Messi reaches out to Chinese fans after friendly absence outrage
Argentine football superstar Lionel Messi released a video explaining why he missed the friendly Inter Miami played in Hong Kong on February 4. The Qatar 2022 winner’s absence caused outrage among Chinese fans, who booed him and demanded reimbursement for their tickets. I’ve heard I didn’t want to play due to political reasons and other things that have no relation to it. Messi has struggled with injuries since September 2023, when he felt some discomfort during a South American Qualifiers game playing for Argentina. “I’d already said all this but I think it bears repeating now after everything that’s being said,” Messi said.
Source:Bueno Aires Herald
February 20, 2024 14:13 UTC
Government requests ruling declaring labor reform unconstitutional be overturned
The government filed a request asking the Supreme Court to overturn a ruling by a lower court that declared the labor reform included in President Javier Milei’s mega-decree issued in December unconstitutional. In the first days of January, a labor court issued a temporary suspension of the labor reform. On January 30, the Federal Labor Chamber issued a new ruling declaring the labor chapter of the decree unconstitutional. The Federal Labor Chamber’s main reason for declaring the reform unconstitutional was due to the fact that the government used the wrong legislation. That ruling handed down by the Federal Labor Court is the first to issue a comment regarding the fundamentals of the mega-decree’s labor reforms.
Source:Bueno Aires Herald
February 20, 2024 14:12 UTC
Teachers consider strike to demand salary negotiations
But this year, classrooms could remain empty as teaching unions mull provincial and national strikes to demand wage negotiations. Presidential Spokesperson Manuel Adorni said last week that the government was considering opening wage negotiations soon, but a decision had yet to be made. In Argentina, national negotiations set the minimum wage for teachers countrywide. “They never told us these funds would not be paid, nor that they wouldn’t be opening wage negotiations,” she said. Governors including Axel Kicillof in Buenos Aires province and Gustavo Valdés in Corrientes decided in January to pay teachers the remaining money from provincial resources.
Source:Bueno Aires Herald
February 20, 2024 02:44 UTC
Argentina Open 2024: Díaz Acosta wins title, fulfilling lifelong dream
Argentine tennis star Facundo Díaz Acosta (87th ATP singles ranked) was crowned 2024 Argentina Open champion on Sunday after beating Chilean Nicolás Jarry (21) by 6-3, 6-4 in one hour and 44 minutes of play. Despite trying for chances to earn another break of serve, the Argentine was forced to wrap it with his own, closing 6-3. It was more of the same in the second set, where Díaz Acosta kept on the offensive, refusing to back down from the baseline and forcing Jarry to either out-shoot him or miss. Díaz Acosta looked set for a straightforward finish, sitting at 40-0 with his serve — but Jarry fought back, defending five match points and having the chance to break the Argentine’s serve. Díaz Acosta couldn’t hide his surprise at winning the title.
Source:Bueno Aires Herald
February 19, 2024 12:53 UTC
Poverty in Argentina hits 57%, highest number in 20 years, report says
Argentina’s poverty rate reached 57.4% in January according to a new report by the Argentine Catholic University’s respected Social Debt Observatory. It’s the highest poverty number since 2004, when the observatory began publishing reports, amid widespread economic deregulation and price hikes. “Our perspective is that this will keep getting worse in February,” the observatory’s Director Agustín Salvia told the Herald. A family is considered to be in poverty if they earn less than the basic food basket plus services, known as the total basic basket. The minimum wage, which defines who receives certain social benefits, currently sits at AR$156,000 a month while the total basic basket for a single adult reached AR$193,000 in January, according to INDEC’s latest report.
Source:Bueno Aires Herald
February 19, 2024 10:53 UTC
iAnthus Announces Restatement of Third Quarter 2023 Financial Results
(collectively, the “Third Quarter 2023 Interim Financial Statements“). This error has no impact on the cash balance as of September 30, 2023, and results in no net change in cash flows for the nine months ended September 30, 2023. As a result, the Third Quarter 2023 Interim Financial Statements and accompanying earnings release should no longer be relied upon. The Restated Third Quarter 2023 Interim Financial Statements will also be publicly available on the Company’s SEDAR+ profile. Forward-looking statements may include, without limitation, statements relating to the Company’s financial performance, filing of financial statements, business development and results of operations.
Source:The Bubble
February 17, 2024 10:14 UTC
Milei to axe nine state fiduciary funds worth US$2 billion
The Argentine government will eliminate nine state fiduciary funds, President Javier Milei and his spokesman confirmed on Friday. The government has not confirmed which of the state’s fiduciary funds could be axed. “Nobody knows how that money is used.”There are 28 fiduciary funds under national jurisdiction. Another, created in 2013, funds assistance for those affected by forest fires. The Economy Ministry and the President’s Office told the Herald they had no information on what funds would be cut.
Source:Bueno Aires Herald
February 17, 2024 03:34 UTC
Paraguayan Senate expels opposition voice who called out corruption
Paraguay’s senate on Wednesday expelled one of the few opposition voices in national politics, sparking protests in the capital Asunción, and concerns over the fragile state of the country’s democracy. Senator Kattya Gonzalez from the center-left National Meeting Party was dismissed from her position during an extraordinary session on Wednesday for the “misuse of influence” while in office. Senators who voted in favor of her dismissal accused Gonzalez of administrative misconduct related to three state officials she supervised. Paraguay’s right-wing Colorado Party has a majority in both chambers of congress, holds the presidency and oversees 15 of the 17 state governments following elections in April last year. She will be replaced by her deputy, a lesser-known member of the opposition.
Source:Bueno Aires Herald
February 16, 2024 13:53 UTC
TriNet Announces Fourth Quarter, Fiscal Year 2023 Results, and Dividend Initiation
Net income was $67 million , or $1.31 per diluted share, compared to net income of $49 million , or $0.78 per diluted share, in the same period last year. , or per diluted share, compared to net income of , or per diluted share, in the same period last year. , or per diluted share, compared to Adjusted Net Income of , or per diluted share, in the same period last year. Net income was $375 million or $6.56 per diluted share, compared to net income of $355 million or $5.61 per diluted share, in 2022.or per diluted share, compared to net income of or per diluted share, in 2022. Adjusted Net income was $446 million or $7.81 per diluted share, compared to net income of $448 million or $7.07 per diluted share, in 2022.or per diluted share, compared to net income of or per diluted share, in 2022.
Source:The Bubble
February 16, 2024 09:39 UTC
‘People despise politicians’: Milei excoriates Congress, claims progress on inflation
President Javier Milei welcomed January’s inflation figures as a slowdown and lashed out against politicians who rejected his omnibus bill reform package in an hour-long interview with LN+ television channel on Wednesday night. The president argued that inflation is always monetary, comparing emission to trying to photocopy a plate of pasta. “If we’re going to eat dinner and we have pasta for the two of us, but then Esteban and Luis come along. In the document, she argued that dollar scarcity, not money printing, is the main driver of inflation. Milei promised that once this happens, his government would be able to release currency controls.
Source:Bueno Aires Herald
February 16, 2024 02:51 UTC
Argentina’s SMEs can now purchase dollars at the official rate
Through March 9, 10,000 SMEs with debts of up to US$500,000 will be able to access dollars through a schedule established by the Economy Ministry. The Central Bank made the decision days ago as demand for series 1 BOPREAL bonds improved, mostly from big businesses. That accounts for almost 80% of SMEs and over 70% of registered companies, according to the Central Bank. Central Bank dollar purchasesThe other factor at play is the Central Bank’s purchases, which are inspiring greater confidence. That’s putting pressure on the exchange rate.
Source:Bueno Aires Herald
February 16, 2024 01:43 UTC
El Cruce: What it’s like running Patagonia's 100km mountain ultramarathon
It was my second day running Argentina’s most daunting endurance run, and every part of my body was aching in protest. I prepared for and ran El Cruce with 13 runners from Palermo Adventure Team. Danielle embarks on El Cruce. El Cruce organizers take care of setting up tents, cooking, and transporting bags between campsites. Saucony El Cruce is in early December each year.
Source:Bueno Aires Herald
February 15, 2024 11:09 UTC
Argentina starts 2024 with a 20.6% monthly inflation rate
Argentina’s monthly inflation rate reached 20.6% in January 2024, according to the National Institute for Statistics and Census (INDEC, for its Spanish acronym). The category that saw the biggest monthly increase is “other goods and services,” which went up by 44.4%. It was followed by transportation, which went up by 26.3% mainly due to increases in public transportation and fuel. However, the Fund’s chief economist, Pierre-Olivier Gourinchas, said in a press conference that inflation would decrease to “single digits by the middle of this year” and could fall “even further.”The IMF calculated that the 2024 inflation rate will be around 150% and that the country’s GDP will fall by 2.8 percentage points. You may also be interested in: OECD: Argentina inflation projected to hit 251% in 2024
Source:Bueno Aires Herald
February 15, 2024 11:08 UTC
Forced by political weakness, Milei is set to explore joint government with PRO
Within this context of extreme political weakness and institutional fragility, Milei will negotiate with Mauricio Macri the possibility of forming a joint government with PRO. The main opposition to this is Karina Milei, who continues to reject a merger between PRO and LLA. “When you get back, we’ll talk.” In an almost disdainful tone, Macri exchanged messages with Milei while the president was in Israel and Rome. He admires Milei’s conviction to carry out austerity measures without considering the political costs but doubts his management capacity. Without allies and confronted with the governors, Milei is now withdrawing into his inner circle while he awaits a call from Macri.
Source:Bueno Aires Herald
February 14, 2024 14:12 UTC
Argentina Open 2024: Schwartzman hints at retirement, Coria wins 3-hour epic
This week, the Herald is reporting on the ground from the Argentina Open, so check back for updates! Former top ten Argentine Diego Schwartzman (118th ATP singles ranked) hinted at retirement after losing 2-6, 6-1, 6-4 to Colombian Daniel Galán (80) in the Argentina Open. After a marathon game lasting over three hours, the Argentine won 7-5, 4-6, 7-5 to secure a spot in the round of 16. Image: Diego Schwartzman plays at the 2024 Argentina Open. Source: Argentina Open press
Source:Bueno Aires Herald
February 14, 2024 02:45 UTC