Argentine President Alberto Fernández will move to Spain after the end of his presidency on December 10, presidential spokesperson Gabriela Cerruti confirmed Saturday. Fernández had already hinted at his future plans in an interview he gave last week to Spanish media outlet El País. Asked what he would do after Milei’s inauguration on the 10th, the president said he had been offered teaching positions in Spain, which he was currently considering. The visit to the Vatican, which would have been the president’s final official trip, has been rescheduled until after Fernández settles in Spain. Fernández and Milei began transition talks Tuesday morning at the presidential residence in Olivos, Buenos Aires province, where Milei will move when he takes office.

And the Michelin star goes to…On Friday night, Michelin, the French tire company and owner of the world’s most prestigious restaurant guidebook, announced its starred selections for Buenos Aires and Mendoza. Earlier this week, The Best Chef ranked the restaurant’s chef, Gonzalo Aramburu, as the 89th best in the world for 2023. The names were revealed at the “Star Revelation 2024” gala at Arena Studios in La Boca Friday night. Argentine Tourism and Sports Minister Matías Lammens, who publicized Argentina’s agreement with Michelin in July, was on hand to celebrate the occasion. In September, renowned Argentine chef Francis Mallman took to Instagram to rail against Michelin’s star system and its effect on dining culture.

Of that, 10 percentage points would correspond to recovering Central Bank interest-bearing liabilities (LELIQ and repo operations). On the contrary, the Central Bank uses these interest-bearing liabilities to regulate the monetary volume and short-term reference rates. Since the day after the runoff, Milei has been making comments about solving the problem of the central bank’s interest-bearing liabilities as soon as possible to enable the elimination of currency controls. However, of all the Argentine economy’s problems, interest-bearing liabilities are by no means the most important. If progress is made in that direction, the stock of interest-bearing liabilities will be reduced, thus making exchange rate unification possible.

Our household products revenue for the first half 2023 increased by about $17.4 million or 56.1% as compared to the same period of 2022. Cost of revenues of household products for the first half 2023 increased about 67.0% as compared to the same period of 2022. Cost of revenues of household products for the first half 2023 increased about 67.0% as compared to the same period of 2022. Fulfillment expenses as a percentage of total revenues were 2.3% in the first half of 2023, up from 1.7% in the first half of 2022. The decrease was primarily due to a $0.9 million decrease in bad debt expense and $1.0 million decreased in share-based compensation of services provided.

Economist Carlos Rodríguez said Friday that he was “ending all formal ties regarding economic advisory” with La Libertad Avanza (LLA). Rodríguez was part of a an LLA team that met with the IMF following the libertarian economist’s victory in the August primaries. Today is the right time, given that Javier [Milei] has designated the Economy Minister and changed the president of the Central Bank. He’s not the right person; being the economy minister has a different set of job requirements,” Rodríguez said. Carlos Rodríguez graduated as an economist from the University of Buenos Aires and has a PhD from Chicago University.

The libertarian bested Peronist candidate and current Economy Minister Sergio Massa, winning 56% of the vote to Massa’s 44%. During the first presidential debate, Milei noted that he had since apologized to the spiritual leader of more than two-thirds of Argentines. On the home front, Milei unofficially confirmed a number of ministers and that his government will have just eight ministries, half of the current number. The latter two “Frankenstein’s ministries,” as we’ll call them, are both amalgamations of numerous current cabinet-level agencies.And what of Sergio Massa? Having appointed a four-person transition group to coordinate with Milei’s economy team, Massa later said that he would remain in office until Alberto Fernández’s term ends on December 10.

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Six jerseys Argentine football superstar Lionel Messi wore during the 2022 Qatar World Cup will go up for auction. “[We] are announcing the auction of six jerseys I wore during the 2022 World Cup, including the one I wore during the final,” Messi wrote. The jersey’s will be on [famed auction house] Sotheby’s website from November 30 to December 14. The most expensive football jersey is Diego Maradona’s 1986 World Cup quarterfinals kit, which went for US$9.28 million in Sotheby’s London in May of the same year. Messi’s jerseys will be displayed to the public at Sothesby’s New York, from November 30 to December 14.

The government has increased the taxes that apply to the dólar tarjeta (card dollar) exchange rate, bringing it to AR$950 to the dollar. The card dollar is the exchange rate applied to purchases made with Argentine credit or debit cards abroad. This means the card dollar will now incur a 155% tax on the value of the official dollar, which closed at AR$375 on Wednesday. Thus, the card dollar is now valued at around AR$950 this Thursday, amid the presidential transition process. That means the card dollar rate will be adjusted in line with that policy.

PharmAbcine Publishes Study in Science Advances Demonstrating the Potential of PMC-403 in Preclinical Models of Idiopathic Systemic Capillary Leak SyndromeAdvertisementStudy reveals a promising avenue for addressing Idiopathic Systemic Capillary Leak Syndrome (ISCLS, a.k.a. The results underscore the novel mechanism of action, demonstrating the ability of PMC-403 to reduce vascular leakage associated with ISCLS in the preclinical models. The paper, titled “A ligand-independent Tie2-activating antibody reduces vascular leakage in models of Clarkson Disease” highlights the significance of Tie2 activation and its potential implications for the treatment of ISCLS. In February 2023, the US FDA granted Orphan Drug Designation (ODD) for PMC-403 for the treatment of Systemic Capillary Leak Syndrome. Dr. Jin-San Yoo, President & CEO of PharmAbcine, commented “This study provides vital insights into the efficacy and potential expandability of Tie2-activating antibody for vascular diseases.

Argentina head coach Lionel Scaloni placed his continuity in doubt following the men’s national football team’s 1-0 victory over Brazil Tuesday, sending shockwaves throughout the entire country. “There’s an important bit I wanted to say,” Scaloni said at the end of the press conference following the game. “I need to pause a bit in the coming months because I need to think about many things. They’ve set the bar very high and it’s hard to carry on.”“This isn’t a goodbye, but I need to think things through,” added Scaloni. The Argentina coach, however, confirmed that “everything is good” with the AFA president.

However, the people have expressed their will at the ballot box, and the democratic process must be respected. Secondly, Milei’s victory is a warning to Argentina’s entire political system, because it shows that an outsider with extreme proposals was better able to channel the popular anger and frustration than career politicians. As in 2001, the entire political system has failed the Argentine people. Winning the run-off is not a carte blanche to run roughshod over Argentina’s democratic consensus. As we said in our collective editorial, a Milei government must provide answers to the population’s demands without breaking the democratic consensus that we have spent 40 years building.

Here are three points you should know about why adopting light mobility can change the panorama for LAC. Such “light mobility” includes micro-cars, mopeds, electric bicycles, and scooters, among many others, that can improve city mobility. The main reason is that cities have been designed for cars, prioritizing large motor vehicles, as our latest report, “Towards the light: Effective light mobility policies in cities,” points out. The rest of days, these large vehicles do not represent the same utility for the person, who could equally use light vehicles in their daily lives to get around. The third point is this: to really boost light mobility, cities need to integrate light mobility options with pedestrian infrastructure and public transport systems.

After far-right economist Javier Milei’s win in Sunday’s run-off election, Argentina’s main business associations and leaders generally reacted with support for the president-elect. Common themes across their reactions were the desire to work closely with the new administration to fix the country’s economic situation and the importance of the work ahead. One of the first to congratulate Milei was the group of leading business associations known as the “G6” — the Argentine Chamber of Construction (Camarco), the Argentine Rural Society (SRA), the Argentine Chamber of Commerce and Services (CAC), the Association of Argentine Banks (ABA), the Buenos Aires Stock Exchange (BCBA) and the Argentine Industrial Union (UIA). “[We] celebrate the carrying out of a new democratic election in peace and congratulate its protagonists,” said G6 members in a signed statement. Argentine sovereign bonds are also up at around 6 percent.