Justice Minister Martín Soria ordered a six-month takeover of presidential candidate Patricia Bullrich’s research institute, contending that it is being illegally used to fund her political campaign. The NGO, the National Institute of Strategic Studies on Security (IEES, by its Spanish acronym) was founded in 2016 and is presided over by Bullrich. In a tweet, Bullrich accused Economy Minister and presidential candidate Sergio Massa of “attacking her” through the Justice Minister. The IEES also paid for political consultants and election specialists, according to the IGJ. All my support to Patricia Bullrich,” Larreta tweeted.

July 13, 2023 17:31 UTC

The informal dollar exchange rate, popularly known as the “blue dollar,” surpassed the AR$500 mark for the first time in history today. The exchange rate, which started the week at AR$492, closed on Wednesday at AR$503 per dollar. Other parallel exchange rates MEP dollar and blue-chip swap rate reached AR$488.65 and AR$501.46 respectively. The official exchange rate is AR$276.89. Today, the gap between the blue and the official dollar is just over 90%, at 90.49%.

July 13, 2023 00:57 UTC

The bus system in Buenos Aires is a completely different story. This is just one of the many differences between the Los Angeles and Buenos Aires bus experiences. Before you’re allowed to pay your fee, you have to tell the bus driver exactly which bus stop you’re getting off at: have the intersection of the street corners ready. There’s no such thing on the Buenos Aires bus. The terrifying efficiency and speed modeled by the Buenos Aires buses are the next step to achieving the American dream.

July 13, 2023 00:57 UTC

Latin America and the Caribbean received record flows of foreign direct investment (FDI) last year, a United Nations report showed on Monday, mostly into services, manufacturing and energy as spending recovered after the pandemic. The report by the U.N. Economic Commission for Latin America and the Caribbean (ECLAC) found that FDI, or income from cross-border asset purchases, surged 55% from 2021 to hit about US$225 billion last year, the highest level ever recorded. “FDI flows to the region had not surpassed US$200 billion since 2013, so the 2022 recovery marks a major investment milestone for the past decade,” ECLAC said in the report. Brazil, the region’s biggest economy, took the lion’s share of investments at 41%, while Mexico, the second largest, took 17%. Meanwhile, in a shift from 2021, new projects in fossil fuels and the auto sector surpassed those in renewable energy.

July 12, 2023 01:12 UTC

By Valen Iricibar y Estefania PozzoCustoms has filed legal complaints against five companies for import scams, carrying out 38 raids in banks and businesses today across Buenos Aires and Mar del Plata in which two people were arrested. “I’ll simplify in a very colloquial way: they’re fake importers, sham portfolios which faked SIMIS, the earlier tools we used to import, with sham documentation, sham invoices, sham customs forms to send money abroad without importing anything,” said Guillermo Michel, head of Customs, in a press conference. Today’s official government communiqué mentioned 23 raids but sources close to the matter told the Herald that a total of 38 raids were carried out in banks and companies. The Herald reached out to two other banks who confirmed their involvement but did not want to comment directly on the matter. You may also be interested in: Argentina to start using yuan to pay for imports

July 10, 2023 21:28 UTC





At the inauguration of the Néstor Kirchner gas pipeline, Economy Minister Sergio Massa thanked the private sector companies involved for carrying out the project “properly and on time”. Businesses approve of the work, too: energy sector sources expect greater gas production, with Argentina becoming an important regional actor. Argentina must find a public-private partnership model, which could be mixed works or private works, with the State in the essential role of regulating. Sources in the company say they have just finished two projects in Córdoba that will be key for the “future reversal of the Northern Pipeline”. There is a unanimous view among companies in the hydrocarbon sector, according to Luciano Fucello, country manager at oil and gas company NCS Multistage.

July 10, 2023 20:30 UTC

The literal translation of autogestión would be “self-regulation” or “self-management,” but it’s not just that. It makes us double-take almost every time because it is deceptively simple: espacio político could just be “political space” but then you look at it and go, wait, what exactly is a “political space”? Then go with that or make sure that there is ample background information for “political space” to overcome its ambiguity. Here we use “break your soul” to talk about a grueling effort and sacrifice, often for a cause that matters a lot to you. They got the shot, but we felt that something was lost when translating it to “show of unity.” There’s something subtly catty about “unity photo” that just felt like a shame to omit.

July 09, 2023 21:57 UTC

By Facundo Iglesia and Martina JaureguyThe first of three tranches of the Néstor Kirchner gas pipeline was officially launched today in Salliqueló, Buenos Aires province. “We will no longer import gas in ships because we’ll use the gas in our subsoil,” he said. The pipelineThe 573-kilometer-long pipeline’s path starts at the gas treatment plant in Tratayén, Neuquén, which is located at the heart of the Vaca Muerta shale oil and shale gas deposit. Savings will grow to US$4.2 billion for the whole of 2024, by replacing liquefied natural gas, gas from Bolivia, and liquid fuel imports, while increasing the availability of gas at competitive prices for industry, businesses, and homes. Vaca Muerta is the fourth-largest shale oil reservoir in the world and the second-largest shale gas reservoir.

July 09, 2023 21:57 UTC

As a lifelong fan raised by a football fanatic, Argentine football culture was almost mythic to me growing up. Last Sunday, we attended a Boca Juniors home match against Sarmiento, and it truly lived up to the hype surrounding Argentina football fans. How to get ticketsAs mentioned above, it is incredibly hard as a visitor to get into a Boca game. I instead realized that the Boca fans were whistling at them with a shrillness I didn’t think possible. Although the game itself took a while to pick up with a scoreless first half, if you have a chance to go to a Boca game it’ll be an unforgettable experience.

July 09, 2023 14:17 UTC

There’s also an official world competition with a panel of judges picking a winner from a blind taste test of over 300 samples. Alfajores typically feature a chocolate coating with vanilla cookies and a sweet dulce de leche filling, but each Argentine province has its own take. Mar del Plata, a coastal city in Buenos Aires province, is famous for its beachside chocolate alfajores and is the birthplace of the bougie brand Havanna. The mass-produced alfajor brands found in stores offer the entire spectrum of styles and sweet fillings. A savory chocolate filling with a solid outer layer that does not instantly crumble when touched.

July 08, 2023 17:32 UTC

Financial analysts surveyed in June by Argentina’s Central Bank expect the country’s final 2023 inflation to total 142.4%, 5 points lower than what they forecasted in May. Their expected inflation rate for June is 7.3%. “New information suggesting that monthly inflation moderated even more when compared to May was released last month after REM participants provided their forecasts to the Central Bank,” the REM report said. It’s worth noting that REM participants started the year predicting a 0.5% growth for 2023, a statement made in January before the full impact of the historic drought was entirely known. The REM analysts also expect fixed-term deposits in July and August to surpass inflation and the crawling peg rate.

July 08, 2023 17:32 UTC

A building collapsed on Friday in Brazil’s northeastern state of Pernambuco, leaving at least five dead and eight others missing, civil defense authorities said. The state’s civil defense secretary said that as of 7 p.m. local time on Friday, four people had been rescued alive from the rubble of the building in the Janga neighborhood in the outskirts of state capital Recife. The Pernambuco government said on social media that eight teams had been dispatched to the site after civil defense learned of the collapse at 6:35 a.m. It was unclear what caused the collapse. The city and its metropolitan region were put under “state of attention” on Friday, which represents “moderate to high risk,” the government said.

July 08, 2023 05:48 UTC

The long-distance and inner city bus strike that began Friday at midnight has been lifted, Economy Minister and presidential candidate Sergio Massa announced this afternoon at a press conference. “From 17:30, the strike will be lifted,” Massa said today in the Economy Ministry, joined by Transportation and Labor Ministers Diego Giuliano and Kelly Olmos, as well as Buenos Aires’ Transportation Minister Jorge D’Onofrio and representatives of five transportation unions. The Automobile and Tram Union (UTA, by its Spanish acronym) had called the strike in response to bus companies failing to pay what they said were “agreed salary raises,” according to a press release. The strike affected Greater Buenos Aires, as well as the city of La Plata and five other provinces: Corrientes, Entre Ríos, Santa Fe, Formosa, Misiones, and Tucumán. Earlier today, he called the companies “parasites of the state.”Public transport in Greater Buenos Aires was further complicated due to a surprise 4.30 a.m. strike on the Sarmiento train line, which connects BA city with the capital’s western outskirts.

July 07, 2023 21:16 UTC

Inflation in Argentina’s capital slowed to 7.1% in June from 7.5% in May, according to the city government statistics released on Friday. Food and non-alcoholic drinks influenced inflation the most, due to their weight on the general index, with a 5.8% monthly increase. Consulting firm Ecolatina calculated a 7.2% inflation rate for June in Greater Buenos Aires. For the rest of 2023, they forecast monthly inflation to average above 7%, with the inter-annual figure hitting at least 130% for the year as a whole. The National Institute of Statistics and Census (INDEC, by its Spanish initials) will publish the national inflation rate for June on July 13.

July 07, 2023 20:24 UTC

D.P., short for Deserter Pursuit, was inspired by Kim Bo-Tong’s Lezhin webcomic D.P. Season 2: CastCurrently, we are yet to know if there would be any addition or subtraction to the already existing cast of the series. Hence, we cannot provide the exact official cast list of the next season. Season 2: Release DateMark July 28, 2023, on your calendars for the start of the next season. Season 2: Official TrailerFollowing is the official trailer of D.P.

July 07, 2023 13:42 UTC