why he’s where he is and not in a prison.

“I always say that if I had lost the case, I’m sure I would have – we would have been – in jail and not under house arrest,” he added.

GC also said that in the case of Bishop Zanchetta, “justice has been served, but not in the way we expected. We expected him to serve his sentence in prison.

When asked if he felt welcomed by the Church, the victim was clear: “No, not at all. Since he left the seminary, the Church has not taken care of us or our situation. Nothing, absolutely nothing.

“I even spoke with the current bishop, Luis Antonio Scozzina. I spoke to him so he can give me the opportunity to help me with the psychological therapy that I still need,” GC said.

The victim later said that the bishop agreed “because I was not well off financially, and neither was my family. So I asked him for help for this reason, but he did not help me.

“There was not even a conversation with me [or other victims] after that, to ask how we were, if we were okay, if we needed anything,” he said.

ACI Prensa has contacted the Diocese of Oran to ask whether or not they are helping the victims with psychological therapy.

“The bishop indicates that the seminarian MC, who asked for help, although he denies having received it, received it for five months. Psychological help is planned for this, but the other (GC) did not ask for help,” the diocese replied.

After saying that at the moment he felt lonely, although there was a priest accompanying him, GC said that he “expected more from the Church. As I told you, we felt alone in this regard. The Church did not help us.

This story was first published by ACI Prensa, CNA’s Spanish news partner. It has been translated and adapted by CNA.

Dollar-strapped Argentina announces incentives for oil and gas industry


A sand refinery is seen at the Vaca Muerta shale oil and gas drilling site in the Patagonian province of Neuquen, Argentina January 21, 2019. REUTERS/Agustin Marcarian

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BUENOS AIRES, Aug 13 (Reuters) – Argentina on Friday night announced a package of tax and customs benefits for the oil and gas industry designed to attract dollars to the South American nation, which is battling crippling inflation and a low level of foreign exchange reserves.

The measures were announced on Thursday – and follow other incentives for the agribusiness and tourism sectors also meant to attract dollars – and were formalized on Friday by new Economy Minister Sergio Massa. Read more

The measures will only benefit companies that invest a minimum of $50 million.

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Argentine President Alberto Fernandez has long sought to attract new investment in the country’s massive Vaca Muerta shale formation, one of the world’s largest for unconventional hydrocarbons.

The development of Vaca Muerta could make Argentina a net exporter of oil and gas, bringing much-needed dollars to the economy.

Under Fernandez, the country imposed rigid exchange controls that failed to reduce inflation, which is expected to reach 90% this year.

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Reporting by Marcelo Rochabrun; edited by Diane Craft

Our standards: The Thomson Reuters Trust Principles.

What is the status of poliomyelitis in Argentina? They found the virus in the UK and the US


While alarms were raised in different countries due to the presence of traces of the poliomyelitis virus, the Ministry of National Health reported that in October a National vaccination campaign against poliomyelitis, measles, rubella and mumpsWith the aim of reaching 95% or more of the population aged 13 months to 4 years to maintain the eradication of these diseases in the country. The last case of poliomyelitis in Argentina was reported in 1984 in a child from the province of Salta.

Poliomyelitis is a highly transmissible disease caused by the poliovirus, which can be serious and most often affects infants and children under 5 years old. over the past few weeks, Countries like the UK and the US have detected the virus in sewage.

“The goal is to vaccinate at least 95% of children aged thirteen months to four years, eleven months and 29 days. MMR vaccine and inactivated poliomyelitis vaccine (IPV) applied as an additional dose throughout the territory of the Argentine Republic”, he specified a few months earlier to the country’s Ministry of Health.

He also stated that “public and private health servicesas well as various institutions, Guarantee free and compulsory vaccination for the entire target populationregardless of the history of having already received these vaccines or of suffering from diseases”.

To this end, public health services in coordination with the Ministry of Health should be “dedicated as a priority to campaign activities from October 1 to November 13, 2022”. Vaccines, as well as disposable material and vaccination records, will be provided by Carla Vizotti’s portfolio manager.

how poliomyelitis spreads

polio It is transmitted mainly through the consumption of substances contaminated with the virus. (found in feces) and by direct contact With people who can spread the disease. Some cases are mild; Others are much more serious and result in permanent physical disability.

loss Symptoms They can be mild and flu-like: Fatigue, fever, headache, stiffness, muscle aches and vomitingYou may take up to 30 days to appearThe time during which an infected person can transmit the virus to other people.

This disease can be prevented by vaccination. In Argentina, the vaccination program consists of 3 doses of IPV (inactivated injectable poliomyelitis vaccine) or Salk: at 2, 4 and 6 months, and a booster at school entry with the IPV or Salk vaccine.

situation in argentina

According to the 2020 annual report on the state of eradication, the Ministry of Health published that Considering low coverage, surveillance quality and social determinants, Argentina is classified as a high risk area for reintroduction and possible spread of poliomyelitis.

In which way, Coverage of the national immunization schedule has shown a steady decline since 2017, which was increased by the coronavirus pandemic by an average of 10 to 15 points compared to previous years. On the other hand, polio vaccination coverage nationwide reached less than 75% for all ages in 2021.

for his part, of Garhan Children’s Hospital It was noted in April this year that “Polio eradication is getting closer thanks to vaccination”.

At this stage, he stressed that “thanks to the effectiveness of poliomyelitis vaccines, we are close to its definitive eradication” and that “of the three known serotypes of wild poliovirus (1, 2 and 3), 2 1999 is not no longer operational since 2012 and 3”.

Along the same lines, from the hospital, he reported that “in 1988 there were approximately 350,000 endemic cases of poliomyelitis in over 125 countries. In 2019 there were 175 cases and in 2021 there were only five cases.

He added: “Currently, polio is only endemic in Afghanistan and Pakistan. However, as long as there are cases anywhere on the planet, all countries are at risk.

Finally, he explained that “in the world, the incidence of cases has decreased by more than 99% since the start of the Global Polio Eradication Initiative in 1988”, while “in Argentina, almost no cases in 40 years”. Did not come. Has been recorded, the last was recorded in 1984.

landscape of the world

UK Health Protection Agency (UKHSA) announced on Wednesday it would reactivate a polio vaccination campaign for children aged nine months to 12 years after the virus was detected in London sewers.

declared licensed in UK in 2003, The virus has been detected around 116 times in sewage During the study carried out in the facilities of the metropolis, more precisely, in the eight districts located to the north and east.

The aim of the program is to reduce the risk of a minor becoming infected and also to increase immunity levels to make it more difficult for the virus to spread.

For its part, the Ministry of Health New York announced on Friday that Polio virus detected in city’s sewagewhich A. rings the alarm bell on possible community movement of illness.

New York State Health Commissioner Dr. Mary Bassett called the results alarming. He said local and federal officials in the area are assessing how far polio has spread in the city and state.

Live Updates: Lee Jae-yong to be officially pardoned on corruption charges


Johnson & Johnson stopped selling talc-based power in the US and Canada in 2020, citing declining sales © REUTERS

Johnson & Johnson said it will halt production of its talc-based baby powder in 2023 as it fights nearly 40,000 legal claims that the product has caused users cancer.

The US drugmaker said on Thursday it had decided to switch to a cornstarch-based baby powder, which it has already launched in US and Canadian markets.

J&J said its position on the safety of the talc product, which has been sold for more than a century and is closely associated with the J&J brand, remains unchanged.

“We strongly support the decades of independent scientific analysis by medical experts around the world confirming that JOHNSON’S® Baby Powder with Talc is safe, contains no asbestos and does not cause cancer,” said the company in a press release.

J&J stopped selling talc-based energy in the United States and Canada in 2020, citing declining sales. The move coincided with a deluge of court cases from people who claimed J&J’s talc-based baby powder was contaminated with asbestos and caused them to develop ovarian cancer or mesothelioma. .

J&J has lost several major cases, including a Missouri decision that awarded $4.7 billion in damages to 22 women who blamed their ovarian cancer on asbestos in the drugmaker’s baby powder . In June, the Supreme Court declined to reconsider the case, in which damages had already been reduced to $2.1 billion.

Last year, J&J rolled out a controversial bankruptcy strategy known as “Texas Two-Step” to help it manage the nearly 40,000 cases.

The bankruptcy maneuver used pro-business laws in Texas that allowed J&J to split into two separate entities and funnel all of its talc liabilities into one subsidiary, which it called LTL. LTL then filed for Chapter 11 bankruptcy protection, which suspended all talc claims.

The plaintiffs filed lawsuits in an attempt to get rid of the bankruptcy.

Take out payday loans during inflation


Inflation in the United States hit its highest level in 40 years in June. Although the inflation rate eased slightly in July, consumers are feeling the pressure of higher prices, and there is no guarantee that the current inflation problem has peaked. Given the current economic conditions, many Americans are looking for loans and predatory lending is on the rise.

Payday loans are short-term, high-interest loans that must be repaid on your next payday. They are easy to obtain but difficult to repay, often with hidden fees and extremely high interest rates. Payday lenders are notorious for setting up storefronts in low-income areas and can throw people into a cycle of debt.

Although not all payday lenders are predatory, you should consider other options before getting a payday loan. Here’s everything you need to know about taking out a personal loan in times of inflation.

The impact of rising inflation

Consumer prices rose 8.5% in July, down 0.6% from June. Despite this slight slowdown, it is unlikely that the inflation rate has peaked. As the price of basic necessities like gasoline, food and housing continues to rise, consumers are feeling the pinch.

Two-thirds of Americans were living paycheck to paycheck in June. Meanwhile, US consumer personal debt is higher than ever. Given that the unemployment rate is currently the lowest since 1969, it is clear that rising inflation is putting severe financial pressure on consumers.

As gasoline prices have started to fall, food and housing prices are skyrocketing. “Consumers take a break at the gas pump, but not at the grocery store. Food prices, and in particular food-at-home costs, continue to soar, rising at the fastest rate in more than 43 years,” said Greg McBride, Bankrate’s chief financial analyst, “ Lower gas prices have been very welcome, but this does not solve the inflation problem.

Inflation leading to interest rate hikes

To combat this runaway inflation, the Federal Reserve has raised interest rates four times this year and is expected to raise them again before the end of 2022. These rate hikes have already pushed up average personal loan rates, and With more rate hikes on the way, new personal loan borrowers will likely see higher interest rates.

This does not bode well for those looking for payday loans, as these loans already have much higher rates than other personal loans.

Should I take out a personal loan?

Payday loans can be very tempting if you’re struggling financially due to inflation and need cash fast. If you can find a payday lender that offers decent rates and you’re pretty sure you can pay it back on your next paycheck, that might be a viable option. However, taking out a personal loan involves many risks and you should only do so as a last resort.

Payday loans have fixed interest rates, which means the rate you pay doesn’t change for the life of the loan. They are designed to be short-term loans that help people cover necessary expenses between paychecks or emergency expenses. Payday loans are generally for smaller amounts, $500 or less on average. However, they come with exorbitant interest rates. The average two-week payday loan comes with an APR of almost 400%. By comparison, the average APR for a regular personal loan is just over 10%.

The dangers of payday loans

Payday loans can attract borrowers with bad credit because most payday lenders don’t do credit checks. However, taking out a payday loan can further damage your credit and throw you into a cycle of debt that can be difficult to escape. It is extremely common for payday loan borrowers to have difficulty repaying the loan at the end of the loan term of two to four weeks, forcing them to take out an additional loan to meet the payment deadline.

Nearly 1 in 4 payday loan borrowers take out additional loans nine or more times after the first loan. Low-income communities are particularly vulnerable to payday lenders, and black and Latino communities are disproportionately targeted.

Alternatives to payday loans

There are several alternatives to payday loans, even if you don’t have strong credit.

Credit card

There is no minimum credit score to qualify for a credit card, although individual cards have requirements. Although you shouldn’t make a habit of racking up credit card debt, using a credit card to cover your expenses is a better option than taking out a payday loan.

Credit cards have much lower interest rates than payday loans, and you have 30 days to pay off your credit card balance before it incurs interest.

Borrow from a credit union

If you have time to join a credit union and go through the application process, borrowing from a credit union could be a valid option. Credit unions tend to have lower interest rates than traditional lenders, and many offer payday loan alternatives (PALs) that let you borrow $200 to $1,000 for one to six months. These loans have an APR ceiling of 28%.

Personal loans for borrowers with bad credit

Online personal lenders tend to have quick approval and fund delivery times, and many online lenders are open to working with borrowers with bad credit. While borrowers with bad credit are likely to receive the highest interest rates from a lender, most personal loan borrowers cap their APRs at around 35%, which is still well below that of mortgage loans. salary.

If you want to take out a personal loan, you should compare the best lenders and prequalify with a few before making a decision. It’s also worth looking into small personal loans, especially if you don’t need to borrow a large amount of money.

Emergency rescue services

If you need help right away, federal and local programs are available to help. For example, the Emergency Rent Assistance Program is set up to help families cover rent and utility costs when needed. If food costs are a concern, it might be worth visiting your local food bank to ease the burden. It’s also worth checking to see if your local community has community service agencies that offer help with expenses like rent and back-to-school expenses for children.

Alternative ways to earn income

If you have items you are willing to part with and need money for necessities, it may be worth selling things like clothes and jewelry online or at a pawn shop to earn income. additional at a glance. If you have an extra room in your home, you might consider renting it out through Airbnb or hiring a roommate to reduce rent or mortgage costs.

At the end of the line

As inflation continues to soar, people are struggling to pay their bills and looking for ways to supplement their income. Although payday loans are a quick and easy way to get food on the table or fill up on gas, they are incredibly dangerous.

A payday loan could put you in debt and ruin your credit. If you are having financial difficulty and are considering a payday loan, consider the alternatives listed above and see if they will work for you before making this decision.

When could the Superclassico between Boca and Rivera take place?

Boca and River could meet in the Argentina Cup semi-finals (@fotobairesarg)

Boca Juniors enters the next stage of the Copa Argentina And it survives on two fronts. Following their victory against Carlos Casares’ Agropecurio in Salta, they became the second team to be classified in the quarter-finals of the competition (taking into account yesterday). The Paraná Board of Directors abolished the Gymnasia La Plata in Resistencia.) Now he’ll be waiting for an opponent in the next round, while eyeing the whole table out of the corner of his eye and a chance to face another Superclassico.

Although there is still no fixed place, date or time, there are still six matches to be played, corresponding to the knockout stages of the National Cup. of the winner of the series to face Quilmes and Deportivo Madryn Boca’s opponent will come out, once again favorite against a team from the promotion as in the previous round (he has already left Central Córdoba de Rosario, Ferro Carrille Oste and Agropecurio along the way).

Meanwhile, the board waits in the quarters river or defense and justice, the duel that will be confirmed for the last week of August. if he millionaire dominate over falcon Florencio Varela should send people from Entre Ríos to reach the semi-finals, an example in which he could face zenise In a Superclassico, which had the same final as the previous edition (Ribera’s men beat Nez in the round of 16 by a penalty shootout). If it is done, Boca-River will be played between the end of September and the beginning of October.

There are also interesting crosses on the other side of the painting. banfield will be put to the test with a national premier team like Gymnasticsat the same time Godoy Cruise see you with Belgrano of Cordobawho is the leader in his category and has just delivered a hit against Estudiantes de la Plata in the round of 16. Two other meetings with multiple condiments will take place in the coming weeks: Velez-Independente and Talares de Córdoba-Navelles.

Here is the photo of the Argentina Cup
Here is the photo of the Argentina Cup

8th Argentine Cross Cup

(with confirmation of place and date)

Defense and Justice – River

Jujuy’s Banfield-Gymnastics

Godoy Cruz Belgrano


Talares Newells

Quilmes-Deportivo Madryn

continue reading:

The board eliminates Gymnasia La Plata and is a potential rival to River in the Argentine Cup.

‘Do you want to stay here and do well for Boca?’: Details of Riquelme’s call to Chiquito Romero in blitzkrieg

An ambush, two bullets and the River Plate Bar as robbery: Gonzalo Acro assassination timeline, 15 years after the crime

Sick again, Argentina’s economy eats away at country’s sanity – study


People exercise inside an office building, in Buenos Aires, Argentina August 9, 2022. REUTERS/Agustin Marcarian

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BUENOS AIRES, Aug 10 (Reuters) – Argentines mired in their country’s latest economic crisis are feeling a growing sense of hopelessness, according to a landmark mental health study that points to boom times for at least one profession: psychologists.

Plagued by runaway inflation that depresses livelihoods as the peso currency steadily declines, the dysfunctional economy is wreaking havoc on the mindset of the people as well as their wallets.

This is the conclusion of a survey by the Applied Psychology Department of the University of Buenos Aires (UBA), which revealed that more than 85% of the 1,700 people questioned believe that the current crisis has made them less optimistic for the future. future, with half describing the change as significant or drastic.

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Blessed with rich natural resources, the South American country has nonetheless moved from crisis to crisis for much of its more than 200 years since independence, gradually helping to fuel the demand for mental health care, which are generally accessible in public hospitals.

According to pre-pandemic data from the World Health Organization, Argentina had 222 psychologists per 100,000 people, compared to 49 in France and 30 in the United States.

“The constant cycle of crisis has filled so many medical offices,” said Gustavo Gonzalez, head of UBA’s applied psychology department.

“Things are bad, and in some ways worse in terms of mental health.”

The UBA survey showed that the terms most used by respondents to describe their current state of mind were ‘anxiety’, ‘fed up’, ‘anger’ and – the most used term among 18-29 year olds – ‘frightened’. for the future “. .”

Nearly 90% said they thought their economic situation would get worse over the next year.

President Alberto Fernandez has sought to stop the economic rot with measures, including giving his last economy minister, Sergio Massa, expanded powers over trade, industrial and agricultural policy.

Meanwhile, the ranks of the poor have swelled to almost 40% of the population.

UBA’s Gonzalez said the current turmoil is contributing to “psychological saturation” for those most affected, as too many emotionally drained people have essentially given up on the possibility of a better future.

“The average Argentinian doesn’t seem to find the light at the end of the tunnel, and he obviously holds the government accountable,” he said, potentially bad news for the center-left Peronists in power under Fernandez when the country will hold elections next year.

“It’s like a curse that comes back forever.”

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Reporting by Lucila Sigal; Additional reporting by Belen Liotti; Written by David Alire Garcia; Editing by John Stonestreet

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Excitement is building for the first World Cup in Qatar


One last chance for Lionel Messi and Cristiano Ronaldo. Kylian Mbappe back on the biggest stage of them all. Brazil vying for a record sixth title.

One of the most anticipated World Cups in memory – as much for reasons off the pitch as for those on it – is fast approaching in Qatar and excitement is building after the qualifying period ends.

Thirty-two teams, 64 games, 28 days. The first World Cup in the Middle East.

The tournament begins on November 21 and the final is scheduled for December 18.

Here are some things to look out for when the tournament takes place in the smallest country to ever host a World Cup:


Brazil (n°1 in the FIFA ranking). Neymar, Vinícius Junior and the rest of the flair-filled Selecao peak at the right time. Is a first world champion title since 2002 on the horizon?

Belgium (n°2). The “Golden Generation” is breaking up little by little but there is always Kevin De Bruyne at the head of the Belgian charge.

Argentina (#3). No world champion title since the days of the great Diego Maradona. It will be the first World Cup since his death in November 2020 and Argentina are improving, with Messi still at heart.

France (#4). The defending champions. Still the country with the most depth in their squad. Now with Mbappe and Karim Benzema leading the attack. No team has retained its World Cup title since Brazil in 1962.

England (#5). Semi-finalist in the World Cup in 2018, finalist in the European Championship in 2021. The worst performing national team in football is moving in the right direction.


Lionel Messi, Argentina. The seven-time World Player of the Year might have saved his 35-year-old legs for one final push towards a World Cup winner’s medal that many believe would solidify him as football’s greatest ever player.

Cristiano Ronaldo, Portugal. He won the European Championship, but the top scorer in men’s international football hasn’t played in a World Cup final, let alone won one. He’s 37 now, enjoy it while you can.

Kylian Mbappe, France. The star of the last World Cup at 19 and he’s only getting better. The speedy striker could rival Brazilian great Pelé in being champions in his first two World Cups.

Kevin De Bruyne, Belgium. Widely regarded as the best midfielder in the world, his drive-thru runs are some of the finest views in football. Belgium can only hope that he arrives in good health.

Neymar, Brazil. Increasingly overshadowed by Mbappe and Messi at Paris Saint-Germain, still Brazil’s main man. Beware of tips and tricks, as well as some histrionics.


Get ready for a football feast. There are eight groups of four teams, with the top two qualifying for the 16-team knockout stage.

There will be four consecutive matches per day — yes, four! — for each of the first two series of group matches, then simultaneous kick-offs for the last two matches of each group.

There will be no break for the knockout stage, which begins the day after the group stage ends. The first day without football will be on December 7, the 17th day of competition.


Senegal vs Netherlands, November 21. The first match of the tournament and always a date to remember on the calendar. With Sadio Mane and Virgil van Dijk on the pitch, it’s also interesting.

Argentina versus Mexico, November 26. The first of the big continental rivalries in the group stage, with Messi potentially sealing his and Argentina’s place in the last 16.

Spain v Germany, 27 November. Surely there haven’t been many more important group stage matches than this at a World Cup? Two recent champions, two giants of European and world football.

Iran vs. United States, November 29. It was labeled as “The Mother of All Games Part II”. Just like in the World Cup in 1998, the two countries will meet in the group stage in a politically charged game. Diplomatic relations have yet to be restored between the nations since they were severed in 1980.

Ghana v Uruguay, December 2. Does anyone remember the night of July 2, 2010? In the last minute of extra time in a World Cup quarter-final match between Uruguay and Ghana, Luis Suarez deliberately stopped the ball with his hand on the goal line, was sent off, only for that Ghana miss the penalty and lose in a shootout as Suarez celebrated on the sidelines. Revenge would be sweet for Ghana.


With this World Cup taking place in the middle of many countries’ domestic seasons, there won’t be the usual build-up of friendlies before the tournament.

Indeed, for European countries, the Nations League qualifiers which will take place from September 22 to 27 will represent the last games of the teams before the World Cup.

Highlights include Italy v England (September 23), Netherlands v Belgium (September 25), England v Germany (September 26) and Portugal v Spain (September 27). ).

The United States will face Japan on September 23 and Saudi Arabia on September 27, with both friendlies taking place in Europe.

PSG’s Neymar celebrates after winning the French Super Cup final soccer match between Nantes and Paris Saint-Germain at the Bloomfield stadium in Tel Aviv, Israel, Sunday July 31, 2022. PSG won 4-0. (AP Photo/Ariel Schalit)
Photo Manchester United’s Cristiano Ronaldo walks onto the pitch at the end of the English Premier League soccer match between Manchester United and Brighton at Old Trafford stadium in Manchester, England on Sunday August 7, 2022. Brighton won 2-1. (AP Photo/Dave Thompson)
Photo Manchester City’s Kevin De Bruyne heads the ball during their English Premier League soccer match between West Ham United and Manchester City at the London Stadium in London, England on Sunday, August 7, 2022. (AP Photo/Frank Augstein)

Will a loan on my 401(k) affect my mortgage?


If you want to put some of the money you’ve accumulated in your 401(okay), you need to use a short-term mortgage that you’ll pay cash from your paychecks. Borrowing from your 401 (okay) can usually be a better way to get money than using higher interest loans like title loans, payday loans, and even private loans. .

If you’re considering a 401(ok) mortgage, you might be wondering how it will affect your other money owed like your mortgage. The short answer is that it was not received. Whether or not you are able to qualify for a mortgage, or are already paying off one, a 401 (okay) will not affect other amounts owed.

In this article, we will clarify how 401(ok) loans work and the pros and cons to think about.

  • A 401 (ok) mortgage can present a way to bring funds into your account for short-term cash.
  • 401(k) loans also have no impact on your mortgage, whether it’s your current mortgage or the one you’re using.
  • You should use a 401 (ok) mortgage for many uses, such as a down payment on a house.
  • Try to pay off your 401 (ok) mortgage shortly. The longer you take to pay off the mortgage, the more you will miss the compound interest facility.

401 (ok) Loans and Mortgages

A 401(ok) mortgage has pros and cons to consider. If used responsibly, it can be an easy way to enter cash to pay short-term bills. However, withdrawing funds from your retirement account can have long-term effects on the value of your portfolio. The longer your money doesn’t have to be invested, the longer you miss the convenience of compound interest.

A 401 (ok) mortgage has interest paid on your account, but it does not contain a lender or an assessment of your credit history. By settlement, you can borrow up to the lesser of: 1) $50,000 or; 2) the greater of $10,000 or 50% of your account value.

Receiving a mortgage on your 401 (okay) shouldn’t be a taxable occasion until mortgage limits and indemnification guidelines are violated. It has no impact on your creditworthiness and no impact on your mortgage. It will not affect the rates and terms of your current mortgage or play a role in your software for a new mortgage.

In fact, you can take out a 401(ok) mortgage to use as a down payment for a house.

401(k) loans will have no effect on your mortgage. They will allow you to access some of your retirement savings for short-term needs. You may be solely responsible for repaying the mortgage if you wish to maintain your tax advantages and avoid penalties.

401(ok) Loans and Real Estate

You must use a 401 (ok) mortgage to finance the acquisition of real estate. In reality, the basics of 401(ok) loans are totally different if you are using the mortgage to purchase a home.

Standard laws require 401(ok) loans to be repaid on an amortized basis, or with a fixed payout schedule in common installments, over less than 5 years. However, if the mortgage is used to purchase a principal residence, the indemnity interval in this case could be longer. Your plan administrator defines the phrases for a long time.

However, it rarely makes sense to use a 401(ok) mortgage to fully finance a home purchase because in most cases a daily mortgage will provide additional monetary benefits. For one thing, you can’t deduct your interest funds on 401(ok) loans like you can with mortgage interest funds. Also, borrowing money from your 401(okay) for long enough to pay off a house might significantly reduce the value of your long-term portfolio.

Another approach that a 401(ok) mortgage can play a part in buying real estate is in case you use the money to pay down payment fees or closing prices. Since the 401 (okay) mortgage isn’t technically a debt – you’re taking out your personal money regardless – it has no impact on your debt to income ratio or your credit score. credit, each of them being main elements considered by lenders.

Will a mortgage on my 401(ok) affect my mortgage?

A 401 (ok) mortgage will not affect your mortgage or your mortgage software. A 401 (ok) mortgage has no impact on your debt-to-equity ratio or your credit rating, two important things that affect mortgage lenders. In fact, some consumers use 401(ok) mortgage funds as a down payment on a home.

Are 401(ok) loans a good concept?

A 401(ok) mortgage has pros and cons to consider. Whether or not this is a good suggestion for you depends on many things about your personal financial situation. These loans can be an excellent source of low cost money for short term needs. However, they can reduce the value of your retirement portfolio in case you don’t make timely repayments.

Can I use a 401 (ok) mortgage for an upfront cost?

You must use a 401 (ok) mortgage for a down payment and it will not affect your debt to income ratio. Just make sure you can pay off your 401 (ok) account soon. The longer you take to pay off your mortgage, the more you will miss the compound interest facility.

The back line

In some cases, a 401 (ok) mortgage is usually a good way to access short-term cash. 401(k) loans also have no impact on your mortgage. In fact, taking out a 401 (ok) mortgage is usually a great way to increase down payment costs for a home. Remember that the downside of these loans is that they take funds out of your financing, so you may miss out on the ability to compound until you pay off the mortgage.

Today’s Panchang: What Happened on August 7?


In August 7 Panchang These events are the most different from what happened today in Argentina and in the world:

1932. Juan Carlos Zabala wins the Los Angeles Olympic Marathon

Argentina Juan Carlos Zavala Won the Olympic marathon at the Games in Los Angeles. Born in Rosario in 1911, he competed at the Berlin Olympics in the 10,000 meters and finished sixth. He died in 1983.

1941. Death of Natalio Botana

He lost his life as a result of injuries in a car accident Natalio Botana, Death in Jujuy at the age of 52 shocked him. Born in Uruguay in 1888, he revolutionized journalism in Buenos Aires with the founding of the newspaper examAs editor of the evening newspaper in 1913, he became the country’s most powerful and influential press man. Married to the anarchist terrorist Salvadora Medina Onrubia, it is in his country house of Don Torcuato that the Mexican artist David Alfaro Siqueiros painted the mural plastic exerciseBotana’s first grandson was born in 1939 as Ral Demonte Botana, and would be universally known as Copi.

1942. Birth of Carlos Monzon

Carlos Monzon Born in Santa Fe. From modest origins, he became the most important boxer in Argentina. He established himself as the world middleweight champion in 1970 and retired undefeated in 1977 after 14 fights. In 1988 he murdered his wife Alicia Muniz in Mar del Plata. He was sentenced to eleven years in prison. He was returning from a makeshift walk when he lost his life in a road accident on January 8, 1995.

1942. Born Caetano Veloso

One of the greatest musicians of all time was born in Brazil: Caetano Veloso, It reaches the world in the state of Bahia. Brother of singer Maria Bethania, his career took off at the end of the 1960s. He had to go into exile in London because of the military dictatorship. His discography includes iconic works, such as abroad You end stampIt has been presented several times in Argentina.

1948. Delfo Cabrera and the second Olympic gold medal in the marathon

delfo cabrera He became the second Argentine to win an Olympic marathon. The Armstrong-born sprinter in the province of Santa Fe won the gold medal in London. He was 29 and two other Argentinians finished in the top ten: Eusebio Guínez (fifth) and Armando Sensini (ninth). No other country managed to place three runners in the top ten of the Olympic marathon until Beijing 2008, when three Ethiopians finished in the top seven. Cabrera died in a traffic accident in 1981. His victory in London (which he repeated at the first Pan American Games in Buenos Aires in 1951) coincided with Juan Carlos Zabala’s victory in Los Angeles sixteen years earlier. For this reason, August 7 is considered Marathon Runners Day in the country.

2007. Barry Bond Files

One of the most remarkable sports records ever produced in the 21st century. Baseball player barry link He completed his 756th home run for the San Francisco Giants. The previous record, 755, had been held since 1974. Years later, Bond faced doping charges, but was fired.

2011. Death of Leo Mattioli

singer from cumbia Leo Mattioli He died in Necochia a few days before his 39th birthday. He was born in Santo Tomé, province of Santa Fe. A cardiorespiratory arrest extinguished his life. He embodied Cumbia with the Trinidadian band and went on to pursue a successful solo career.

2015. Manuel Contreras died

86. but the general’s death contraras manual, symbol of the terror of Augusto Pinochet’s dictatorship in Chile. After the 1973 coup, he established the structure of the National Intelligence Directorate, DINA, which would be Pinochet’s secret police. Contreras was a key element in the fabric of Operation Condor, a network of coordinated repression among South American dictatorships. His estrangement from Pinochet led to the loss of his job: the dictator removed him from his post and dissolved Dina and turned it into a national intelligence center. In 1993, he was sentenced to seven years in prison for his role in the attack that killed Orlando Letelier in Washington. Italy claimed responsibility for the attack on Bernardo Leighton. In Argentina, he was found guilty of the bomb that killed Carlos Pratt and Chile refused his extradition, although Chilean justice later charged him for this act. He added a sentence of more than 500 years to his country.

Wallabies captain Michael Hooper withdraws from tour, citing ‘mindset’ | sport


Captain Michael Hooper pulled out of the Wallabies Rugby Championship test against Argentina 24 hours before kick-off, saying he was not in the ‘right frame of mind’ to lead or represent the country.

The tireless flanker was named to lead the side in their 122nd Test on Sunday morning (AEST) but will now return to Australia, missing both matches against Pumas. Fellow Test centurion James Slipper will captain the team in Mendoza, while Fraser McReight will replace Hooper in the number seven jersey.

“Although this decision was not made easily, I know it is the right one for me and for the team at this point,” Hooper said in a statement. “My whole career I have sought to put the team first and I don’t feel capable of fulfilling my responsibilities at the moment in my current state of mind.”

Hooper addressed his teammates ahead of the announcement, telling the team he had the utmost confidence they could win the Tests against Argentina without him.

Coach Dave Rennie said his 30-year-old captain had shown “genuine courage”.

“Michael is one of the most professional and impressive men I’ve coached, I know it was a tough decision for him,” he said. “He showed real courage in acknowledging where he is and acting on it. We will support him in any way we can and I know the team will be focused on getting the job done tomorrow.

Wallabies coach Dave Rennie said there were no signs of angst from Hooper during the week. “Nothing was obvious to us in the way he trained, how he contributed to the team, the leadership was great, but clearly he struggled a bit and was covering it up enough fine,” Rennie told Argentine reporters on Saturday (AEST).

“Obviously he’s been able to pull things off over the last few weeks and we certainly weren’t aware of anything, but he’s such a professional and he was able to go on and get the job done.

“He spoke to the team today who took a tremendous amount of courage to let them know that he was not well and that he thought it was better for him and for the team than he’s coming home. “It was an easy decision to let him go home where he’ll have a lot of support around him.”

Hooper contacted Wallabies team doctor Sharron Flahive, who set the wheels in motion for his homecoming. He will return to Sydney with Waratahs team-mate Dave Porecki, who is unavailable for both Tests due to a head injury in training.

Hooper captained Australia in their recent 2-1 loss to England at home and has been a regular feature in the squad since his debut in 2012.

The Wallabies have a busy schedule in the coming months. After two Tests in Argentina, they return to Australia for Rugby League Tests against reigning world champions South Africa and then a two-Test series against New Zealand as they attempt to create a momentum for the Rugby World Cup in France next year.

“Michael is an incredible leader, it takes a brave man to identify where he is and present himself while having the best interests of the team at heart,” said Rugby Australia boss Andy Marinos. “His well-being is and remains the top priority at this time where Rugby Australia and the Australian rugby community will do everything to support him and his family.”

Last year, Hooper took a six-month sabbatical to quit Australian rugby and play in Japan’s Top League. He then went on another contractual leave and missed most of the 2021 Super Rugby season for the NSW Waratahs.

Although Hooper returned for the final part of the 2021 Super Rugby Pasifika season and led the Wallabies with the usual aplomb in the recent home series against England, Hooper has spoken openly in the past about the stresses of the sport professional, leadership pressure and effects. social media on young players.

“You try to be the best you can be and sometimes it doesn’t work out, and when it doesn’t work out it’s hard to deal with,” Hooper has told media in the past. “I think it’s important, especially for young players, to be educated on how to deal with this.

“Players talk to each other about it a lot better,” Hooper said. “It’s definitely something that’s paramount, how people feel. There’s so much going on, you see so many things constantly bombarding you about your work, day in and day out.

Australia captain Hooper won’t play against Argentina’s Los Pumas and will return to his home country


Australia rugby captain Michael Hooper will not be available for Saturday’s match against his Argentinian counterpart for the first Rugby Championship date, and will immediately return to his home country “for personal reasons”, he announced on Friday. Rugby.

Hooper, who was confirmed to start in the fifteenth of the Wallabies for Saturday’s match in Mendoza (West), suffers a last minute accident and should not play against the second appointment. . Los Cougars.

Rugby Australia said in a statement that Hopper, who has 121 appearances for the national team, “is not currently mentally fit to carry out the mission of leading and representing his country”, for which he has played his first “personal” match. the reasons”. Teammates and technical staff.

Hooper said: “I know it wasn’t an easy decision to make, but it’s the right one for me and the team right now. I spent my whole career trying to move the team forward and I don’t think I will. I can. My responsibilities right now. ,

Wallabies coach Dave Rainey said: “Michael is one of the most professional men I have ever worked with. I know it was a tough decision for him. He decided to accept his position and act accordingly. I showed great courage. We will support as much as possible and the team will focus on tomorrow’s game.

James Slipper will then be Australia’s captain in Mendoza, while Fraser McWright will replace Hooper at number seven.

The Hoopers are experiencing a second weight loss among the Wallabies, who had already landed in Argentina without the center Samu Carevi, a key factor in the motorization of the attack of the Australian formation.

Australia will do it on Saturday with: Tom Wright – Jordan Petia, Len Ikitou, Hunter Paisami and Marika Koroibet – Quaid Cooper and Nick White – Rob Valentini, Fraser McRaete and Jade Holloway – Matt Phillip and Darcy Swain – Alan Allatoa, Folau Finga’ a and James Slipper (captain). Subs: Lachlan Lonergan, Matt Gibbon, Daniela Tupo, Nick Frost, Rob Liotta, Pete Samu, Jake Gordon and Reece Hodge.


Buenos Aires Weather | New Latin American government bonds are the rarest finds for emerging market buyers


It’s a slim pick for investors looking for new Latin American sovereign bonds, as the region’s pipeline of new foreign debt is emptying faster than in any other emerging market pocket.

Latin American governments have sold just $21.6 billion of debt denominated in dollars, euros or yen this year as of August 5, down 61% from the same period of 2021, according to data compiled by Bloomberg. It is the steepest slowdown of any developing region as officials around the world steer clear of higher borrowing costs associated with the Federal Reserve and European Central Bank’s battles with inflation.

The supply of new foreign bonds around the world has taken a hit this year as major central banks have raised interest rates, making it more expensive for governments to access international debt markets. Russia’s invasion of Ukraine and its impact on commodities has also complicated some countries’ financing plans. Dollar-denominated sovereign bonds in emerging markets have caused investors losses of nearly 17% this year, compared to a 7.5% drop in US Treasuries, according to the Bloomberg indices.

“Emissions are lower across the board, but the decline may appear larger in Latin America as emissions are down from a fairly high level in 2020 and 2021,” said Teresa Alves, emerging markets strategist at Goldman Sachs Group Inc. “This increase was driven by high Covid-related spending in the region, which is now likely coming back.

In Latin America, officials sold US$55 billion of hard-currency bonds in 2021, more than any other developing market region that year, according to data compiled by Bloomberg.

This year, however, sales have been less frequent. The Mexican government has so far been the biggest seller of bonds in Latin America with $6.7 billion in new bonds, followed by Chile’s $6 billion in sales, according to data compiled by Bloomberg. Guatemala was the most recent country in the region to tap into international debt markets, while Brazil, which is usually a big issuer in the region, has not sold bonds abroad this year. .

Yet the region stands out for its debt sales, the proceeds of which claim to be earmarked for environmental, social or governance-related projects. All of Chile’s and Peru’s government issues have been marketed as ESG this year, accounting for about half of those bonds in emerging markets, according to the data.

JPMorgan Chase & Co. strategists Nishant Poojary and Trang Nguyen estimate that Latin American governments could offer a total of US$41.9 billion in gross issuance in 2022. Emerging markets could more widely sell more than US$124.2 billion, with Asia planning to issue about US$26 billion and Europe, the Middle East and Africa responsible for the remaining US$56.3 billion, they said. declared.

Another reason new issues are drying up is that 18 countries now have bonds trading at average spreads of more than 1,000 basis points over comparable US Treasuries – a sign of distress.

“Argentina, Ecuador and El Salvador remain out of the market,” Christopher Dychala and Shelly Shetty of Fitch Ratings said in a Tuesday note. Additionally, “higher borrowing costs at a time of rising debt burdens across the region underscore vulnerability to tighter external financing conditions.”

Governments in emerging markets around the world have sold about $90.5 billion in dollar, euro or yen bonds this year, down 46% from the same period a year earlier, according to data compiled by Bloomberg.

“There has been a general death in emissions,” said Giulia Pellegrini, fund manager at Allianz Global Investors in London. “The market is effectively closed to virtually all emerging markets. There have been a few instances of issue, but they have been rare. »

by Bloomberg / Sydney Maki

Buenos Aires Weather | “Desabastecimiente, pobreze y desemplee” [shortages, poverty and unemployment]: Jair Bolsonaro mocks Argentina using inclusive language

Buenos Aires Weather |  “Desabastecimiente, pobreze y desemplee” [shortages, poverty and unemployment]: Jair Bolsonaro mocks Argentina using inclusive language

Jair Bolsonaro has condemned the use of inclusive language in Argentina, posting a controversial tweet this Wednesday, using inclusive language to refer to Argentina’s chaotic economic situation: “Now there is ‘Desabastecimiente, pobreze y desemplee” [shortages, poverty and unemployment]. May God protect our Argentine brothers,” the Brazilian president tweeted defiantly.

He also sent a special message to Lula Da Silva, his rival for the October presidential election.

It is not the first time that Bolsonaro has criticized his neighboring country. On this occasion, the Brazilian leader denounced the alleged “officialization” of the inclusive language in Argentina, suggesting that its widespread use shows a lack of respect for culture, traditions and national symbols.

“I’m sorry to see Argentina’s formalization of neutral language. How does this help your people? The only change this brings is that there is now “desabastecimiente, pobreze y desemplee” [the inclusive-language spelling of the words for shortages, poverty and unemployment.] May God protect our Argentine brothers and help them out of this difficult situation. he tweeted.

Jair Bolsonaro’s government banned the use of inclusive language for cultural projects funded by the Cultural Incentive Law (better known as the Rouanet Law) in 2021.

Bolsonaro made the criticisms days after Argentina’s Public Works Ministry announced an initiative to mainstream the use of gender-neutral languages ​​in official communications.

Lula’s review

Lula Da Silva, leader of the Workers’ Party, was also the victim of Jair Bolsonaro’s outburst.

“In Brazil, the left seems obsessed with destroying our national symbols. It is a way of dividing the country, in defiance of its culture and its traditions. Respect is earned with character, hard work and bravery, not with this nonsense,” Bolsonaro said.

Aiming to repeat the successful election campaign that made him president in 2018, Bolsonaro has raised the issues most important to conservative sections of Brazilian evangelists, one of the most important bases of his political platform.

However, according to a poll by pollster Datafolha, the current Brazilian president could lose in the first round to Lula by a margin of more than 20 points.


related news

Analysts expect Argentine inflation to reach 90.2% in 2022


BUENOS AIRES, Aug 5 (Reuters) – Analysts polled by Argentina’s central bank sharply raised their inflation estimate for 2022 to 90.2%, up 16.2 percentage points from the previous month’s forecast , according to a survey released on Friday.

The bank’s Monthly Market Expectations (REM) survey shows July monthly inflation at 7.5%.

A source from Argentina’s economy ministry told Reuters on Thursday that inflation in July could be so high it would “shock” the government. Read more

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Nonetheless, the 39 economists surveyed between July 27 and July 29 moderately raised their economic growth projection for Argentina in 2022 to 3.4%, an increase of 0.2 percentage points from their projection for the month. last.

Participants also expect Argentina’s average nominal exchange rate in December to be 167.16 pesos to the dollar, which closed Friday at 132.9 pesos to the dollar.

Latin America’s third-largest economy has suffered for years from very high inflation, aggravated since March by the effects of the war unleashed by Russia in Ukraine.

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Reporting by Maximilian Heath; Editing by Josie Kao

Our standards: The Thomson Reuters Trust Principles.

Argentina’s ambitious ‘superminister’ tackles the economic crisis


BUENOS AIRES, Aug 5 (Reuters) – When asked about Sergio Massa, Argentina’s new “super minister” of the economy, many Argentines see him as an opportunistic politician with boundless ambitions.

But Massa’s political savvy, honed over four decades of party activism, is also widely seen as key to rescuing Argentina’s economy, which has been ravaged by skyrocketing inflation, crippling debt and chronic overspending.

Earlier this week, the 50-year-old lawyer and former Congress leader of the center-left ruling Peronist coalition was sworn in as chief economy officer by President Alberto Fernandez. Massa’s move is widely seen as a stepping stone to a future presidential race, but only if he can show results quickly. Read more

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To do this, the newly dubbed “superminister” insisted on broad powers before accepting the daunting task, including control of the agriculture, production and trade secretariats, which previously acted independently.

“He’s a very capable person, exceptionally prepared. But he’s also a great pragmatist, and that’s why he decided to form an alliance with the government,” said lawmaker Margarita Stolbizer.

In 2017, Stolbizer partnered with Massa in a Senate race against leftist Cristina Fernandez de Kirchner, the country’s powerful vice president and former president who is now a key Massa backer.

His ingenuity gave him what his predecessors couldn’t get: a thumbs-up from the vice president to pursue more orthodox cost-cutting policies, which Fernandez de Kirchner rejected when proposed by d others in the past.

His ingenuity gave him what his predecessors couldn’t get: a thumbs-up from the vice president to pursue more orthodox cost-cutting policies, which Fernandez de Kirchner rejected when proposed by d others in the past.

Massa’s support from all warring factions of the ruling coalition gives him a leg up on his immediate predecessors, longtime economy minister Martin Guzman as well as his short-lived successor Silvina Batakis. according to political analyst Carlos Fara.

“The crisis has made everyone more pragmatic, and that allows Massa to come up with things that surely wouldn’t have been accepted from Batakis let alone Guzman,” Fara said.

On Wednesday, Massa announced a series of austerity measures, as well as measures to spur dwindling foreign exchange reserves, on his first day on the job. Read more


Massa began his political career in the late 1980s in the conservative Democratic Center Union party.

From 2002 to 2007, he served as a Peronist government official and later mayor of Tigre, a suburb outside of Buenos Aires where he lives. He then became chief of staff to President Fernandez de Kirchner, but resigned after less than a year.

In 2013, Massa founded a new party called the Renewal Front, which eventually joined forces with other Peronist factions to create a centre-left group that went on to defeat former President Mauricio Macri’s coalition in the 2019 elections.

Over the past decade, Argentina’s turbulent politics, amplified by a worsening economic crisis, have weighed on Massa’s popularity.

Nearly 55% of people have a negative opinion of Massa, while around 63% say they would never vote for him if he ran for president, according to a recent poll by image consultancy Management & Fit. .

As the country heads towards next year’s presidential election, Massa will be put to the ultimate test. A successful performance as superminister will be crucial to his own future political prospects – not to mention vital to the short-term health of South America’s second-largest economy.

“Massa is so ambitious. He’s dreamed his whole life of being president,” said businessman Gregorio Feldman.

“He will either end up becoming a superhero or he will be eaten alive.”

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Reporting by Eliana Raszewski and Lucila Sigal in Buenos Aires Additional reporting by Hernan Nessi and Belen Liotti in Buenos Aires Writing by Kylie Madry Editing by Matthew Lewis

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July inflation could shock Argentinian government – Ministry of Economy source


Argentina’s new Economy Minister Sergio Massa talks to the media after being sworn in, at the Economy Ministry in Buenos Aires, Argentina August 3, 2022. REUTERS/Matias Baglietto/

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Aug 4 (Reuters) – Inflation in July could be so high it will “shock” Argentina’s government, an economy ministry source told Reuters on Thursday, expecting high inflation in August as well.

Former congressman Sergio Massa took office on Wednesday as economy minister amid the economic crisis, announcing measures to ensure fiscal austerity and shore up dwindling foreign exchange reserves.

The source added that with cuts to gas, electricity and water subsidies, the government would save 500 billion pesos ($3.8 billion) a year, although the full impact will not be seen. feel before 2023 accounts.

President Alberto Fernandez’s government also expected a sharp reduction in energy import spending in the second half of the year, the source said, adding that the government hoped workers’ wages would at least “match” high inflation. in 2022, what analysts estimate. will exceed 70%.

Regarding the renegotiation of the country’s $2 billion debt with Paris Club creditor countries, the source said the government would try to reach a debt agreement “as soon as possible”.

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Report by Nicolas Misculin; Editing by Bradley Perrett

Our standards: The Thomson Reuters Trust Principles.

ConsolidationNow has been revamped as RixLoans Payday


ConsolidationNow has been rebranded as RixLoans Payday. This change reflects the company’s desire to help consumers obtain better loan products and services. The changes will also allow the company to reach more borrowers in various states across the United States.

The RixLoans website is more user-friendly and loan applications will take less time to complete. Consumers who submit their loan applications early can receive their funds the same day. Most applicants will receive their money within 24 hours of approval. Borrowers who cannot obtain loans from traditional financial institutions due to bad credit will have a high chance of obtaining loans from RixLoans without going through a rigorous credit check.

As more Americans face financial challenges in 2022, RixLoans founder Usman Konst aims to provide loans at competitive rates and educate more people about personal finance. He believes that everyone deserves a second chance in life. The founder of RixLoans has made it easier for more people to get loan approvals online by linking them to many direct lenders.

The company will meet the needs of all borrowers looking for payday loans, installment loans and title loans, among other financial products. His financial news blog will also help consumers keep up to date with the latest news from the lending industry. This blog will benefit those who are looking for money saving tips and developments in the lending industry.

In addition to providing online loan services, RixLoans will also strive to give back to the community. The company will do this through child welfare initiatives, food bank donations and awareness activities. Customers can receive more updates regarding these programs by following the company on all of its social media platforms.

RixLoans understands that every borrower needs security assurance when submitting their details online. That’s why the company uses computer virus protection software to detect and prevent malicious programs on its computer network. It also uses secure transmissions to help maintain data privacy. All information is sent using 128-bit Secure Socket Layer (SSL) encryption. Borrowers from all states that allow payday loans can access RixLoans loan services. The company operates online and anyone who meets the payday loan eligibility criteria can apply through the company’s website.

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UK Government Chevening Scholarship for Argentina Now Open – MercoPress


The UK Government Chevening Scholarship for Argentina is now open

Thursday, August 4, 2022 – 10:03 UTC

Applications for the Chevening scholarships to study in the UK are open from August 2 to November 1, 2022.

Chevening scholarships are awarded to people from all backgrounds who can demonstrate they have the commitment and skills to create positive change, and can show how a UK Masters degree will help them do so. The scholarship provides full financial support for scholars to study in any eligible Masters degree at any UK university while gaining access to a wide range of exclusive academic, professional and cultural experiences.

Since the program’s inception in 1983, over 50,000 professionals have had the opportunity to develop in the UK through Chevening. Over 1,500 scholarships are on offer worldwide for the 2023/2024 academic year, demonstrating the UK’s continued commitment to developing the leaders of tomorrow.

Naomi Rayner, Head of Scholarships at the UK Foreign, Commonwealth and Development Office (FCDO), said:

As the world continues to tackle major global issues such as climate change, international cooperation is more critical than ever. Chevening seeks to build an international community of people who are committed to working together to drive positive change. We do this by bringing together amazing people from around the world and helping them, through education, to achieve their goals.

In the UK, we are proud of our world-class universities and know that our learning environments are enriched by the great diversity of cultures, experiences and viewpoints represented on our campuses. Chevening Scholars make a meaningful contribution to these communities, while becoming an important part of our network of over 50,000 alumni.

Chevening represents the best of the UK, welcoming people from all over the world to study, grow and prosper. Being part of the Chevening network instills a strong sense of pride and responsibility. I am constantly inspired by the passion and commitment of members of the Chevening community and look forward to hearing from this year’s nominees.

British Ambassador to Argentina Kirsty Hayes said of the scholarships:

There is no “typical” scholar. Your age, race, gender, religion and cultural background are not important to us. They can come from the city of Buenos Aires or from any province of Argentina. We want to see that you have energy, curiosity, compassion, a clear vision of your future, and the ability to achieve your goals.

Our network of alumni, both in Argentina and abroad, is full of dynamic influencers, and we hope that new professionals can expand this network once they return to the country after completing their studies.

The call for new applicants follows the selection of 20 academics from Argentina, who won a prize to study at a UK university this year. The successful applicants shared their stories via the hashtag #ChosenForChevening on Twitter and Instagram. More information at chevening.org/scholarships

Cryptocurrency Mining Market 2022-2028 Top Players, Types,


Pune, Aug. 03, 2022 (GLOBE NEWSWIRE) — Cryptocurrency Mining Market report analysis exhibits advantages in shaping business and policy competition for the competitive environment in order to improve possible income. The report assesses key opportunities in the market and plans the factors that are and will be driving the progress of the industry. Considering past growth patterns, growth drivers and existing and upcoming trends, we also estimate the overall development of the global cryptocurrency mining market during the forecast period.

In Brief, the Cryptocurrency Mining Market report is helpful for industry participants, investors, consultants, business strategists, researchers, and anyone with any interest or planning to venture in the cryptocurrency mining market in any way.

Get a sample copy of the report at – https://www.absolutereports.com/enquiry/request-sample/19891907

Cryptocurrency mining is a validation of transactions. For this effort, successful miners get a new cryptocurrency as a reward. The global cryptocurrency mining market size is expected to reach US$17040 million by 2028, from US$14010 million in 2021, at a CAGR of 2.8% during the period 2022-2028.

Cryptocurrency Mining Market Segmentation:-

Market segments help decision makers guide product, sales, and marketing strategies, and can fuel your product development cycles by informing how you deliver product offerings for different segments.

Segment by type

Segment by application

  • Remote hosting services
  • Cloud operation
  • Self-mining

Market Segment by Region/Country comprising:-

  • North America (United States, Canada and Mexico)
  • Europe (Germany, UK, France, Italy, Russia and Spain etc.)
  • Asia-Pacific (China, Japan, Korea, India, Australia, Southeast Asia, etc.)
  • South America (Brazil, Argentina, Colombia, etc.)
  • Middle East and Africa (South Africa, United Arab Emirates, Saudi Arabia, etc.)

North America is the largest market, with a share of around 53%, followed by Asia-Pacific and Europe with a share of around 23% and 22%.

Inquire or share your questions, if any, before purchasing this report – https://www.absolutereports.com/enquiry/pre-order-enquiry/19891907

Key Cryptocurrency Mining Market Players:-

  • HIVE Blockchain Technologies
  • Bit Farms
  • Hut 8 Mining
  • Argo Blockchain
  • Digital bit
  • GMO Internet
  • Riot Blockchain
  • Basic scientist
  • Marathon Digital Backgrounds
  • MGT Capital Investments
  • Ault Global Holdings

Global Cryptocurrency Mining includes HIVE Blockchain Technologies, Bitfarms, Hut 8 Mining, Argo Blockchain and Bit Digital etc. The top 5 global companies hold a share of more than 3.3%.

Key Benefits of Cryptocurrency Mining Market Research Report:

  • Types, Applications, Regions and Key Players Covered in the Study
  • Sector Drivers, Constraints and Opportunities Covered in the Study
  • Recent industry trends and developments
  • Competitive landscape and strategies of key players
  • Historical, current and projected market size, in terms of value
  • In-depth analysis of the cryptocurrency mining market
  • Sales, price, revenue, market share and growth rate are covered in the report. Sales channels, distributors, merchants, resellers, etc. are covered in the report.

Buy this report (Price 4900 USD for single user license) – https://www.absolutereports.com/checkout/19891907

About absolute ratios:

Absolute Reports is a premium platform to help key business personnel strategize and make visionary decisions based on facts and figures from in-depth market research. We are one of the best report resellers in the market, dedicated to bringing you an ingenious concoction of data metrics.


Argentina Construction Equipment Market Report 2022-2028:


Dublin, Aug. 03, 2022 (GLOBE NEWSWIRE) — The “Argentina Construction Equipment Market – Strategic Assessment and Forecast 2022-2028” report has been added to from ResearchAndMarkets.com offer.

The Argentine construction equipment market is expected to witness significant growth due to increased funds from the Inter-American Development Bank and the World Bank for new roads, railways, ports and utilities. Foreign companies are investing in the mining sector in Argentina; for example, the Canadian group Lundin has invested 3,000 million dollars in its Josemaria copper, gold and silver mine in the province of San Juan.

Argentinian Economy: Impacts of the Pandemic and Recovery

Argentina’s economy declined for the third consecutive year in 2020, this time due to the impact of the COVID-19 outbreak, which severely affected private consumption, investment and exports. According to recent IMF data, the country’s GDP grew by 25.6% in 2021, due to a recovery in investment and private consumption and exports helped by high commodity prices.

The government has introduced increased health spending, financial support for workers and vulnerable groups, price controls on food and medical supplies, and credit guarantees for bank loans to SMEs to produce food and essential supplies in 2021 to counter the economic crisis caused by the COVID-19 pandemic.

Argentina’s economy, the second largest in South America, is expected to continue to grow, but at a slower pace. The IMF has estimated Argentina’s GDP growth at 2.5% in 2022 and 2% in 2023. Due to planned investments in the mining and manufacturing sectors and ongoing infrastructure projects, Argentina’s demand for ‘construction equipment is expected to increase.

Multimodal transportation infrastructure and regional development are driving Argentina’s demand for construction equipment.

Argentina’s national road network plan (long-term plan for 2027) amounts to 35 billion dollars. This plan includes 2,800 km of new highways, 2,500 km of safe roads, 13,000 km of rehabilitated roads and 2,000 km of new surfaces, including 250 new engineering projects. These projects will be public-private partnership (PPP) projects, in which the government will invest $7.4 billion in the first stage in 2022.

Additionally, to improve the competitiveness of the industry, the government plans to invest $2.8 billion in 2022 to modernize ports and waterways. Likewise, in 2022, the government will invest $14.2 billion to improve the railway network by extending the railway lines.

As part of the plan to recover the freight network by 2030, the government plans to invest $15 billion from 2022 to 2030. These long-term plans to improve logistics and public transport will help the market grow. Argentinian construction equipment.

Growth of e-commerce sector to drive demand for forklifts and telehandlers.

With an average population growth of around 1% per year and the simultaneous introduction of advanced technologies (such as the 5G network), Argentina has a considerable number of Internet users (~ 36 million users with a growth rate of 3.5% from 2020 to 2021), which has boosted the expansion of the country’s e-commerce sector.

Also, some e-commerce companies are planning to expand their operations in the country. For example, Paypal recently invested $750 million in MercadoLibre, an Argentinian e-commerce start-up, to help it develop its platform and improve its logistics infrastructure. Additionally, MercadoLibre intends to build a new distribution center in Argentina to expand its logistics capacity, which will increase the demand for forklifts. The Argentinian forklift market is benefiting from the booming Argentinian e-commerce sector.

The increase in trade in seaports is fueling the demand for forklifts and telehandlers. Forklifts and telehandlers are used for loading and unloading and material handling in seaports. Due to the increased flow of goods in ports, the need for forklifts has increased. Hence, forklifts and telehandlers make up the largest construction equipment market share in Argentina.

The national public investment plan attracts investors.

Argentina’s national public investment plan attracts investors from other countries; for example, Argentine government officials and business leaders have attracted Chinese investment and financing in renewable energy and different types of energy.

These investments support the growth in demand for construction equipment in Argentina. For example, China’s investment in mining and construction triggered the need for hydraulic excavators. Moreover, Middle Eastern countries have also invested in construction projects worth $1 billion in Argentina. These investments from other countries also support the demand for all types of construction equipment and boost Argentina’s industrial production during the forecast period.

High inflation rate makes importing construction equipment to Argentina more expensive

Argentina’s construction equipment market is dependent on imports rather than domestic manufacture. Inflation in Argentina worsened in 2021, due to which the Argentine peso lost its value against the US dollar and led to supply chain disruptions and commodity shortages.

The depreciation of the Argentine peso against other currencies due to rising inflation makes imports more expensive and negatively impacts the demand for construction equipment. Argentina’s inflation rate was around 51% in 2021, according to INDEC. Rising inflation is expected to limit imports of construction equipment, slow down construction projects and therefore negatively affect demand for construction equipment in Argentina.

Rising investment in construction and mining projects is driving the need for IoT and AI-enabled equipment.

In Argentina, automated technologies such as IoT and AI in construction equipment have increased. The system offers several benefits to operators, including fault detection and storage. Increase operator safety, increase production and increase efficiency.

Several OEMs in the country, including XCMG, SANY, Caterpillar and Volvo, are working on automating their processes to gain a competitive advantage over their rivals.

As part of the economic recovery strategy, investments in the construction and mining sectors encourage the use of the latest construction technology and equipment, allowing projects to be completed on time and efficiently. In the Argentine market, other emerging construction equipment companies such as LiuGong and Hyundai are also expected to follow the same trend.


  • The material handling equipment market was the largest segment of the Argentine construction equipment market, followed by earthmoving and road construction equipment. The boom in the manufacturing industry has boosted the demand for forklifts.
  • Due to the national road network plan, the national public investment plan and the freight network recovery programs by 2030, the construction industry is expected to generate the highest demand for construction equipment during the forecast period.
  • The construction equipment market in Argentina is moving towards a more innovative industry by shifting to smart systems driven by IoT and data analytics for service, networking and sustainability.
  • In Argentina, construction equipment rental companies are expected to account for a significant market share. Since 99.8% of Argentine businesses are micro, small, and medium enterprises, rental companies are expected to have higher demand than non-rental businesses, as end users are primarily concerned about price.


  • The construction equipment market is consolidated, with XCMG in the lead, followed by SANY Group, Komatsu Group, Caterpillar and Volvo Construction Equipment. In 2021, these companies will hold nearly 45% of the total construction equipment market in Argentina.
  • Hitachi Construction Machinery has been serving customers in the Argentina region for over 65 years. However, it lags behind SANY in innovations although SANY has less than ten years of experience. In early 2022, SANY introduced its first 300 ton electric drive front shovel.
  • Import statistics indicate that Argentina imported construction equipment mainly from China in 2021. Therefore, Chinese companies such as XCMG and SANY hold a large share of the market.
  • Tecmaco, Bramaq SRL, Gruas San Blas, Centro Vial SRL, Cowdin SA, Repas are the main distributors in Argentina.

Main suppliers

  • Komatsu
  • caterpillar
  • Hitachi
  • Volvo construction equipment
  • XCMG
  • SANY
  • LiuGong
  • Liebherr
  • zoom lion

Other Important Suppliers

  • John Deere
  • JCB
  • Hyundai construction equipment
  • Kobelco
  • CNH Industrial

Distributor profile

  • Tecmaco
  • Bramaq SRL
  • Gruas San Blas
  • Centro Vial SRL
  • Cowdin SA
  • Meal

For more information on this report, visit https://www.researchandmarkets.com/r/12pkpc


Argentinian Football Club Sells Player To Brazil Sao Paulo Via Crypto


South American country Argentina has seen football team Banfield sell their prominent player Giuliano Galoppo to Sao Paulo, one of Brazil’s biggest football teams. What is unique is that they become the first club to sign a player using crypto.

Yes, you heard right!! Sao Paulo, with the help of approximately $8 million from USDC, a stablecoin pegged to the US dollar, has signed the player of the Argentinian team Banfield.

This transfer had taken place thanks to a collaboration with Bitso, one of the largest South American crypto exchanges.

For now, this deal is a positive sign as it marks the first crypto signing by a football player.

Thales Freitas, Director of Bitso in Brazil, said: “We are very proud to work with these two clubs for this historic signing from Sao Paulo with all the security, transparency and flexibility that the crypto-economy has to offer.

However, Argentina is going through an economic crisis. The gap between pesos and dollars is widening and growing. This could affect the ability of soccer players to be signed by international teams and prompt them to renegotiate their contracts to adjust their salaries to the volatile price of the US dollar.

Read also : São Paulo FC will accept crypto for ticket payment via Bitso

Banfield’s club would not be able to retain their possession of stablecoins as they would be required to convert it to Argentine pesos as stated by the Central Bank of the Argentine Republic (BCRA) for Banfield to settle the USDC received on the Single Free Trade Market (MULC).

Additionally, the Banfield team will lose access to MULC for three months, for conducting cryptocurrency operations and violating national laws.

Buenos Aires Weather | The NYT keeps AMIA in the news


If the previous week had started with the 28th anniversary of the 1994 terrorist bombing of the AMIA (Asociación Mutual Israelita Argentina) Jewish community center, a New York Times article kept this issue a hot topic earlier this week.

The article (dated in Tel Aviv and signed by Ronan Bergman) disclosed an investigation by Israeli intelligence agency Mossad ruling out both Iranian involvement and a local connection to the attack, instead pointing to a covert Hezbollah unit seeking to take revenge for the Israeli operations against the Shiite militia. in Liban. While not explicitly aiming in that direction, this report would seem to rekindle earlier theories of a Syrian connection through Lebanon, but Bergman chose to see Hezbollah as seeking to shift the blame to Iran, thereby provoking both Israel to invade Lebanon while trapping Tehran in a deeper situation. commitment there.

This meticulous investigation (including details as minute as the explosives smuggled into the country in shampoo bottles and chocolate boxes) seems to run counter to years of Argentina, Israel and the United States pointing finger Tehran, centered on the Iranian Embassy in Buenos Aires with the attaché Mohsen Rabbani considered a key figure. The Mossad report instead names Hezbollah’s Imad Mughniyeh, killed in 2008, as head of the operational unit.

Auto dealer Carlos Telleldín and several Buenos Aires provincial police officers were eventually identified as providing logistical support and tried as a local connection in 2004 but acquitted – not for lack of evidence but for mistrial due to judge President Juan José Galeano bribed witnesses via SIDE intelligence. For this, Galeano was not only removed from office but sentenced to six years in prison in 2019. It remains possible that the real objective of the corruption was to sabotage this trial rather than influence its verdict, but the Mossad agrees with this official dismissal of a local connection.

The Mossad report also contains details of the terrorist destruction of the Israeli Embassy in 1992, some of which point to a Brazilian connection – the vehicle bomb was purchased by a Hassan Karaki posing as a Brazilian with a fake passport so that the driver of the suicide was Muhammad Nur al-Din, a Lebanese who emigrated to Brazil.
AMIA Special Prosecutor Sebastián Basso said the report did not change his opinion that “Iran orchestrated…and gave the order to carry out this attack”, nor the Interpol Red Notices issued for the arrest of seven Iranian officials.

Israel did not wait until the end of the week to ratify that Iran “initiated, financed and launched” the attack. They also denied that the NYT post was a scoop or a game-changer, saying, “The news is based on an official report summarizing investigations into the two attacks (1992 and 1994). There is nothing new about this, it has been around for several years and clearly shows that Iran was behind both attacks,” the latter conclusion being confirmed by Danny Carmon, survivor of the embassy bombing. 1992 and widower, now a senior official in the Israeli foreign service. But Bergman maintained that the Mossad investigation was only finally concluded late last year.

“Iran and Hezbollah are the same thing,” Carmon asserted, also praising Bergman as a “great, knowledgeable journalist.” He agreed there was ‘no local connection’ but said Mughniyeh had been erroneously flagged as leading the task force during the attack on the embassy since he was in Iran at the time.

The NYT story elicited no official comment other than Basso’s statement but sparked considerable media buzz earlier in the week as the apparent divergence from the official line from an Israeli source seemed to open the door. to all other theories.

Meanwhile, the Venezuelan plane with the partly Iranian crew, stuck at Ezeiza International Airport since June 8 pending judicial investigations into possible intelligence or even terrorist activities, is also returned to the news last Monday as Venezuelan President Nicolás Maduro welcomed Argentina’s new ambassador to Caracas Oscar Laborde, telling him he had been ‘patient’ with Argentina’s kidnapping of his plane but his patience was running out . Laborde offered no response, instead requesting Venezuelan assistance on the energy front in the form of fuel supplies.

On the same day, the federal judge of Lomas de Zamora, Federico Villena, ordered the delivery of the cargo of the cargo plane to the contracting companies of the flight, but not the release of the crew members, who continue to languish in a hotel close to the airport which they can only leave to shop at the adjacent mall.


4 challenges that Argentina must overcome to conquer Industry 4.0


To truly reap the benefits of digital transformation, we as a country must overcome four major challenges:

1) Shortage of skilled workers

According to the Argentine Ministry of Productive Development, one of the main constraints to the continued growth of the sector is availability of qualified personnel, especially in more complex work segments. There is a broad consensus in both the public and private sectors on the need to promote computer training. On the other hand, the lack of local supply of companies providing specialized services in the maintenance of the 4.0 technical package may become a limitation for its implementation. But at the same time, companies can find a place in the market to progress in this area.

In addition, Argentina presents relatively favorable conditions with regard to its scientific subsystem, with leading research institutions and good exposure in scientific publications. The Science and Technology ecosystem is a favorable asset for working in the dimensions of training, diagnosis, development and absorption of technologies. We have the tools to address vulnerabilities caused by macroeconomic instability and weak financial systems.

2) Connectivity

The second automation challenge concerns Connectivity and data infrastructure delaysan UNSAM survey shows that industries that develop automation processes and integrate robotic machinery maintain an integral relationship throughout the production process. Therefore, it will be a big challenge for them to protect this connectivity from attacks. These cyberattacks can occur for a variety of reasons, as today they not only aim to steal information, but also use specially designed malware to affect manufacturing processes. Therefore, investment in software and technologies that meet high security standards should be essential.

3) the cost of innovation

The third challenge to overcome is the high cost of innovation. It’s true that it costs more to do innovation here than in other countries. The Global Competitiveness Index 4.0 also reflectsArgentina’s performance in each of the columns that make up the indicator. Among the challenges, there are macro-factors such as infrastructure and investments that hinder the conditions necessary for Argentina to become a practical platform for innovation; However, it should be noted that the main assets lie in human capital, especially with regard to the level of education, the quality of vocational training and soft and digital skills which offer workers a considerable potential for skills and development. It is not in vain that Argentina is the second country with the most unicorns in Latin America. Could we be first if more companies adopted the technology? How many of them enjoy competitive productivity?

4) Productive difference

The response is huge. is in productivity gap, Argentina’s fourth challenge, which the index also highlights and is confirmed by the CIPPEC survey: nearly half of Argentina’s 307 companies use first- and second-generation technologies and seem inactive in the face of technological change; The remaining 45% of the sample is characterized by the use of medium growth technologies; And only 6% are close to technical peak, although not quite 4.0. A key difference, and one that stands out in the market, is who is taking advantage of this opportunity.

and now?

All this shows that there is still a long way to go to become a real 4.0 country, but at the same time it represents a wide range of possibilities to grow, invest, plan and – above all – learn to solve problems. The successful entrepreneur is distinguished by his ability to see opportunities in the midst of difficulties. Don’t wait for perfect circumstances to transform your business, because such a scenario does not exist.

Remember, however, that by investing in technologies that enable your business to adapt to Industry 4.0, you are positioning yourself as a competitor, if not a market leader.

So how can companies prepare for Industry 4.0? In practice, there is no single answer. But the necessary first step can be defined as knowledge. Knowing the subject, studying it, is essential to understand how each company and each industry fits into the context of innovation, automation and IT. It’s up to the manager to look at their client, to understand how to improve their processes, so that no money is wasted along the way.

Ideal is based on more basic techniques, such as integrated management systems, which integrate business areas and make structural analysis more transparent, agile and articulated. Industry 4.0 will gradually become a reality here, I believe in Argentina, which is making this movement even more present in business routine, promoting unprecedented adaptation.

Argentinian football club uses crypto to sign local player


Argentina grabbed national headlines with their most recent signing of a local soccer player with cryptocurrency. Sao Paulo is one of the biggest soccer teams in Brazil and they just bought a player with crypto.

Sao Paulo with the help of the USDC, a stablecoin pegged to the US dollar, signed the player of the Argentinian team of mid-table Banfield. USDC is issued by the American company Circle Internet Financial.

The transfer of midfielder Giuliano Galoppo from Banfield’s Athletic Club to Sao Paulo Futebol Clube happened with the help of a stablecoin.

This transaction had exceeded 6 million dollars up to 8 million dollars, linked to the volatile nature of the exchange compared to the rate of the Argentine peso.

This transfer had taken place thanks to a collaboration with the crypto exchange Bitso of Mexican origin. Bitso happens to be one of the largest crypto exchanges in South America.

This news comes amid Argentina’s economic restrictions due to an economic crisis.

Crypto volatility remains an issue

At the moment, Argentina is going through an economic crisis which has also affected the Argentine sports club. This news is positive as it marks the first cryptographic signature of a football player.

Thales Freitas, director of Bitso in Brazil, said:

We are very proud to work with these two clubs for this historic signing of Sao Paulo with all the security, transparency and flexibility that the crypto-economy has to offer.

This transfer went successfully, however, there are some aspects to consider in this deal. The current gap between pesos and dollars is widening and growing.

This could potentially produce a situation where football players who are signed by international teams can renegotiate contracts in order to adjust their salary.

Since volatility could create a problem, the constant adjustment of wages will be an unavoidable circumstance.

Additionally, Argentina’s unstable economy has contributed to the adoption of crypto, especially stablecoins. The tendency to use stablecoins increased after the surprise resignation of the Argentine Minister of Economy. The resignation took place at the beginning of July.

Related Reading | The English Football FA have launched plans for a new NFT platform

An attempt to circumvent the strict exchange restrictions

The transaction could be seen as an attempt to circumvent the country’s restrictive foreign exchange restrictions. Under current rules, exports must convert newly acquired US dollars into the local currency of the Argentine peso within five days.

The rate is 131 pesos to the dollar. Going through the informal market, the exchange rate is almost close to 300 pesos per dollar. The exchange restrictions imposed by the Central Bank of Argentina do not refer to crypto. The crypto transaction, however, remains subject to regulation.

Argentina’s central bank sources said Galoppo’s transfer is an export deal. For this reason, it is mandatory for Banfield to liquidate its USDC in the local currency, the peso, with the help of the official foreign exchange market.

Bitcoin was priced at $23,800 on the four-hour chart | Source: BTCUSD on TradingView

Related Reading | Militias in Ukraine raise $2.2 million in Bitcoin and Ethereum to support Russia

Featured image from Wallpaper Flare, charts from TradingView.com

Signing a soccer player using crypto in Argentina


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Soccer stars Messi and Neymar in Israel for the French Super Cup


Soccer superstars Lionel Messi and Neymar arrived in Israel on Friday with their Paris Saint-Germain (PSG) squad for the upcoming French Super Cup against French side NC Nantes on Sunday.

They will play at Bloomfield Stadium in the coastal city of Tel Aviv.

The French Super Cup was also held at the same venue last year, marking the second time Israel has hosted the event. There would be 30,000 fans attending the match, according to The post of Jerusalem.

Messi and Neymar previously played together at FC Barcelona from 2013 to 20187 before Neymar moved to PSG, and Messi followed suit in 2021.

The last time Messi visited Israel was when he represented the Argentina national team in a friendly against Uruguay in 2019, also at Bloomfield Stadium. He was also in the Jewish state in 2013 with his former team FC Barcelona.

Other stars of the Paris squad who have arrived include former Real Madrid defender Sergio Ramos. One of the team’s best players, Kylian Mbappe, didn’t come due to suspension.

The match is part of an initiative by Israeli-Canadian businessman and philanthropist Sylvan Adams, as well as the Comtec Group, to bring major sporting events to Israel.

Other teams from overseas include England’s Tottenham Hotspur and Italian club AS Roma, who will face off at the Sammy Ofer Stadium in the city of Haifa, northern Israel, as part of the of the I-Tech Cup, the Jewish News Syndicate reported.

Brazilian Soccer Club Welcomes Argentina’s First Crypto Signing Amid Economic Slowdown


Argentina’s economic restrictions have reached the sports industry, with the first signing of a local soccer player with cryptocurrencies making national headlines.

The transfer of midfielder Giuliano Galoppo from Banfield’s Athletic Club to Sao Paulo Futebol Clube was made in USD Coin (USDC), exceeding $6 million and up to $8 million depending on the volatile Argentine peso exchange rate , according to local sources. The transfer was made possible through a collaboration with Mexican crypto exchange Bitso.

“We are very proud to work with these two clubs for this historic signing of Sao Paulo with all the security, transparency and flexibility that the crypto-economy has to offer,” said Thales Freitas, director of Bitso in Brazil.

The transfer happened in a difficult economic situation for Argentine sports clubs. The reported exchange differential between pesos and US dollars escalationaffecting the ability of football players to be signed by international teams and causing them to renegotiate their contracts to adjust their salaries to the volatile price of the US dollar.

The country’s unstable economy has led to a major adoption of cryptocurrencies, especially stablecoins. The stablecoin trend notoriously intensified after the shock resignation of Argentina’s economy minister earlier this month.

The practice of crypto adoption has also been replicated in sports by players and clubs across the country. However, it would be the first time that clubs could accept cryptocurrencies as a form of payment for international transfers to regain a competitive advantage in the market for their players.

Despite its novelty, the cryptocurrency transaction involving Galoppo will still be subject to regulation. According to Bloomberg, Argentinian central bank sources clarified that the transfer of Galoppo is an export transaction. As a result, Banfield will be forced to liquidate its USDC in local currency, the peso, using the official foreign exchange market.

On the other hand, it is still unclear how the professional footballer chooses to trade USDC directly on the official exchange market while allowing the club to resist central bank measures.

Related: Blockchain, crypto poised to take sports industry beyond NFT collectibles

A recent study by Big Four accounting firm Deloitte revealed the potential of the crypto ecosystem in redefining revenue streams and fan engagement in the sports industry.

The report predicts that crypto will create a nexus “around sports collectibles, ticketing, betting and gaming.” For example, with non-fungible tokens (NFTs), the sports industry may introduce initiatives around fractional ownership, which could spark the reinvention of the ticket resale process.

In Cristina Kirchner’s world, the Argentine economy is relatively strong and inflation is a consequence of monopolies


As she multiplies her political appearances, probably to the detriment of public opinion, Cristina Fernández de Kirchner tries to position herself as a kind of economic maverick, capable of challenging both the politics of President Alberto Fernández and “criminal” neoliberalism. by Mauricio Macri. She managed to oust a series of ministers and add fuel to the fire of a dangerous run on the country’s beleaguered currency.

The VP seemed to be enjoying her time on stage again, getting her ego massaged with ornate presentations at massive public gatherings with a crowd of Kirchnerite VIPs in the front row applauding her words of wisdom and laughing at her jokes, marveling at her simple presence. It’s not that different from the “glory days,” when she lectured her cabinet and the “friendly” business owners of Casa Rosada, while the entire population was forced to watch or listen to her lengthy remarks. broadcast on mandatory national broadcasts (“national padlock”).

Mrs. Fernández de Kirchner is above all a political creature, so the first explanations for her actions must be found in this field, not in the economic field (even if she believes herself to be enlightened). She likely drank the Kool-Aid, though, and thinks her cleverly constructed economic arguments help explain a combination of incompetence from the president and his cabinet, as well as the unease inherited from the Macri years. Interestingly, not only does she never express regret or remorse for any political decision made during her eight years on the helm, but every one of her references to the “good old days” is by definition from the years BM (Before Macri).

Apparently coached by its former economy minister, Axel Kicillof (the current governor of the province of Buenos Aires), CFK launched into a series of structured diatribes in which it accused the private sector of being behind inflation, explaining that his greed had made Argentina the third biggest tax evader in the world, behind Guyana and Chad (which share first place) and Malta. It’s the quid pro quo of being the largest “old foreign asset,” a technical term loosely used for capital flight (we explained earlier in this column why the terminology is misleading), behind the island nation of Comoros. , Zambia and Pakistan. This time, the Vice-President did not explain whether there was a tie on the podium ahead of Argentina.

In the post-modernist return to modern terminology on which Cristina builds her intellectual concepts, in the dichotomy between market and state, it is the former that causes inflation due to its monopolistic tendencies, while the latter is the only one capable of correcting inequalities. Budget deficits and the law of supply and demand do not explain inflation in Argentina, she noted in a recent speech, citing charts that put Argentina in 13th place relatively long-lasting among G20 countries in primary and total deficits, while the US and other rich country spending is ridiculously large, resulting in massive trade deficits that emerging countries, like Argentina, n don’t have. Remembering the global financial crisis of 2007-2008, the Covid-19 pandemic and now the Russian invasion of Ukraine, CFK noted that developed countries were not criticized for their monetary expansion, pointing singled out the United States as the main culprit.

Ultimately, and taking inspiration from another of his “favorite” economists, Hernán Letcher, it is the concentrated economic powers that extract their profits – facilitated by the state, from the productive economy and in US dollars – that cause inflation in Argentina. In a direct swipe at President Fernández, she notes that this is a “dumb state” where the Central Bank, the Securities Commission, the tax administration AFIP, the Ministry of Economy and the Ministry of Productive development have all failed in their tasks to limit an “import frenzy” that’s why there are no dollars. Oh yeah, and Macri’s reckless dollar-denominated debt policy is also to blame.

Much of what Fernández de Kirchner says sounds solid, but when put into context, it becomes nothing more than a series of half-truths. Indeed, monopolies cause market inefficiencies by raising prices while discouraging innovative investments that increase productivity. Tax evasion – especially in a US dollar-obsessed country like Argentina – is putting greater pressure on government coffers, while budget deficits are manageable by historical standards. And situations of tight supply and loose money could result in lower inflation than periods of greater supply under certain conditions (like lower marginal costs). Failure to coordinate macroeconomic policy across multiple ministries and public agencies leads to greater inefficiency, while Macri’s excessive debt load has placed a huge burden on the nation.

No matter how big the state Cristina wants, if no one believes he will repay his debts, uphold the rule of law, and stay consistent with the framework he sets for the private sector, then he will fail. The United States and most of Western Europe have managed to run up large fiscal and trade deficits because of their economic and military might, and because of a powerful interconnection that stretches as far as Asia ( namely China) which is fragile and dangerous. Excessive money printing, supply chain restrictions and a war in Eurasia have pushed inflation rates to the highest figures in 40 years, while a painful market correction is already in place. But these economies are likely to prove resilient in their ability to absorb shocks and regain some level of productive balance, unlike Argentina’s half-century of decadence.

So what was the real intention of Fernández de Kirchner’s vicious speeches, and why did she attack social movements (“piqueteros”) who, at one time, were key allies of the Kirchnerites? Therein lies the real message: his economic view is one of short-term resilience that can only lead to further contraction, as his last term in office proved, laying the groundwork for today’s mess. today. Laying bare the schism implicit in the ruling Frente de Todos coalition, CFK continues to distance itself from the government’s economic trajectory, knowing it will be destructive ahead of the 2023 elections. election they suffered in the 2021 PASO primaries. Feeling that a presidential victory is highly unlikely for any pan-Peronist front after this administration’s economic record, it seeks to consolidate its sphere of influence in Buenos Aires, where Kicillof or another more competitive candidate could retain the governorship and she would likely win a Senate seat. The vice president’s son, Máximo, an influential national deputy, controls the Justicialist Party in the region, which is a platform from which to build alliances with the so-called “Baron Conurbano(Peronist mayors of the extremely poor cities that surround the metropolitan area of ​​Buenos Aires). They are the ones who are losing power to the benefit of the piquetero movements that control hundreds of millions of pesos a month, that compete for town halls and even national posts. The other threat is the left-wing coalition Frente de Izquierda y de Trabajadores, which had a strong election in 2021.

The road is long and the road ahead is difficult. But more and more, one gets the impression that Cristina will gradually retreat into the sunset.

This room was originally published in the Buenos Aires timeArgentina’s only English-language newspaper.

Argentina appoints economy ‘super minister’ as crisis deepens


Associated press

BUENOS AIRES, Argentina (AP) — Argentina’s government has announced the appointment of a “super minister” for the economy, its third economy minister in less than a month as the country grapples with inflation high and a plummeting currency. The government of President Alberto Fernández said Thursday that Sergio Massa will lead a new ministry that brings together the current ministries of Economy, Productive Development and Agriculture. Massa is now the leader of the lower house of Congress and will have to step down from his legislative seat to take the cabinet post. His appointment comes just weeks after left-wing Silvina Batakis was named economy minister after the abrupt departure of more moderate Martín Guzmán, saying he was not getting political support to tackle economic hardship. from Argentina. Massa is rather considered a moderate.


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‘Hijrah’ moment: Coming out of the dark side of payday loans – Universities


Sri Rahayu Hijrah Hati (The Jakarta post)


Jakarta ●
Fri, July 29, 2022

Indonesia has become a promised land for the development of the mobile payday loan market (locally known as Pinjol). Based on data from the Financial Services Authority (OJK), in April, 122 companies provide legal payday loan services online. But data from the Institute for Economic and Financial Development (INDEF) shows that 95% of payday loan services are illegal.

Many people today choose to borrow money on the payday loan because they (1) receive the money instantly, (2) face no restrictions on how to use the loan, (3) have a bad credit rating, (4) don’t need any collateral, and so on.

From a marketing perspective, many Chinese companies are entering the Indonesian payday loan market due to the tightening industry regulations set by their government. As the Indonesian market is still in its infancy, foreign companies expect to take a chunk of the domestic market ahead of any potential regulatory changes.

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Global Food and Beverage Market Opportunities and Strategies to 2031



provides strategists; marketers and senior management with the critical information they need to assess the global fatty acids market as it emerges from the COVID-19 shutdown. The description:

New York, July 28. 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the publication of the report “Food And Beverages Global Market Opportunities And Strategies To 2031″ – https://www.reportlinker.com/p06310496/?utm_source=GNW
Where is the largest and fastest growing market for food and beverages? How does the market relate to the overall economy; demographics and other similar markets? What forces will shape the market in the future? The global food and beverage market report answers all these questions and more.
The report covers market characteristics; size and growth; segmentation; regional and national breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces historical and forecast market growth by geography.

It places the market in the context of the broader food and beverage market; and compares it with other markets.

The report covers the following chapters

Introduction and Market Features – Brief introduction to market covered segmentations, definitions and explanations in the Food and Beverages market.
Supply Chain – Defines and explains the major supply chain players of the food and beverage market
Product Analysis – Describes the major products in the market along with the key features and differentiators of those products/services.
Customer Insights – Covers recent customer trends/preferences in the global food and beverage market.
Key Trends – Highlights the key trends shaping the global food and beverage market. This section also highlights likely future market developments.
Impact of COVID-19 – Discusses the impact of COVID-19 on the food and beverage market
Global Market Size and Growth – Historical (2016-2021) and forecasted (2021-2026) and (2026-2031) global market values ​​along with the drivers and restraints supporting and controlling market growth over the periods historical and forecast.
Regional Analysis – Historical (2016-2021) and forecast (2021-2026) and (2026-2031) market values ​​and comparison of growth and market share by region.
Market Segmentation – Contains market values ​​(2016-2031) and analysis for the segment by type, by nature, and by distribution channel in the market.
Market Segments – Contains market values ​​(2016-2021, 2021-2063F, 2026F, 2031F) for each sub-segment of the food and beverage market.
Regional Market Size and Growth – Regional Market Size (2021), Historical (2016-2021) and Forecast (2021-2026) and (2026-2031) Market Values, and Growth and Market Share Comparison of countries in the region. This report includes information for all Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa regions and major countries in each region.
Competitive Landscape – Details on the market competitive landscape, estimated market shares and company profiles of key players.
Major Mergers and Acquisitions – Information on recent mergers and acquisitions in the market covered in the report. This section provides key financial details of mergers and acquisitions, which have shaped the market in recent years.
Market Opportunities and Strategies – Describes market opportunities and strategies based on research findings, with information on growth opportunities across countries, segments, and strategies to follow in these markets.
Conclusions and Recommendations – Includes recommendations for food and beverage suppliers in terms of product/service offerings, geographic expansion, marketing strategies and target groups.
Appendix – This section includes details of the NAICS codes covered, abbreviations and currency codes used in this report.

Covered markets:

1) By type: Alcoholic beverages; Soft drink; Cereals products; Bakery And Confectionery; Frozen, canned and dried foods; Dairy products; Meat, Poultry And Seafood; syrup, seasoning, oils and general foods; Food for animals and pets; tobacco products; Other food products
a) By Alcoholic Beverages: Beer (Brewery); Wine And Brandy (Vineyards); Spirits (Distilleries)
b) By non-alcoholic beverages: coffee and tea; Soft drink and ice cream
c) Cereal products: Flour; Rice And Malt; Other grain products
d) By Bakery And Confectionery: Sugar And Confectionery Products; Cookie, cracker, pasta and tortilla; Bread And Bakery Products; breakfast cereals
e) By frozen, canned and dried foods: frozen foods; Canned and ambient food
f) By dairy product market: milk and butter; cheeses, dry, condensed and evaporated milk products; Ice Cream And Frozen Dessert
g) By meat, poultry and seafood market: meat products; Poultry; Seafood
h) By Syrup, Seasoning, Oils And General Food Market: Fats And Oils; seasoning and dressing; Syrup and flavor concentrate
i) By animal and pet food market: animal food; pet food
j) By tobacco product market: cigarettes, cigars and cigarillos; Smoking and other tobacco products
k) Through the other food market: perishable prepared foods; Snack; All other miscellaneous foods
2) By Distribution Channel: Supermarkets/Hypermarkets; convenience stores; E-commerce; Other channels
3) By Nature: Organic; Conventional foods and drinks

Companies cited: Nestlé SA; PepsiCo, Inc; Anheuser-Busch InBev; JBS SA; Tyson Foods Inc

Countries: China, Australia, Bangladesh, Hong Kong, India, Indonesia, Japan, Malaysia, New Zealand, Philippines, Singapore, South Korea, Thailand, Vietnam, Canada, Mexico, United States, Argentina, Brazil, Chile, Colombia , Peru, Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, United Kingdom, Czech Republic, Poland, Romania, Russia, Ukraine, Saudi Arabia , Israel, Iran, Turkey, United Arab Emirates, Egypt, Nigeria, South Africa

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: historical five years and ten-year forecasts.

Data: market size and growth ratios relative to related markets; Proportions of GDP; expenditure per capita; comparison of food and drink indicators.

Data segmentation: historical and forecast national and regional data; market share of competitors; Market segments.

Sourcing and referencing: Data and analysis throughout the report comes from endnotes.

Reasons to buy
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Rugby Championship to continue 20-minute red card trial | Latest rugby news


SANZAAR has upheld the ongoing 20-minute red card trial in the 2022 Rugby Championship.

This will see any player who receives a red card during the TRC replaced after 20 minutes.

Don’t miss! Buy your Rugby Championship tickets

The decision has the backing of SANZAAR’s four national unions, who first tested the law throughout Super Rugby in 2020 before its implementation in the 2021 Rugby Championship.

“This is a great move for the Rugby Championship and follows its application to Super Rugby. All SANZAAR National Unions – Argentina, Australia, New Zealand and South Africa – fully support the extension of the Law on red cards.” SANZAAR CEO Brendan Morris said in a statement.

“As a group, we strongly believe that the integrity of international matches is very important and that wherever possible matches should be a fifteen-on-fifteen game.” In the context of the Laws of the Games, SANZAAR believes that a 20-minute red card provides an important deterrent to deliberate acts of foul play, while also protecting the fifteen-on-fifteen contest, what our unions, broadcasters and fans tell us is important.”

The law has been tested around the world, however, World Rugby opted not to make it permanent earlier this year after reporting backlash from other nations.

SANZAAR CEO Brendan Morris believes the decision strengthens their position regarding the decision while providing additional data on its effectiveness as they push for its inclusion.

“The aim is to gather the necessary information that will allow the 20-minute red card trial to be accepted in all laws of the game in the future.”

The Rugby Championship will adopt a ‘mini-tour’ format, with the Wallabies due to travel to Argentina and the All Blacks to South Africa to kick off the tournament on August 7.

“This season we are very pleased to bring international rugby back to fans in all of our home territories for the first time since the COVID-19 pandemic with an innovative new mini-tour format, as we are committed to exploring ways to continually improve the competition,” Morris added.

The Wallabies and All Blacks were reduced to 14 men in their July series against England and Ireland respectively.

Brumbies lock Darcy Swain was sent off in the first half of their 30-28 opening Test win due to a header while Angus Ta’avao drew the umpire’s wrath after his collision with Garry Ringrose

Buenos Aires Weather | Argentina pays tribute to icon Eva Peron on the 70th anniversary of her death


Crisis-ravaged Argentina marked the 70th anniversary of the death of iconic political figure Eva Perón on Tuesday with a series of events, marches and tributes.

Affectionately known as “Evita”, María Eva Duarte de Perón became a legend due to her fight for women’s rights and her untimely death in 1952 at just 33 years old.

Wife of former President Juan Domingo Perón (1946 to 1955 and 1973-74), she participated in the founding of Peronist political ideology, an eclectic mass movement with sometimes opposing political currents but with a pronounced populist social tendency.

In Buenos Aires, the unions gathered in front of the Ministry of Social Development, a building whose facade is decorated with the effigy of Eva Perón.

It was the place where two million people gathered in August 1951 to call on Perón to support her husband’s bid for re-election as running mate.

But already battling cancer, the former actress declined the invitation and died less than a year later.

For 14-year-old student Alma Gambi, Perón remains “a source of inspiration” for working classes and women.

Center-left Peronist President Alberto Fernández paid tribute to the icon on Twitter, quoting one of his most famous phrases: “I know you will collect my name and carry it as a flag to victory.”

“We are here, dear Eva, with the conviction to continue working for the people, always giving priority to those who have the least,” added Fernández.

Its vice president and former leader Cristina Kirchner described Perón as “an Argentinian passion” in her own Twitter post.

“Standard Bearer of the Humble”
Earlier this year, Argentina returned Perón’s image to the 100-peso note after former liberal president Mauricio Macri interrupted a series of banknotes that honored him.

Faced with inflation of over 60% last year and chronic currency devaluation, the Argentine 100 peso note is now worth less than a US dollar.

Inflation in the cash-strapped South American country is expected to reach 80% this year.

Born on May 7, 1919 in Los Toldos, 200 kilometers from the capital, Perón moved to Buenos Aires at the age of 15 with the aim of launching her acting career.

There she met the future president in 1944 and they were married the following year.

Perón’s fame has spread beyond Argentina as his life story has been portrayed in books, a long-running musical and a film starring pop icon Madonna, who also performed a song on Perón: Don’t Cry For Me Argentina.

After her death, her body suffered a dramatic and gruesome escapade as it was taken and hidden away in Italy for several years after the 1955 military coup, before being sent to Spain to join her exiled husband.

He was finally repatriated in 1974 and now rests in the Duarte family grave in the posh Recoleta Cemetery in the capital.

by AFP / Sonia Avalos

Aircraft MRO Market to Reach USD 9.76 Billion by 2029


Pune, India, July 26. 2022 (GLOBE NEWSWIRE) — The world aircraft MRO market the size was $6.73 billion in 2021. The market is expected to grow from $6.95 billion in 2022 at $9.76 billion by 2029 at an estimated CAGR of 4.93% in 2022-2029.

This information is provided by Fortune Business Insightsin his report, titledAircraft MRO Market, 2022-2029.”

According to our analysts, due to technological advancements in commercial and military aviation, the aviation industry has become more data-driven and tied to ground-based MRO systems.

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List of Key Players Mentioned in the Aircraft MRO Market Report:

  • AeroSoft Systems Inc. (Canada)
  • ATP Inc. (USA)
  • Aviation Intertec Services Inc. (Canada)
  • The Boeing Company (USA)
  • CAMP Systems International Inc. (USA)
  • Communications Software (Airline Systems) Limited (UK)
  • GE Aviation (USA)
  • HCL Technologies Limited (India)
  • IBM Corporation (USA)
  • IBS Software Pvt. ltd. (India)
  • IFS AB (Sweden)
  • Jet Support Services Inc. (USA)
  • Lufthansa Technik AG (Germany)
  • Oracle Corporation (USA)

Report Scope and Segmentation:

Report attribute Details
Market size value in 2022 $6.95 billion
Revenue forecasts in 2029 $9.76 billion
Rate of growth CAGR of almost 4.93% over the period 2022-2029
Year of reference 2021
Historical years 2018-2020
Forecast years 2022- 2029
Segments Covered By solution analysis, by function analysis, by end use analysis
Forecast units Value (USD billion) and volume (units)
Quantitative units Revenue in USD Million/Billion and CAGR from 2022 to 2029
Regions covered North America, Europe, Asia-Pacific, South America, Middle East and Africa, and Rest of the World
Countries covered United States, Canada, Mexico, United Kingdom, Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC countries and South Africa, among others
Number of companies covered Companies covered under Aircraft MRO Market are AeroSoft Systems Inc. (Canada), ATP Inc. (USA), Aviation Intertec Services Inc. (Canada), The Boeing Company (USA), CAMP Systems International Inc. (USA), Communications Software (Airline Systems) Limited (UK), GE Aviation (USA), HCL Technologies Limited (India), IBM Corporation (USA), IBS Software Pvt. ltd. (India), IFS AB (Sweden), Jet Support Services Inc. (US), Lufthansa Technik AG (Germany), Oracle Corporation (US) and other key players
Report cover Market Growth Drivers, Restraints, Opportunities, Porter’s Five Forces Analysis, PEST Analysis, Value Chain Analysis, Regulatory Landscape, Market Attractiveness Analysis by Segments & Region, Market Share Analysis business and analysis of the impact of COVID-19.
Scope of customization Take advantage of personalized purchasing options to meet your exact research needs.

Impacts of COVID-19:

Fiscal Effect of COVID-19 Pandemic on Aircraft MRO Industry Will Hamper Market Growth

The global COVID-19 pandemic influenced the Aircraft MRO Market market in 2020 and 2021. Due to the lockdown, there has been a major effect on the aviation industry, resulting in reduction in aircraft manufacturing, affecting as well as the supply of aircraft. Decreasing aircraft deliveries have significantly reduced the demand for MRO services and software.

Browse the abstract of this research report:



Based on the solution, the market is divided into software and services.

The market is categorized into subscription and property based on the point of sale.

Based on function, the market is classified as maintenance management, operations management, business management, and electronic management of flight bags and flight logs.

The market is categorized into on-premise and cloud by deployment type.

The market is categorized into airline operators, MRO and OEM based on end use. The airline operator segment was the largest segment in 2021.

The Aircraft MRO market market is segmented into North America, Europe, Asia-Pacific, Middle East and Rest of the World.

Report cover:

Our specialists used a data mining technique which further helps us to render reliable approximations and thoroughly examine market dynamics of Aircraft MRO market. Additionally, our experts had access to various local and global paid data to present the updated information so that shareholders and business experts only capitalize in the areas that matter.

Find out before you buy this report:


Driving factors:

Growing need for progressive MRO due to aircraft fleet expansion to drive development

Airlines around the world are focusing on expanding the size of their aircraft fleets due to the increase in passenger air traffic. Market development in the next decade can be attributed to the growing number of aircraft fleets. The MRO sector is expected to experience robust growth over the next decade, driven by growing demand for air travel and a growing aircraft fleet. MRO software prices account for nearly a fifth of airline operating costs. The ever-increasing growth trend of travelers will propel the growth of the Aircraft MRO Market.

Regional outlook:

North America in the lead thanks to the presence of large companies operating in the regional market

North America dominated the market in 2021. North America market size stood at USD 1.85 million in 2021. USA dominated the market by holding the largest market share Aircraft MRO in 2021.

The size of the European market is expected to grow at a considerable rate, due to an increase in air passenger traffic. The existence of leading companies and original equipment manufacturers, such as Swiss Aviation Software and Lufthansa Technik, is integral to the growth of the regional market.

Asia-Pacific is expected to grow at the highest CAGR over the forecast period. Digitization in this region is enhancing the technical viewpoint in the aviation industry for operational and proficient base control, operations administration as well as line management.

Competitive Landscape:

Sweeping product launches by key players to drive market growth

The fundamental players present in the market adopt many schemes to strengthen their position in the market as dominant companies. One such vital tactic is buying companies to increase brand value among users.

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Detailed Table of Contents:

  • Introduction
  • Summary
  • Market dynamics
    • Market factors
    • Market constraints
    • Market opportunities
  • key ideas
    • Key Industry Developments – Mergers, Acquisitions and Partnerships
    • Latest technological advances
    • Analysis of the five forces of carriers
    • Supply chain analysis
  • Quantitative Insights – Impact of COVID-19 Pandemic on Global Aircraft MRO Market
    • Impact of COVID-19 on the Global Aircraft MRO Market
    • Measures taken by industry/business/government to overcome the impact
    • Key development in the industry in response to the COVID-19 pandemic
    • Potential opportunities due to the COVID-19 outbreak

TOC Continued…!

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Industry key development:

February 2022: Oracle Corporation introduced new logistics aspects within its software platforms such as Fusion Cloud Transportation Management, Fusion Cloud SCM and Fusion Cloud Global Trade Management, which will help to reduce prices, reduce risks, plan resources , improve the customer service experience and provide business operations.

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Fortune Business Insight™ provides accurate data and innovative business analysis, helping organizations of all sizes make the right decisions. We adapt innovative solutions to our customers, helping them to meet various challenges specific to their activities. Our goal is to give them holistic market intelligence, providing them with granular insight into the market they operate in.


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UNHCR Chile Fact Sheet May 2022 – Chile



Between January and May 2022, northern Chile, in particular the Tarapacá region, experienced an upsurge in the humanitarian emergency that affected refugees and migrants from Venezuela, as well as the local communities hosting them in their cities. To support the government’s response, UNHCR and its partner agencies distributed humanitarian aid and developed integration projects for 6,112 people in the regions of Arica and Parinacota, Tarapacá and Antofagasta, as well as another 8,698 people in d other localities in Chile.

According to a recent study by the University of Tarapaca, with the support of UNHCR, 75% of Venezuelan adults surveyed in the cities of Colchane and Iquique said they had no place to sleep at night and 71% of them said that they had been cold at night. Another large percentage said they had not eaten the minimum three daily meals in the past week. 68% of adults said their lives or those accompanying them were in danger during the trip, but 59.5% said they felt safer in Chile than before the trip began.


The UNHCR Cluster Office for Latin America South, based in Buenos Aires, covers operations in Argentina, Bolivia, Chile, Paraguay and Uruguay.

Staff in Argentina and Chile:

71 National staff and affiliated staff

13 international employees

Offices in Chile:

1 national office in Santiago

1 land unit in Arica


  • According to the latest register published in 2020 by the Chilean National Institute of Statistics, 1.5 million refugees and migrants live in Chile, almost 9% of the country’s population. Most of them (30.7%) are from Venezuela.

  • Due to the pandemic, borders in Chile have been closed since March 2020 and opened on May 1, 2022.

  • In 2021, according to Chile’s Ministry of Interior and Investigative Police (PDI), more than 56,000 people entered Chile through unauthorized entry points.

  • Chile is the fourth destination for refugees and migrants from Venezuela, after Colombia, Peru and Ecuador.

Alpha Lithium: betting on lithium to boost the green economy (OTCMKTS: APHLF)



Investment thesis

Growing awareness of environmental sustainability has driven demand for a global green economy. This demand is amplified by improvements in Li-Ion technology for electric vehicles (“EV”) and other energy storage infrastructure.

There is a lot of types of raw materials needed to build a green economy. We have observed that policy makers in the world’s largest economy seem to view lithium as one of the most important raw materials. Therefore, we expect lithium producing companies like Alpha Lithium Corporation (OCPK:APHLF) to take advantage of this tailwind.

APHLF owns strategic areas of the Lithium Triangle. Its proximity to the largest and longest “salar” (salty) producer in Argentina means that it is able to benefit from the infrastructures that already exist for the extraction of lithium.

Company presentation

APHLF is a Canada-based lithium exploration company. The company has 6 subsidiaries:

  1. L2 Cobalt Inc.
  2. 1146915 BC Ltd.
  3. Alpha Minerals,
  4. Alpha One Lithium B.V.
  5. MOCO Holdings Corp.
  6. Alpha Lithium Argentina SA

The intercompany relationships of the various subsidiaries can be deduced from this organizational chart:



Development of the green economy led by lithium

The Biden administration issued a ‘100 Day Review under Executive Order 14017’ report which outlines steps to strengthen America’s critical supply chains, the greater economy in the world. We can use this report to understand the most important raw materials needed for the development of green economy. If we deduce from visual capitalist, the raw materials needed to build a green economy include copper, silicon, aluminum, lithium, cobalt, rare earths and silver. For each of the raw materials mentioned, I checked the number of times they are found in the report, and here are the results:

  • Copper – 28
  • Silicon – 93
  • Aluminum – 0
  • Lithium-315
  • Cobalt-166
  • Rare Earths – 14
  • Silver – 2.

We can see that there is much more emphasis on the raw material lithium, as it was mentioned the most times (315).

Indeed, the main drivers of lithium in the green economy are the demand for energy storage and electric vehicles. Although these clean energy solutions are not new, their demand has increased in recent years due to the falling cost of Li-ion batteries. This observation was also explicitly mentioned in the decree review report:

“The cost per kilowatt-hour ((kWh)) of lithium-ion batteries has fallen by more than 80% over the past decade, and this falling cost has made these batteries very attractive to new and growing markets, including electric vehicle (EV). Demand from the electric vehicle and stationary storage markets is expected to increase the size of the lithium battery market by another factor of five to ten by 2030.”

When the supply of lithium does not increase in parallel with the demand for Li-ion battery products, naturally the price will increase with the demand.

Companies that provide lithium supply to the clean energy market stand to benefit greatly from this tailwind.

Alpha Lithium’s Competitive Advantage

Lithium is most often extracted from salt brines located in the lithium triangle. “Salar” refers to “salt dish” in Spanish. The company owns 100% of the Salar de Tolillar, which is “one of the last undeveloped salars in the province of Salta, Argentina”. This provides its mining business with very large scale production.

Salar Tolillar Project

Salar Tolillar Project (Company Website)

“Salar del Hombre Muerto” is another salt dish in Argentina and is considered as one of the “world’s most important sources of lithium”. As stated on the company websiteit recently acquired 985 hectares of properties from this saline, which has further increased its production scale considerably:

“With this latest acquisition, Alpha has become one of the largest lithium developers in Salta Province’s Salar Hombre Muerto, second only to Korean giant POSCO, which is expected to have a commercial plant producing in Hombre Muerto by 2023.”

Not only does the “Salar del Hombre Muerto” contribute to the company’s production scale, but its lithium deposits are also of the “highest quality”, as reported by the company:

“Hombre Muerto is the highest quality and oldest salar in Argentina and it benefits from a large amount of infrastructure developed to support the 25 years of production history of Livent Corporation.”

APHLF’s mining projects are 10 km from Livent Corp, the largest and oldest salar producer in Argentina. This allows it to benefit from the infrastructure already built for Livent Corp.

Financial comparison and peer review

We will compare the company’s financials with Livent Corporation (LTHM) and Allkem Limited (OTCPK:OROCF) using figures found on Seeking Alpha.

Author's table

Author’s table (Looking for Alpha)

From this comparison, we can observe that:

  1. Although APHLF is the smallest player by market capitalization,
  2. If we evaluate the company using the P/E ratio, APHLF is the cheapest stock in the comparison list.
  3. As for the net income, it is currently not profitable. LTMN is the most profitable.
  4. Although still not profitable, APHLF also has no debts. Overall, the company still maintains a “net cash” financial position. This is a positive contrast to the profitable peer of LTMN, which is in a “net debt” position.
  5. It has the most favorable current ratio, which suggests it has significantly more assets compared to its peers. This could result in higher upper and lower lines being generated in the long term.

In my opinion, the company presents the profile of a small player which has the advantage of being more agile in financial management compared to its larger peers.

Investment risk

It was mentioned earlier on one of the company’s websites that “up to 504 mg/L identified from limited prior testing on

This implies that there are still 90% of unexplored areas, which poses a risk that a large part of the unexplored mining areas may not contain as much lithium concentration as expected.

This risk is relatively low as it has also been mentioned that “Recent studies have shown that the region is underlain by an extensive magma chamber at 4-8 km depth (de Silva, 1989).” According to this article:

“Lithium deposits are mainly found in old dormant volcanic systems, especially in what are called supervolcanoes or, more scientifically, large caldera systems.”

In my opinion, the existence of a magma chamber increases the likelihood of lithium being deposited through volcanic ash.

Conclusion and key points

APHLF is a relatively small lithium mining company that is strategically located in one of the largest lithium salt deposits in the world. It has a positive cash balance. Looking at the current ratio, it is also asset rich. All in all, it is in a very good position to benefit from the favorable wind of the increase in global lithium demand.

By P/B ratio, it appears to be undervalued and unknown to most investors. This presents an opportunity for early investors to be richly rewarded if APHLF becomes a major long-term player.

Bolsonaro launches re-election bid with speech to conservative Brazilians


Brazilian President Jair Bolsonaro kicked off his re-election bid on Sunday with a colorful campaign rally aimed at restoring his conservative image while making overtures to female voters.

In front of thousands of supporters dressed in the green and yellow of the Brazilian flag, the far-right leader took to the stage in Rio de Janeiro espousing his belief in God, family and freedom.

“Today we have a president who believes in God; represents the army and the police; believes in family,” said Bolsonaro, who was repeatedly interrupted by cheers from mito — legend — of his often emotional fans.

Despite the warm reception in Rio, Bolsonaro faces an uphill battle ahead of the October election. Many polls put him between 10 and 15 percentage points behind his main rival for president, former left-wing leader Luiz Inácio Lula da Silva, although the gap appears to be narrowing.

While Sunday’s event formalized his candidacy for the Liberal party, Bolsonaro has been in campaign mode for weeks. Earlier this month, he successfully pushed through Congress a spending plan that will increase monthly cash payments to Brazil’s poorest by 50% through the end of the year.

The move was widely seen as an attempt to mop up support in the impoverished northeast region of the country, which is home to 40% of voters, the vast majority of whom support Lula.

On Sunday, Bolsonaro told the crowd that the 600 reais ($110) payout increase would continue into next year.

“We are changing Brazil for real and leaving no one behind,” said Bolsonaro, who was elected in 2018 as a populist outsider who vowed to clean up Brazil after a years-long corruption scandal .

Bolsonaro also used the event to focus on female voters – a demographic in which he trails Lula by up to 25 percentage points. Many women dislike his overt machismo and often misogynistic language. He once said, “I have five children. Four are male and then, in a moment of weakness, the fifth came out a girl.

After taking the stage, Bolsonaro quickly passed the microphone to his wife, Michelle, who at length touted her husband’s respect for women, saying he had sanctioned more laws protecting women than any other Brazilian president.

She also focused on the importance of God in a message to Brazil’s growing evangelical community.

The country’s last census was taken in 2010, but studies suggest more than 30% of Brazilians are now evangelical and the community – which often takes a hard line on issues such as abortion and same-sex marriage – develops rapidly.

Thomas Traumann, a Rio-based political analyst, said this focus on conservative values ​​- rather than building a grand coalition of tentpoles – is likely to be a hallmark of the president’s re-election campaign.

“He will talk about women, he will talk about the poor, but he will probably talk about how all his opponents are pro-abortion and this idea of ​​right and wrong. He will be the one to represent good,” Traumann said.

A former army captain known for his often pugnacious language, Bolsonaro broadly restricted his attacks on Lula on Sunday, saying only that the leftist leader was threatening the freedom of Brazilians with plans to regulate social and traditional media.

He also avoided further criticism of Brazil’s electronic voting system, which he repeatedly claimed, without evidence, was rigged. The White House was prompted last week to publicly voice its support for Brazil’s electoral system after Bolsonaro repeated the rigging allegations to a group of foreign ambassadors.

Critics fear he could set the stage to contest the election if he loses.

Janette Mota, a nurse from Rio de Janeiro, said she came to the event out of respect for her country: “The left always destroys countries – look at Chile and Argentina. Bolsonaro represents Brazil’s freedom, faith and kindness.

Werli Ferreira, a 75-year-old woman from the interior of Rio de Janeiro state, said she left home at 4 a.m. to come to the launch event because she liked the President.

“He saved our pride in Brazil. He raised our country to the top.

Additional reporting by Carolina Ingizza

Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE: LOMA) Records Strong Volume Growth


Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE: LOMA – Get Rating) saw a slight increase in trading volume on Friday. 14,538 shares were traded during the midday session, down 91% from the previous session’s volume of 165,887 shares. The stock last traded at $4.78 and previously closed at $4.75.

A Wall Street analyst gives his opinion

Several research companies have recently weighed in on LOMA. UBS Group downgraded shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima from a “buy” rating to a “neutral” rating and set a target price of $6.00 for the company. in a research note from Wednesday, May 4. TheStreet downgraded the shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima from a “b-” rating to a “c+” rating in a Thursday, July 7 research note.

Loma Negra Compañía Industrial Argentina Sociedad Anónima trades up 0.8%

The company’s 50-day moving average is $5.35 and its 200-day moving average is $5.73. The company has a market capitalization of $560.81 million, a PE ratio of 9.39, a PEG ratio of 0.13 and a beta of 1.32. The company has a debt ratio of 0.01, a current ratio of 1.38 and a quick ratio of 0.68.

Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE: LOMA – Get Rating) last released quarterly earnings data on Friday, May 6. The company reported EPS of $0.25 for the quarter. The company had revenue of $181.38 million in the quarter. Loma Negra Compañía Industrial Argentina Sociedad Anónima achieved a net margin of 8.44% and a return on equity of 8.40%. On average, stock analysts expect Loma Negra Compañía Industrial Argentina Sociedad Anónima to post 1.15 earnings per share for the current year.

Hedge funds weigh on Loma Negra Compañía Industrial Argentina Sociedad Anónima

Several hedge funds have recently bought and sold shares of LOMA. Invesco Ltd. raised its position in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 2.5% in the first quarter. Invesco Ltd. now owns 126,048 shares of the company valued at $721,000 after purchasing an additional 3,094 shares in the last quarter. Renaissance Technologies LLC increased its position in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 3.2% during the first quarter. Renaissance Technologies LLC now owns 175,800 shares of the company valued at $1,006,000 after purchasing an additional 5,518 shares in the last quarter. Campbell & CO Investment Adviser LLC increased its position in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 23.0% during the first quarter. Campbell & CO Investment Adviser LLC now owns 39,000 shares of the company valued at $223,000 after purchasing an additional 7,300 shares in the last quarter. abrdn plc increased its position in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 3.3% during the first quarter. abrdn plc now owns 327,000 shares in the company valued at $1,880,000 after buying an additional 10,500 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima during the fourth quarter, valued at approximately $71,000. Hedge funds and other institutional investors own 18.42% of the company’s shares.

About Loma Negra Compañía Industrial Argentina Sociedad Anónima

(Get a rating)

Loma Negra Compañía Industrial Argentina Sociedad Anónima, together with its subsidiaries, manufactures and sells cement and its derivatives in Argentina. The company operates through cement, masonry cement and lime; Concrete; rail services; Aggregates; and other segments. It offers masonry cement, aggregates, ready-mixed concrete, concrete and lime to wholesale distributors, concrete producers, industrial customers and others for use in construction.

Further reading

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Aerolíneas Argentinas Boeing 737 makes emergency landing after bomb threat


On Saturday, an Aerolíneas Argentinas flight from Buenos Aires to Ushuaia was diverted to Comodoro Rivadavia due to a bomb threat. The flight landed safely and after a thorough search no explosives were found. The aircraft returned to Buenos Aires while the passengers continued their journey to Ushuaia in a replacement aircraft.

It all started with a call to 911 from La Plata

Aerolíneas Argentinas (Aerolíneas) Flight AR1882 took off from Buenos Aires Aeroparque (AEP) at 4:46 a.m. for the 3:30 a.m. flight south to Ushuaia Malvinas Argentinas International Airport (USH). The aircraft in operation was a four-year-old Boeing B737 MAX 8, registration LV-HKV, carrying 169 passengers and six crew. According to Argentinian Clarín, the bomb threat came from a 911 call made from La Plata, about 30 miles (52 km) from Buenos Aires. The flight was diverted to Comodoro Rivadavia International Airport (CRD) in Chubut province, and after landing at 07:40, the aircraft was directed to a remote section of the airfield. He was greeted by airport firefighters, airport security police (PSA), explosives personnel and the National Civil Aviation Administration (ANAC).


Aerolineas Argentinas flight AR1882 was diverted to Comodoro while en route to Ushuaia from Buenos Aires yesterday. Data:

An emergency protocol was activated, including the closure of the airport and the summoning of the Chubut Provincial Police Explosives Squad and emergency services. In a statement, the PSA said: “The PSA Comodoro Rivadavia operational unit received the alert through a communication from the control tower anticipating the arrival of the Aerolíneas Argentinas flight, and the emergency operational committee was quickly formed.”

“All crew and passengers have been disembarked and guided to the airport arrivals hall. Explosives Squad personnel have proceeded to the aircraft and are examining the baggage, cabin and aircraft cargo bay, in an exhaustive search for a possible explosive device, which so far has produced no news.”

Aerolíneas Argentinas has a fleet of 43 Boeing B737 family aircraft. Photo: Getty Images.

A difficult period for the 175 on board

According to Clarin, one passenger said: “They told us we were landing because of a situation, and when we had to get off there they told us it was because of a bomb threat. .” Another added:

“We arrived at the track and after 15 minutes they told us that there was a bomb threat. They made us wait half an hour without information and we walked three kilometers in lower temperatures zero to the airport we have no company secret we got off at 7:30am and it’s been almost three hours.

The passengers spent about nine hours on the ground at Comodoro, finally departing at 4:25 p.m. on a replacement plane. The flight, on a Boeing B737-800 registered LV-GUB, arrived in Ushuaia at 5:57 p.m., well after the scheduled arrival time of 8:05 a.m. for flight AR1882. The original B737 MAX 8 departed Comodorro at 12:49 p.m. and returned to Buenos Aires at 2:44 p.m. Aerolíneas has a fleet of six Boeing B737 MAX 8, 29 B737-800 and eight B737-700.

In December 2018, an Aerolíneas plane received a bomb threat as it prepared to leave Cordoba, central Argentina. Following the threat, the aircraft was immediately evacuated and checked by airport security police. The search found no traces of explosives and, after a delay of about two hours, the flight departed for the provincial capital of San Salvador de Jujuy. As the threat was received before takeoff, the police were able to alert the control tower, which ordered the pilot to remain on the ground while safety protocols were enacted.

Source: Clarin

The head of Argentina’s new economy will meet the head of the IMF on Monday


Argentina’s new Economy Minister Silvina Batakis speaks during a news conference at the Economy Ministry, in Buenos Aires, Argentina July 11, 2022. REUTERS/Agustin Marcarian

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BUENOS AIRES, July 23 (Reuters) – Argentina‘s new economy minister Silvina Batakis will meet the head of the International Monetary Fund in Washington on Monday, the government said, as Argentina’s economy grapples with runaway inflation .

Argentina is the IMF’s biggest debtor with a $44 billion program that was approved by the board in late March. The Argentine peso currency also fell to record lows this week, weighed down by a stronger dollar around the world and a domestic political crisis.

Batakis was appointed less than a month ago after her predecessor Martin Guzman, the architect of the debt deal with the IMF, abruptly resigned with inflation running over 60% a year and set to continue. to increase.

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Batakis, who has said she will abide by the IMF deal, will meet IMF Managing Director Kristalina Georgieva. They have already spoken by phone in what Georgieva described on Twitter as a “really good call”. Read more

Argentine President Alberto Fernandez was also due to travel to Washington to meet US President Joe Biden, but the meeting was canceled after Biden contracted COVID-19.

Batakis is also due to meet with officials from the US Treasury Department and the World Bank, the government said.

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Reporting by Eliana Raszewski; edited by Marcelo Rochabrun and Grant McCool

Our standards: The Thomson Reuters Trust Principles.



Content of the article

Vancouver, British Columbia, July 22. 2022 (GLOBE NEWSWIRE) — Patagonia Gold Corp. (“Patagonia” or the “Company”) (TSXV: PGDC) announces that it has refiled its annual report on Form 20-F (the “Annual Report”) for the fiscal year ended December 31, 2021, at the request of the Corporate Finance Division (the “Staff”) of the Securities and Exchange Commission, following a review of the Staff.

The Annual Report has been refiled to remove the mineral resource disclosure for the Cap-Oeste and Calcatreu properties and to modify certain relevant sections as set out in the explanatory note to the Company’s Amendment No. 1 to the report. annually, in order to comply with Regulation SK Section 1302(b)(2)(i), pursuant to United States Securities Act of 1933as amended.

Content of the article

The associated CEO and CFO certificates were filed with the new annual report, all of which can be viewed under the company’s issuer profile on SEDAR at www.sedar.com.

About Patagonia Gold

Patagonia Gold Corp. is a publicly traded, South American-focused mining company listed on the TSX Venture Exchange. The Company seeks to enhance shareholder value through the exploration and development of gold and silver projects in the Patagonia region of Argentina. The Company is primarily focused on the Calcatreu project in Rio Negro and the development of the Cap-Oeste underground project. Patagonia, indirectly through its subsidiaries or under option agreements, owns mineral rights to more than 430 properties in several provinces of Argentina and Chile and is one of the largest landowners in the province of Santa Cruz, Argentina.

For more information please contact:
dean stuart
Such. : 403 617 7609
Email: [email protected]
Christopher van Tienhoven, Managing Director
Patagonia Gold Corporation
Such. : +54 11 5278 6950
Email: [email protected]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this new Release.

How to Use a Car Equity Loan When You Need Money

Image for article titled How to Use a Car Equity Loan When You Need Money

Photo: fongbeerredhot (Shutterstock)

The past few years have been a wild ride for almost everyone, with just about every aspect of our lives transformed in ways big and small. This kind of chaos is hard enough when you’re short on cash, but when cash is tight, inflation is skyrocketingand an emergency suddenly presents a huge bill to pay, things can get dark.

If you don’t have a solid emergency fund to deal with an emergency, the most common solution is to borrow silver. Using credit cards to manage sudden debt is an easy solution, but these interest rates are often will make you regret the decision and any type of payday loan will have the same result. What you need is a collateral-based secured loan, like a home equity loan, but that won’t help you if you’re a tenant. And that’s where your car can come in: Just like a home equity loan, you may be able to get an auto equity loan, even if you are still owe money on the vehicle.

Here’s how auto equity loans work.

What is the difference between an auto ttitle loan and a car equity loan?

The first thing to understand is that there are two ways to borrow against your car: a car equity loan and a car title loan. You’ll want to avoid the latter like the plague, as it’s basically high interest payday loan who happens to put a lien on the title of your car. They tend to be very short term and easier to get, which is why people fall for them, but it’s a bad deal and if you fall behind on payments, you could lose your car.

A aThe equity loan, on the other hand, is usually offered by a traditional lender, such as your bank. This is a secured loan using your capital in the car as collateral, so the interest rates are reasonable and the payments will be clear and fixed.

How to calculate your equity in your car

The first step to getting a home equity auto loan is to figure out what you strength be able to borrow. It’s a pretty simple process:

  1. Determine how much you still owe on the car. If you paid off the loan (or bought it with cash in the first place), this number is obviously zero.
  2. Determine the current value of the car by checking with Kelley’s Blue Book Where Autotrader or another resource. (Prepare to be disappointed – cars lose value quick.)
  3. Subtract the first number from the second. It is both your capital in the car and the potential value of your mortgage. That’s not to say that’s what a bank or other lender will actually offer you – they’ll have their own bizarre calculations to determine how much risk they’re willing to take.

For example, if you have a 2018 Ford Taurus in excellent condition, her current estimated value is approximately $18,500. If you owe $5,000 on the loan, you could potentially borrow $13,500 of your principal. While some lenders will let you borrow 100% of your equity in the car, many won’t be willing to lend you that much, but this is a good place to start.

The process of getting an auto loan is similar to any other loan. You identify a lender that offers auto equity loans (not all lenders do this – most big banks don’t, so you’ll probably have to explore smaller local banks or online banks like Funding for seafarers), complete the application and complete any other steps required by the lender. The process tends to be quite quick as long as everything is in order. With online lenders, you can often get an approval – and the money – within a day, but researching the best rates can be worth a bit of delay if you have the time.

The wrong side

While a car loan is better than a payday loan and can be a great solution for a short-term cash flow crisis, there are some downsides to consider:

  • Risk. You borrow money using your car to secure the loan, which means you could lose the car if you don’t repay the loan. This could be especially infuriating if you’ve paid off your car loan or are about to..
  • Hidden costs. Some lenders charge extra fees because an auto equity loan is not common and is perceived as a higher risk than other loans, so be sure to read all the fine print. And since it’s expensive to be poor, lenders may require you to purchase comprehensive auto insurance to protect their assets, so you’ll end up with higher monthly payments on top of everything else.

The bottom line? If you need short-term cash and have plenty of equity in your car, an auto loan is a relatively stable way to cover the gap. But exploring other options first might make sense, and you should always keep the risks in mind.

Argentina faces funding hurdles ahead of 2023 elections


From S&P
July 21, 2022

NEW YORK (S&P Global Ratings) July 21, 2022 – Argentina has obtained critical relief from the refinancing of its official and global debt in the capital market, but funding problems remain in its local debt market, S&P said Global Ratings in its article published today, “Argentina faces funding hurdles ahead of 2023 elections.”

The stage of the political cycle (with elections in 2023), in addition to the current pronounced macroeconomic imbalances, increases local vulnerabilities in terms of debt management.

Despite much lower refinancing needs (overall and public debt), Argentina’s macroeconomic problems have not stabilized. Inflation and parallel exchange rate pressures accelerated further in June and July amid heightened political and market unrest and the resignation of former Economy Minister Martín Guzmán.

The reduced appetite for government paper in the local bond market forced the central bank to act as a backstop. In the absence of strong policy signals and measures to reduce budget deficits and local financing needs, we expect the intense challenges in the local market to persist. Our “CCC+” sovereign rating reflects vulnerabilities in the timely payment of locally issued commercial debt (denominated in pesos and US dollars).

In our opinion, default, including a distressed reprofiling, is not a foregone conclusion. However, tackling macroeconomic imbalances would require tough economic choices. Supportive policies for macroeconomic stability, followed by credible execution of fiscal and monetary policies, will be key to bolstering market confidence under the leadership of Economy Minister Silvina Batakis. But to significantly reduce fiscal and external debt vulnerabilities, so does generating higher trend growth, including investment and exports. What is politically feasible is limited by political considerations, complicated by elections next year. In addition to reducing macroeconomic distortions, concrete policies aimed at boosting energy investment, which could at a minimum reduce energy imports and ease pressure on the balance of payments, could help.

The report is available to RatingsDirect subscribers at www.capitaliq.com. If you are not a RatingsDirect subscriber, you can purchase a copy of the report by calling (1) 212-438-7280 or emailing [email protected]. Ratings information can also be found on the public S&P Global Ratings website using the ratings search field located in the left column at www.standardandpoors.com. Members of the media may request a copy of this report by contacting the media representative indicated.

First wild jaguars in 70 years born in Argentinian national park


Published on: Amended:

Buenos Aires (AFP) – A jaguar born in captivity and released in Argentina’s Ibera National Park last year has given birth to two cubs – the first to be born in the wild in the protected wetland in 70 years, the state announced on Thursday. conservation organization Rewilding Argentina.

A hidden camera confirmed the guardians’ suspicions of the happy event, showing the mother jaguar caring for her offspring, said Magali Longo, coordinator of the foundation’s Jaguar Reintroduction Center (CRY).

“The mating of free-ranging jaguars and the birth of a new generation in the wild is great news for the project that seeks to halt the extinction of this species,” Rewilding Argentina said in a statement.

It also raised hopes of “regenerating a healthy population of jaguars” in the area that was once their natural habitat.

The cubs are the descendants of Arami, born at CRY in 2018 and released into the protected park last September, and Jatobazinho, a male rescued in Brazil, donated to the Argentinian project in 2019 and released into the park in December.

They were among eight jaguars released into Ibera Park last year, where they live like their wild ancestors: hunting capybaras, wild pigs and deer.

“If both cubs survive – which we should know in the coming weeks – the Ibera jaguar population will increase to 10,” said Sebastian Di Martino, the foundation’s conservation director.

This was important, he added, given that only about 15 jaguars are known to exist in the Chaco ecoregion that includes the park.

The CRY breeding and rehabilitation center has been operating for ten years in the Argentine province of Corrientes, where the jaguar disappeared locally 70 years ago.

It is estimated that between 200 and 300 jaguars remain in Argentina.

Ghana Ranked as Country With Second Highest Default Risk in the World CryptoGlobe


According to Visual Capitalist, Ghana is now ranked second on its list of countries with the highest risk of default in 2022. Only four countries, namely Ukraine 10,856 basis points (bps), Argentina (4,470 ), El Salvador (3,376) and Ethiopia (3,035) have a higher credit default swap spread than Ghana at 2,071 basis points.

El Salvador has the highest default risk

After seeing inflation soar to over 29% in June, Ghana, West Africa’s second-largest economy, is now ranked among the countries most likely to default this year, according to Visual Capitalist’s latest report. . sovereign debt vulnerability rankings showed. According to the data, Ghana is now ranked second, just behind the Central American state and the first country to make bitcoin legal tender, El Salvador.

Ghana ranked as country with second highest default risk in the world
Source: Visual Capitalist.

As shown by data from Visual Capitalist – an online publisher focused on technology and the global economy, among others – Ghana’s five-year credit default swap (CDSS) spread of 2,071 basis points ( bps) is one of the highest in the world. Only four countries have a credit default swap spread higher than that of Ghana: Ukraine (10,856 bps), Argentina (4,470 bps), El Salvador (3,376 bps) and Ethiopia (3,035 bps).

As Explain per Investopedia, CDS is “a financial derivative that allows an investor to exchange or offset their credit risk with that of another investor.”

Interest expense ratio

Another metric indicating Ghana’s likely default is the country’s interest burden as a percentage of gross domestic product (GDP). According to data from Visual Capitalist, with a share of 7.2%, Ghana’s interest expense ratio is the second highest in the world behind that of Egypt (8.2%).

When these measures are combined with the country’s debt as a percentage of GDP of 84.6% and a government bond yield of 17.1%, Ghana, which eventually agreed to seek assistance from the International Monetary Fund ( IMF), seems destined to follow in the footsteps of Sri Lanka, which defaulted in May.

Meanwhile, according to the Visual Capitalist ranking, Tunisia is the African country with the second highest default risk in 2022 and is followed by Egypt. Overall, Tunisia is ranked third while Egypt and Kenya are ranked fifth and sixth respectively. Rounding out the top ten countries with the highest default is Namibia.

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Keywords in this story

bitcoin legal tender salvador, CDSS, credit default swap spread, financial derivative, gdp, Ghana default, government bond yield, IMF, inflation rate, interest expense, sovereign debt

What are your thoughts on this story? Let us know what you think in the comments section below.

Terence Zimwara

Terence Zimwara is an award-winning journalist, author and writer in Zimbabwe. He has written extensively on the economic problems of some African countries as well as how digital currencies can provide Africans with an escape route.

Image credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. This is not a direct offer or the solicitation of an offer to buy or sell, or a recommendation or endorsement of any product, service or company. bitcoin.com does not provide investment, tax, legal or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

After nearly 100 years, Argentina acknowledges state massacre of indigenous communities


On May 19, after a month of hearing testimony in Chaco and Buenos Aires, Federal Judge Zunilda Niremperger read her sentence – simultaneously translated into the Qom and Moqoit languages ​​- on the Napalpí massacre. “The state attacked the communities as part of an organized plan before,” she said, explaining why the court determined that what happened in Napalpí was a crime against humanity. “It was an organized extermination.”

This trial was unusual: it took place 97 years and 10 months after the Napalpí massacrebut eventually the Argentine state recognized the brutal attack on the Qom and Moqoit indigenous communities in 1924.

The massacre that occurred on July 19, 1924 was part of what experts believe was a systemic plan to eliminate and suppress indigenous communities during the building of the modern nation of Argentina. Not much is known about the events of the massacre because, until recently, the state did not investigate or acknowledge the event.

The Napalpí was one of the four indigenous “reductions” created by the state to discipline and control the communities defeated in the military invasion of the Chaco region. The term “reduction,” as these spaces were called, indicates their purpose: reduce means to shrink, to decrease. These lands were essentially concentration camps, similar to those created by the Spanish during the Cuban War of Independence. The Napalpí community lived under a strict regime created in 1911, in which they were forced to work in the cotton fields. Children did not go to school and families could not leave the area.

Fernando Centeno, then governor of the Chaco region, prohibited the inhabitants of Napalpí from using their income outside the reduction and forced them to pay for the transportation of their crops and even their work clothes. Days before the massacre, the community organized to protest their unfair working conditions and demand better wages. In response, the government ordered the attacks which were carried out by local police and the military, launching a vicious ambush by air and ground and killing an estimated 500 Moqoit and Qom.

Recent investigations of government records from those years have shown that the massacre was carefully coordinated and planned, with weeks of intelligence and coordination leading up to the events of July 19.

Piecing together the history of the trial has been difficult, given that no investigation was opened directly after the massacre and the testimonies of survivors remained unheard for nearly a century. But, thanks to the efforts of their descendants, historians and sociologists, and with the support of the current Chaco government, a trial for the truth was opened in April of this year. The purpose of the trial was not to condemn, since those directly responsible for the massacre are already dead, but to validate the voices of the communities and defenders of Napalpí and to recognize the crimes against humanity that were inflicted on their ancestors. In Argentina, a country that prides itself on being a pioneer in trials acknowledging its violent history – particularly linked to the junta dictatorship – the state owed indigenous communities the gesture of acknowledging their history.

Reconstructing the massacre through testimony

In her testimony, Rosa Grillo recalls how, on July 19, 1924, hundreds of men, women and children were surrounded by earth, attacked from the air and brutally murdered. Airplanes approached the area, dropping candy and food on the ground as a decoy. Once people came out to get the food, the shooting started.

Grillo, a 114-year-old woman, is one of the very few survivors of Napalpí. His testimony which was shown during the trial was taken from a video shot in 2018 by Qom researcher Juan Chico during his investigation into the massacre. His story was key in helping the Napalpí case come to trial.

“No one has ever spoken about what happened until now,” she said. “[That day] was very sad, because they killed my father. My mom and grandpa ran through the woods yelling at us to run too.

During the trial, historian Nicolás Iñigo Carrera explained the massacre in the context of Argentina’s emergence as a nation-state and its entry into the world market in 1880. The goal of coercing the Chaco communities to cuts was to create cheap labor. which would encourage companies to settle in the region. The Centeno government, Carrera explained, viewed indigenous peoples as militant opponents. During the trials, he shared evidence from the archives, highlighting how authorities at the time called indigenous communities “subversive,” the same classification the military would use against militants in the 1970s.

Other testimonies used archival documents to claim that the attack had been carefully planned, showing how police and military forces had been sent nearby two days before. Proving this helped support the assertion of the event as a crime against humanity, as later decreed by Judge Niremperger’s sentence. In her decision, she recognizes the responsibility of the Argentine state in the massacre and obliges the state to acknowledge it publicly. The decision also demands that the state implement a series of public policy reparations, including training the army on the rights of indigenous communities, the creation of a museum and a memorial site in Napalpí, the incorporation of events into the national history curriculum and the return of used remains. for investigation to their descendants. As part of recognizing the events and maintaining a policy of remembrance, the truth trials were broadcast on national television.

Activists gathered to hear the sentence in Resistencia, Chaco (Juan de Jesús Longo)

Although the verdict is a significant victory, experts believe real justice will require a more sweeping shift in public policy. According to sociologist and researcher Marcelo Musante, many government institutions in Argentina were created at the end of the 19th century and still reproduce racism and violence against indigenous communities.

“The Argentine state was founded in the indigenous genocide: it’s in public discourse, it’s in school education,” he said. In contemporary Argentina, relations between the state and indigenous communities continue to be tense and violent. Land ownership and the right to access their ancestral territories is one of the main conflicts, such as in Patagonia where private companies occupy the land and displace the remaining communities in the region.

“When indigenous communities organize in Patagonia, they are suppressed by five different armed forces and their claims are never recognized,” Musante said. In the north, other indigenous communities live in extreme poverty and the state violates their rights by failing to meet their basic needs.

Argentina has laws to protect its indigenous communities, such as the Indigenous Communities Territorial Survey Law. The law obliges the State to respond to the territorial emergency in which the indigenous communities live by preventing evictions and carrying out an in-depth census of the populations inhabiting these lands. However, the law, passed in 2016, has still not been implemented.

As communities in the Chaco celebrate the victory of Napalpí’s sentence after decades of invisibility, many hope this will be the turning point in how authorities deal with the grievances of communities that have resisted his violence for centuries.

“I hope this trial is not the end, but the beginning of a period of reflection on the part of the state,” Musante said. “I hope this will open up a debate about what is happening with displacement and encourage authorities to implement existing laws.”

Lucie Cholakian Herrera is a freelance journalist based in Buenos Aires. She covers human rights, politics and gender in Latin America.

“Citrus from South Africa, Egypt, Morocco and Argentina are highly sought after in the Baltic”


Lithuania and other Baltic states are feeling the pressure of inflation with rising fuel, food and consumer goods prices, but there is still demand for higher quality but cheaper imported fruit and vegetables. fair price. “It is above all citrus fruits from South Africa, Egypt, Morocco and Argentina that are in high demand,” according to Edvin Kokojev, commercial buyer at Augma, importer of fresh fruits and vegetables in the Baltic countries.

“Lithuania has the highest inflation compared to other Baltic states. We see the very significant increases in the prices of food, fuel and consumer products. We know and believe that many people here are very price sensitive. As soon as the price of the product increases, the demand decreases. This is especially the case with exotic fruits. Price directly affects volume. Even during seasonal changes from one supplier country to another. When we see the citrus supply changing from Egypt shipping cheaply to South Africa, we see a huge drop in sales because people are affected by the price. It takes time to turn up the volume. We cannot get the same price for the products we import from Argentina and South Africa compared to Egypt because the cost and freight are very different. This also affects the end consumer.”

“People here are also very focused on quality, it’s very important to them. In Lithuania we have a lot of supermarkets, which means people are willing to visit a few stores 2-3 times a week, ranging from store to store in search of the That’s why it’s important for us to present the best quality,” says Kokojev.

Augma, owner of the largest banana ripening facility in the Baltic, has been importing fruits and vegetables to Lithuania and the Baltic countries for almost 30 years. They supply all local supermarkets and small shops as well as restaurants. Furthermore, the importer has five of its own stores in Lithuania where it sells directly to final consumers.

“We have five different buyers in our business, each responsible for their own set of products. My main citrus import depends on country and volume. For this season, we imported more than 100 containers, or about 2,000 tons of citrus from Egypt. We import from Argentina and currently from South Africa. We are also looking for exporters of fresh limes from Brazil, it would be nice to start directly. My colleagues import grapes, kiwis while we are big on avocados”, explains Kokojev.

Edvin Kokojev, unloading a crate of South African citrus fruits

He said they were importing far less from Spain due to rising fuel and transport costs. “Because of fuel prices in transport, it was simply not profitable to import a lot from Spain. Obtaining citrus by shipping from Egypt was more profitable. This is why our imports from Spain are lower this year compared to previous years. »

“The Baltic supermarkets are our first market. Our goal is to provide top quality products while maintaining competitive prices. That’s why I’m looking for direct suppliers from Egypt, Morocco, South Africa, Brazil and Argentina. I need to expand our supplier base, especially during the Christmas season, I would like to expand our citrus program,” Kokojev concluded.

For more information:
Edvin Kokojev
Such : +37060205617
E-mail: [email protected]

FG approves the import of genetically modified wheat from Argentina


The federal government has approved the import of genetically modified drought-tolerant wheat developed by Argentina’s Bioceres. According to data from the United States Department of Agriculture, imports will reach 6.5 million tons of cereals during the 2022-2023 season. The permit issued by the National Biosafety Management Agency (NBMA) authorizes the import of genetically modified wheat: IND-00412-7 — for food, feed and milling” and is valid until July 2025 It was revealed that the country has joined Australia, New Zealand and Brazil, among other countries, which have already allowed the import of products made from Bioceres.

In 2020, genetically modified wheat was approved by the Argentinian government. However, earlier this year it allowed the sale of GMO wheat seeds to farmers. In addition, to further boost grain production, the NBDA has started a trial phase of the new TELA maize in some states to understand the variety among farmers.

The agency’s deputy director, Rose Gidado, recently said in Lagos that farmers would start planting the crop during this year’s planting season. Tela maize is a genetically modified organism (GMO) crop variety designed to resist insect pests like fall armyworms and stem borers and to tolerate moderate drought. In 2021, the federal government, through the NBDA, granted environmental clearance for the evaluation and outdoor cultivation of new varieties of corn.

The crop was developed by the Institute of Agricultural Research (ARI), Ahmadu Bello University (ABU), Zaria, in collaboration with the African Agricultural Technology Foundation (AATF), Kenya and the National Biotechnology Development Agency . Gidado noted that ABU’s IAR, which had a mandate to improve maize, had started distributing the seeds to farmers. The deputy director noted that the maize will undergo two rounds of testing in 2022 and 2023 before being recommended for marketing. According to her, Tela maize investigative trials are currently underway in some states such as Adamawa, Kaduna, Kano and Jigawa. She said, “The planting season has just started and they are just distributing the seeds to the farmers. Farmers will plant maize alongside other varieties, and then at the end of the harvest, farmers will know which seed is the best. “At this time, we cannot determine the level of acceptability as it must undergo two cycles of testing before it can be recommended for possible commercialization.

“We want the farmers to speak for themselves, we don’t want to put words in their mouths and the lawsuits will do them justice.” It should be recalled that the Farmers Association of Nigeria (FAN) said that Nigerian farmers were producing no less than 20 million tonnes of maize in 2021, up from eight million tonnes in 2015, an increase of 150%.

The association’s national chairman, Alhaji Bello Abubakar, told the Katsina Emir’s palace that maize production in the country has increased, adding that this has been achieved through the introduction of farmers into the farming system. modern by association. He noted, “They learned what is called mechanization, from beginning to cultivation, through the use of machines.”

Abubakar explained that as many as 500,000 maize farmers had benefited from the anchor borrower scheme, adding that as many as 80,000 had benefited from Katsina. The President stressed that the visit to the palace by the Emir of Katsina, Alhaji Abdulmumin Kabir, was aimed at gaining more support from the Emir and also engaging the traditional rulers in the anchor borrower program of Katsina. the CBN so that grassroots farmers can benefit from it. In his response, the Emir hailed the association’s support to Nigerian farmers, calling on them to be great and not let politicians destroy the scheme.


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Yet another anniversary of the AMIA bombing and no one is jailed – MercoPress


Another anniversary of the AMIA bombing and no one is jailed

Tuesday July 19, 2022 – 09:25 UTC

“In terms of the fight against terrorism, Argentina is exactly the same as 30 years ago,” Linetzky stressed.

The relatives of the 85 victims and the whole of Argentine society wondered once again on Monday how it could be that 28 years after the bombing of the Israeli Association for Social Aid AMIA no one has ever been held responsible.

The absence of President Alberto Fernàndez from the commemoration ceremony added to the dismay of attendees, who described the case as a “humiliating failure” for Argentina’s justice system.

“The case is one of the most shameful reflections in Argentine history, one of the great debts of democracy, a picture we hate to look at because it shows us a humiliating failure. Time is running out and we continue without progress in the investigation of the worst terrorist attack suffered in our country,” said AMIA President Amos Linetzky.

“It is clear that the responsibility for the attack lies with senior Iranian government officials at the time, as well as active members of Hezbollah,” he added.

He also pointed out that there are international arrest warrants against these suspects who must remain within the borders of the “countries that protect them”.

One such suspect is Iran’s current vice president for economic affairs, Mohsen Rezai, who attended the inauguration of President Daniel Ortega in Managua in January this year.

“It has not been possible to catch even one of the multiple perpetrators of such an atrocity, the scoundrels, miserables and murderers of 85 people continue to enjoy their daily lives, traveling the world in complete freedom. How to explain so much impunity? adds Linetzky.

A siren sounded at 9:53 a.m. local time, the exact time in 1994 when a car bomb exploded in front of the AMIA headquarters on Rue Pasteur in Buenos Aires.

President Fernàndez skipped the first in-person ceremony in the last two years after the COVID-19 lockdowns, but wrote on social media that “28 years after the AMIA bombing, we say again” here “. For the 85 people killed that morning, for their families and for all of Argentina. We have memory. We demand justice.

Under the motto “We return to Pasteur”, the relatives of the victims and survivors of the attack met where the association once operated.

“When was the last time the Special Prosecutor’s Office, in charge of prosecutors Sebastián Basso and Gonzalo Miranda, produced at least one novelty in the case? Linetzky also wondered. “We don’t know that they were deprived of resources. So why do they spend their days in one of the biggest prosecutor’s offices in the country? he added.

The Alberto Fernàndez administration has also been criticized for the ongoing crisis involving a Venezuelan-Iranian cargo plane: “In terms of the fight against terrorism, Argentina is exactly the same as it was 30 years ago when we suffered the first of the attacks against the Israeli army. Embassy in Buenos Aires. We haven’t learned anything. Our borders are still porous, our controls weak,” said the head of AMIA.

#AM_Equality: July 18, 2022 – Human Rights Campaign


⚖ HRC RESPONDS TO FEDERAL JUDGE TEMPORARILY BLOCKING TRANS-AFFIRMING TITLE IX GUIDELINES: “We are disappointed and outraged by this ruling from the Eastern District of Tennessee where, in another example of far-right judges legislating from the bench, the court blocked guidelines confirming what the Supreme Court decided in Bostock v. Clayton County: That LGBTQ+ Americans are protected by existing civil rights law,” said Acting President of the HRC, Joni Madison (@HRC_Presidentshe she). “Nothing in this decision can prevent schools from treating students in accordance with their gender identity. And nothing in this decision eliminates the schools’ obligations under Title IX or the abilities of students or parents to sue in federal court. HRC will continue to fight against these anti-transgender decisions with every tool in our toolbox. More CNN and HRC.

HRC LEGAL DIRECTOR AT HOUSE JUDICIAL COMMITTEE HEARING: ‘A DOMINO EFFECT COULD HAPPEN’ IF MAJORITY INFLUENCED BY JUDGE THOMAS ON LGBTQ+ RIGHTS: “Even if the Court were to ever revisit cases like Magnet, LawrenceWhere Oberefellthese precedents have deep and dual constitutional roots, not only in due process, but also in equal protection jurisprudence,” said Sarah Warbelow, Legal Director of the HRC (@sarahwarbelowshe she). “They have made lasting decisions that impact their relationship with the government and that entail financial, family and other obligations, and they have exposed themselves to the public… Indeed, considering returning to a scenario where these rights could not no longer being summoned is horrible to even imagine. To put it bluntly, were Lawrence be voided, a marriage certificate could be evidence of a crime. More HRCs.


Lisandro Martinez: The Argentina international has shone for Ajax and offers intelligence, strength and versatility | Soccer News


“At first I felt like going home and crying,” said Lisandro Martinez. It was in August 2020 and, in an interview with the Nationthe young Argentinian remembered his arrival at Ajax a year earlier.

“The first few weeks were horrible,” added Martinez. The practices, he said, were “completely different” from what he was used to in Argentina. “Different intensity. Different control. Different passing. Different reading of the game.”

Martinez, a newcomer to Europe and only 21 at the time, struggled to keep up. “I’m a player who likes to have the ball, but when they played with one or two quick touches they killed me,” he said. “It was unbelievable how late I was.”

It was also incredible the speed with which he overcame these first difficulties.

Martinez quickly found his feet among his new teammates – “I started to feel good after pre-season,” he said – and set about realizing the huge potential Ajax had seen in him as a combative and technically gifted centre-back with Defensa. y Justice in Argentina.

In a few months, a player almost reduced to tears by the rise in range of Ajax had become nicknamed “the butcher” by the supporters of the club. Aggressive in his defense but measured in ball possession, he was already a key figure for Erik ten Hag.

Three years later, Martinez is set to reunite with his former manager, with Manchester United beating Arsenal to his signature. The Premier League beckons.

Versatility and Kimmich’s study

Martinez completed his €7million move from Defensa y Justicia to Ajax the same summer Matthijs de Ligt left for Juventus.

The Argentine was seen as a long-term replacement for the former club captain at centre-back, but his success in Holland and his appeal to United and Arsenal are also down to his versatility. Martinez can also play at left-back or central midfield.

Indeed, having started his first season at Ajax in De Ligt’s former position, the one in which he had played most of his football as a young player in Argentina, he quickly found himself occupying the midfield position vacated by Frenkie de Jong six months earlier. .

“At the start of the season, we were looking for a brain for central midfielder,” Ten Hag said at the time. “We knew Martinez had played in central midfield, but could he do it in the Ajax system? We tried him there and saw some good things.”

It’s a testament to Martinez’s tactical intelligence that, in an unfamiliar environment and with no knowledge of English, let alone Dutch, he was able to adapt to probably the most demanding role on the team. ‘Ajax, dictating play from the base of midfield and providing a bridge between defense and attack.

Martinez was helped by his innate technical ability, but his appetite for improvement was just as important. Martinez, studious by nature, made a concerted effort to observe and learn from other players who had made the transition from defense to midfield.

“The club always gives you information, but you have to do extras yourself for a new position,” he added. the Nation. “I watch football all the time and I watch all the players, in all positions, and watch how they move. I like the detail on the players.”

Lisandro Martinez joined Ajax from Defensa y Justicia in Argentina in 2019
Lisandro Martinez joined Ajax from Defensa y Justicia in Argentina in 2019

One player he particularly watched was Bayern Munich’s Joshua Kimmich, who started as a right-back before moving to midfield to great success under Pep Guardiola.

“When he plays in midfield, I like his composure and the way he reads the game,” Martinez said. “A player has to be smart. He has to have confidence, of course, but it’s a game of decisions and you make decisions with your head.”

Martinez quickly became known as an old head on young shoulders at Ajax and he shone in that debut season, starting all but one of their 37 games in all competitions before the Eredivisie campaign was cut short. by the pandemic in April 2020.

Barrier-free height in defense

The following season proved more difficult for Martinez, with Ten Hag initially preferring to use Ryan Gravenberch in the deep midfield role and Daley Blind as left centre-back.

But after a few months on the periphery, Martinez worked his way into the team, this time in central defence, where he formed an effective partnership with academy graduate Jurrien Timber.

The midfielder’s return to centre-back meant Martinez had to take on additional defensive responsibility, but playing deeper didn’t make him any less influential in Ajax’s build-up game.

In fact, last season he averaged more assists per 90 minutes than any other Eredivisie player, while only two players averaged more assists per 90 minutes.


These numbers underscore Martinez’s ability to play across opposition lines, but he’s also adept at switching games and picking teammates from longer distances. At Ajax last season, no player averaged more successful long passes per 90 minutes.

The return to centre-back also allowed Martinez, voted Ajax Player of the Year for his role in their Eredivisie title triumph last season, to overcome any doubts about his physical suitability for the role. .

Martinez is just 5ft 9in, making him small for a centre-back, a relative lack of height that convinced his boyhood club Newell’s Old Boys to allow him to join rivals Defensa y Justicia as a young player in Argentina.

“His natural position is central defense but because he is not tall, his coaches at Newell doubted him when he was trying to earn his place,” said Nicolas Diez, one of his coaches at Defensa y. Justicia, in an interview with El País shortly after leaving for Ajax.

“They were a little worried about the height,” Martinez himself recalled, “but that’s something I never cared about.”

Lisandro Martinez in action for Ajax in the Champions League
Lisandro Martinez in action for Ajax in the Champions League

Instead, he decided to make up for it in other ways.

Like his compatriot Roberto Ayala, a former Argentine international considered one of the best central defenders of his generation despite his small size, Martinez is deceptively strong in the air and has a formidable leap forward.

Last season at Ajax he made more header clearances (29) than any other player and won 79 of his 112 aerial duels, giving him a 71% success rate and putting him just behind Harry Maguire among Manchester United and current Arsenal center. -back.

Martinez can expect to face more demanding opponents in the Premier League, of course, but he is also helped by a good reading of the game. He is known to anticipate forward runs and position himself intelligently to make tackles and interceptions .

These qualities, coupled with his versatility and technical prowess, make him all the more appealing to Premier League contenders. A move to Old Trafford seems to be getting closer. But Lisandro Martinez has already come a long way.

Follow the transfer window with Sky Sports

Who will be on the road this summer before the transfer window closes in 11 p.m. on September 1?

Keep up to date with all the latest transfer news and rumors in our dedicated Transfer Hub blog at Sky Sports’ digital platforms. You can also catch up on the ins, outs and analysis at Sky Sports News.

Francisco Morales Bermudez, former Peruvian military leader, dies at 100


Francisco Morales Bermudez, a Peruvian army general who seized power in a 1975 coup and led the country to elections five years later, but also joined other South American strongmen in a clandestine network that left hundreds of political opponents imprisoned or presumed killed, died July 14 in the Peruvian capital, Lima. He was 100 years old.

Mr. Morales Bermudez’s son, Remigio Morales, confirmed the death, but did not provide a specific cause.

Mr. Morales Bermudez was one of the last surviving leaders of the military-led juntas that dominated much of South America in the 1970s and 1980s, often backed by Washington as anti-Communist allies despite widespread repression and rights violations.

At first, Morales Bermudez kept himself somewhat aloof from the region’s right-wing leaders. Days after taking power in August 1975, he pledged to keep alive some of ousted General Juan Velasco’s socialist-style policies, including the nationalization of key industries and a “militant and active stance against imperialism”. “.

Later, he aligned himself more with other military juntas, courting support and aid from the United States and relaxing state controls on the economy. Another major development: support for a regional network, says Operation Condorto arrest or extradite political opponents, many of whom then “disappeared” as apparent victims of death squads.

The precise number of people killed after cross-border renditions under Operation Condor remains unclear. John Dinges, a longtime writer on Latin American affairs and author of the 2004 book, “The Condor Years,” said he has documented more than 650 cases. The crackdown, however, was part of a much wider wave of brutality by South American regimes against dissidents, opposition clerics, journalists and others, which led to the imprisonment or disappearance of dozens of thousands of people.

US government records, some uncovered in 2020 by National Security Archive researchers in Washington, showed that US officials were aware of Operation Condor, led by Chilean dictator General Augusto Pinochet, but apparently did little to contain it. South American governments at the time used a communications network built on encryption machines from a Swiss company called Crypto AG, which was secretly owned by the CIA as part of a decades-long operation with the intelligence services. West Germans.

How the CIA had a secret window into South American political brutality

In Peru, meanwhile, Mr. Morales Bermudez received signals of support from the White House.

He was hosted in Washington for Latin American summits, and in June 1977, First Lady Rosalynn Carter joined Mr. Morales Bermudez and his family at a Peruvian resort. Secretary of State Henry Kissinger visited Lima in early 1976 and endorsed Morales Bermudez’s “new vision” based on “international realities” – a clear nod to the general’s estrangement of the Soviet Union and its allies.

“We sense some concern at the Cuban Embassy here,” said a classified cable from the U.S. Embassy in Lima in July 1976, part of a trove of State Department documents made public by the group of disclosure of WikiLeaks secrets.

In 2017, a Italian justice sentenced Mr. Morales Bermudez in absentia for Operation Condor disappearance of more than 40 people, including more than 20 with dual Italian nationality. A life sentence has been imposed on Mr. Morales Bermudez and other former political and military leaders in Latin America, including former Bolivian President Luis García Meza Tejada.

In February, the highest court in Italy rejected an appeal by Mr. Morales Bermudez’s defense team.

Buenos Aires authorities have also opened an investigation into Mr. Morales Bermudez for the capture of opponents of Argentina’s military regime at the time, including three people suspected of links with Argentina’s dissident Montonero guerrilla movement abducted by Argentinian soldiers in Lima in 1980.

Mr. Morales Bermudez denied being part of Operation Condor, but admitted that his government had authorized the extradition of some people wanted by The Argentinian Army regime. He often said he needed to avoid conflict in the region to stay focused on his goal of restoring civilian rule.

He authorized elections in 1980 amid an economic crisis that left his regime in trouble. Voters returned to President Fernando Belaunde, who was ousted in a 1968 coup that began 12 years of military rule in Peru.

In return to democracy, Peru holds its first elections in 17 years

“Ambiguity is a good term to describe [Mr. Morales Bermudez]said Dinges. “He brought the country back to an elected government. Nor was he of the level of brutality of Pinochet and others. But that doesn’t excuse him either.

Francisco Remigio Morales Bermudez Cerruti was born on October 4, 1921 in Lima with a political pedigree. His grandfather, Remigio Morales Bermudez, ruled Peru as president from 1890 to 1894.

His father, Lt. Col. Segundo Remigio Morales Bermudez, was killed in a possibly politically motivated attack in 1939. Mr. Morales Bermudez played an increasingly prominent role in the military-led regime after the 1968 coup. (He also served briefly as Minister of Economy in Belaunde’s first civilian government.)

Morales Bermudez was twice Velasco’s economy minister and prime minister of Peru, a largely ceremonial post, when he took power in 1975. He quickly tried to bring about a political truce, allowing the return to Peru of all political personalities, journalists and others. exiled under Velasco.

Mr. Morales Bermudez ran for president in 1985, but received little support from voters. He is survived by his son. Details about other survivors were not immediately clear.

In June 2021, Mr. Morales Bermudez made one of his last public appearances at a polling station in San Isidro, outside Lima. He arrived in a wheelchair with a long scarf around his neck. He made no mention of the Operation Condor lawsuits.

“My thinking is that we are going through difficult times,” he told a reporter, “and the vote, though mine is humble, is necessary.”

EMERGING MARKETS-Latam FX Gains as Dollar Eases; Chilean peso outperforms thanks to c.bank intervention


Band Susan Mathew and Devik Jain

July 15 (Reuters)The Chilean peso soared as much as 9.8% on Friday as the central bank intervened to lift the currency from record lows, while a break in the dollar led to gains in most other Latin American currencies.

The Chilean currency CLP= was on course for its best ever session as the central bank agreed to a $25 billion foreign exchange intervention to support the currency of thee to a unifying dollar, the fall in the price of copper, Chile’s main export product, and youuncertainty.” [nL1N2YW0YE]

Bets on an aggressive move by the US Federal Reserve this month and the safe-haven call amid recession concerns have fueled the dollar .DXY to nearly two-decade highs. XRF/

The peso broke through 1,060 to the dollar for the first time on Thursday and is at a record high for more than three weeks. The central bank’s decision raised it to 974.2 Friday.

“An intervention of $25 billion in a country like Chile where the GDP is not very large is remarkable. There is no doubt that it is going to be an outperformer as a result of the program,” said Marcos Casarin, economist Chief LatAm at Oxford Economics in Mexico. .

“We found the Chilean peso over 20% undervalued before this announcement, so the discount is too big. We understand their political risks with the new constitution, but at the same time the fundamentals don’t look so bad. “

The Mexican peso MXN= pink 1.26% as the dollar took a breather as two of the Fed’s most hawkish policymakers said overnight they favored another 75 basis point hike after US inflation spiked betting on a 100 basis point move this month.

As oil prices recovered, the crude oil exporter’s Colombian peso COP= strengthened 3.06% at 4349.6further away retrieve of the record high of 4,658.02 reached earlier this week. Colombia’s retail sales rose 34.8% in May from a year earlier. WHERE[nL1N2Y21RB]

The true of Brazil BRBYgained 0.5% in volatile trading.

Stocks in the region .MILA00000PUS rose 1.9%, trailing Wall Street after upbeat U.S. retail sales data eased worries about a looming recession. [.N]

However, Argentina heavily controlled peso ARS=RASL fell 0.16%. A Bloomberg report said Argentina’s central bank was keeping its benchmark interest rate at 52%, according to a person with direct knowledge of the issue. significant, as inflation galloped to 64% in the 12 months to June.

Meanwhile, Argentina’s central bank on Thursday announced a shift in its strategy for setting the country’s interest rates, seeking to achieve positive real interest rates, which is part of its credit agreement with the Monetary Fund. international.

Major Latin American Stock Indices and Currencies at 1842 GMT:

Stock indices


% daily change

MSCI Emerging Markets .MSCIEF



MSCI Latam .MILA00000PUS



BrazilBovespa .BVSP



Mexico IPC .MXX






Argentina MerVal .MERV








% daily change

Brazilian real BRBY



mexican peso MXN=D2



chilean peso CLP=CL



Colombian peso COP=



Soil of Peru PEN=PE



Argentinian peso (interbank) ARS=RASL



Argentinian peso (parallel) ARSB=



(Reporting by Susan Mathew and Devik Jain in Bengaluru; Editing by Jonathan Oatis and Richard Chang)

(([email protected];))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Friday’s Argentine Primera Division predictions including Arsenal Sarandi v Platense


Sports Mole provides score predictions and previews for all Argentine Primera Division matches today, including Arsenal Sarandi vs Platense.

© Reuters

Seeking to end a three-game winless streak, shoot welcome Defense and Justice at the Estadio Eva Peron on Friday in the eighth round of the 2022 Argentinian Primera Division.

Meanwhile, the visiting team make the trip to Junin in search of a third rebound win after hitting a milestone in recent weeks.

We say: Sarmiento 2-1 Defensa y Justice

There’s little choice between the sides, and the game could easily swing back and forth. However, Sarmiento have been solid on their own patch lately, and coupled with their impressive record in this game, we’re egging them on for a narrow victory in the end.

Our Tipster the partners predict less than 3.5 goals.

> Click here to read our full preview of this match

A general shot of a May 2022 soccer ball© Reuters

Atletico Tucuman will be looking to pick up three rebound wins on Friday when they travel to the Estadio Jose Maria Minella to face Aldosivi.

After a disappointing start to the season, the hosts head into the weekend rooted to the bottom of the Primera Division table and will be desperate to get their season started.

We say: Aldosivi 0-2 Atletico Tucuman

Atletico Tucuman will be licking their lips as they lock the horns with an out-of-this-world Aldosivi side rooted to the bottom of the table. While the hosts will be desperate to clear themselves from the bottom of the log, we’re backing Pusineri’s side to extend their dominance in this game and come away with a comfortable win.

Our Tipster the partners predict less than 3.5 goals.

> Click here to read our full preview of this match

A general shot of a May 2022 soccer ball© Reuters

Looking to pick up a third straight league win for the first time since 2019, Arsenal Sarandi be the host of Platense at the Estadio Julio Humberto Grondona on Friday.

Calamares head into the weekend as one of three Primera Division sides to yet have lost a game this season and will be looking to keep that fine record alive.

We say: Arsenal Sarandi 1-1 Platense

After their impressive start to the season, Platense will rely on their strong defense this weekend as they look to maintain their unbeaten run. However, they face an opposing team that finally seems to have won. That said, we’re planning for an end-to-end affair between the parties, with the spoils being shared in this one.

Our Tipster the partners predict less than 3.5 goals.

> Click here to read our full preview of this match

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Argentina: Import blockages raise fears of imminent shortages


BUENOS AIRES, Argentina — Raul Amil has worked in the auto parts industry in Argentina for more than 25 years. He lived through many economic crises in a country notorious for its seemingly constant crashes. But he says what Argentina is going through now is unprecedented.

Amil is not alone.

Business leaders across Argentina are scrambling, trying to weather a new wave of import restrictions at a time when the government is trying to hold on to some precious hard currency reserves. The government is making it difficult to buy goods overseas and making it harder for businesses trying to maintain inventory, which some say could lead to shortages.

“Seeing the problems that exist today, it doesn’t take a genius to realize that sooner or later there will be problems,” Amil, who runs Ventalum, an aluminum auto parts maker with 180 employees .

Juan Pablo Ravazzano, who heads the Argentine Chamber of Animal Nutrition Companies (CAENA), is one of many business leaders in Argentina who is counting the days until he says shortages will start to become a reality.

“If it continues like this, in 45 to 60 days we will have shortages of raw materials,” including amino acids, vitamins and minerals needed to make animal and pet food, Ravazzano warned.

Import restrictions are nothing new in Argentina, a country that has long suffered from a chronic shortage of hard currency, which has only worsened in recent months as pressure on the local peso mounts in a context of high inflation and soaring energy import costs.

Yet the government of President Alberto Fernández has further tightened the screws on imports recently as it struggles to meet Central Bank reserve requirements that are part of a recent agreement with the International Monetary Fund to restructure a $44 billion debt.

The tightening of import controls was one of Martín Guzmán’s last official acts before he resigned as economy minister on July 2, as tensions within the governing alliance flared into the open. .

His successor, Silvina Batakis, has pledged to continue the government’s economic plan as it faces many challenges, including trying to rein in one of the world’s highest inflation rates, which is rises to more than 60%, while the peso continues to depreciate financially. market in a context of strict capital controls.

“The Central Bank doesn’t have dollars. It doesn’t have any now because it has an exchange rate system that is unsustainable,” said Marcelo Elizondo, an economic analyst specializing in international trade. and who runs the DNI consulting firm.

Argentinians are so wary of their currency that they save in dollars, but the government has imposed strict restrictions on access to US currency. The official exchange rate is around half of what it costs to obtain dollars through financial market transactions.

“Restrictions are basically a way to prevent the exchange rate from rising so that it doesn’t affect the rate of inflation,” Elizondo said. “Obviously the economy is very affected.”

This means businesses must rely on the Central Bank for approval to purchase supplies essential to their operations.

“The Central Bank has the power to decide who will import and who will not … and that is not normal,” said Daniel Rosato, the chairman of Rosato, which manufactures toilet paper and paper towels in the province. from Buenos Aires. “If this is not resolved quickly, it will generate shortages, productivity problems, businesses that will have to stop for lack of supply.”

The government has vehemently denied that shortages are a widespread problem, although it has acknowledged that there may be instances where certain products are difficult to obtain.

“There may be isolated cases of missing products in certain departments,” said Gabriela Cerruti, the presidential spokeswoman, during a press conference on Thursday. “But there are no huge missing product situations anywhere or any circumstances that would lead us to think … of shortages.”

Business leaders often find import blocks particularly frustrating because they can prevent manufacturers from operating at full capacity and generating exactly the kind of dollars and jobs the country needs.

“The manufacturing sector emerged from the pandemic in a good position, with growth of 10%. But these restrictive measures due to the lack of hard currencies can lead to lower growth,” said Alejandro Bartalini, the owner of Metalcrom, who manufactures parts for the agricultural and oil sectors. “Today, we are operating at 80, 90% of our production capacity.”

Amil, who runs the auto parts business, says “the sad thing about this situation is that the demand is there” and the sector exports the majority of its production.

“This year we thought we were going to grow 20%, but now there’s a big question mark because of these restrictions,” he said. “It’s a crisis of supply, not demand.”

Martín Cabrales, vice president of the Cabrales coffee company, says he has never seen this level of restrictions on imports in the more than 20 years he has been involved in the family business which has long relied on l purchase of equipment abroad because Argentina is not a producing coffee.

“The most serious thing here is that they limit the raw material, coffee is a raw material,” he said. “We believe the government needs to prioritize raw materials so that manufacturing doesn’t stop.”

Cabrales says that with its restrictions, the government ignores global market dynamics because it provides quotas to access the official dollar market based on what a company imported last year in dollars. But the international price of coffee has more than doubled in the last year and a half.

Cabrales is optimistic that the problem “will be solved” eventually “but in the meantime there could be shortages”.

Amid worries about supplies, some are trying to see the positive side of the restrictions.

Sergio Asato, owner of Japanese restaurant Social Sushi Izkaya, said that with the prices of imported salmon, which is by far the most popular fish for sushi here, having nearly doubled recently, this is the perfect opportunity for Argentinians expand their palate.

“We try to help people know all the varieties we have in the Argentine sea,” Asato said. “It’s an opportunity, if there are no salmon, we can start working on advertising other species.”

Mohave Community College Hires Football Manager/Men’s Coach | The Miner Kingman Miner


BULLHEAD CITY – Mohave Community College has hired Northwestern Arizona’s first college football manager, who will also serve as the head coach of the MCC Bighorns men’s football team – Camilo Valencia.

As a student-athlete himself, Valencia captained the National Junior College Athletic Association Yavapai College national champion soccer team in 2007 and held the record for most games played and most matches started in the program’s history. He then transferred to the University of Nevada in Las Vegas and played for the Rebels from 2008 to 2010.

“We are thrilled to welcome Camilo and his family to Mohave County and to the MCC family,” said MCC President Dr. Stacy Klippenstein. “Camilo is among the best in the sport and I know he is the right person to help us build top men’s and women’s football teams that will make the whole region proud.”

Before becoming a coach, Valencia played professionally in the Colombian first division for Cortulua and Boyaca Chico and in Argentina for CSD Flandria. Additionally, he played for the Colombian U-20 national team in 2003. He joined the UNLV Rebels men’s coaching staff in 2016 and recently served as interim head coach.

While in Las Vegas, he helped guide the Rebels to a Western Athletic Conference Tournament title and the second round of the National Collegiate Athletic Association Division 1 Championship Tournament.

“I am extremely excited to become the first-ever director of football and head coach of men’s football at MCC,” Valencia said. “This is a unique opportunity to launch an athletic culture and tradition that will have a direct and positive impact on the college, county and tri-state area.”

He has a long list of awards and accomplishments, including helping dozens of student-athletes succeed on and off the court. In the past two years alone, 25 of Valencia’s student-athletes have earned academic accolades and been named to the All-WAC Academic Team.

“This is an exciting time for MCC and Northwest Arizona, and I believe we have attracted and hired an exceptional coach with not only experience, but also a passion for student development- athletes on and off the field,” said MCC Vice President Dr. Tramaine Rausaw. of Student and Community Engagement who also led the national search for the college’s first athletic coach. “Camilo has a mindset and vision that aligns perfectly with the strategic goals of the college and he has the drive, determination and mentality to make Bighorn football a state powerhouse and a national contender. “

Valencia is no stranger to Mohave County or hot weather, and having lived in Las Vegas for the past nine years, he appreciates the desert climate. During his recent visits to the Bullhead City campus, where the MCC football teams will be based, he said he felt very welcome by the college and the community.

“The support I felt from the administration and the community, combined with the challenge of building something from the ground up and running a sports department that an entire community will be proud of, convinced me that the MCC was the perfect place for me,” Valencia said. . “In addition, the soccer facilities are truly impressive and will contribute to our success in recruiting top student-athletes.”

Bighorn football teams will train and play at Anderson Auto Group Fieldhouse and Firebird Field in Bullhead City. They also plan to hold tournaments, clinics and other games in Kingman and Lake Havasu City.

Valencia was born in Washington DC and raised in Cali, Colombia. He attended Yavapai College from 2006 to 2008 where he earned an Associate of Commerce degree. He then attended UNLV from 2008 to 2011 where he earned a bachelor’s degree in business marketing. He also received his Masters in Exercise Science and Health Promotion from California University of Pennsylvania in 2016. He holds a “B” license from the United States Soccer Federation and national and advanced national diplomas from the National Soccer Coaches Association of America.

He, his wife and two young children can’t wait to call Mohave County home. His first day on the job at MCC will be August 1.

The college will soon be hiring a coach for the women’s soccer team and recruiting players will begin this year. The college plans to have teams ready to play competitively in the 2023 NJCAA fall season.

Develop the lithium supply base


Lithium is one of the most demanded commodities in the world today. It has become essential in the production of glass products, aluminum products and in battery technology. As the clean energy transition continues, demand for lithium-based technologies will increase, with the World Bank predicting a 965% increase in lithium production by 2050.

As a result, major manufacturers of electric vehicles and renewable technologies, as well as governments, are making concerted efforts to secure their lithium supply chains. However, despite the explosion in demand, the supply of lithium continues to be ensured by a very small number of countries which dominate the market.

In 2021, Australia was the world leader in lithium production, with an estimated production of 55,000 tons, Chile second with 26,000 tons and China third with 14,000 tons. Currently, 98% of lithium production takes place in Australia, Latin America and China.

This tight supply base has put increasing pressure on consumers to secure new supply chains. This has led to greater interest in potential suppliers who could fill the void. Lithium is not a rare material, with total global lithium resources recently revised to 78 million tonnes, offering growth potential in several new markets.

The regions that offer the most growth are Bolivia, which has proven reserves of 21 million tons, Argentina at 19.3 million tons, Congo (Kinshasa) at 3 million tons, Mali at 700,000 tonnes and Zimbabwe with 500,000 tonnes.

However, many barriers exist to scaling these areas, namely concerns about environmental, social and governmental (ESG) factors. Lithium mining, particularly in South America, has proven controversial in its impact on the environment and local communities. Additionally, Africa has seen many abuses by minors in local communities and environments.

As a result, many countries have been reluctant to pursue it in the face of public opposition, making it essential to use a clear framework to ensure the industry adheres to strict ESG guidelines.

The lithium triangle

The Bolivia-Argentina-Chile “lithium triangle” represents 63% of the planet’s lithium reserves. Chile is already at the heart of the metal supply, producing 26,000 tonnes in 2021, second only to Australia. However, Argentina and Bolivia remain underdeveloped, offering potential new supply chains.

In 2021, Argentina announced that it expects to receive a combined investment of $4.2 billion in its growing lithium market over the next five years, which would allow the country to double its lithium production. by 2023 and to increase to 175,000 tons in 2025.

Currently, Argentina’s lithium portfolio includes 23 projects in various stages of development, including from Ganfeng Lithium and Lithium Americas. In March, British-Australian miner Rio Tinto acquired the Rincon lithium project in Salta, which holds reserves of 2 million tonnes of contained lithium carbonate equivalent.

Bolivia has been much slower in its development but could be the biggest winner if it develops efficiently. Bolivia has 21 million tons of brine lithium reserves, according to the US Geological Survey.

However, these reservations proved to be a point of contention. In 2019, President Evo Morales announced that the German company ACI Systems would invest nearly $1.3 billion to exploit a large part of its lithium reserves. However, weeks after this announcement, a political crisis led Morales to flee the country.

Social volatility in South America

Community activism against the lithium trade is commonplace in South America. In January, Chileans took to the streets on Friday to protest the government’s plan to sell a lithium mining contract under the banner: “To recover our resource.”

In Bolivia in 2019, protesters launched an ongoing series of protests, demanding that the Bolivian government provide local communities with more benefits from a massive lithium project with private German company ACI Systems.

The protests demonstrate the potential for social volatility if factors such as mineral recovery percentage, environmental impact and community protection are not considered in industry planning and development, ensuring that it benefits the whole population, not just the political elite.

With more and more miners indicating an interest in investing in more challenging jurisdictions, the lithium industry must stay on top of ESG concerns to prevent mining from negatively impacting local communities and the country at large. wider.

Since Morales’ flight, Luis Arce, the new president, has taken a different approach. First, organize a public event with eight foreign companies selected and authorized to test the extraction policy. After that, a technical group, independent and composed of professionals in the field, two women and two indigenous men, should decide on the contracts.

The rationale for this decision, said Diego von Vacano, a professor at Texas A&M University, is to ensure that “Bolivia does not repeat the mistakes that were made; for example, the damage to the environment observed in Chile”.


Africa is another area with strong growth potential. Unlike South America, its lithium mining sector is relatively underdeveloped, with little engagement in the critical stages further along the supply chain, namely lithium ore processing, product refining lithium chemicals and battery component manufacturing.

However, there is great potential for regional cooperation across Africa to create a refining base and production of lithium chemicals for the global market. So far, several African countries have engaged in exploration, with Zimbabwe and Namibia reaching production. The central sticking point is the third stage of scaling up, the transformation stage where no facilities exist in Africa.

Definitive feasibility studies have been completed on projects in Zimbabwe, Namibia, DRC and Mali. However, in these cases, the proposed plan is to produce a lithium ore concentrate domestically and then ship that concentrate to a refinery elsewhere in the world.

Decision makers must first consider a range of factors before making decisions. First, energy security, since the processing of lithium ore is very energy intensive. Secure energy supplies are essential for industrial engagement in the lithium supply chain. Currently, many African countries have an energy demand that exceeds the available supply, which means that countries must first secure the required supply before they can begin the development of lithium mining and processing.

Second, environmental impacts. Life cycle assessments of the lithium industry have shown that the ore processing stage has a much greater environmental impact than the extraction and transportation of high-grade resources. States must therefore ensure that strong environmental safeguards are used to mitigate the impact of mineral processing.

Third, human rights and good governance. Good governance of mining and mineral processing is key to attracting companies to invest in a country and ensuring that mining has positive impacts for communities. This is particularly true in conflict-affected and high-risk African countries, where human rights concerns have weighed.

Finally, skills and human resources. A cadre of well trained and highly qualified local personnel will be essential to develop the lithium industry in any African country. This will allow the industry to become self-sufficient and not depend on the expertise of other nations to support its success.

Achieving this will be particularly difficult given the limited infrastructure present on the continent, the ongoing problems with stable energy supplies and the lack of strong protections for workers and communities in the vicinity of the mine.

Related companies

5 investors explain why Latin America is about to go through the crypto winter – TechCrunch


The web3 bandwagon really took off in 2021 and 2022 as entrepreneurs and investors alike sought to make their mark in the fledgling industry.

But Latin America stood out thanks to its relatively high crypto adoption: according to Kim Grauer, head of research at Chainalysis, Latin America has historically captured between 8% and 10% of global crypto activity. -change. Additionally, DeFi implementations have garnered a lot of interest given the region’s struggles with the way funding is traditionally handled.

If my savings were in crypto, I wouldn’t be sleeping really well these days. But again, I also wouldn’t if they were in Argentinian pesos.

Indeed, Argentina is a good example of a country where alternatives to fiat currency seem more attractive, as buying US dollars becomes increasingly complicated and expensive. When I spent a few months in Buenos Aires in 2014, you needed dollars all the time, and the best exchange rate you could get was around 10 Argentine pesos to a dollar.

But after the abrupt resignation of Argentina’s economy minister earlier this month, the informal “blue dollar” exchange rate hit a record high of 273 Argentine pesos to the dollar. During this time, there were also restrictions on buying US dollars in the first place.

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Multiple exchange rates also coexist in Argentina, some of which are artificially disadvantageous. Claire Diaz-Ortiz, Chair of the VC3 Startups Committee, pointed out how difficult it is to escape the traditional banking system: “If you are a programmer and you work for a foreign company that deposits your salary in the system local bank, your dollars will be forcibly converted into pesos at the official rate of 130 pesos to the dollar against a free market value of 270 pesos to the dollar”.

Such a situation, she said, makes it “not surprising that crypto is deeply rooted in local culture.”

Not all Latin American economies are as volatile or politicized as Argentina. But from high poverty rates to low financial inclusion, there are commonalities across the region that explain why trends like the momentary cryptocurrency gambling craze have been widely embraced.

These factors also give us an indication of where the crypto is going. “We believe crypto has a great opportunity to digitize cash,” said Patricio Jutard, co-founder and general partner of Newtopia VC. “That is, if the startups in this space manage to create solutions that are simple, accessible, robust, reliable and beautiful for the unbanked population.”

Local startups are already playing an important role in mining crypto for Latin American and global markets. Investors we interviewed felt that startups in the region will continue to do so with the tailwinds of global investments and partnerships.

All five investors we spoke with are active backers of Latin American startups in the crypto and DeFi space. Below, they share their thoughts on how the market is changing, the growing presence of women in Latin America’s web3 scene, and, as a crypto winter looks increasingly likely, how they’re positioning themselves for a rebound. .

We spoke with:

  1. Matias Nisenson, co-founder, Wonderland
  2. Christine Chang, Corporate and Business Development Manager, Tribal
  3. Patricio Jutard, Co-Founder and General Partner, Newtopia VC
  4. Claire Diaz-Ortiz, president of the startups committee, VC3
  5. Andy Areitio, General Partner, TheVentureCity

Matias Nisenson, co-founder, Wonderland

TC: Crypto is often touted as a remedy for those left behind by traditional banking. What steps are you taking to ensure that crypto will mitigate, not exacerbate, inequalities in financial access?

Nisenson: I think we are all working to make crypto an alternative to traditional banking. I also think it will take time. At Wonderland, we say DeFi Sucks, and that’s also our URL (https://defi.sucks). We, and many other players, are doing our best to fix it.

We think it sucks because of the UX. Even a wise person can make a mistake that costs them thousands (or even millions). A few years ago it also sucked because the infrastructure couldn’t handle a few thousand users at the same time, or because you couldn’t use it from mobile. Today, most of these problems are solved with L2s [layer 2 solutions] and better wallets – but UX still sucks.

I believe in DeFi, but it will take time. I believe CeFi [centralized finance, a mix of traditional finance (TradFi) and DeFi] is a good solution for now: it gets people on board with crypto and explains the basic concepts. That’s why I invested in Buenbit, one of the biggest stock exchanges in countries like Argentina and Peru. I would choose CeFi over banks anytime.

We’re still in the experimentation phase, we’re figuring out the technology, we’re figuring out how DAOs work (or don’t work) and a bunch of other stuff. I believe this movement is led by the Ethereum community – to put things into perspective, it is only seven years old.

Ethereum creator Vitalik Buterin noted that Argentina has one of the largest crypto communities in the world. As a consumer market, is Latin America currently served more by local or foreign companies?

It depends on the vertical. If we talk about DeFi, I’m sure the most used protocols are foreign (Aave, Uniswap, Compound, Sushi, etc.). If we talk about exchanges, then it’s mostly from us (Bitso, Ripio, Buenbit, etc.).

This is mainly due to regulations and compliance that major foreign exchanges have not done, as it takes time. It’s easier to acquire a local exchange with on and off ramps to fiat already set (the shopping spree has already started).

Do you expect that to change soon?

No. I think this ecosystem is global in nature. I believe in products that come out of nowhere (like my home country, Argentina) and reach users all over the world.

Even before crypto, Venezuelans were known to use gambling to make a living. As Axie Infinity continues to crumble, do you still see crypto gambling as a way to survive?

I think gaming is a great application for blockchains, especially because of the true ownership of assets – meaning you can play a game and then get bored and sell the assets you spent your money on and your time.

My last company, Experimental, was one of the first to launch a blockchain game on Ethereum, back in 2017. We spent a lot of time with the founders of Axie, OpenSea, and all the OGs in the crypto gaming space.

That said, I don’t see gambling as a magic bullet to feed an entire country. I think most cryptogaming economies don’t scale, especially when token issuance is not well designed and value is created out of thin air.

Have you noticed any surprising developments or interesting trends regarding crypto adoption in Latin America?

Well, this question is timely. Argentinian Minister of Economy resigned during the July 2 weekend when the markets were closed. Everyone started talking about how the national currency (the Argentinian peso or ARS) was going to “fall to zero”, and it happened: US$1 was equal to 238 ARS when the news came out, and 36 hours later it reached 280 ARS.

Thanks to crypto, I was able to short the peso over the weekend! I took a secured loan on Buenbit, left DAI (a stablecoin on the Ethereum blockchain) as collateral, and they gave me NuARS (which is a stablecoin pegged to ARS). I used these NuARS to buy more DAI, so when the ARS goes down, I can sell my DAI and profit from it.

Another really cool thing is that before crypto, people wouldn’t have been able to buy USD with their ARS over the weekend, but now they were able to do it before the value of the dollar skyrocketed.

Bergmann enters VNL finals with Brazil – Georgia Tech Yellow Jackets


THE APARTMENTS –Georgia Tech volleyball all-American Julia Bergman joined the Brazil national volleyball team for summer competition, currently competing in the FIVB Volleyball Nations League. The Yellow Jacket standout went on to make an international impact at the game’s highest level, starting with Brazil as one of the team’s top producers and one of only two active NCAA players to play. through the VNL encompassing 16 countries.

In the VNL, Bergmann currently leads Brazil and is eighth in the competition in serve received (106). The rising senior also ranks in the top five of her team in points (103), eliminations (89), blocks (nine), aces (five) and digs (56) throughout the competition.

In the third week of competition in Brazil, Bergmann once again built on his already striking international campaign with 40 total points, including 31 kills and six blocks, as well as three aces and 16 digs. At the start of the week, the American Tech player was ready to face powerful serves in sequence, as evidenced by her ranking among the top 10 successful receptions in the league.

“Whoever plays alongside Gabi will always be the target of the opponent’s serve,” Bergmann said. “I really like passes and practice passes and, as the serve is going to be directed towards me, I am preparing ahead of time. I try to do in games what I train every day.

Despite being one of the youngest members of the squad, the Tech American propelled Brazil to an unbeaten week with four wins over China (3-2), Korea (3-0) , Bulgaria (3-0) and Thailand (3-1). The dominating stretch resulted in a quarter-final berth in the final stage of the VNL competition as Brazil finished the qualifying phase as second in the league with 10 wins and 29 points.

“It was an important week, the last before the finals. China have played good games and have effective strikers,” added Bergmann. “Last week we focused a lot on the relationship between counter and defence. It’s a different style of play from European teams, but we studied and finalized the final adjustments.

Bergmann opened the week with three points (two kills and an ace), three service receptions and a dig as Brazil needed every contribution to secure a victory in five sets. The outside hitter followed with a monumental performance on a Korea sweep, leading Brazil in both phases with 16 points on 11 kills and five blocks.

“It was an important win that mathematically guarantees our place in the finals,” Bergmann said after the win. “We managed to get a good part of the team to play, and having this experience is very important for the group. We count on everyone’s support.

The famous Yellow Jacket helped Brazil in a sweep of Bulgaria to follow with four points in total, including three kills and a block, and a dig. To wrap up the week, Bergmann dominated every facet of a 3-1 victory over Thailand as she came away with a double double behind 15 eliminations and 11 recoveries, also adding a block and an ace to lead the way with 17 points in total. .

“There have been four wins in four games in this stage against three Asian teams and the hosts,” Bergmann remarked. “We faced different styles of play, but we managed to evolve in every game and at every stage. Now we’ll work out the final details for the final in Turkey.

Brazil will face Japan at 8 a.m. Wednesday in Ankara, Turkey, with an opportunity to advance to the semi-finals on Friday. Friday’s winners will battle for the championship title on Saturday at 11:30 a.m. while Friday’s losers will battle it out for third place at 8:00 a.m. The full VNL schedule, watch links, statistics and other relevant information are available. here.

Alongside Bergmann, rising sophomore outside hitter Bianca Bertolino and incoming graduate outside hitter Tali Marmen have both gained experience at the international level. Bertolino, an ACC All-Freshman Team winner in her first college season, trained and competed with the Argentina national team while Marmen prepares for the 2022 Maccabiah Games with the Israel national team.


Alexandre-Tharpe Fund

The Alexander-Tharpe Fund is the fundraising arm of Georgia Tech Athletics, providing scholarships, operations, and facilities support for over 400 Georgia Tech student-athletes. Help develop Georgia Tech’s Daily Champions and help the Yellow Jackets compete for championships at the highest level of college athletics by supporting the Annual Athletic Scholarship Fund, which provides scholarships directly to Georgia Tech student-athletes. To learn more about supporting the Yellow Vests, visit atfund.org.

For the latest information on the Georgia Tech Yellow Jackets, follow us on Instagram (@GTVolleyball), Twitter (@GTVolleyball), Facebook (Georgia Tech Volleyball) or visit us at www.ramblinwreck.com.

Argentina’s trade balance with Brazil in the red for the 6th consecutive month — MercoPress


Argentina’s trade balance with Brazil in the red for the 6th consecutive month

Tuesday July 12, 2022 – 18:59 UTC

In 2018, Argentina totaled 11 consecutive months of negative trade balance with Brazil

According to the Argentine Chamber of Commerce (CAC) document released earlier this week.

The CAC report also showed a 9.2% increase over the past month after an 8.5% increase in imports and 9.9% in Argentine exports.

Argentinian sales to Brazil increased in June 2022 by 38.2% compared to June 2021, totaling US$1,345 million and continuing the positive trend of the previous months, while imports amounted to US$1,593 million US and posted a 55.1% year-on-year increase.

Thus, Argentina’s trade balance posted a deficit for the sixth consecutive month, reaching US$248 million. The last time Argentina produced six months of successive negative monthly trade balances was in 2018, when it reached eleven consecutive months under then-President Mauricio Macri.

Trade between the two countries has accumulated in the first six months of 2022 a negative balance for Argentina of 1,344 million US dollars since exports increased by 17.6% in 2022 compared to the first six months of 2021, while imports from Brazil increased by 33.3% over the same period. .

The year-on-year increase in Argentina’s exports to Brazil recorded in June (38.2%) came mainly from passenger vehicles, wheat and unmilled rye, motor vehicles for transport of goods and special uses, parts and accessories of motor vehicles and piston engines and their parts, while the year-on-year increase in Argentine imports (55.1%) was explained mainly by petroleum fuels and bituminous minerals, passenger motor vehicles, iron ores and their concentrates, and motor vehicle parts and accessories.

Last week, Argentina’s Chamber of Commerce requested a meeting with new Economy Minister Silvina Batakis after anticipating “negative expectations”.

CAC President Natalio Mario Grinman insisted that “fighting within government” generates damage in the sector, causing “negative expectations” and “uncertainty”.

“The economy works with expectations, for it to work there must be good expectations,” Grinman said in a radio interview. “Here in Argentina we have had negative expectations for a long time, uncertainty, lack of trust, major fights in government, everything is hurting the country,” he added. “Uncertainty is worse than bad.
Uncertainty generates these problems. When suppliers send a note indicating that they are suspending the delivery of the goods, a complex movement occurs,” he explained. In addition to the “lack of dollars in the country”, the conditions for a “perfect storm” are met. “When imports are closed,…” and hard currency is not available, expecting foreign suppliers to fund Argentina’s spending for 6 months “is a pipe dream,” Grinman said.

Buenos Aires Weather | Mecca: the heart of the Muslim world


As a Muslim by birth, the image of a cubic structure covered with a black cloth has accompanied me since my childhood. I did not know its name or its meaning, but I often saw it on the covers of books, on prayer mats, on the walls of mosques and, above all, the sequence on television where thousands and thousands of people, all dressed in the same white clothes, surrounded him. Over time, I advanced in my religious knowledge and discovered that this place is called “Kaaba” and it is located in Mecca (Saudi Arabia).

In Islam, the pilgrimage to the Kaaba, called “Hajj”, is a unique event in its importance and international relevance. The pilgrimage takes place every year during the last month of the Islamic calendar, which is defined by the lunar calculation. For this reason, the dates according to the Gregorian calendar have an annual rotation of about 10 days and in 2022 the pilgrimage will take place from July 7 to 13. During this period, in pre-pandemic times, more than two million people used to visit the Kaaba. This year, the Saudi government allowed one million Muslims from around the world for the pilgrimage, which is a huge number compared to the previous year when only 60,000 people, exclusively residents of the country, were allowed to perform the pilgrimages. Hajj rituals.

Hajj is one of the five pillars of Islam and is a mandatory commandment that every Muslim, male or female, must perform at least once in their lifetime. However, this is a conditional command and only applies to those with sufficient financial resources, health to undertake the journey, and those who are safe to travel. Therefore, in times of pandemic, it was not obligatory for all believers. Even some branches of Muslims are still unable to perform Hajj for their own safety and are persecuted in Saudi Arabia, such as Muslims from the Ahmadiyya community.

However, unanimously for all Muslims, the Kaaba is the holiest place and was the first house dedicated to the worship of the One God. Mecca plays a vital role in the daily life of a Muslim and with every prayer one turns to it, which converts it into a constant orientation and a place of unity for the entire Islamic world. Nevertheless, the rituals of the pilgrimage are dedicated to the sacrifices of the prophet Abraham, his wife Agar and their son Ishmael, in order to preserve the Kaaba as a symbol of the unity of God. Devotees who cannot make it to Mecca symbolically join in the celebration of the pilgrimage, called “Eidul Adha” (the celebration of sacrifice), and remember spiritually with their local community the sacrifices of the Prophet Abraham and his family.

In conclusion, for Muslims, the pilgrimage is a symbolic expression of their devotion to the Supreme Being. In turn, Mecca fulfills the function of being a place of union for all humanity, just as the prophet Abraham is considered the trunk and father of the three monotheistic religions: Judaism, Christianity and Islam. . Therefore, this year we will celebrate with Jewish and Christian representatives the pilgrimage to Mecca through an interreligious prayer for peace and performing an act of charity for the needy in our society.

* Imam Marwan Gill is an Islamic theologian and president of the Ahmadiyya Muslim Community in Argentina.

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by Imam Marwan Gill*

Argentinian authorities ready to launch a package of economic measures — MercoPress


Argentinian authorities ready to launch a package of economic measures

Monday July 11, 2022 – 10:17 UTC

“Growth needs foreign currency, which today is scarce,” admitted President Fernández

Argentine President Alberto Fernández and new Economy Minister Silvina Batakis reviewed over the weekend a series of measures that will be launched soon with the aim of curbing inflation and strengthening Treasury coffers.

Presidential spokeswoman Gabriela Cerruti said the meeting lasted until 8 p.m. Sunday at the presidential residence in Olivos and that the head of state “agreed with everything she presented and made some suggestions which were incorporated by the minister, who will finish working on it today”. with the economic cabinet.

The measures are being worked out ahead of the July 14 announcement by the National Institute of Statistics and Census (INDEC) of the official inflation index for the month of June, which some predict around 5% .

Cerruti also said Batakis will elaborate on the content of the new measures at a press conference on Monday.

During Independence Day celebrations in Tucumán on Saturday, Fernández had already announced that measures to “gradually reduce the budget deficit” were coming. “I have spoken with Silvina and we have agreed to meet tomorrow (today, Sunday) and we will see what steps we will take first to resolve this issue which is of great concern to us.”

He also pointed out that “there are two problems in the world that have skyrocketed, energy and food”, which he said “is a huge problem” and “with Silvina, we We are working on it; for me, it is about being able to lower inflation in a scenario that is not favorable to us because the world is not favorable to Argentina in this context.

Alberto Fernández also called for Argentines to unite against “powerful people” who seek to generate “discouragement” and promote “devaluation” while spreading “fake” news.

“History teaches us that unity must be maintained in the most difficult times. With a divided people, a few scoundrels win,” Fernández pointed out.

“Growth needs foreign currencies, which are scarce today and make it more difficult to accumulate reserves,” he also admitted. Batakis’ measures should solve this problem.

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Argentinian anti-government protests grow as president calls for unity


BUENOS AIRES, July 9 (Reuters) – Argentinian President Alberto Fernandez called for unity on Saturday as protesters marched through the capital to the gates of the presidential palace, lambasting his government for runaway inflation and crushing public debt .

The centre-left president faces a growing challenge from a militant left in the ruling coalition that wants more public spending to alleviate high levels of poverty and inflation. Two key moderate allies left his cabinet last month.

The South American country, a major producer of soybeans and corn, is grappling with over 60% inflation, huge pressure on the peso and soaring gas import costs that are draining already hard currency reserves. weak.

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In a speech on the anniversary of Argentina’s declaration of independence, Fernandez called for “unity” and asked the different factions to work for it.

“History teaches us that this is a value that we must preserve in the most difficult times,” he said, adding that the country needed economic responsibility with low foreign exchange reserves and soaring global inflation “severely damaging” the local economy.

“We must walk the path of balanced budgets and stabilize the currency.”

Argentina, which has weathered economic crises for decades, reached a $44 billion debt deal with the International Monetary Fund earlier this year to replace a failed program from 2018. Many blame the IMF for economic policies more stringent.

In the streets of Buenos Aires, thousands of demonstrators marched on Saturday afternoon with banners saying “escape from the IMF” and “Out, Fund, out”. The protesters criticized the government and called for not repaying the debt.

Parts of the government, including powerful Vice President Cristina Fernandez de Kirchner, have called for more spending to mitigate the impact of COVID-19 and the war in Ukraine, which have sparked protests in countries around the world like Sri Lanka.

“There is a monumental crisis in our country,” said Juan Carlos Giordano, a socialist lawmaker who joined the march.

“Argentina is a capitalist semi-colony in the chains of the IMF. Today we are here to say that we need a second independence. Argentina must sever its ties with the IMF which is the empire 21st century Spanish.

Fernandez’s government was thrown into turmoil a week ago with the abrupt resignation of moderate economy minister Martin Guzman, a close ally of the president who had led talks with the IMF. He was replaced by economist Silvina Batakis.

Batakis, seen as closer to the left wing of the ruling coalition than Guzman, spoke to the IMF on Friday and pledged economic stability despite concerns over a populist policy shift that has lowered bonds and shook the peso.

“The resignation of the Minister of Economy has shown that there is an economic and financial collapse that affects the lives of workers, of the whole population,” said Marcelo Ramal, a member of the Workers’ Party.

“We have to consider that this year we will have inflation of around 80-90% with wages not increasing as fast.”

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Reporting by Lucila Sigal; Additional reporting by Claudia Martini, Horacio Soria and Miguel Lo Bianco; Written by Adam Jourdan; Editing by Sandra Maler

Our standards: The Thomson Reuters Trust Principles.

Pavon targets Argentina return after joining Atletico Mineiro


Striker Cristian Pavon has expressed hope that his move to Brazilian giants Atletico Mineiro will pave the way for his return to the Argentina national team.

Pavon made the comments as he faced the Brazilian media for the first time since joining reigning Serie A champions Brazil on a free transfer from Boca Juniors.

“I will try to do my best here at Atletico and show in every game what I am capable of,” the 26-year-old told reporters.

“If the national team comes to call, it will be great. I always dream [of representing the Albiceleste] and I think coming to Atletico could be a step in the right direction to get back into the international fold.

Pavon hasn’t played since January, having been kicked out of Boca’s first team since he made clear his desire to leave La Bombonera, Xinhua reports.

Even so, the former Los Angeles Galaxy striker is confident he can get back to his best form quickly.

“I haven’t played for six months but I haven’t stopped training,” he said. “Physically, I feel very good. I can’t wait to play and hope to be back on the pitch as soon as possible.

Pavon will not be eligible to play for Atletico until the Brazilian transfer window reopens on July 18. He is set to make his first appearance for the Belo Horizonte side in an away game against Cuiaba on July 21.

Exclusive: IMF executive board met on Argentina for the first time since Batakis was named economy minister


Silvina Batakis attends her swearing-in ceremony as Argentina’s new economy minister at the Casa Rosada presidential palace, in Buenos Aires, Argentina July 4, 2022. REUTERS/Agustin Marcarian/File Photo

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LONDON, July 8 (Reuters) – The International Monetary Fund’s board met on Friday to discuss Argentina’s $44 billion program for the first time since Silvina Batakis was appointed economy minister. , said two people with direct knowledge of the meeting.

The IMF later confirmed that the meeting had taken place and gave no further details.

In an informal meeting, fund staff said Batakis, who was sworn in on Monday, was selecting his team and once ready, initial contacts between IMF technical officials and new Argentine officials will be established.

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Staff also informed the Board that they were monitoring market conditions closely as some of Argentina’s dollar bonds were now trading in very distressed territory at less than 20 cents on the dollar, one said. some people.

Both asked not to be named as the interviews are confidential.

“IMF staff holds regular briefings with Executive Board members on policy and country issues,” an IMF spokesperson said by email.

“In this context, IMF staff today briefed the Executive Board on recent economic developments in Argentina.”

Argentina’s economy ministry did not respond to a request for comment.

The purpose of the meeting was to brief the board on the situation in Argentina, the fund’s biggest debtor, the sources said.

The meeting was attended by Ilan Goldfajn and Julie Kozack, Chief and Deputy Director of the IMF’s Western Hemisphere Department, as well as Luis Cubeddu, IMF Mission Chief in the country.

Sergio Chodos, who will continue to be Argentina’s representative to the IMF, was also present.

Former Economy Minister Martin Guzman, the architect of the South American country’s deal with the IMF, resigned abruptly on Saturday as tensions within the governing coalition boiled over how to handle the economic crisis . Read more

His departure raised concerns about a move towards populist policies and state spending in the country where inflation exceeds 60%.

Overseas bond prices fell amid fears the new government would seek to change the terms of the IMF deal.

The board on June 24 completed the first review of the Expanded Financing Facility (EFF) program and released $4 billion after the fund said Argentina had met all quantitative targets by end-March 2022. and had made progress in implementing structural commitments under the program.

Separately, on Friday, the Argentine government said it had made scheduled payments to the Fund for about $1.3 billion.

Earlier this week, Batakis told IMF officials she supports the fund’s program goals and will work constructively with the global lender.

IMF chief Kristalina Georgieva said Wednesday she had a “very good call” with Batakis about continuing the program. Read more

After a restructuring of private debt and an agreement with the IMF, Argentina still has to work on some 2 billion dollars that it owes to the Paris Club of creditor countries. Talks were originally scheduled to continue this week, but the meeting in the French capital was postponed after Guzman resigned.

A Paris Club source said on Thursday that the new economy minister must pledge her commitment to an IMF program for the club to open talks. Read more

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Reporting by Jorgelina do Rosario; written by Rodrigo Campos; Editing by Tomasz Janowski and David Gregorio

Our standards: The Thomson Reuters Trust Principles.

Americas Market Intelligence Releases 2022 Latin America


MIAMI, July 07 28, 2022 (GLOBE NEWSWIRE) — Americas Market Intelligence (AMI) has released a new report that robustly analyzes and quantifies surface risk for mining projects in Latin America, including those in Peru, Chile, Ecuador, Brazil, Mexico, Argentina, Colombia and Bolivia: a total of 16 key mining jurisdictions in Latin America and the Caribbean are covered. The Latin America Mining Risk Index 2022 rates risk in seven key areas:

“Financial investors, project finance lenders and miners are well aware of the risks associated with mining in Latin America, but until now they lacked the tools to quantify country risk from a point of view. mining view when evaluating new projects”, explains Alejandro Álvarez, co-director of AMI’s Mining Practice. “We created the index to quantify risk, but more importantly, to identify particular risk issues that their due diligence and risk mitigation efforts should focus on in a given country,” says Álvarez.

Available for Free download on the AMI website, the Latin America Mining Risk Index 2022 was created via a proprietary method by AMI’s practice mining team, using over 70 different measurements. “After studied the Latin American mining sector for 20 years, across a dozen jurisdictions, we have realized that mining investors and lenders often lack detailed advice on surface risk across jurisdictions,” observes John Price, AMI’s Co-Head of Mining Practice. “The real value of the report is how it identifies the most pressing risk issues in each country. These are the risks that pre-investment due diligence should address, as well as the surface risks specific to a given mine site. It is by doing due diligence on local mining investment risk that lenders, investors and miners turn to AMI for help,” says Price.

About Americas Market Intelligence
Americas Market Intelligence (AMI) is the premier market intelligence and risk advisory firm for Latin America, providing robust and timely information to mining companies and mining investors. Whether performing timely due diligence before a mining investment or helping a mining operator navigate a complex web of mining risks and powerful opponents to the project, our experienced risk consultants (400 distributed in 30 jurisdictions) are here to help.

Press Contact: Abel Delgado, Digital Marketing Director, [email protected]

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Image 1: Latin America Mining Risk Index 2022

Report quantifying surface mining risk in Peru, Chile, Ecuador, Brazil, Mexico, Argentina, Colombia and Bolivia: 16 jurisdictions in total. Presents a risk score for each country in seven surface risk areas.

This content was posted through the press release distribution service on Newswire.com.

  • Latin America Mining Risk Index 2022

Major milestone for OLA | The East Hampton Star

Minerva Perez, seen here at Organization Latino-Americana’s Pachanga in June, is the group’s executive director.

With a broad base of community support that its leaders say has allowed it to grow into a strong grassroots nonprofit, the Organizacion Latino-Americana de Eastern Long Island is celebrating its 20th anniversary this year.

It grew out of the Hispanic Advisory Council of East Hampton Town, whose members found themselves in a difficult position. They were appointed by the city council as a liaison between the city and its burgeoning Hispanic and Latino community, but there was not much understanding between that community and the city’s non-Hispanic and non-Latino residents.

“We were the ‘middle person’. It was volatile,” recalls Isabel Sepulveda de Scanlon, an advisory board member who was one of the founders of OLA and served as its president for 14 years.

Eventually, several members resigned from that board “to create an independent organization to represent the interests and meet the needs of the Latino/Hispanic community,” she said. They were later “joined by members of the fledgling community who shared a desire to found something of their own”.

The group reflected the diversity of distinct Hispanic and Latin American cultures – Chileans, Argentines, Ecuadorians, Colombians and Puerto Ricans, to name a few – although others outside of these cultures, have not understood this diversity. And the journey hasn’t always been easy; there was still some discord between members who believed that only Spanish should be spoken at events and meetings and those who were pushing for the opposite.

It soon became apparent, Ms. de Scanlon said, that the group “had to build a bridge. . . We knew something had to be done. The Latino community was growing so fast.

“We had the first meeting in October 2002, and we invited the whole community.” She remembers putting up flyers from Hampton Bays to Montauk. “We had a very good turnout. It was very mixed — both communities were there. It was really, really nice. It was so long ago – there was no Facebook, Instagram or Twitter, so it was real outreach and real networking.

Enter Minerva Perez. She joined as a volunteer in 2006, but it was in 2016 that she was hired as OLA’s first executive director in a paid position and quickly established a reputation as a dynamic leader who did not fear of taking on new challenges.

“There is a way for everyone in the East End to feel like this place is safe, fair and as healthy as possible,” Ms Perez said in an interview. “People want this to happen. They are committed to the mission. Agreements developed there. . . . It has helped other institutions see that we are truly committed to the wider community. We focus on Latinos, but none of this will work unless everyone is doing well.

OLA has evolved into a group that serves both members of the Latino and non-Latino community. It continues to organize a film festival which started 18 years ago and organizes concerts and events like the Pachanga. But now it’s also about providing education and resources

– in Spanish and English – including mental health support, access to healthy food through a food pantry and grocery deliveries; links with legal experts in immigration, housing and employment; transportation to doctor’s appointments; liaise with law enforcement; sex education for teens, and more.

During the height of the pandemic, OLA was instrumental in educating Spanish speakers about the virus, and when vaccines were scarce, it hosted one of the first clinics in East Hampton. After receiving a donation of 2,000 Chromebooks, OLA put them in the hands of children who needed them for homeschooling.

A fundraiser for OLA at Sag Harbor Church is scheduled for July 28. Its website is olaofeasternlongisland.org.

It’s fair to say that OLA has made a difference in many lives. Springs’ Juan Chavez knows firsthand: The organization put him in touch with a lawyer who is helping him recover overtime wages his former employer illegally withheld. He also received the Covid vaccine at his clinic.

Mr. Chavez heard about the OLA through a neighbor who happened to be an OLA employee. “They do a very good job with people – not just Spaniards, but most people,” he said. “I am very grateful to OLA.”

It currently has an office in East Hampton Village, but Ms de Scanlon said she would like someone to donate land or a building for an OLA community center. There could be meetings, performances, English lessons for Spanish speakers. and Spanish lessons for English speakers.

“I know OLA is strong right now,” she said, “but we need to make sure OLA is strong for the next 10 to 15 years, and more.”

IMF’s Georgieva had a “really good call” with the head of Argentina’s new economy -tweet


(Recast with Argentina details, adds IMF Managing Director comments, market details, context)

WASHINGTON, July 6 (Reuters) – IMF Managing Director Kristalina Georgieva said on Wednesday she discussed the implementation of a $44 billion International Monetary Fund program with the head of Argentina’s new economy Silvina Batakis.

“Very good call with the minister (Batakis) today to discuss the implementation of the Argentine program,” Georgieva wrote on Twitter. “We look forward to continuing our constructive engagement to promote economic stability and inclusive growth in (Argentina) in a very challenging global environment.”

Batakis, sworn in Monday night, had already spoken with the head of the IMF’s Western Hemisphere department and pledged support for the goals of the IMF program, which her predecessor Martin Guzman negotiated to replace a failed 2018 loan.

Guzman’s abrupt departure on Saturday raised concerns about a shift towards populist policies and public spending in Argentina, which is struggling with skyrocketing inflation, while raising fears that the new government may seek to alter the terms of the deal. agreement with the IMF.

“The world is changing very, very rapidly, but she is committed to the goals of the program and she is committed to working with the fund constructively to achieve those goals,” Georgieva told Reuters earlier on Wednesday.

She said Argentina was going through a “very complex and very difficult period” and that the IMF would do everything possible to help the Argentine authorities deal with the surge in inflation.

“The minister…understands the purpose of fiscal discipline and also understands that if you want to help the poor, it cannot be under conditions of runaway inflation,” Georgieva said.

When asked if Batakis would push for changes to the IMF program approved by the Fund’s board in late March, Georgieva said that Guzman sometimes had different views from those of the IMF and said he was important to reach consensus by exploring different options.

Argentina’s dollar bonds hit record prices on Wednesday, partly on an uncertain economic policy outlook and also under pressure from fears of global inflation and recession.

(Reporting by Andrea Shalal in Washington, additional reporting by Rodigo Campos in New York Editing by Leslie Adler and Matthew Lewis)

EMERGING MARKETS – Latam Joins Emerging Markets Selloff Amid Growth Concerns; Argentinian assets are recovering

(Price Updates) By Susan Mathew, July 5 (Reuters) – Emerging market currencies took a beating on Tuesday as the dollar reigned supreme amid growing recession fears, while Argentinian assets rallied after that the new Minister of the Economy has promised budgetary responsibility and stability. Argentina’s Silvina Batakis quickly calmed markets on fears that the abrupt exit of her predecessor, Martin Guzman, could trigger a shift towards populist policies and public spending. The black market exchange rate, seen as a reflection of real investor sentiment in the currency, rose more than 1% to 257 to the dollar, after slipping to around 280 to record lows on Monday. “Batakis is somewhat of an unknown to the investment community; however, her alignment with Kirchner gives us concern that she could increase fiscal spending and ignore the IMF program,” said Brendan McKenna, international economist at Wells Fargo Securities. He was referring to far-left Vice President Cristina Fernandez de Kirchner, a divisive but powerful figure who served as president for two terms from 2007 to 2015 and has a large base of support. “Any deviation from achieving a balanced budget and other elements of reform could mount pressure on the peso to the point that a devaluation of 10% to 15% is needed to avert another large-scale crisis. magnitude.” The official peso fell another 0.2% on Tuesday. Latam’s shift to the left could lead to lower M&A activity and an increase in equity trading through the end of the year, regional bankers have said, as Brazil navigates its presidential elections in October, where leftist former president Luiz Inacio Lula da Silva is leading in opinion polls. Meanwhile, broader risk sentiment took a hit after gas prices in Europe rose on supply concerns amid strikes at a Norwegian oil and gas infrastructure, heightening inflation fears. spiraling and slowing economic growth. The MSCI Emerging Markets Currency Index hit a 20-month low as copper prices tumbled as Brent’s 9% plunge sent the currencies of Chile and Colombia to new lows. The Chilean peso fell 2.3% to $950.52, while the Colombian currency touched 4,275.50. As safe-haven demand pushed the dollar index up more than 1%, the Mexican peso fell 1.5%, while the Brazilian real fell 1.4% to its lowest level in five month. A weaker-than-expected rise in Brazilian industrial production in May added to the gloom. “Slowdown fears are now arguably the biggest driver of currencies globally, perhaps even more so than central bank interest rate expectations,” said Matthew Ryan, head of market strategy at the financial services company Ebury. Shares in Latam also fell, with Mexico’s CPI slipping 1.5%, while Colombia’s COLCAP index fell 2.4% to more than seven-month lows. Latin American Stock Indices and Currencies at 7:05 p.m. GMT: Stock Indices Last Daily % Change MSCI Emerging Markets 989.82 -0.3 MSCI LatAm 1980.23 -2.75 Brazil Bovespa 97744.11 -0.88 Mexico CPI 47,329.30 -1.47 Chile IPSA 4,989.51 0.01 Argentina MerVal 91,594.24 Colombia 2.76 2.76 Currencies Last daily change in % Brazilian real 5.3975 -1.37 Mexican peso 20.5738 -1 .53 Chilean peso 950.6 -2.52 Colombian peso 4270.6 -1.76 Peruvian sol 3.8502 -0.91 Argentine peso 126.1800 -0.17 (interbank) (Reporting by Susan Mathew in Bengaluru; edited by Alistair Bell and Grant McCool)

Portofino Resources: Executes the collaboration agreement. Arizaro Lithium Project – Salta, Argentina


July 5, 2022

Portofino executes the collaboration agreement. Arizaro Lithium Project – Salta, Argentina

Vancouver, BC, July 5, 2022. PORTOFINO RESOURCES INC. (TSX-V: POR) (OTCQB: PFFOF) (FSE: POTA) (“Portofino” or the “Company”) is pleased to announce the signing of a definitive collaboration agreement with Recursos Energeticos y Mineros De Salta SA (“REMSA”), the public mining company of the province of Salta, in Argentina.

The agreement offers Portofino the opportunity to acquire a majority stake in an 8,445-hectare concession within the Arizaro lithium salt flat, located in the heart of Argentina’s world-renowned lithium triangle and close to several lithium projects. world class.

The Company’s Argentine geological team has completed initial reconnaissance mapping and sampling. A targeted systematic program of trenching, sampling and shallow auger drilling is expected to begin shortly.

Consistent with the previous disclosure, a number of other mining properties, targeted for lithium brine potential, have been identified by Portofino and REMSA and the Company will continue to negotiate with REMSA to execute additional near-term collaboration agreements. The prospecting and initial exploration campaigns will be carried out by REMSA with technical support from Portofino.

David Tafel, CEO of Portofino, commented: This unique agreement provides Portofino with a significant opportunity to position itself in the largest lithium brine salar in Salta, located in one of the best lithium exploration and development jurisdictions in the world. We are very pleased to be able to execute this initial collaboration agreement and plan to work closely with REMSA to finalize additional agreements regarding specifically identified lithium-bearing salar properties. »

Mr. Alberto Castillo, CEO of REMSA commented:“The Portofino team has demonstrated a high level of professional and technical capability and REMSA looks forward to advancing this relationship. The Province of Salta has established consistent, transparent and accountable mining policies that lead to substantial and sustained foreign investment that provide immense local economic benefits, while prioritizing the protection of our environment.”

Subject to the results of surface sampling and geophysical exploration activity, Portofino, together with its Argentinian partner RONIALEM SRL, may propose an initiative to form a joint venture with REMSA. The proposal would be subject to certain terms of payment.

The Arizaro lithium salt flat

The Salar de Arizaro is located in the west of the province of Salta at a surface elevation of 3,460 meters (“m”). The salar covers an area of ​​approximately 1,600 square kilometers, which would make it one of the largest salars in the world and the second largest in Argentina. The Transandean Salta-Antofagasta Railway and the well-connected road, Provincial Route 27, cross the middle of the salar.

The salar occupies an irregular northeast-southwest basin that is about 80 kilometers (“km”) long and up to 30 km wide. The basin is believed to be fault bounded and filled mostly with semi-consolidated sands and cobbles.

Brines occur in the basin and would be zoned with lithium- and potassium-rich brines historically sampled at depths below the surface and reaching several hundred meters. Several international companies are conducting sampling and drilling projects on the Salar de Arizaro with drill holes planned at depths of up to 500m.


REMSA is a company created in 1985, which oversees the administration of energy and mineral resources in the province of Salta. It contributes to the productive and social development of the province by managing and promoting the exploration and development of projects in the mining and energy sectors.

Qualified person

The technical content of this press release has been reviewed and approved by Mike Kilbourne, P.Geo., who is a Qualified Person as defined by National Instrument 43-101, Disclosure Standards for Mining Projects. The qualified person has not performed sufficient work to verify historical information about properties in the Province of Salta, Argentina, particularly with respect to historical exploration, neighboring businesses and government geological work.

About Portofino Resources Inc.

Portofino is a Vancouver-based Canadian company focused on the exploration and development of mineral resource projects in the Americas. Portofino has the option to acquire a majority stake in several lithium projects in Salta, Argentina, and controls 100% of the Yergo Lithium property which encompasses the Salar d’Aparejos in Catamarca. The properties are located in the heart of Argentina’s world-renowned lithium triangle and close to several world-class lithium projects. The Company also has the right to acquire a 100% interest in three lithium projects in northwestern Ontario, Canada: Allison Lake North, Greenheart Lake and McNamara Lake.

Portofino’s South of Otter and Bruce Lake projects are located in the historic Red Lake gold mining district of Ontario, Canada, adjacent to the Dixie gold project discovered by Great Bear Resources and now owned by Kinross Gold Corp. In addition, Portofino owns three other Northwestern Ontario gold projects; the Gold Creek property located immediately south of the historic Shebandowan mine, as well as the Sapawe West and Melema West properties located in the rapidly developing Atikokan gold mining camp.


“David G.Tafel”

Chief executive officer

For more information, contact:

David Tafel CEO,
Director 604-683-1991

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release may contain forward-looking statements regarding the future operations of Portofino Resources Inc. (the “Company”). All forward-looking statements regarding the Company’s future plans and operations, including management’s assessment of the Company’s project expectations or beliefs, may be subject to certain assumptions, risks and uncertainties beyond the Company’s control. . Investors are cautioned that such statements are not guarantees of future performance and that actual performance, exploration results and financial results may differ materially from any estimate or projection.

Lionel Messi is no longer Argentina’s most valuable player



For many years, no Argentinian player was worth more than Lionel Messi. That’s no longer the case as another star in Lionel Scaloni’s squad has a higher market value than the PSG superstar, according to Transfermarkt.

Lionel Messi is no longer the most valuable player in the Argentina national team.
© Juan Manuel Serrano Arce/Getty ImagesLionel Messi is no longer the most valuable player in the Argentina national team.

Lionel Messisenior international debut with Argentina at 18 may not have gone to plan as he only saw the red card 45 seconds after coming off the bench. However, he it didn’t take him long to live up to expectations.

As the Rosario-born winger began to establish himself in the starting XI of Barcelonahe also became an untouchable player in The Albiceleste. Eventually, Messi was handed the iconic No.10 shirt – both at Barca and in the national team, just like Diego Maradona.

Although he played with other superstars, no other Argentine player came close to what Messi stood for in the modern era. Widely regarded as the best player in the world for many years, it was no surprise to see that his market value was higher than everyone else’s. But things may have changed now that he’s 35, although he continues to be the best in his country.

Lionel Messi is no longer the Argentinian player with the highest market value

As a player ages, their market value likely decreases. Messi was no exception to this rule, and his poor first season with Paris Saint Germain may not have helped either.

According transfer market, Messi is no longer the most valuable player in the Argentine national team. At present, this is Inter Milan striker Lautaro Martinez which has the highest market value in Lionel Scalonithe team.

It makes sense from a financial point of view, Lautaro is ten years younger than Leo – Martinez will turn 25 in August. However, that doesn’t mean it’s better. If you ask who is the best player in Argentina, most will agree that it continues to be Lion, regardless of its market value.

Top 10 Most Valuable Argentina National Team Players

Although no longer at the top of the list, Messi is still more valuable than most of his teammates even at 35. These are the 10 most valuable players in Argentina according to transfer market:

  1. Lautaro Martinez (ST, 24, Inter Milan) – $82.50 million
  2. Lionel Messi (RW, 35, PSG) – $55m
  3. Christian Romero (CB, 24, Tottenham) – $52.80 million
  4. Rodrigue de Paul (CM, 28, Atlético Madrid) – $44 million
  5. Paulo Dybala (CAM, 28, free agent) – $38.50 million
  6. Lisandro Martinez (CB, 24, Ajax) – $35.20m
  7. Emiliano Martinez (GK, 29, Aston Villa) – $30.80 million
  8. Guido Rodriguez (CDM, 28, Real Betis) – $27.50m
  9. John Foyth (CB, 24, Villarreal) – $27.50m
  10. Nicholas González (LW, 24, Fiorentina) – $27.50 million

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EMERGING MARKETS – Turkish lira slips as inflation rises, Argentina in focus after Guzman exit


(Corrects paragraph 5 to add deleted word ‘Asset’ in company name)

* TRY weakens after inflation data

* Chinese stocks outperform

* Argentine Economy Minister Guzman resigns

July 4 (Reuters) – Emerging market stocks hit their lowest level in nearly two months on Monday as soaring Turkish inflation, political unrest in Argentina and growing fears of recession hurt currencies already under the pressure of a strong dollar.

The MSCI EM equity index fell to its lowest since May 12 before recovering some losses. Shanghai stocks outperformed on news of China and Hong Kong launching a new “Swap Connect” program, allowing mutual access to interest rate swap swaps to promote financial derivatives markets.

Stocks in Poland, the Czech Republic, Taiwan and South Korea fell between 0.2% and 0.8% in a trading session hit by a U.S. holiday.

Among currencies, the Turkish lira weakened to trade at 16.82 to the dollar after data showed the country’s annual inflation rate hit a higher-than-expected 78.62 percent. in June, as a result of the war in Ukraine, soaring commodity prices and a fall in the lira.

“It is very difficult to see the light at the end of the tunnel for the Turkish lira,” said Witold Bahrke, senior macro strategist at Nordea Asset Management.

“In an environment where the tide of global liquidity is turning, it’s rarely a favorable environment for a currency where you have this very fragile and not credible policy mix.”

The pound has been one of the worst-performing currencies this year, down 27.6%, hit by soaring inflation and the easing of key rates by the central bank sought by President Tayyip Erdogan to boost Economic Growth.

Adding to the pressure, the dollar has strengthened this year on bets of aggressive U.S. interest rate hikes, and recently as investors seek safety in the greenback amid concerns over slowing growth world.

All eyes will be on Argentinian assets when trading begins later following news of the resignation of the country’s economy minister, Martin Guzman, who led the country’s debt restructuring deal with the Fund. international monetary policy over the weekend.

Argentine President Alberto Fernandez named economist and government official Silvina Batakis as the new economy minister on Sunday evening.

“The departure of Minister Guzman could be seen as another political blow to President Alberto Fernandez (who is facing his lowest approval ratings since the 2019 elections) and could jeopardize the relationship with the IMF,” wrote Alberto Ramos, Goldman Sachs chief economist for Latin America. in a note.

For the 2022 Emerging Markets FX GRAPH, see http://tmsnrt.rs/2egbfVh
For the GRAPH on the performance of the MSCI emerging index in 2022, see https://tmsnrt.rs/2OusNdX

For TOP NEWS in emerging markets

For the CENTRAL EUROPE market report, see

For the TURKISH market report, see

For the RUSSIAN market report, see (Report by Sruthi Shankar in Bengaluru, edited by Ed Osmond)

Inside the anti-union campaign of the former Argentinian government

In December 2021, employees of Argentina’s Federal Intelligence Agency reported in a criminal complaint that they discovered a video on an old hard drive. Distorted around the edges, as if taken through a fisheye lens, the security camera-style footage showed a meeting between Buenos Aires province politicians, intelligence officers and businessmen in a hall meeting of a central bank in Buenos Aires in June 2017.

In the footage, the men are seen discussing how to send Juan Pablo Medina, head of the La Plata municipal branch of the Union of Construction Workers of Argentina (UOCRA), to jail. One comment in particular immediately made headlines across Argentina when the video became public: “Believe me, if I could have – and I’ll deny saying that if anyone asks me – if I could have a Gestapo, a shock force to end the unions, I would,” said Marcelo Villegas, labor minister of the province of Buenos Aires at the time, in the video.

The coordinated effort to imprison Medina is far from the only case where politicians and intelligence services collaborated during the presidency of Mauricio Macri, who ruled the country from 2015 to 2019. The country’s federal intelligence agency is currently the subject of a major investigation. after it was discovered that he had carried out a series of illegal operations against targets ranging from Argentina’s political elite and the families of the crew of the lost navy submarine ARA San Juan, to journalists who asked to cover the 2017 World Trade Organization conference in Buenos Aires and truckers union leader Pablo Moyano. Two intelligence officers in the video were also implicated in some of these cases. Macri himself has been charged in the submarine case, although he claims the case against him is politically motivated.

Macri is a right-wing former mayor of Buenos Aires who has positioned himself as a pro-business modernizer, pledging to open Argentina for business and end the country’s eternal struggles against inflation. These policies provoked clashes with the unions, which saw his initiatives as a neoliberal attack on the rights and living conditions of workers.

When the video became public, the leaders of Argentina’s main trade unions pledged to take legal action and alleged that the filmed meeting was not one-off, but part of a systematic plan to persecute trade unions, orchestrated by then President Macri and Buenos Aires Province Governor Maria Eugenia Vidal. “They weren’t acting on their own,” Hugo Yasky, general secretary of Argentina’s Central Workers’ union, said at a December 2021 press conference called to denounce Villegas’ remarks.

Not an isolated incident

A major investigation by a La Plata judge led in April to the prosecution of Villegas, the former labor minister, as well as senior officials and former intelligence service directors. They are accused of illegal intelligence activities and dereliction of duty.

Meeting other people to plan legal action against someone is not a criminal offense in Argentina.

However, intelligence officers are only authorized to conduct surveillance in matters relating to defense and national security, or if they have a court order, so the presence of senior intelligence agency officials at local labor dispute meeting points to possible illegal intelligence activity, says court source who spoke with Equal times on the background.

According to the judge’s decision to prosecute, which Equal times saw, the heads of the intelligence agencies had obtained information about Medina that would prove essential to a later lawsuit against him by searching databases without a court order.

Additionally, the judge’s ruling says the meeting was not an isolated incident, but rather part of a decision at “higher levels of national and provincial government” to push a “strategy geared around involving leaders.” of the La Plata branch of UOCRA in criminal cases”. .” It likely started with a meeting that took place in May 2017 at the Casa Rosada presidential palace, which then-president Mauricio Macri attended, according to the judge’s investigation.

A day after the board meeting, on June 16, complaints against Medina began to arrive at the provincial labor ministry. The president of a professional engineering association sent a letter to Villegas expressing “concern” about excess labor costs in a number of private and public works contracts, according to local media. Two months later, a business owners’ association reported to the Buenos Aires provincial labor minister that the construction workers’ union was demanding its members pay workers more than the nationally agreed rate. .

In September 2017, Medina was charged with money laundering, extortion and criminal association following an incident in which a group linked to UOCRA La Plata allegedly violently confronted a group of one another UOCRA branch at the railroad works site near La Plata. On learning of his imminent arrest, the head of the union blocked himself in the offices of UOCRA. During this time, he gave a TV interview in which he said the charges against him were orchestrated by Macri, then head of state. “I think there is a political line that comes, unfortunately, from the president of the nation,” Medina said, saying there was a meeting to coordinate the charges. He was arrested on September 26 and spent two and a half years in prison before being placed under house arrest due to his age and poor health.

State hostility towards unions

In December last year, UOCRA denounced the Argentine state to the International Labor Organization for violating the right to freedom of association. “The statements of ex-minister Villegas imply the orchestration of an operation to persecute trade unionism and initiate legal proceedings,” UOCRA secretary general Gerardo Martínez wrote in the complaint. “This new evidence confirms what the Argentine labor movement already suspected in part: the previous administration set up illegal spy bases to persecute and prosecute labor leaders.” If the complaint is upheld, the ILO can make recommendations to remedy the violations of the right to freedom of association and ask the Argentine State to implement these recommendations. It is not yet clear whether the ILO will take up the complaint.

UOCRA did not respond to requests for comment. After Medina’s arrest, the UOCRA national secretariat sought to distance itself from the leader of the local union branch, issuing a statement saying it did not condone illegal activities or violence, and appointed a new leader to normalize union operations in La Plata.

It is unclear whether the prosecution of Villegas and the others will impact the legal proceedings against Medina. But it shows that the labor complaints against him were at least partly the result of deliberately coordinated action taken by high-level officials in conjunction with the business community and information obtained illegally from the intelligence agency.

The hostility of the state towards trade unions during the Macri presidency was also felt by the teachers’ union SUTEBA, according to Roberto Baradel, its general secretary as well as the general secretary of the Buenos Aires provincial branch of the Argentinian central trade union federation. workers.

In 2018, Baradel received anonymous emails threatening to kill his children if he did not end the salary negotiations he was leading. He reported the threats to the police. “The emails came from an account in Panama, but [the police] did not investigate further; I don’t think there was the political will to push it forward,” he said. Equal times.

Although the perpetrators of the threats were never identified, they went hand in hand with union-busting tactics by the state. In 2017, Governor Vidal announced she would recruit volunteers to teach children when educators announced a pay strike. Ahead of the 2018 annual pay negotiations, the Buenos Aires provincial government posted ads and banners on its website suggesting teachers quit their unions. In March 2018, a local court ordered the Vidal administration to remove the documents on the grounds that they violated freedom of association. Despite these tactics, more than 50 percent of education workers in the province of Buenos Aires are unionized, according to Baradel.

Imposing top-down reforms on workers

While it’s rare for union busters to be caught red-handed as in the video, the speech and accusations used follow the organizers’ playbook of persecution, according to Dr. Joaquin Aldao, a sociologist who studies Argentina’s labor movement at the Institute. National Technical and Scientific Research Council. This often involves associating traditional union protest tactics such as blocking roads and picketing businesses with illegal activities, and union organizers themselves with brutal violence.

“Unionist practice ends up being challenged in advance,” he says. “This social imaginary is created that connects unionism to illegal and unethical practices – that they are gangsters, that they carry guns, that they extort employers.”

For Baradel, the coordinated case against Medina, the union-busting tactics his organization faced, and the illegal surveillance of leaders such as truckers’ union leader Pablo Moyano reflected a neoliberal drive to impose top-down reforms on workers. “[The aim was] unions would not have such power to defend rights,” he said, adding that they wanted to “impose the flexibilization of work, cuts in wages and, in the case of schooling, move towards the privatization of education in Argentina”.

As of this writing, politicians and intelligence officials are filing appeals and no date has been set for the trial. But whatever happens to the lawsuits, in a country whose last dictatorship ended in 1983, a politician saying he would like to have a Gestapo pointed to the link between an aggressive “business-friendly” policy and the violation of the right to freedom of association.

“He appeals to a personality that has nothing to do with democracy,” says Dr Aldao.

A week of Independence Days


This article is an on-site version of our The Week Ahead newsletter. Sign up here to receive the newsletter straight to your inbox every Sunday

Hello and welcome to the working week.

Or maybe I should welcome you to Independence Week. The big one – the celebration of 1776 and all that – kicks off Monday in the United States. But from Algeria to Venezuela, from Argentina to South Sudan, the disconnection of former colonial powers is a strong theme – and a source of public holidays around the world – for the next seven days.

For those of us trying to get down to work (or keep doing it), however, this won’t be a week of celebrations.

French railway workers will go on strike on Wednesday, days before the start of the country’s school holidays.

Then there’s the unfolding drama of the summer of British discontent. Lawyers in England and Wales will resume their ‘crime doesn’t pay defenders’ strike tomorrow. On Tuesday they will be joined by banking regulators from the Financial Conduct Authority – represented by Unite – who are stepping down (again) in defiance of their latest wage offer. Moreover, the range of workers taking action is widening. Also on Tuesday, washing machine makers Whirlpool will be voted to take strike action against what union bosses have called an “insulting” wage offer.

Seems a good point to mention that the Financial Times is conducting a survey on cost of living compression – how do you cope with higher prices? To participate, click here.

After last week’s NATO summit in Madrid, Western efforts to help Ukraine this week will turn to Lugano in Switzerland. The Ukraine Recovery Conference is the latest in a series of high-level political gatherings first held in London in 2017, originally to discuss reforms that could open up foreign investment at a time of relative peace for the nation. The invasion of Russia gave new urgency to such support.

Is there anything to lighten the mood? Well, the summer season has begun – and by that I mean the FT Live summer season of thought-provoking talks and gatherings. This Thursday’s event, Capitalizing on Disruption to Create Business Opportunities, is free and you can do so by clicking here. In the longer term, you can save a place (and money) at the FT Weekend Festival, which takes place in London on September 3. Enter promotional code FTWFxNewsletters for a £10 ticket discount at ft.com/ftwf.

Thank you (again) for your feedback on The Week Ahead. Email me at [email protected]

Economic data

The key question at the moment is whether, or in some cases, when major Western economies will tip into recession. A series of business surveys this week will highlight areas of concern for business owners. Also closely watched will be Wednesday’s minutes of the Federal Reserve’s latest rate-setting meeting and Friday’s US labor market report.


We’re in for another week of retail-dominated UK business news. The commercial update of J Sainsbury’s Tuesday will indeed be a replay of Tesco a few weeks ago as it too made a strategic decision to accept lower prices which will cut into profits in order to keep customers.

curries could be quite interesting given that the UK electricals retailer is the undisputed market leader, but its market capitalization has shrunk, margins are tight and it feels like the pandemic was the high point of the business .

Main economic and corporate reports

Here’s a more comprehensive list of what to expect in terms of corporate reports and economic data this week.


  • Canada, Bank of Canada Business Outlook Survey

  • EU, May data on industrial producer prices

  • Germany, trade balance figures for May


  • Australia, Reserve Bank of Australia monthly rate-setting meeting

  • China, France, Germany, Italy, UK, US: Caixin/IHS Markit/S&P Services Sector Global Purchasing Managers Index (PMI) Data

  • EU, eurozone S&P Global Composite (industrials and services) PMI data

  • United Kingdom, official holdings of international reserves plus trade figures

  • United States, May Factory Orders

  • Results: Sainsbury’s Q1 Trading Statement


  • EU, May retail sales figures

  • EU, France, Germany, UK: Cips/IHS Markit/S&P Global construction PMI data plus US services PMI data and Eurozone productivity PMI data

  • Germany, May factory orders data

  • United States, the Federal Open Market Committee publishes the minutes of its June meeting

  • Results: Redde North Gate AF


  • EU, the European Central Bank publishes its quarterly financial statements

  • France, trade balance data for May

  • Germany, industrial production figures for May

  • Poland, National Bank of Poland base rate setting meeting

  • Russia, June CPI data

  • UK first quarter productivity figures plus Halifax monthly house price index

  • United States, ADP employment report

  • Results: curries AF, Jet2 AF, Khaki Q1 Commercial Update, RS Group Q1 Trade Update


  • Canada, June unemployment data

  • China, June Consumer Price Index (CPI) and Producer Price Index (PPI) figures

  • Italy, industrial production figures for May

  • Japan, May trade balance data

  • UK, KPMG/REC Monthly Employment Report and First Quarter Banking Sector Regulatory Capital Figures

  • United States, unemployment figures in June

  • Results: OMV Q2 Trade Update

Global Events

Finally, here’s a look at some of the other events and milestones from this week.



  • Algeria, Independence Day celebrations

  • Anniversary of the 1946 invention of the bikini by French automotive engineer and clothing designer Louis Réard, who named his garment after the site used by the United States for atomic testing

  • Venezuela, independence day celebrations


  • In the EU, speed-limiting technology is set to become mandatory for all new vehicles sold under agreed rules in 2019. The UK has said it will align with these vehicle standards.

  • France, railway workers go on strike to challenge wages

  • Spain, the Running of the Bulls festival begins in Pamplona


  • Italy, start of the trial in Genoa in the court case concerning the collapse of the Morandi motorway bridge in 2018

  • UK, deadline for a government decision on whether to go ahead with a new coal mine in Cumbria. Also, the annual Llangollen International Musical Eisteddfod begins in North East Wales.


  • UK Hinkley Point B nuclear power station set to begin closure despite fears of blackouts later this year


  • Argentina, Independence Day celebrations

  • Eid al-Adha, one of the most important holidays in the Muslim calendar, begins

  • South Sudan, Independence Day celebrations

  • United Kingdom, Wimbledon Women’s Tennis Championship Final


  • Bahamas, national day commemorating independence from the United Kingdom in 1973

  • Ireland, national holiday marking 101 years since the signing of a truce ending the Irish War of Independence

  • Japan, election of representatives of the upper house

  • Republic of the Congo, parliamentary and municipal elections

  • UK Wimbledon Men’s Tennis Championship Final

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On this day: Lionel Messi and Argentina lifted the FIFA U20 World Cup in 2005 (Watch video)


Argentina superstar Lionel Messi won the 2005 FIFA U-20 World Cup on this day, July 3 in the Netherlands. Messi was named man of the match after his heroic performance in the final against Nigeria by scoring his team’s only two goals. Argentina won the last game 2-1, with Messi being the best player in the world cup with 6 goals.

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Argentina’s economy minister resigns over peso and diesel issues


Buenos Aires, Argentina — Argentina’s economy minister unexpectedly resigned on Saturday, dealing another blow to President Alberto Ferández’s government as the country grapples with economic problems.

Martín Guzmán quit after a week in which Argentina’s currency hit an all-time low against the dollar amid soaring inflation and truck drivers staging protests over diesel fuel shortages.

No successor was announced immediately.

“I am writing to present my resignation as economy minister,” Guzmán said in a seven-page letter to Fernández that he posted on Twitter and which highlighted the internal battles within the organization. ‘administration.

Illustrating the tensions, Guzmán announced his resignation as Vice President Cristina Fernández gave a high-profile speech in which she lambasted the government’s economic policies. The vice president, who is not related to the Argentine leader, is herself a former president and the ruling coalition has split between their allies.

The resignation came after a week of economic turbulence.

With the Argentine peso falling against the dollar, the government on Tuesday made it harder to acquire dollars to pay for imports as the local currency hit new lows in the parallel market used by citizens and businesses to circumvent official channels.

Argentina has suffered from a dollar shortage for years, which stems in part from Argentines’ mistrust of their own currency amid high inflation. Inflation is running at an annual rate of over 60% and economists expect the rate to continue to deteriorate.

Work stoppages by truckers have disrupted economic activity, including the delivery to ports of grain, which is one of Argentina’s main imports.

On Wednesday, the government said it was trying to increase the availability of diesel by allowing more biofuel to be blended in fuel and suspending the import tax on diesel.

Argentina produces diesel but not in sufficient quantities for its needs and depends on imports, with world prices rising due to disruptions caused by the pandemic and the Russian invasion of Ukraine.

Analysts say one of the reasons for the shortage is that it is unprofitable for oil companies to import diesel because the government prevents them from charging what it costs to buy on the international market. .

In his resignation letter, Guzmán suggested that at least part of his reason for leaving was because he lacked political support within the government.

“From my experience”, he writes, “I consider that it will be fundamental to work for a political agreement within the government coalition so that the person who replaces me has centralized control of the necessary macro-economic policy instruments…to meet the challenges ahead.

Guzmán had held office since the start of the Fernández government on December 10, 2019, and has long been one of the most prominent figures in the Cabinet.

Early in the administration, he was seen as a staunch ally of the president, but also as someone who could help bridge the rifts within the often fractious governing coalition. In recent months, however, he has clashed with some officials loyal to the vice president and his influence in government appears to be waning.

Guzmán’s first challenge in the job, and success, was to negotiate a restructuring of Argentina’s debt and avoid a default.

He then struck a debt relief deal with the International Monetary Fund, but some of the more leftist elements in the government said it included too many concessions that would hamper Argentina’s economic growth.

Lawmakers allied to the vice president voted against the IMF deal in Congress, and Guzmán’s resignation raises doubts about the country’s ability to meet the terms of the deal.

In his letter of resignation, Guzmán said that his main objective when taking office was to “calm the economy” and that to do this it was necessary to “resolve the problems of the unsustainable foreign debt that overwhelms the State, as well as all of Argentina.

Buenos Aires Weather | Don’t light up the dark

The Venezuelan plane with the Iranian crew, currently immobilized at Ezeiza International Airport, is a very interesting case study for the analysis of the deployment of a communication battle. Pure news, half-truths, omissions and directly fake news intertwine in a conceptual promiscuity specific to these situations where previous emotions convert everything that confirms preconceived ideas into truth.

A communications expert would likely be targeted, even if he was cynical, advising a government, “Don’t shine a light on the dark and shut up all your officials”, in the hope that some later news story (e.g. example the flag of Cristina Fernández de Kirchner Speech of the Day, the Recoleta fire) will move the news of the plane into the headlines.

The same goes for the private companies to which the cargo brought to Argentina by the Emtrasur plane was heading – the Volkswagen people do not want to speak publicly while the automotive supplier Faurecia (the multinational supplier of Volkswagen importing seats and dashboards from Mexico for Volkswagen’s Taos model) do not deal directly with journalists, whether they call on the phone or drive to their factory in Berisso, the industrial suburb of La Plata.

The explanation would be that, given the lack of seats and dashboards (also in their Brazilian subsidiary to complete the units of the Taos model with a daily production of 200 finished vehicles), they had to fly them in from Mexico instead of bringing them by boat, since late deliveries are punishable by law.

A few days later, another shipment of auto parts for Faurecia/Volkswagen, also from Mexico, arrived on board another air cargo carrier, this time an American company, which would confirm that the imported auto parts were needed. and urgent.

Obviously, neither Faurecia nor Volkswagen are responsible for the fact that the international air freight forwarder Fracht USA first contracted a Venezuelan plane and then an American plane, while it is understandable that their leaders do not want to come out with explanations, in order to not to trigger further news linking their brand to something sinister according to public opinion. But limiting itself to a solitary press release which began by saying: “SAS Automotriz Argentina informs that it has no connection with the situation of the Boeing 747-300 cargo transport plane of Venezuelan origin” allowed the circulation of information contradicting the contents of the cargo of the Emtrasur aircraft.

The fact that the goods transported were genuine does not diminish the possibility that they were an alibi to conceal other purposes. With the 250,000 liters of fuel for a Boeing 747 costing around $300,000, to ultimately decide whether the Emtrasur flight made commercial sense or not would have to be whether there was a cargo contract with Argentina or passengers to bring back to Venezuela, Mexico or another destination.

The government of Venezuela, its embassy in Argentina and its standard bearer Conviasa, probably at the request of the Argentine government to try to take the matter off the agenda in the hope of not explaining anything either (probably because that would also darken the picture). that, without new information on the matter, the scandal will follow the same course as the alleged corruption of the Vaca Muerta pipeline being built by Techint, denounced by many of the same opposition members denouncing the Iranian plane and shelved 10 days later.

Worse than the lack of information is false information such as pilot Gholamreza Ghasemi being the namesake of a senior Iranian government official ‘because the pilot was 10 years younger’, says security minister Aníbal Fernandez. Without going that far, the antagonists of the government have also been sloppy in weighing the information. That the plane belongs to the airlines Mahan Air and Qeshm Fars Air while the Office of Foreign Assets Control (OFAC) of the Washington Treasury Department sanctions “those who do business with Iranian airlines exposed to the application of the OFAC sanctions” does not imply that sanctions against legal persons (a company) also apply to natural persons (a pilot or a company director since Gholamreza Ghasemi was also the main director of the company) . The Iranian crew of the Emtrasur plane should themselves be charged with terrorism in order to be tried and/or extradited. In fact, there have been no red alerts or arrest warrants or legal proceedings against these individuals.

While nothing was denounced before the arrival of the plane, judge Federico Villena could still indict the Iranian pilot for any new crime committed in Argentina – an illegality such as espionage – with some evidence or via an appeal. transition to the “criminal” doctrine. law of the enemy”, the Feindstrafrecht as defined by German professor Günter Jakobs at a criminal law congress in Berlin in 1985, where he separated criminal law for ordinary citizens from enemies such as terrorism, drug trafficking, organized crime and human trafficking. Jakobs denies these enemies the condition of “person” because for someone to be considered a citizen, he must give in exchange “some cognitive guarantee that he will behave like a person”. If such a guarantee does not exist, they will be subject to suspicion, regarding them as “the possible creator of unauthorized dangers and a potential enemy with their conduct characterized as creating a danger”. Something similar to the right of the police to detain suspicious persons, which cannot be argued without the existence of evidence. Instead of judging individuals for their past actions, the enemy’s criminal law preemptively dismisses them from society in light of their possible future actions. It has been widely used in the United States since the Twin Towers bombing in New York in 2001, when people began to become suspects solely because of their ethnicity or religion. Guantanamo prison was his climax.

In the Middle Ages, women accused of witchcraft were burned at the stake, but this was not always a gender bias. The character of the enemy of society has been approached by philosophers of the stature of Thomas Hobbes, Immanuel Kant or Jean-Jacques Rousseau and has always been controversial.

Other puzzling information indicated that fewer passengers had arrived than they had left, also triggering a wave of suspicion as the previous month the plane had been in Ciudad del Este, on the Paraguayan side of the Triple Border, in the center of South American terrorism. Paraguay’s Intelligence Minister Esteban Aquino’s decisive stance contrasts with the permissive way in which he had previously not only allowed the plane to land and depart without problems last month, but also allowed the Iranian crew to pass three days in this city without any restrictions.

Regarding the aircraft, rumor has it that the Argentine state will dismantle it and sell it to compensate the families of the victims of the terrorist attacks. In this case, they could continue with the Iranian Embassy in Argentina, located on Avenida Figueroa Alcorta 3229 in Barrio Parque, opposite Franco Macri’s forever home.

While understandable given the wounds left by the attacks on the Israeli Embassy and the AMIA Jewish Community Center, it is always desirable to raise the level of discussion on such complex issues that demand the best of us.

Buenos Aires Weather | Stories that caught our attention: June 26 to July 1



The presidential week moved between meetings with G7 leaders in Bavaria in its early stages and a whirlwind visit to jailed indigenous activist Milagro Sala’s hospital bed in Jujuy midweek. The G7 summit was marked by a clash with British Prime Minister Boris Johnson, who brushed off pressure from President Alberto Fernández for negotiations over Falklands sovereignty in a meeting lasting less than half an hour. Johnson offered to invest in Argentine grain production to counter global food shortages caused by Russia’s invasion of Ukraine, to which President Fernández retorted that it was “impossible to move forward in relations without moving forward in discussions of sovereignty”. Addressing the G7 summit as a whole in two brief speeches, President Fernández proposed lifting all “protectionist barriers” on food to alleviate global hunger as well as peace talks to end the war in Ukraine while in his second speech he called for a new world order. by changing “an economic system that generates poverty while allowing the accumulation of wealth by the few”. During his visit to Jujuy on Wednesday, President Fernández criticized the Supreme Court in passionate terms for not having resolved the case of an “unjustly detained” and “persecuted” Sala. The radical governor of Jujuy, Gerardo Morales, called the presidential visit “a lack of respect for the people of Jujuy”.


The Central Bank announced on Monday that “it is adapting the foreign trade payments system to meet the extraordinary need for (hard) foreign exchange to accompany energy imports with the aim of supporting economic growth… and avoiding speculative maneuvers with imports”. Restrictions already requiring some businesses to seek dollars from other markets to import will now be applied to financing the import of items covered by non-automatic licenses and services for the next quarter “to give foreign trade the time to normalize.” Small and medium-sized PyMES companies will be exempted for up to 15% increase over last year and a cap of $1 million. It was further announced that “tariffs on goods equivalent to those produced in the country would be extended with market access starting at 180 days and 360 days in the case of luxury goods”. In the case of imports of capital goods, up to 80% can be paid at the port of origin while “complementarily, the pre-financing of exports will be facilitated to accelerate the entry of [hard] currency, especially for the grain complex, extending the obligation to exchange export earnings from five to 15 days. 583 million dollars to reduce its declining reserves, the highest contribution since the end of 2016. Country risk started the week above 2,500 points.


Monday’s announcement of the Central Bank’s new import restrictions sparked the start of a turbulent week in money markets, with the “blue” dollar immediately breaking the 230 peso mark to hit a new record high of 232 pesos, a record continuously broken in recent days with the “blue” already on the verge of 240 pesos in the middle of the week. Country risk started the week already above 2,500 points.


The week started with diesel shortages already across the country outside Tierra del Fuego province and supplies reported low or near zero in 16 districts (including the province and city of Buenos Aires), according to a survey of 1,200 truck drivers. Huge price discrepancies have also been reported. The shortages have sparked various protests with the Mesa de Enlace association of agricultural groups calling for an agricultural strike for July 13 midweek.


Both North American giants celebrate their national holidays in July (Canada Day yesterday and Independence Day in the US on July 4), but both chose to celebrate them here in June – Canada last Tuesday at the Teatro San Martín and the United States last Thursday at the Palacio Bosch Embassy Residence, the first National Day receptions for the Reid Sirrs of Canada and the American Ambassador Marc Stanley. Thursday’s US reception came amid parallel dollar volatility here and the controversial Supreme Court vote on abortion in the US with the ongoing Russian invasion of Ukraine a concern for two North American countries with huge Ukrainian communities in each case.


City Mayor Horacio Rodríguez Larreta’s tour of Israel included a meeting on Tuesday with that country’s president, Isaac Herzog, urging him to explain Israel’s economic transformation after runaway inflation four decades ago. Herzog replied: “The exit from inflation involved effort and austerity but also the conviction of society and political leaders that defeating it was possible”, pointing to the construction of a coalition government with a broad political support and broad consensus in the 1980s and the priority given by successive governments to the issue. The controversial Venezuelan plane with a part-Iranian crew currently grounded at Ezeiza airport was not absent from their conversation. Rodríguez Larreta also visited the Yad Vashem Holocaust Museum, the largest in the world and directed by Dani Dayan, of Argentine origin. Finally, he met Eyal Sela, who will soon replace Galit Ronen as Israel’s ambassador here.


Paraguayan-born Casilda Benegas, the country’s oldest person until then, died last Tuesday at the age of 115 in the Atlantic resort of Mar del Plata where she had lived most of her life. She already caught the media’s attention in the final days of 2020 when she contracted Covid-19 and survived effortlessly, the second oldest such recovery in the world at the age of 113 and the fourth oldest. oldest in the world to be vaccinated. The retirement home where she lived for her last nine years reported her lucid to the end. She is survived by her two children, eight grandchildren, eight great-grandchildren and three great-great-grandchildren.


The historic Confitería del Molino across from Congress will reopen to the public next Friday on the eve of its 106th anniversary after four years of restoration. The iconic five-storey art nouveau building with restaurants, cafes, an iconic patisserie, a rooftop bar and three floors of apartments has a capacity of 8,000 people. The 1916 building was built according to the plans of the famous Italian architect Francesco Gianotti (1881-1967) and has been closed since 1997.


Even in a week of financial turbulence, the departure of talk show hosts Mirtha Legrand (95) and her granddaughter Juana Viale from Channel 13 last Monday made headlines in many homes. TV America is their possible new media house. A sticking point in the negotiations was apparently that Mirtha didn’t feel up to regular appearances and objected to her granddaughter having her own show rather than covering it.

In this news

Teenagers won’t cry for Argentina in unique screening of Evita


Members of the Irish Youth Musical Theater group will perform Evita at the National Concert Hall in Dublin tonight, alongside the National Symphony Orchestra and renowned musical theater star Rebecca Storm.

Irish Youth Musical Theater is a national training company for actors aged 14-24. It was established by Donegal-born Séimí Campbell in 2020 to find, nurture, train and introduce the next generation of Irish musical theater performers and to help launch their careers.

A special performance of ‘Evita’ at the National Concert Hall in Dublin

Like everyone else in the entertainment industry, opportunities for young singers have been scarce in recent years – indeed, some of tonight’s performers studied and graduated during the height of the pandemic – which makes this particularly important experience.

The show is staged by special arrangement with Andrew Lloyd Webber’s ‘Really Useful Group’, allowing it to feature three ‘Evas’ and over 50 performers, including the youngest aged just 15. .

Rebecca Storm has performed in Evita in 15 countries and says she is “having fun” performing alongside the young singers. Describing them as “magnificent” performers, she says it’s an incredible opportunity to start a career.

Argentina Data Center Market (2022 to 2027) – Investment Analysis and Growth Opportunities | New


DUBLIN, July 1, 2022 /PRNewswire/ — The “Argentina Data Center Market – Investment Analysis and Growth Opportunities 2022-2027” report has been added to ResearchAndMarkets.comit is offer.

The report examines the current scenario of Argentina data center market and its market dynamics for 2022-2027. It covers a detailed overview of several growth catalysts, restraints, and market trends. The study includes demand and supply aspects of the market.

Argentina The data center market size will grow at a CAGR of 9.59% during the period 2022-2027.

Main highlights of the report

  • The impact of COVID-19, remote work has led to the increase in local data generation as well as the introduction of the Privacy and Data Protection Law, Ley de Proteccion de Los Datos Personales will drive demand for data centers in Argentina.
  • The government had announced its ICT objectives for 2020-2023 in its Plan ConectAR. The plan aims to improve 4G connectivity, 5G deployment, improved satellite and fiber optic coverage, bridging the digital divide, especially in rural areas, increased adoption of cloud computing, especially for government services, setting up a national data center and increasing the adoption of digital television.
  • In Argentina, local businesses, banking institutions, and international corporations are some of the customers who host their data in colocation data centers. The growing adoption of cloud-based services is contributing to the growth of retail and wholesale colocation services in the market. The market is seeing an increased demand for colocation spaces in existing and future data centers.
  • The deployment of 5G networks will boost the region’s digital economy and lead to increased demand for high-speed network infrastructure. Adoption of software-defined networking (SDN) is likely to increase due to smart city initiatives led by government agencies.

Why should you buy

  • Market size available in investment, area, power capacity and Argentina income from the colocation market.
  • An assessment of the data center’s investment in Argentina by colocation, hyperscale and enterprise operators.
  • Investments in data centers in area (square feet) and electrical capacity (MW) in cities nationwide.
  • A detailed study of the existing Argentina data center market landscape, in-depth industry analysis and insightful predictions about the Argentina data center market size over the forecast period.
  • Overview of existing and upcoming third-party data center installations in Argentina
  • Facilities covered (existing): 05
  • Installations identified (coming soon): 01
  • Coverage: 4 cities
  • Existing vs. future (data center area)
  • Existing vs. future (IT load capacity)
  • Data center colocation market in Argentina
  • Revenue and Market Forecast (2021-2027)
  • Retail colocation pricing
  • The Argentina Data center landscape market investments are categorized into IT, power, cooling, and general construction services with sizing and forecasting.
  • A complete analysis of the Argentina Data Center market growth, latest trends, growth rates, potential opportunities and outlook for the industry.
  • Overview of the business and product offerings of leading IT infrastructure providers, construction contractors, support infrastructure providers and investors operating in the industry.
  • A transparent research methodology and analysis of the demand and supply aspect of the market.

Main topics covered:

Chapter 1 Existing and Upcoming Third-Party Data Centers in Argentina

  • Over 15 unique data center properties
  • Data Center IT Load Capacity
  • Data center white floor space
  • Existing data center capacity by city
  • Cities covered
  • Buenos Aires
  • Cordoba

Chapter 2 Investment Opportunities in Argentina

  • Investments in data centers
  • Investment by area
  • Investment by power capacity

Chapter 3 Data Center Colocation Market in Argentina

  • Colocation services market in Argentina
  • Retail Colocation
  • Colocation pricing (quarter rack, half rack, full rack) and add-ons

Chapter 4 Market Dynamics

Chapter 5 Market Segmentation

  • IT infrastructure: market size and forecast
  • Electrical infrastructure: market size and forecasts
  • Mechanical infrastructure: market size and forecast
  • General construction services: market size and forecast

Chapter 6 Level Standard Investment

Chapter 7 Major Market Players

  • IT infrastructure providers
  • Building contractors
  • Support infrastructure providers
  • Data center investors

Chapter 8 Appendix

  • Market Derivation
  • Quantitative Summary

Companies cited

  • Arista Networks
  • Broadcom
  • Cisco Systems
  • Dell Technologies
  • Hewlett Packard Enterprise
  • Huawei technology
  • IBM
  • Juniper Networks
  • NetApp
  • Oracle
  • South American builder
  • Fluorinated construction
  • Quark
  • ABB
  • Alfa Laval
  • Assa Abloy
  • caterpillar
  • Cummins
  • eaton
  • Johnson Controls
  • Great
  • Rittal
  • Schneider-Electric
  • Siemens
  • Vertiv Group
  • Amazon Web Services (AWS)
  • EdgeConnex

For more information on this report, visit https://www.researchandmarkets.com/r/8sdx2r

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Research and Markets

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