In a country where beef is as much a part of the identity as soccer and mate tea, Argentines now consume less beef than ever. With recession coupled with triple-figure inflation, many are already being forced to pull in their horns.&nbsp;

Beef consumption has dropped almost 16 per cent this year in Argentina — an astounding fall for a country synonymous with steakhouses, sprawling cattle ranches and asado barbecues. In most Argentines' minds, there was simply one food staple: beef. In-built "parrilla" grills can be found in many homes and steakhouses cornering Buenos Aires. Improvised barbecues have been found even at building sites or during protests, which is a testament to how closely the cultural identity has been forged with beef.&nbsp;

"Beef is an essential part of the Argentine diet; it's like eliminating pasta for Italians," Claudia San Martin, 66, a retiree, said as she waited in line outside a butcher shop. The economic jitters notwithstanding, she would continue spending on beef before all other things. "Argentines can eliminate anything, I believe, in difficult times like this. But we can't do without meat," she said emphatically.&nbsp;

However, the latest data shows Argentines are this year eating beef at an average of about 44 kilograms per year, drastically down from more than 52 kilograms last year and far from the 100 kilograms eaten annually in the 1950s. Changing diets that replaced beef with other meats like pork and chicken and cheaper staples such as pasta have been blamed for the long-term decline. But this year's drop is largely due to the close to 300 per cent inflation, with the economy flatlining and harsh austerity measures taken by the libertarian helm of President Javier Milei.&nbsp;

The economic crisis has translated into a spike in poverty, with more homeless sleeping in larger cities' streets and longer lines outside soup kitchens. Many families have had to give up eating staples such as meat, milk and vegetables in recent months, and so far they have failed to see any benefit from slowing monthly inflation. "The situation right now is critical. Consumers are taking decisions thinking just about their wallets," said Miguel Schiariti, the president of the local meat chamber, CICCRA. He expects meat consumption to remain low as purchasing power weakens month by month.&nbsp;

The ranchers of cattle are equally harried in the Buenos Aires province farmlands. The decrease in beef consumption not only stings the ranchers but also trickles down to specific producers and, in turn, the larger agricultural economy. Lower demand for beef has made it hard for ranchers to sustain their operations and their basic livelihood.&nbsp;

Domestic consumption of beef in Argentina is currently at its lowest ever, driven by severe economic conditions. While beef remains dear to Argentine identity, difficult choices are resident because the economic realities have become a reason for bitter decisions by many. Argentina's future as a beef consumer will depend on how well the country can stabilize its economy and regain purchasing power for its people. Until then, empty grills at "parrillas" may be a common sight—a sharp reminder that times have changed in this once beef-loving nation.&nbsp;

In a country where beef is as much a part of the identity as soccer and mate tea, Argentines now consume less beef than ever. With recession coupled with triple-figure inflation, many are already being forced to pull in their horns.

In a country where beef is as much a part of the identity as soccer and mate tea, Argentines now consume less beef than ever. With recession coupled with triple-figure inflation, many are already being forced to pull in their horns. Beef consumption has dropped almost 16 per cent this year in Argentina — an astounding fall for a country synonymous with steakhouses, sprawling cattle ranches and asado barbecues. In most Argentines' minds, there was simply one food staple: beef. In-built "parrilla" grills can be found in many homes and steakhouses cornering Buenos Aires. Improvised barbecues have been found even at building sites or during protests, which is a testament to how closely the cultural identity has been forged with beef. "Beef is an essential part of the Argentine diet; it's like eliminating pasta for Italians," Claudia San Martin, 66, a retiree, said as she waited in line outside a butcher shop. The economic jitters notwithstanding, she would continue spending on beef before all other things. "Argentines can eliminate anything, I believe, in difficult times like this. But we can't do without meat," she said emphatically. However, the latest data shows Argentines are this year eating beef at an average of about 44 kilograms per year, drastically down from more than 52 kilograms last year and far from the 100 kilograms eaten annually in the 1950s. Changing diets that replaced beef with other meats like pork and chicken and cheaper staples such as pasta have been blamed for the long-term decline. But this year's drop is largely due to the close to 300 per cent inflation, with the economy flatlining and harsh austerity measures taken by the libertarian helm of President Javier Milei. The economic crisis has translated into a spike in poverty, with more homeless sleeping in larger cities' streets and longer lines outside soup kitchens. Many families have had to give up eating staples such as meat, milk and vegetables in recent months, and so far they have failed to see any benefit from slowing monthly inflation. "The situation right now is critical. Consumers are taking decisions thinking just about their wallets," said Miguel Schiariti, the president of the local meat chamber, CICCRA. He expects meat consumption to remain low as purchasing power weakens month by month. The ranchers of cattle are equally harried in the Buenos Aires province farmlands. The decrease in beef consumption not only stings the ranchers but also trickles down to specific producers and, in turn, the larger agricultural economy. Lower demand for beef has made it hard for ranchers to sustain their operations and their basic livelihood. Domestic consumption of beef in Argentina is currently at its lowest ever, driven by severe economic conditions. While beef remains dear to Argentine identity, difficult choices are resident because the economic realities have become a reason for bitter decisions by many. Argentina's future as a beef consumer will depend on how well the country can stabilize its economy and regain purchasing power for its people. Until then, empty grills at "parrillas" may be a common sight—a sharp reminder that times have changed in this once beef-loving nation.

Argentina's beef belt tightens

Argentina began their Copa America title defense with a 2-0 win over Canada in Atlanta, Georgia. Argentina captain Lionel Messi did not score but played a crucial role in both goals, which were scored by Julian Alvarez and Lautaro Martinez. With 35 Copa matches under his belt, Messi has become the tournament's most-capped player.

Messi & Argentina begin Copa defence with a 2-0 win over Canada

Buenos Aires was rocked by violent clashes between riot police and protesters outside Argentina's National Congress on the 12th of June. As the Argentine lawmakers debated a swath of liberalizing reforms, hundreds of Argentine riot police fired rubber bullets, teargas & water cannons at demonstrators in a bid to disperse them. The defiant protesters pelted stones, set cars ablaze and threw Molotov cocktails, fearful that the proposed measures will hurt millions of Argentines. The local media described the scene on Wednesday as resembling a battlefield. The President's office too struck a defiant tone, describing the protesters as terrorists attempting to carry out a coup d'etat. Finally, in the early hours of Thursday, Argentine president Javier Milei's controversial economic reform package won Senate approval. Jyotsna Kumar brings you the details.

Argentina: Violent clashes between riot police & protesters

Football megastar Lionel Messi is adored by fans across the world for being one of the greatest to ever play the sport. Messi, originally from Argentina, spent&nbsp;the majority of his formative and playing career in Spain where Spanish is the preferred language. However, since moving to the Major League Soccer (MLS) in the US, Messi has been seen speaking more and more English.&nbsp;

Quizzed during a press conference about his English-speaking skills, Messi admitted that he could speak the language properly but felt 'embarrassed' about it.&nbsp;

“I understand everything, or almost everything in English. But out of embarrassment I don't speak - but I think I can actually," said Messi.&nbsp;

The Inter Miami star was recently seen&nbsp;in a promotional video for the latest Bad Boys film starring Will Smith. Messi showed off his English skills in the video which instantly went viral all across social media.&nbsp;&nbsp;

<a href="https://www.wionews.com/football/lionel-messi-schools-kylian-mbappe-after-new-real-madrid-star-makes-absurd-euro-copa-america-comparison-731402">Also read |&nbsp;Lionel Messi schools Kylian Mbappe after new Real Madrid star makes absurd Euro-Copa America comparison</a>

<h2>Messi jokes in English</h2>

His Inter Miami teammate&nbsp;Julian Gressel also revealed that the eight-time Ballon d'Or winner had a shy demeanour but did speak enough English to joke on the pitch.&nbsp;

“Messi doesn't really ever speak to me much and if he did, then it was a little bit in Spanish always. I understand most of it in Spanish," said Gressel.

"He came over to me and said something in English. That was the first time he'd spoken to me in English, during the game. He was covering his mouth, like he always does. Then after - this is the funny part about it - he goes, 'English pretty good, no?'”

Having reached&nbsp;the pinnacle of his&nbsp;football career in 2022 by winning the FIFA World Cup in Qatar for his country, Messi would now be hoping to say goodbye with one last silverware in the form of Copa America.

The continental competition gets underway on Thursday (Jun 20) with Argentina facing off against Canada at Mercedes-Benz Stadium in Atlanta, Georgia.&nbsp;Argentina are the defending champions, having beaten Brazil in the summit clash in 2021 at the Marcana.&nbsp;

Argentina are the favourites to win the tournament, followed by rivals Brazil and Uruguay. Messi remains the point of difference between the teams and the Argentine would be hoping to emulate his World Cup form yet again.&nbsp;

Football megastar Lionel Messi is adored by fans across the world for being one of the greatest to ever play the sport. Messi, originally from Argentina, spent the majority of his formative and playing career in Spain where Spanish is the preferred language.

Football megastar Lionel Messi is adored by fans across the world for being one of the greatest to ever play the sport. Messi, originally from Argentina, spent the majority of his formative and playing career in Spain where Spanish is the preferred language. However, since moving to the Major League Soccer (MLS) in the US, Messi has been seen speaking more and more English. Quizzed during a press conference about his English-speaking skills, Messi admitted that he could speak the language properly but felt 'embarrassed' about it. “I understand everything, or almost everything in English. But out of embarrassment I don't speak - but I think I can actually," said Messi. The Inter Miami star was recently seen in a promotional video for the latest Bad Boys film starring Will Smith. Messi showed off his English skills in the video which instantly went viral all across social media. Also read | Lionel Messi schools Kylian Mbappe after new Real Madrid star makes absurd Euro-Copa America comparison Messi jokes in English His Inter Miami teammate Julian Gressel also revealed that the eight-time Ballon d'Or winner had a shy demeanour but did speak enough English to joke on the pitch. “Messi doesn't really ever speak to me much and if he did, then it was a little bit in Spanish always. I understand most of it in Spanish," said Gressel. "He came over to me and said something in English. That was the first time he'd spoken to me in English, during the game. He was covering his mouth, like he always does. Then after - this is the funny part about it - he goes, 'English pretty good, no?'” Having reached the pinnacle of his football career in 2022 by winning the FIFA World Cup in Qatar for his country, Messi would now be hoping to say goodbye with one last silverware in the form of Copa America. The continental competition gets underway on Thursday (Jun 20) with Argentina facing off against Canada at Mercedes-Benz Stadium in Atlanta, Georgia. Argentina are the defending champions, having beaten Brazil in the summit clash in 2021 at the Marcana. Argentina are the favourites to win the tournament, followed by rivals Brazil and Uruguay. Messi remains the point of difference between the teams and the Argentine would be hoping to emulate his World Cup form yet again.

Lionel Messi reveals why he doesn't speak English despite 'understanding everything'

Thousands of Argentines took to the streets of Buenos Aires. It was an anti-government march against budget cuts to public universities.

Argentina Protests: Senate passes Milei's reform bill, Individual Measures up next

Why are Argentinians against Milei's reforms

Argentina Senate passes Melei's reform bill, individual measures up next

Argentina: Riots rage outside Argentine Congress | Protesters vs Cops in Buenos Aires

<o:p></o:p>

Argentina's President Javier Milei provided the most detailed outline yet of his administration's plan to dollarize the Argentine economy, reinforcing a key campaign promise. <o:p></o:p>

Speaking at a business event in Buenos Aires, Milei detailed the steps his government will take to transition the country toward a dual-currency system where both the peso and the US dollar are legal tender.<o:p></o:p>

Milei explained that the initial phase involves clearing the central bank’s balance sheet by paying down local liabilities and reforming the financial system. <o:p></o:p>

The peso will be maintained at a flexible exchange rate during this period. <o:p></o:p>

Eventually, the central bank will cease printing pesos, facilitating the US dollar's emergence as the dominant currency. <o:p></o:p>

“The peso will become like a museum piece and when it becomes very rare, what do you think we will do? We will dollarize and that way the peso will disappear,” Milei remarked, emphasising the peso's phased-out role.<o:p></o:p>

Since assuming office on December 10, Milei has aggressively pursued measures to tackle Argentina's severe inflation, which exceeds 100 per cent annually. <o:p></o:p>

His administration has focused on reducing the central bank's liabilities, cutting borrowing rates from 133 per cent to 40 per cent, a major drop intended to curb inflation and stabilise the economy. <o:p></o:p>

This approach aims to shift debt from central bank instruments to more stable treasury notes.<o:p></o:p>

Luis Caputo, Milei’s economic chief, has led efforts to make treasury notes more attractive compared to central bank debt. <o:p></o:p>

This move has already seen a significant migration of debt from one-day notes, known as "pases," to treasury holdings. <o:p></o:p>

This transition is essential for the eventual elimination of the central bank's liabilities, which will precede the lifting of capital controls and the introduction of currency competition.<o:p></o:p>

However, Milei was cautious about setting a specific timeline for lifting capital controls, noting that market conditions would dictate the appropriate moment. <o:p></o:p>

Echoing this sentiment, Caputo, speaking before Milei at the same conference, indicated that removing controls prematurely would be "inappropriate," stressing the need for a stable economic environment before such measures could be safely implemented.<o:p></o:p>

This plan is part of Milei's broader strategy to dismantle Argentina's central bank and stabilise the nation's economy through radical financial reforms. <o:p></o:p>

The steps outlined aim to replace the peso with the US dollar, which Milei and his team believe will bring more stability and reduce inflationary pressures that have long plagued the Argentine economy.<o:p></o:p>

The move toward dollarization represents a significant shift in Argentina’s economic policy, with the potential to reshape the financial landscape and address long-standing economic challenges. <o:p></o:p>

(With inputs from Bloomberg)<o:p></o:p>

Argentina's President Javier Milei provided the most detailed outline yet of his administration's plan to dollarize the Argentine economy, reinforcing a key campaign promise.

Argentina's President Javier Milei provided the most detailed outline yet of his administration's plan to dollarize the Argentine economy, reinforcing a key campaign promise. Speaking at a business event in Buenos Aires, Milei detailed the steps his government will take to transition the country toward a dual-currency system where both the peso and the US dollar are legal tender. Milei explained that the initial phase involves clearing the central bank’s balance sheet by paying down local liabilities and reforming the financial system. The peso will be maintained at a flexible exchange rate during this period. Eventually, the central bank will cease printing pesos, facilitating the US dollar's emergence as the dominant currency. “The peso will become like a museum piece and when it becomes very rare, what do you think we will do? We will dollarize and that way the peso will disappear,” Milei remarked, emphasising the peso's phased-out role. Since assuming office on December 10, Milei has aggressively pursued measures to tackle Argentina's severe inflation, which exceeds 100 per cent annually. His administration has focused on reducing the central bank's liabilities, cutting borrowing rates from 133 per cent to 40 per cent, a major drop intended to curb inflation and stabilise the economy. This approach aims to shift debt from central bank instruments to more stable treasury notes. Luis Caputo, Milei’s economic chief, has led efforts to make treasury notes more attractive compared to central bank debt. This move has already seen a significant migration of debt from one-day notes, known as "pases," to treasury holdings. This transition is essential for the eventual elimination of the central bank's liabilities, which will precede the lifting of capital controls and the introduction of currency competition. However, Milei was cautious about setting a specific timeline for lifting capital controls, noting that market conditions would dictate the appropriate moment. Echoing this sentiment, Caputo, speaking before Milei at the same conference, indicated that removing controls prematurely would be "inappropriate," stressing the need for a stable economic environment before such measures could be safely implemented. This plan is part of Milei's broader strategy to dismantle Argentina's central bank and stabilise the nation's economy through radical financial reforms. The steps outlined aim to replace the peso with the US dollar, which Milei and his team believe will bring more stability and reduce inflationary pressures that have long plagued the Argentine economy. The move toward dollarization represents a significant shift in Argentina’s economic policy, with the potential to reshape the financial landscape and address long-standing economic challenges. (With inputs from Bloomberg)

Argentina's Milei outlines detailed path to dollarization. Here are the details

Spain recalled its ambassador to Buenos Aires for consultations on Sunday after Argentina's President Javier Milei made derogatory comments about Spanish Prime Minister Pedro Sanchez's wife during a far-right rally in Madrid.

Milei had called Sanchez's wife Begona Gomez "corrupt" during a rally in Madrid organised by the far-right Vox party and attended by many of its international allies.

Spanish Foreign Minister Jose Manuel Albares said he expected an apology from Milei.

Other ministers also condemned Milei's speech, in which he described socialism as "cursed and carcinogenic". Sanchez leads Spain's Socialist Party.

"With his behaviour, Milei has brought the relationship between Spain and Argentina to its most serious state in recent history," Albares said in a video statement.

Also Read |&nbsp;<a href="https://www.wionews.com/world/hossein-amir-abdollahian-irans-fm-who-was-once-described-another-qassem-suleimani-dies-in-copter-crash-723337">Hossein Amir-Abdollahian: Iran's FM who was once described "another Qassem Suleimani" dies in copter crash</a>

Milei would not apologize, his spokesperson said in an interview with an Argentine TV channel later Sunday. Spanish officials should retract insults they have made against him, he added.

Milei's visit broke with diplomatic protocol as he refused to meet Spain's King Felipe and Sanchez, instead preferring to promote his book alongside Vox leader Santiago Abascal at the party rally.

The European Union's foreign policy chief, Josep Borrell, said in a post on social messaging app X that "attacks against family members of political leaders have no place in our culture".

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Spain's main opposition party, the conservative People's Party (PP), refused to support Madrid's stance, with party sources saying that Sanchez should have provided explanations about the alleged corruption case weeks ago.

"His silence generates internal doubts, but also distrust abroad," a PP source said, adding that the party's job was to oppose the Spanish government and not Milei.

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A city court said in April it was looking into accusations of influence peddling and business corruption against Sanchez's wife, brought in a private complaint by Manos Limpias, or Clean Hands, an anti-corruption activist group.

However, Madrid's prosecuting authority later said it was appealing to have the case thrown out for lack of evidence. Sanchez decided to stay in office after five days of weighing his future once the probe against his wife was announced.

Spain recalled its ambassador to Buenos Aires for consultations on Sunday after Argentina's President Javier Milei made derogatory comments about Spanish Prime Minister Pedro Sanchez's wife during a far-right rally in Madrid.

Spain recalled its ambassador to Buenos Aires for consultations on Sunday after Argentina's President Javier Milei made derogatory comments about Spanish Prime Minister Pedro Sanchez's wife during a far-right rally in Madrid. Milei had called Sanchez's wife Begona Gomez "corrupt" during a rally in Madrid organised by the far-right Vox party and attended by many of its international allies. Spanish Foreign Minister Jose Manuel Albares said he expected an apology from Milei. Other ministers also condemned Milei's speech, in which he described socialism as "cursed and carcinogenic". Sanchez leads Spain's Socialist Party. "With his behaviour, Milei has brought the relationship between Spain and Argentina to its most serious state in recent history," Albares said in a video statement. Also Read | Hossein Amir-Abdollahian: Iran's FM who was once described "another Qassem Suleimani" dies in copter crash Milei would not apologize, his spokesperson said in an interview with an Argentine TV channel later Sunday. Spanish officials should retract insults they have made against him, he added. Milei's visit broke with diplomatic protocol as he refused to meet Spain's King Felipe and Sanchez, instead preferring to promote his book alongside Vox leader Santiago Abascal at the party rally. The European Union's foreign policy chief, Josep Borrell, said in a post on social messaging app X that "attacks against family members of political leaders have no place in our culture". Also Read | Japan's 10-year bond yield surges amid BOJ rate speculation Spain's main opposition party, the conservative People's Party (PP), refused to support Madrid's stance, with party sources saying that Sanchez should have provided explanations about the alleged corruption case weeks ago. "His silence generates internal doubts, but also distrust abroad," a PP source said, adding that the party's job was to oppose the Spanish government and not Milei. Watch | Lai Ching-te inaugurated as Taiwan's new president × A city court said in April it was looking into accusations of influence peddling and business corruption against Sanchez's wife, brought in a private complaint by Manos Limpias, or Clean Hands, an anti-corruption activist group. However, Madrid's prosecuting authority later said it was appealing to have the case thrown out for lack of evidence. Sanchez decided to stay in office after five days of weighing his future once the probe against his wife was announced.

Spain recalls envoy after Argentina president calls PM's wife 'corrupt'

Argentina has reduced its benchmark interest rate for the sixth time under President Javier Milei, reflecting confidence in the country's slowing inflation and a strategy to shrink the central bank’s debt-laden balance sheet. <o:p></o:p>

According to Bloomberg News, the central bank announced on Tuesday that the key rate was lowered from 50 per cent to 40 per cent, continuing a downward trend from a peak of 133 per cent last December.<o:p></o:p>

Since Milei took office on December 10, Argentina’s monthly inflation has shown signs of easing, dropping to 8.8 per cent in April from a 26 per cent in December. <o:p></o:p>

Milei's economic team projects that consumer price increases will further decline to 3.8 per cent by September, a forecast more optimistic than the 5.8 per cent anticipated by analysts in a central bank survey.<o:p></o:p>

Despite these monthly improvements, Argentina’s annual inflation rate remains alarmingly high at 289.4 per cent as of April, marking the highest level in nearly three decades. <o:p></o:p>

This persistent inflationary pressure underscores the complexity of the economic challenges facing Milei’s administration.<o:p></o:p>

The latest rate cut follows the International Monetary Fund’s (IMF) staff approval of the eighth review of Argentina’s $44 billion financial program. <o:p></o:p>

If endorsed by the IMF’s executive board, this approval would provide Argentina with approximately $800 million to help meet its debt obligations to the IMF.<o:p></o:p>

Milei’s approach to monetary policy contrasts with the IMF’s typical advice, which generally advocates for maintaining real positive interest rates. <o:p></o:p>

However, Argentine officials argue that reducing borrowing costs will enable the central bank to manage its balance sheet more effectively by absorbing excess liquidity. <o:p></o:p>

This step is seen as crucial before the eventual lifting of capital controls.<o:p></o:p>

(With inputs from Bloomberg)<o:p></o:p>

Argentina has reduced its benchmark interest rate for the sixth time under President Javier Milei, reflecting confidence in the country's slowing inflation and a strategy to shrink the central bank’s debt-laden balance sheet.

Argentina has reduced its benchmark interest rate for the sixth time under President Javier Milei, reflecting confidence in the country's slowing inflation and a strategy to shrink the central bank’s debt-laden balance sheet. According to Bloomberg News, the central bank announced on Tuesday that the key rate was lowered from 50 per cent to 40 per cent, continuing a downward trend from a peak of 133 per cent last December. Since Milei took office on December 10, Argentina’s monthly inflation has shown signs of easing, dropping to 8.8 per cent in April from a 26 per cent in December. Milei's economic team projects that consumer price increases will further decline to 3.8 per cent by September, a forecast more optimistic than the 5.8 per cent anticipated by analysts in a central bank survey. Despite these monthly improvements, Argentina’s annual inflation rate remains alarmingly high at 289.4 per cent as of April, marking the highest level in nearly three decades. This persistent inflationary pressure underscores the complexity of the economic challenges facing Milei’s administration. The latest rate cut follows the International Monetary Fund’s (IMF) staff approval of the eighth review of Argentina’s $44 billion financial program. If endorsed by the IMF’s executive board, this approval would provide Argentina with approximately $800 million to help meet its debt obligations to the IMF. Milei’s approach to monetary policy contrasts with the IMF’s typical advice, which generally advocates for maintaining real positive interest rates. However, Argentine officials argue that reducing borrowing costs will enable the central bank to manage its balance sheet more effectively by absorbing excess liquidity. This step is seen as crucial before the eventual lifting of capital controls. (With inputs from Bloomberg)

Argentina slashes interest rates to 40 per cent amid slowing inflation

A passenger train crashed into a maintenance train in Buenos Aires on Friday, leaving at least 30 people hospitalised, two of whom were in serious condition, emergency officials said.

The SAME emergency service said that firefighters had evacuated everyone on the passenger train after the accident in the suburb of Palermo.

"There are no fatalities. Dogs have combed through the wagons. We assisted 90 passengers, 30 of whom were transferred to hospitals, two of them with head trauma who were evacuated by helicopter," said SAME official Alberto Crescenti, speaking at the scene.

The accident took place at 10.30 am local time, when the urban train crashed into a maintenance train that, for unknown reasons, was stopped on the tracks.

"For now there is not enough information about the mechanics of the accident," said Buenos Aires Mayor Jorge Macri, also on the scene.

A passenger train crashed into a maintenance train in Buenos Aires on Friday, leaving at least 30 people hospitalised, two of whom were in serious condition, emergency officials said.

A passenger train crashed into a maintenance train in Buenos Aires on Friday, leaving at least 30 people hospitalised, two of whom were in serious condition, emergency officials said. The SAME emergency service said that firefighters had evacuated everyone on the passenger train after the accident in the suburb of Palermo. "There are no fatalities. Dogs have combed through the wagons. We assisted 90 passengers, 30 of whom were transferred to hospitals, two of them with head trauma who were evacuated by helicopter," said SAME official Alberto Crescenti, speaking at the scene. The accident took place at 10.30 am local time, when the urban train crashed into a maintenance train that, for unknown reasons, was stopped on the tracks. "For now there is not enough information about the mechanics of the accident," said Buenos Aires Mayor Jorge Macri, also on the scene.

Train crash in Argentine capital leaves 30 injured

Argentina is grappling with the world's highest inflation rate. To cope, the country's central bank just launched its biggest banknote ever – the 10,000 Peso bill. This is five times larger than the previous top denomination.

Argentina issues 10,000 Peso bill to combat world's highest inflation

The napkin upon which Lionel Messi signed his first-ever unofficial Barcelona contract is up for sale and the bidding has started at a whopping price of $275,000.

The napkin upon which Lionel Messi signed his first-ever unofficial Barcelona contract is up for sale and the bidding has started at a whopping price of $275,000. The world-famous napkin and its lore has been shared numerous times throughout the years but collectors now have the opportunity to get their hands on the extraordinary piece of history. London-based auction house Bonhams has started the bidding which will run until May 17. Experts are of the view that the napkin might fetch anywhere between $375,000 to $625,000. What is the story behind the napkin? Lionel Messi was born in 1987 into a working-class family in Rosario, about 300 kilometres north of Buenos Aires. Barcelona spotted Messi when he was just 13 and recognised that he had the qualities to become an all-timer. However, not everyone in the upper hierarchy of the club was convinced of signing an unknown South American kid. They kept dragging the deal, which made Messi's father impatient. On 14 December 2000, a fateful meeting occurred between Carles Rexach, Barca's sporting director, and agents Josep Minguella and Horacio Gaggioli at the Barcelona tennis club. Also read | Lionel Messi magic hits MLS as Inter Miami crush New York Red Bulls in marathon win Rexach confirmed the club's interest by reaching out for the napkin and writing on it with blue ink, what would become an iconic piece of football memorabilia. "In Barcelona, on December 14, 2000, and in the presence of the gentleman (the agent, Josep Maria) Minguella and Horacio (Gaggioli), Carles Rexach, technical secretary of FCB, commits under his responsibility, despite the opinion of others who are against signing Lionel Messi, as long as the agreed fees are maintained." Gaggioli held on the piece for almost 25 years until deciding to sell it. Messi's formal contract was drawn up later, but this napkin was the springboard to greatness for FC Barcelona. The signing of the contract changed not only the fortunes of Barcelona Football Club but also the footballing landscape as Messi would go on to sweep as many as eight Ballon d'Or's and win one of most memorable World Cups in recent memory. Also read | Lionel Messi called ‘possessed dwarf’ with the face of ‘devil’ by Monterrey coach Where is Messi currently? Messi is currently plying his trade in the Major League Soccer (MLS) where he is enjoying his football, away from the rigours of European football. However, the Argentine will be gearing up for the Copa America, scheduled to start next month where he will be defending his crown. Argentina won 2021 Copa America by beating Brazil at the Maracana, which would propel Messi to do the unthinkable on the world stage, two years later in Qatar. (With inputs from agencies)

Napkin on which Lionel Messi signed his Barcelona contract goes under the hammer. To be sold for...

Argentina has a new largest banknote, the 10,000 peso, which is five times the size of the previous top bill but still only worth around $10 as the South American country grapples with the world's highest inflation rate that is nearing 300 per cent.

The embattled country's central bank launched the new note on Tuesday, which it said will be rolled out gradually and features independence icons Manuel Belgrano and Maria Remedios del Valle, who were featured on previous smaller bills.

The bank said that the 10,000 peso note, along with an even larger 20,000 peso bill that would come into circulation near the end of the year, would "facilitate transactions between users", simplify financial system logistics and cut costs.

Argentina's triple-digit inflation and steadily depreciating peso currency has over years drained the value of the local tender, leading to a situation where people often carry huge stacks of cash with them to cover costs.

The current top 2,000 peso bill is worth just over $2 at the official exchange rate, far less valuable than the largest note in countries around the region and beyond. The 10,000 note is worth $11 at the official rate but just $9 at freely-accessible parallel rates used to get around strict capital controls.

New libertarian President Javier Milei, who took office in December, is trying to clean up an economic crisis he inherited after years of failure by governments on the left and right to stabilize the grains producing country's financial position.

His tough austerity measures and cost-cutting have helped lower monthly price rises faster than anticipated, even as annual inflation remains sky-high. That's let the central bank cut interest rates significantly over recent months.

Argentina has a new largest banknote, the 10,000 peso, which is five times the size of the previous top bill but still only worth around $10 as the South American country grapples with the world's highest inflation rate that is nearing 300 per cent.

Argentina has a new largest banknote, the 10,000 peso, which is five times the size of the previous top bill but still only worth around $10 as the South American country grapples with the world's highest inflation rate that is nearing 300 per cent. The embattled country's central bank launched the new note on Tuesday, which it said will be rolled out gradually and features independence icons Manuel Belgrano and Maria Remedios del Valle, who were featured on previous smaller bills. The bank said that the 10,000 peso note, along with an even larger 20,000 peso bill that would come into circulation near the end of the year, would "facilitate transactions between users", simplify financial system logistics and cut costs. Argentina's triple-digit inflation and steadily depreciating peso currency has over years drained the value of the local tender, leading to a situation where people often carry huge stacks of cash with them to cover costs. The current top 2,000 peso bill is worth just over $2 at the official exchange rate, far less valuable than the largest note in countries around the region and beyond. The 10,000 note is worth $11 at the official rate but just $9 at freely-accessible parallel rates used to get around strict capital controls. New libertarian President Javier Milei, who took office in December, is trying to clean up an economic crisis he inherited after years of failure by governments on the left and right to stabilize the grains producing country's financial position. His tough austerity measures and cost-cutting have helped lower monthly price rises faster than anticipated, even as annual inflation remains sky-high. That's let the central bank cut interest rates significantly over recent months.

Argentina launches biggest banknote of 10,000 peso worth only $10

Argentina corn farmers had high hopes for this season’s harvest after the end of years of drought. A record crop would also bode well for president Javier Milei’s plan to turn around the nation’s embattled economy. But the corn farmers now have a new enemy- leafhoppers. And the culprit for the growth of these leafhoppers is global warming...

Argentina: Leafhopper bug plagues corn fields in country

Argentina: Thousands on streets after anger over budget cuts in public education

Iran on Wednesday (Apr 24) rejected Argentina's request to arrest Iranian Interior Minister Ahmad Vahidi over his alleged involvement in the 1994 bombing of a Jewish community centre in Buenos Aires that killed 85 people and injured over 300 others.

Iran on Wednesday (Apr 24) rejected Argentina's request to arrest Iranian Interior Minister Ahmad Vahidi over his alleged involvement in the 1994 bombing of a Jewish community centre in Buenos Aires that killed 85 people and injured over 300 others. Argentina had sought Vahidi's arrest in recent weeks and it escalated efforts to condemn Iran and its overseas militant network for the alleged involvement in the bombing, a report by the news agency Associated Press said. Without mentioning Vahidi's name, Iran's foreign ministry on Wednesday warned Argentina against making baseless accusations against citizens of other countries. On Tuesday, Argentina demanded that Pakistan should act on an Interpol red notice to arrest Vahidi during an official visit to Islamabad. Also read | Argentina's new President Milei to dismiss 70,000 government employees On Wednesday, the Iranian interior minister cut short his government trip to Southeast Asia, making an unexpected return to Tehran. Vahidi is wanted by the Interpol. Iran plotted the 1994 bombing: Argentina court Till now, no one has been convicted for the 1994 bombing. However, earlier this month, Argentina's highest criminal court ruled that Iran plotted the bombing. Judges had singled out three former Iranian officials for their involvement in the Jewish community centre attack, including Vahidi who at the time led the Revolutionary Guard’s expeditionary Quds Force. The court also said Tehran was behind the 1992 bombing of the Israeli embassy in Buenos Aires that killed 29 people. Also watch | Argentina: Thousands on streets after anger over budget cuts in public education × Both these decisions were hailed by Israel. Iranian Foreign Ministry spokesperson Nasser Kanani urged Argentina “not to be influenced by those who are enemies of our bilateral relations.” Iran has repeatedly denied any connection to the 1994 bombing. Argentina requests Vahidi's extradition On Tuesday, Argentina said it had coordinated with diplomats in Pakistan and India to request Vahidi’s detention and extradition to Buenos Aires. “They continue to hold positions of power with total impunity,” a government statement said. Hitting back, Kanani accused Argentina of making “illegal and false requests” to defame Iran. (With inputs from agencies)

1994 Jewish centre bombing: Iran rejects Argentina's request to arrest minister Ahmad Vahidi

Argentina’s President Javier Milei in a televised address from the presidential palace in Buenos Aires, announced the country’s first quarterly fiscal surplus since 2008, Bloomberg News reported.<o:p></o:p>

While economic challenges continue, Milei said that he would continue to maintain fiscal discipline, saying that the surplus marks a crucial moment in Argentina's pursuit of prosperity. <o:p></o:p>

"The fiscal surplus is the cornerstone from which we are building a new era of prosperity in Argentina," Bloomberg quoted Milei as saying.<o:p></o:p>

According to him, Argentina recorded a quarterly fiscal surplus equivalent to 0.2 per cent of gross domestic product (GDP) at the outset of the year, accompanied by a third consecutive monthly surplus in March. <o:p></o:p>

The announcement sparked optimism among investors, with Argentina bonds seeing a surge in value, driving gains across emerging markets. <o:p></o:p>

According to Bloomberg, Diego Ferro, the founder of M2M Capital in New York, lauded Argentina as a favourable investment opportunity following Milei's address, attributing the positive market response to the country's fiscal achievements. <o:p></o:p>

However, Ferro cautioned that continued structural reforms are essential to ensure the permanence of Argentina's fiscal stability, warning against reliance on short-term measures. <o:p></o:p>

Milei attributed Argentina's rare fiscal surplus to strict measures implemented by his administration, including heavy cuts to transfers to provincial governments and a major reduction in public works expenditure. <o:p></o:p>

The government also adopted cost-cutting measures while inflation rates increased, allowing nearly 300 per cent annual inflation to erode real public spending on wages and pensions. <o:p></o:p>

While Milei's approach has yielded positive fiscal outcomes, Adriana Dupita, deputy chief emerging markets economist with Bloomberg Economics, raised concerns about the sustainability of the strategy. <o:p></o:p>

Dupita highlighted the adverse impact of inflation on public sector salaries and pensions, cautioning against the prolonged erosion of purchasing power.<o:p></o:p>

Since assuming office, Milei has embarked on a series of bold economic reforms to revive&nbsp;Argentina's economy. <o:p></o:p>

These reforms include currency devaluation, restructuring of government ministries, deregulation of prices, and gradual reduction of energy and transport subsidies. <o:p></o:p>

These measures have contributed to a gradual slowdown in monthly inflation rates, marking initial progress towards stabilising the economy. <o:p></o:p>

In his televised address, Milei assured Argentines that their sacrifices would yield tangible benefits, promising a future characterised by reduced tax burdens and enhanced economic prosperity.<o:p></o:p>

As Argentina celebrates its first quarterly fiscal surplus in over a decade, Milei's administration faces mounting pressure to sustain momentum and implement long-term structural reforms. <o:p></o:p>

(With inputs from Bloomberg)<o:p></o:p>

Argentina’s President Javier Milei in a televised address from the presidential palace in Buenos Aires, announced the country’s first quarterly fiscal surplus since 2008, Bloomberg News reported.

Argentina’s President Javier Milei in a televised address from the presidential palace in Buenos Aires, announced the country’s first quarterly fiscal surplus since 2008, Bloomberg News reported. While economic challenges continue, Milei said that he would continue to maintain fiscal discipline, saying that the surplus marks a crucial moment in Argentina's pursuit of prosperity. "The fiscal surplus is the cornerstone from which we are building a new era of prosperity in Argentina," Bloomberg quoted Milei as saying. According to him, Argentina recorded a quarterly fiscal surplus equivalent to 0.2 per cent of gross domestic product (GDP) at the outset of the year, accompanied by a third consecutive monthly surplus in March. The announcement sparked optimism among investors, with Argentina bonds seeing a surge in value, driving gains across emerging markets. According to Bloomberg, Diego Ferro, the founder of M2M Capital in New York, lauded Argentina as a favourable investment opportunity following Milei's address, attributing the positive market response to the country's fiscal achievements. However, Ferro cautioned that continued structural reforms are essential to ensure the permanence of Argentina's fiscal stability, warning against reliance on short-term measures. Milei attributed Argentina's rare fiscal surplus to strict measures implemented by his administration, including heavy cuts to transfers to provincial governments and a major reduction in public works expenditure. The government also adopted cost-cutting measures while inflation rates increased, allowing nearly 300 per cent annual inflation to erode real public spending on wages and pensions. While Milei's approach has yielded positive fiscal outcomes, Adriana Dupita, deputy chief emerging markets economist with Bloomberg Economics, raised concerns about the sustainability of the strategy. Dupita highlighted the adverse impact of inflation on public sector salaries and pensions, cautioning against the prolonged erosion of purchasing power. Since assuming office, Milei has embarked on a series of bold economic reforms to revive Argentina's economy. These reforms include currency devaluation, restructuring of government ministries, deregulation of prices, and gradual reduction of energy and transport subsidies. These measures have contributed to a gradual slowdown in monthly inflation rates, marking initial progress towards stabilising the economy. In his televised address, Milei assured Argentines that their sacrifices would yield tangible benefits, promising a future characterised by reduced tax burdens and enhanced economic prosperity. As Argentina celebrates its first quarterly fiscal surplus in over a decade, Milei's administration faces mounting pressure to sustain momentum and implement long-term structural reforms. (With inputs from Bloomberg)

Argentina celebrates its first quarterly budget surplus, President Milei promises continued fiscal discipline

Hindu deity Shiva 'the destroyer' has inspired the name of a titan dinosaur that roamed Argentina more than 90 million years ago. A fossil of the colossal creature named Bustingorrytitan Shiva was discovered late last year in western Argentina.

This newly discovered dinosaur, B. Shiva, is among the largest sauropods, and as per a study published December 18, 2023, in the journal Acta Palaeontologica Polonica, stretched an impressive 98 feet (29.87 metres) in length and is thought to have weighed about 74 tonnes.

This is what it looked like:

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<h2>Mega-Titanosaurs</h2>

Found in the North Patagonia region of southern South America, the discovery of B. shiva adds to the family of "megatitanosaurs"– enormous titanosaurs that exceeded 55 tonnes (50 metric tons). This finding indicates that such giant sauropods evolved separately within their lineage titanosaurs, said the study lead author María Edith Simón, a palaeontologist who ran the B. shiva excavation.

Also read |&nbsp;<a href="https://www.wionews.com/science/scientists-believe-uranus-and-neptune-are-ice-giants-but-a-new-study-hints-at-something-else-712635">Scientists believe Uranus and Neptune are 'ice giants,' but a new study hints at something else</a>

The remains of B. shiva were initially unearthed by a local farmer named Manuel Bustingorry in 2000, and subsequent excavations led by palaeontologist María Edith Simón have revealed at least four individual dinosaurs from this species.&nbsp;

These include a relatively complete skeleton alongside three other partial specimens, all dating back to the Huincul Formation, the same geological formation where the famous Argentinosaurus was discovered.

<h2>Bustingorrytitan Shiva</h2>

Unlike other known sauropods, B. shiva exhibits unique characteristics such as distinctively shaped crests on the humerus and femur, reports Live Science.&nbsp;

This differentiation suggests the presence of at least two gigantic titanosaur lineages — B. Shiva's saltasauroids and Argentinosaurus' lognkosaurs — coexisting in North Patagonia during the middle of the Cretaceous period(145 million to 66 million years ago).

Also read |&nbsp;<a href="https://www.wionews.com/science/when-small-dinosaurs-roamed-earth-scientists-discover-smallest-ever-titanosaur-species-712164">A 6-foot-tall dinosaur? Smallest-ever Titanosaurs to have walked the Earth discovered in Argentina</a>

"Ecologically, each of the sauropods were distinct from one another, with different teeth, heads and bodies," Simón told Live Science.&nbsp;

"This shows that they were all able to find a form where they could live without competing with one another."

The name "Bustingorrytitan" combines the surname of the farmer who found the fossils with "titan," a nod to the giants of Greek mythology.&nbsp;The species name "Shiva" as per&nbsp;Simón, references the supreme deity of Shaivism, who destroys and transforms the universe. &nbsp;

The cretaceous period, as per the study, saw the extinction of certain dinosaur groups such as early diplodocoid sauropods and certain titanosaurs and the rise of others, with B. Shiva's lineage surviving until the end of the Cretaceous period.

(With inputs from agencies)

Hindu deity Shiva 'the destroyer' has inspired the name of a titan dinosaur that roamed Argentina more than 90 million years ago. A fossil of the colossal creature named Bustingorrytitan Shiva was discovered late last year in western Argentina.

Hindu deity Shiva 'the destroyer' has inspired the name of a titan dinosaur that roamed Argentina more than 90 million years ago. A fossil of the colossal creature named Bustingorrytitan Shiva was discovered late last year in western Argentina. This newly discovered dinosaur, B. Shiva, is among the largest sauropods, and as per a study published December 18, 2023, in the journal Acta Palaeontologica Polonica, stretched an impressive 98 feet (29.87 metres) in length and is thought to have weighed about 74 tonnes. This is what it looked like: × Mega-Titanosaurs Found in the North Patagonia region of southern South America, the discovery of B. shiva adds to the family of "megatitanosaurs"– enormous titanosaurs that exceeded 55 tonnes (50 metric tons). This finding indicates that such giant sauropods evolved separately within their lineage titanosaurs, said the study lead author María Edith Simón, a palaeontologist who ran the B. shiva excavation. Also read | Scientists believe Uranus and Neptune are 'ice giants,' but a new study hints at something else The remains of B. shiva were initially unearthed by a local farmer named Manuel Bustingorry in 2000, and subsequent excavations led by palaeontologist María Edith Simón have revealed at least four individual dinosaurs from this species. These include a relatively complete skeleton alongside three other partial specimens, all dating back to the Huincul Formation, the same geological formation where the famous Argentinosaurus was discovered. Bustingorrytitan Shiva Unlike other known sauropods, B. shiva exhibits unique characteristics such as distinctively shaped crests on the humerus and femur, reports Live Science. This differentiation suggests the presence of at least two gigantic titanosaur lineages — B. Shiva's saltasauroids and Argentinosaurus' lognkosaurs — coexisting in North Patagonia during the middle of the Cretaceous period(145 million to 66 million years ago). Also read | A 6-foot-tall dinosaur? Smallest-ever Titanosaurs to have walked the Earth discovered in Argentina "Ecologically, each of the sauropods were distinct from one another, with different teeth, heads and bodies," Simón told Live Science. "This shows that they were all able to find a form where they could live without competing with one another." The name "Bustingorrytitan" combines the surname of the farmer who found the fossils with "titan," a nod to the giants of Greek mythology. The species name "Shiva" as per Simón, references the supreme deity of Shaivism, who destroys and transforms the universe. The cretaceous period, as per the study, saw the extinction of certain dinosaur groups such as early diplodocoid sauropods and certain titanosaurs and the rise of others, with B. Shiva's lineage surviving until the end of the Cretaceous period. (With inputs from agencies)

Megatitanosaur 'Shiva the destroyer' discovered in Argentina. This is what it looked like. Watch!

Argentina's libertarian president Javier Milei met billionaire Elon Musk on Friday. Visuals of their meeting has taken over the internet. The two men, often considered likeminded, met in Texas, home to the tycoon's Tesla electric car company.

Argentina president Javier Milei meets Elon Musk in Texas

Argentina’s central bank has cut its interest rate for the third time since president Javier Milei took office. Policymakers have lowered rates to 70% from 80%. Borrowing costs have fallen from 133% in December last year, when Milei took office.

Argentina's central bank lowers rates from 80% to 70%

Argentine President Javier Milei announced plans to dismiss 70,000 government employees in the coming months, showcasing his chainsaw-style approach to radically reduce the size of the state, according to&nbsp;Bloomberg report.

Milei boasted at an event that he's frozen public works, cut off some funding to regional governments and terminated more than 200,000 social welfare plans, which he labeled as corrupt.

It is all part of his planning to reach a fiscal balance at any cost this year, as per reports.

Also read:&nbsp;<a href="https://www.wionews.com/world/sam-bankman-fried-jailed-for-20-years-for-8bn-theft-from-ftx-customers-705307">Sam Bankman-Fried jailed for 25 years for $8bn theft from FTX customers</a>

"There's a lot of blender," Milei said in an speech at the IEFA Latam Forum in Buenos Aires, referring to the wearing down of wages and pensions by 276 per cent annual inflation. "There's a lot more chainsaw."

Milei's job cuts may put his high support ratings in jeopardy, even if they only affect a small portion of Argentina's 3.5 million public sector workers. The country's strong labour unions will undoubtedly oppose them.&nbsp;

Also read:&nbsp;<a href="https://www.wionews.com/world/biden-fundraiser-with-obama-and-clinton-could-set-a-record-by-raising-25-million-705259">Biden fundraiser with Obama and Clinton could 'set a record' by raising $25 million</a>

A government investigation revealed that after he took office in December, workers in the private sector had the biggest one-month wage reduction in at least three decades. Meanwhile, one union that represents certain government employees went on strike on Tuesday.

The leader of the state workers union ATE quickly shot back on X, announcing a national strike without providing further details.

Also read:&nbsp;<a href="https://www.wionews.com/world/moscow-concert-hall-attack-two-suspects-appeal-pre-trial-detention-says-reports-705258">Moscow concert hall attack: Two suspects reportedly appeal pre-trial detention</a>

Milei cited polls showing Argentines are more optimistic about the economy's future, while a recent indicator of the public confidence in the government rose despite his austerity measures.

"People have hope, they're seeing the light at the end of the tunnel," said Milei.

(With inputs from agencies)

Argentine President Javier Milei announced plans to dismiss 70,000 government employees in the coming months, showcasing his chainsaw-style approach to radically reduce the size of the state, according to Bloomberg report.

Argentine President Javier Milei announced plans to dismiss 70,000 government employees in the coming months, showcasing his chainsaw-style approach to radically reduce the size of the state, according to Bloomberg report. Milei boasted at an event that he's frozen public works, cut off some funding to regional governments and terminated more than 200,000 social welfare plans, which he labeled as corrupt. It is all part of his planning to reach a fiscal balance at any cost this year, as per reports. Also read: Sam Bankman-Fried jailed for 25 years for $8bn theft from FTX customers "There's a lot of blender," Milei said in an speech at the IEFA Latam Forum in Buenos Aires, referring to the wearing down of wages and pensions by 276 per cent annual inflation. "There's a lot more chainsaw." Milei's job cuts may put his high support ratings in jeopardy, even if they only affect a small portion of Argentina's 3.5 million public sector workers. The country's strong labour unions will undoubtedly oppose them. Also read: Biden fundraiser with Obama and Clinton could 'set a record' by raising $25 million A government investigation revealed that after he took office in December, workers in the private sector had the biggest one-month wage reduction in at least three decades. Meanwhile, one union that represents certain government employees went on strike on Tuesday. The leader of the state workers union ATE quickly shot back on X, announcing a national strike without providing further details. Also read: Moscow concert hall attack: Two suspects reportedly appeal pre-trial detention Milei cited polls showing Argentines are more optimistic about the economy's future, while a recent indicator of the public confidence in the government rose despite his austerity measures. "People have hope, they're seeing the light at the end of the tunnel," said Milei. (With inputs from agencies)

Argentina's new President Milei to dismiss 70,000 government employees

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