In China, Massa secures US$3 billion for infrastructure works
Today, on the last day of his week-long trip to China, Massa spoke about the prospects for the Argentine economy and the three-year currency swap extension in front of executives of the country’s 40 largest companies. “[The swap extension] allows companies from the People’s Republic of China an opportunity to develop an investment flow [to Argentina] based on the yuan,” Massa said. The projectsThe Bank of China (BOC), the China Development Bank (CDB), the China CITIC Bank, the Export–Import Bank of China (Eximbank), and the Industrial and Commercial Bank of China (ICBC) are among the entities that will finance infrastructure works in Argentina. The Roca Railroad project US$ 236 million investment expects to add 200 cars, which will enable the line to be re-equipped to guarantee comfort and passenger improvements. The lithium exploitation project and solar park in Cauchari IV and V, Jujuy, foresees an US$ 250 million investment to be financed by Eximbank.
Source:Bueno Aires Herald
June 04, 2023 07:07 UTC
Fourth seed Elena Rybakina forced to withdraw from French Open due to illness
AdvertisementDue to an upper respiratory illness, world number 4 Elena Rybakina pulled out from her third-round match in the women’s singles draw of the 2023 French Open against Spain’s Sara Sorribes Tormo on Saturday. The statement came only moments before the reigning Wimbledon champion took the court on Saturday. Prior to travelling to London to defend her Wimbledon championship, Rybakina will participate in Berlin and Eastbourne during the grasscourt season. With Rybakina out, Sorribes Tormo advances to the round of 16 through walkover for the first time in her Grand Slam career. She will take on the person who wins the match between Beatriz Haddad Maia and Ekaterina Alexandrova.
Source:The Bubble
June 04, 2023 00:04 UTC
China confirms it will back Argentina’s admission to the BRICS
The chairman of the National People’s Congress of China, Zhao Leji, said his country would support Argentina’s entry into the BRICS —made up of Brazil, Russia, India, China and South Africa—, which will enable the country to receive financial aid, said sources within the Argentine delegation to China. Leji’s statement came in a meeting in Beijing with national Frente de Todos (FdT) deputy and head of the Buenos Aires PJ, Máximo Kirchner, and the head of the Chamber of Deputies, Cecilia Moreau. The president of the BRICS’ New Development Bank (NDB) Dilma Rousseff met recently in China with Economy Minister Sergio Massa, and informed him that the bank’s board of directors formally enabled a vote on Argentina’s admission into the institution for the next meeting. The decision is relevant for Argentina, mostly because joining the bank as a member opens up the possibility of obtaining financial aid. Also present were Camilo Vaca Narvaja, head of the Office of the Presidency and officials from the Argentine embassy in the country.
Source:Bueno Aires Herald
June 03, 2023 20:32 UTC
U-20 Football World Cup: What to expect in the quarterfinals
The FIFA U-20 Football World Cup round of 16 matches ended up following a sports natural selection route if you will, where the better team on the field won in almost every instance. Argentina knocked out of U-20 World Cup. Brazil’s U-20 Men’s Football team. The highest level pairing in the quarterfinals as both teams had strong performances in the previous stages. The World Cup last semifinalist will come out of this game played on Sunday at 6 pm.
Source:Bueno Aires Herald
June 03, 2023 16:24 UTC
Check out 5 Best Heart Health Supplements
AdvertisementIt is obvious that heart health is the most important in the human body, and we don’t need research to back it up—heart problems are the leading cause of death worldwide, taking more than 17.9 million lives annually. So let’s take a look at some best heart health supplements. MagnesiumMagnesium reduces blood pressure by 12 points, according to research. AshwagandhaPeople with high blood pressure are in need of relaxing foods. While they are not always sufficient, supplements containing Ashwagandha help to relax the brain, reduce swelling, drop blood pressure and change the immune system.
Source:The Bubble
June 03, 2023 04:58 UTC
Government expands price agreement program to small stores
The Trade Secretariat yesterday expanded the Precios Justos (Fair Prices) price agreement program to small grocery stores as part of efforts to control soaring inflation, which reached 8.4% in April, the highest in over 20 years. “More than 60% of the consumption of our compatriots takes place” in smaller grocery stores, Trade Secretary Matías Tombolini acknowledged. The new chapter of the program, Precios Justos Barriales (Neighbourhood Fair Prices), seeks to partially address the issue by adding 108 products to grocery stores with a 3.8% maximum monthly increase. The agreement was made with eight wholesalers (Maxiconsumo, Diarco, Yaguar, Vital, Parodi, Makro, Micropack, and Nini), which supply grocery stores. A source at one of the companies who asked to remain anonymous, said that it “adjusts” prices for stores not in the price program because their monthly costs rise by more than they can increase supermarket prices.
Source:Bueno Aires Herald
June 03, 2023 00:11 UTC
What we’re reading: Schweblin’s stories and the theory of relativity
Our desks often resemble a book club, and there’s no better way to distract the whole team than announcing one’s latest read to the room. With that in mind, we’ve decided to share a selection of the most recent with you. – Amy BoothPájaros en la boca y otros cuentos (Mouthful of birds) by Samanta Schweblin (Penguin Random House Grupo Editorial, 2018, 186 pages)A collection of 22 short standalone stories written by Schweblin over the years. – Juan DécimaReality is not what it seems by Carlo Rovelli (Penguin Books, 2017, 253 pages). In this book he explains, in a simple and sometimes poetic way, the theory of relativity.
Source:Bueno Aires Herald
June 02, 2023 22:46 UTC
Argentina renews China swap and doubles the free access amount
Argentina and China renewed their currency swap line today for US$ 19 billion over the next three years, a US$ 1 billion increase on the current deal, which will go directly to bolster the country’s reserves. However, they explained that it uses two interest rates as reference, the Shibor rate and the IMF rate. The agreement was signed by Argentine Central Bank President Miguel Pesce and his Chinese counterpart, Yi Gang, with Argentine Economic Minister Sergio Massa also present. The previous currency swap deal, which had been agreed upon in 2020, was set to expire in August. Until now, Chinese companies had to use intermediates such as purchasing dollars with the Chinese currency or through financial dollar rates like the blue chip swap rate.
Source:Bueno Aires Herald
June 02, 2023 15:31 UTC
Check of 5 best foods for an upset stomach
AdvertisementAn upset stomach is a common problem that you might suffer on a regular basis. Here are some of the best foods for an upset stomach that may help you feel better. RiceBeing a refined grain, white rice can be easy for your body to digest and may thus calm an upset stomach. Additionally, research suggests that drinking white rice water may help in making your stool firm and lessen diarrhoea symptoms. Sweet PotatoesIf you’re wondering what would help with an upset stomach, this is your cue.
Source:The Bubble
June 02, 2023 11:02 UTC
‘We’ll lead with brotherhood’: Dwayne Johnson will return as Luke Hobbs in new Fast and Furious film
AdvertisementIn the post-credits scene from Fast X, Dwayne Johnson’s return as Luke Hobbs in the Fast & Furious series astounded fans and audience. This is because, following his long dispute with Vin Diesel, Johnson stated in 2021 that he would never return to the Fast series. Dwayne Johnson has officially stated that he will reprise his role as Hobbs in the forthcoming Fast & Furious film, FASTX: Part II. Luke Hobbs will be returning to the Fast & Furious franchise. He continued, “The next Fast & Furious film you’ll see the legendary lawman in will be the HOBBS movie that will serve as a fresh, new chapter & set up for FASTX: Part II.”
Source:The Bubble
June 02, 2023 10:55 UTC
BRICS bank to vote on Argentina’s membership
The board of the BRICS-led New Development Bank (NDB) will hold a vote for the incorporation of Argentina in August, the entity’s president Dilma Rousseff told Economy Minister Sergio Massa in Shanghai today. Massa was joined by the head of the Central Bank, Miguel Ángel Pesce, and National Deputy Máximo Kirchner. Rousseff also said that Argentina’s incorporation into the NDB will be expressly put forward and defended by Brazil. Yesterday, Brazilian President Luiz Inácio Lula da Silva said that it would be difficult for Brazil to secure financial support for Argentina via the BRICS bank because of regulations that limit the organization from supporting countries that are not member states. Over the past few years, BRICS members have supported Argentina’s entry into the alliance, including explicit backing from the Chinese government.
Source:Bueno Aires Herald
June 01, 2023 21:25 UTC
Dictatorship “death flight” airplane starts flight home this weekend
According to official sources, the journey is expected to last approximately five days due to the airplane’s short flight range, meaning it would land some time around late next week. “On Saturday, the Short Skyvan aircraft that was used as an instrument of disappearance and death by the dictatorship in the tragically known death flights will depart from the US to Argentina,” Massa wrote. The Skyvan’s journeyThe journey of the airplane will take around five days and make several stopovers due to the airplane’s short flight range, according to ministry sources. It is expected to land in a national airport, at which point the Argentine state will officially take possession of the aircraft. The building later became the ESMA Museum and Site of Memory, which is currently nominated for the UNESCO World Heritage List.
Source:Bueno Aires Herald
June 01, 2023 21:19 UTC
Is Jack Ryan Season 4 Releasing In June 2023?
AdvertisementTom Clancy’s legendary spy Jack Ryan has another mission to carry out before the end of the spy drama’s run on Prime Video. And it’s a quick turnaround for the series, with season 4 planned to air in summer 2023, around 6 months after Jack Ryan season 3. Here’s everything you need to know about Jack Ryan season 4. Jack Ryan Season 4 Release DateThe 4th season of the well-known spy thriller series Jack Ryan will debut on June 30. Jack Ryan Season 4 Expected CastJohn Krasinski as Jack RyanWendell Pierce as James GreerMichael Kelly as Mike NovemberAbby Clancy as Cathy MeullerBetty Gabriel as Elizabeth WrightNew Cast Members
Source:The Bubble
June 01, 2023 17:01 UTC
Check out 5 amazing yoga asanas for healthy lungs
AdvertisementYoga has emerged as a transforming practice that feeds both the body and mind in the quest for a peaceful and healthy life. Yoga is a peaceful yet powerful treatment for people who struggle with shortness of breath. Let’s take a look at 5 great yoga asanas for healthy lungs. Visualise filling your lungs with revitalising air as you inhale and as you exhale, release any tension or stress. In addition to opening up the chest and lungs, the matsyasana also stimulates the throat, increasing oxygen intake and breath control.
Source:The Bubble
June 01, 2023 16:31 UTC
Soybean exporters sell record-high US$1 billion in one day
Soybean exporters liquidated more than US$1 billion today in the third-to-last day of the “agro dollar III,” a US$1-AR$300 preferential exchange rate launched last month. The aim was to boost agricultural exports and strengthen international reserve accumulation in the midst of a historic drought. With the US$1.05 billion liquidated today, the measure has brought in a total of US$5.08 billion since the government kickstarted it. When the government launched the measure, the goal was an inflow of US$ 5 billion from soybean exports. “The initial US$5 billion target only referred to the soybean industry liquidations.
Source:Bueno Aires Herald
May 31, 2023 22:44 UTC