Argentina’s child poverty rate on track to hit 70 per cent, UNICEF warns
Buenos Aires, Argentina Reuters Argentina’s child poverty rate could hit 70% in the first quarter of the year unless there is a change in course, UNICEF warned in a report on Tuesday, reflecting how high inflation, weakening growth and austerity is hitting the country hard. In a report, the UN Children’s Fund said the poverty […]
Postcards: As Argentina food prices soar, more people scavenge to survive
MIGUEL LO BIANCO, of Reuters, reports from Buenos Aires…
Australia PM considers extra inflation relief as families struggle
Sydney, AustraliaReuters Australia Prime Minister Anthony Albanese said on Wednesday his centre-left government would consider new cost-of-living relief measures ahead of the May budget but without stoking inflation. Australian households are under broad financial pressure from high inflation, which spiked as high as 7.8 per cent in December, 2022, before slowing to 5.4 per cent […]
Argentine President Milei warns economic shock unavoidable in maiden speech
Buenos Aires, ArgentinaReuters Argentina libertarian economist Javier Milei took office on Sunday warning in his maiden speech that he had no alternative to a sharp, painful fiscal shock to fix the country’s worst economic crisis in decades, with inflation heading towards 200 per cent. “There is no alternative to a shock adjustment,” he said on […]
High inflation means children go hungry around the world – survey
Reuters High levels of inflation and increased costs of living are contributing to worldwide hunger, according to a survey of 16 countries commissioned by the humanitarian group World Vision International. Acao da Cidadania NGO workers load a truck with food donations, as part of “Natal sem Fome” (Christmas Without Hunger), a solidarity fundraising campaign that […]
Argentina’s Milei scores big in provinces, including Kirchner stronghold
Buenos Aires, ArgentinaReuters Argentina’s shock primary election leader Javier Milei, a radical libertarian economist, scored the largest share of the national vote with big wins in the provinces, breaking in some places decades of Peronist party domination. Milei took 30 per cent of the national vote, ahead of the main conservative opposition bloc Together for […]
Argentine far-right outsider Javier Milei takes shock lead in primary vote
Buenos Aires, ArgentinaReuters Argentine voters punished the country’s two main political forces in a primary election on Sunday, pushing a rock-singing libertarian outsider candidate into first place in a huge shake-up in the race towards presidential elections in October. With 65 per cent of ballots counted, far-right libertarian economist Javier Milei had 32.2 per cent […]
Hard-hit Argentina workers ask saints, not politicians, for jobs
Buenos Aires, ArgentinaReuters Argentines, who have seen jobs and wages hit by economic malaise and rampant inflation, lined up at churches on Monday to ask St Cayetano, the patron saint of bread and labour, for employment, with some critical of politicians for not doing enough to help. The South American country, which saw unemployment tick […]
Argentines grill more steak despite pressures of 109 per cent inflation
Buenos Aires, ArgentinaReuters Argentines are expected to eat the most beef in five years in 2023, extending the country’s reign as the number one steak consumer per capita despite the painful impact of 109 per cent inflation on food prices, a Rosario grains exchange report showed on Friday. The major beef producer, where “asado” barbecues […]
Cuba says no quick fix as economic crisis drags on
Havana, CubaReuters There is no quick fix for Cuba’s sputtering economy, its economy minister said on Thursday, as inflation, fuel shortages, plunging farm production and a cash crunch drag on output and continue to fan discontent in the communist-run island nation. People buy vegetables on the street in downtown Havana, Cuba, on 30th November, 2022. […]