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☆ South Africa crime wave: This cash van guard is just one of the victims
▼ + stars: | 2024-03-27 | by ( David Mckenzie | Sarah Dean | ) edition.cnn.com time to read: +9 min

Johannesburg, South Africa CNN —For South Africans, normality is a sliding scale. In October, a heavily armed gang blocked off one of the busiest highways near Johannesburg as it blew up a cash-in-transit vehicle – a security van carrying cash. Cash-in-transit, or CIT, heists are one of the most dramatic illustrations of a crime wave that has shocked even the most hardened South Africans. His argument is not entirely factual: crime affects South Africans from all walks of life, not just those earning a comfortable living. The South African police minister, Bheki Cele, recently highlighted what he called the successes of the Crime Intelligence division in tackling organized crime and rooting out corruption within the ranks of the force.

Persons: Nelson Mandela, ”, Byron Blunt, Ngwenya, —, “, Petrus Mthembu, SAPS, Athlenda Mathe, Bheki Cele, Joe van der Walt, Esa Alexander, Gareth Newham, What’s Organizations: South Africa CNN, heists, CIT heists, National Congress, ANC, CNN, “, CIT, Motor Transport Workers Union, South African Police Service, Reuters, Hawks, AK, South, Crime Intelligence, Focus Group, ” Police, Town, Private Security Industry Regulatory Authority, Institute for Security Studies Locations: Johannesburg, South Africa, Africa, R350,000, Makhado, Limpopo, Cape Town , South Africa

☆ Why your favorite summer fruits are increasingly at risk
▼ + stars: | 2024-03-23 | by ( Rachel Ramirez | Elisa Raffa | ) edition.cnn.com time to read: +6 min

CNN —Peach trees are blooming at Jaemor Farms in Alto, Georgia, this week. Owner Drew Echols, a fifth-generation farmer, said it has become harder to predict when fruits like the iconic Georgia peaches would start blooming. Blooming peach trees are seen alongside a covered field of strawberries at Jaemor Farms in Alto, Georgia, on March 19, 2024. The fruits begin to bloom as temperatures warm, but when a cold spell comes back, they become susceptible to damage. Fruits like peaches, strawberries, mangoes and plums typically reach their peak ripeness during the summer months.

Persons: Drew Echols, he’s, ” Echols, “ You’re, Meridith Edwards, Echols, ” Louise Ferguson, Davis, Ferguson, Dorothy Suput, Ben Clark, Lane Turner, Benjamin Cook, ” Cook, ” Ferguson, Doug Engle, Suput, ” Suput, “, ” Organizations: CNN, University of California, National Oceanic, Atmospheric Administration, Croatan Institute, Boston Globe, Columbia University, NASA Goddard Institute for Space Studies, University of Florida, Science Research, Unit, Ocala Star Banner, USA Locations: Alto , Georgia, Georgia, Boston, New Hampshire, Ocala, New England

☆ Recessions Actually Make People Live Longer
▼ + stars: | 2024-03-19 | by ( Aki Ito | ) www.businessinsider.com time to read: +6 min

Recessions, it would seem, help us stay fitter, and live longer. The new paper, along with other research into recessions, provides an important reminder that economic growth isn't — and shouldn't be — the only measure of our collective well-being. If recessions save lives, that comes with a corollary: Boom times cost lives. Sure, economic growth provides jobs. If the new research tells us anything, it's that we still have a long way to go in striking a healthy balance between economic growth and social welfare.

Persons: grads, Amy Finkelstein, didn't, that's, Aki Ito Organizations: Business Locations: Japan, San Francisco

☆ ‘Maestro’ Review: Leonard Bernstein’s Life of Ecstasy and Agony
▼ + stars: | 2023-11-22 | by ( Manohla Dargis | More About Manohla Dargis | ) www.nytimes.com time to read: +4 min

I co-wrote and directed ‘Maestro.’ It was very important to me, at the onset of this scene, that she be in a position of power. So, her on the windowsill, the light haloing her behind, waiting for whoever was gonna come in to be scolded. No!” “I think you’re letting your sadness get the better of you.” “This has nothing to do with me! “If you’re not careful, you’re going to die a lonely, old queen.” Mommy, daddy! Outside the window, this Snoopy sort of represents where he is in his life.

Persons: I’m Bradley Cooper, ‘ Maestro, “, Felicia, She’s, Leonard Bernstein, ”, Carey Mulligan, he’s, they’re, we’ll, you’re, Matty Libatique, Snoopy

☆ This CEO is changing the rules of American farming. Here’s why
▼ + stars: | 2023-11-21 | by ( Alicia Wallace | ) edition.cnn.com time to read: +12 min

At a time when social and environmental investments have been politicized, Ford and Land O’Lakes are staying the course. Courtesy Land O’Lakes, Inc.“We’re focusing on the things that are most important to our members, their families and to their businesses,” she told CNN. The EPA and the Hershey Company gave $2 million to Land O’Lakes member farms in Pennsylvania. Land O'Lakes CEO Beth Ford at the company's headquarters in Arden Hills, Minnesota, on July 29, 2021. In 2020, Land O’Lakes convened the American Connection Project coalition to advocate for public and private investment in high-speed internet infrastructure in rural communities.

Persons: “, Beth Ford, Ford, Evan Hillan, don’t, Truterra, ” Ford, ”, Ford’s, Carol, —, CNN’s Poppy Harlow, ‘ I’ve, ’ ” Ford, Harlow, Richard Tsong, I’ve, “ I’ve, O’Lakes, isn’t, Lucas Fuess, Kim Reynolds, Fuess, there’s, Kelly Garrett, ” Garrett, Garrett Organizations: Arden Hills , Minnesota CNN —, Fortune, Arden, Ford, CNN, Inc, US Environmental Protection Agency, EPA, Hershey Company, Pepsi, Mobil, Scholastic —, Star Tribune, Getty, American Connection, Biden, Republican, ”, Nature Locations: Arden Hills , Minnesota, Wisconsin, Truterra, Mill Hill , Pennsylvania, Pennsylvania, America, Ford, Sioux City , Iowa, Iowa, Iowa , Idaho , Kansas, Modale , Iowa, Inc, West, Arion , Iowa, American

☆ Parasitic worms highjack their hosts' free will, and scientists finally think they know how
▼ + stars: | 2023-11-11 | by ( Emily Hein | ) www.businessinsider.com time to read: +6 min

Horsehair worms can control a host's brain and steer it to water, where it drowns. These parasitic worms, which resemble dark and stringy horse hair, take control of their host's brain and drive it to suicide. Hairworms' magic copy-cat trickHairworms need water to reproduce, so when they're ready they force their host to water, where ultimately the host drowns. Horsehair worms make their hosts more active in the middle of the day , when it's easier to find light reflecting off water. So the Chordodes worms can only control mantises and can't puppeteer other insects or mammals, according to the study.

Persons: what's, —, they're, it's, hairworms, Tappei Mishina, Hairworms, Rather, Mishina Organizations: Service, University of California's, Pest Management

☆ South Africa’s Transport Minister and bodyguards robbed at gunpoint
▼ + stars: | 2023-11-08 | by ( Sarah Dean | ) edition.cnn.com time to read: +1 min

Johannesburg CNN —South Africa’s transport minister and her bodyguards were robbed at gunpoint on Monday, according to the South African Police Service (SAPS). Minister Sindisiwe Chikunga was travelling on the N3 highway between Vosloorus and Heidelberg, south of Johannesburg, on Monday when the incident took place, police said. She was inside the car while her bodyguards changed the tire. A manhunt has been launched following the incident and the victims are receiving support and counseling, SAPS said. South Africa has long grappled with gun violence, with several mass shootings reported this year.

Persons: Sindisiwe Chikunga, ” Chikunga, ” SAPS, SAPS Organizations: Johannesburg CNN, South African Police Service Locations: Johannesburg, Vosloorus, Heidelberg, South Africa, KwaZulu, Natal province

In Panama, a lack of water has hampered canal operations in recent years, and some shipping experts say vessels may soon have to avoid the canal altogether if the problem gets worse. Before the water problems, as many as 38 ships a day moved through the canal, which was built by the United States and remained under its control until 2000. The canal authority in July cut the average to 32 vessels, and later announced that the number would drop to 31 on Nov. 1. Further reductions could come if water levels remain low. The canal authority is also limiting how far a ship’s hull can go below the water, known as its draft, which significantly reduces the weight it can carry.

Persons: Panama’s Locations: Panama, El, United States

☆ Weight-loss drug worries add to US restaurants' weak traffic woes
▼ + stars: | 2023-10-26 | by ( Deborah Mary Sophia | ) www.reuters.com time to read: +4 min

Investors' knee-jerk reaction to those comments sent the under-pressure S&P 500 restaurants index (.SPLRCREST) down 1.3% at the time. THE FUNDAMENTALS** On Thursday, Chipotle is expected to report a 4.5% increase in Q3 same-store sales, according to LSEG data, slower both on a year-over-year and a sequential basis. Profit likely rose about 18%. WALL STREET SENTIMENT** The S&P 500 restaurant sub-index (.SPLRCREST) has risen just 0.4% year-to-date, lagging a more than 10% jump in the benchmark S&P 500 (.SPX). Growth in top restaurant stocks has broadly lagged the benchmark S&P 500 indexReporting by Deborah Sophia in Bengaluru; Editing by Savio D'SouzaOur Standards: The Thomson Reuters Trust Principles.

Persons: Brendan McDermid, Peter Saleh, Taco Bell, Wells, Chipotle, Deborah Sophia, Savio D'Souza Organizations: REUTERS, KFC, Yum Brands, Walmart, Conagra, Taco, WALL, Thomson Locations: New York, McDonald's, Wells Fargo, Bengaluru

☆ Want to see what weak discretionary spending looks like? See Winnebago's results
▼ + stars: | 2023-10-18 | by ( Robert Hum | ) www.cnbc.com time to read: +2 min

But that masked a big problem for the company – weaker discretionary spending. Winnebago blamed "lower unit sales related to current market conditions and dealer efforts to reduce inventories, and higher discounts and allowances." CEO Michael Happe said "the consumer market continues to be challenged, and our fourth quarter results reflect a stubborn retail environment." By the second half of the fiscal year, though, Happe is optimistic that inventories will normalize and consumer demand will stabilize. Winnebago's stock, which was down 3% Wednesday, had fallen about 13% over the last three months, far underperforming the broader market.

Persons: Winnebago, RVs, Price, Michael Happe, Happe Organizations: Winnebago Industries Inc, Industries Locations: Salt Lake City , Utah, U.S, Winnebago

The stock market got a boost from that drop in longer-term yields, but it also felt a drag from rising shorter-term yields. Yields were mixed after a report showed inflation at the wholesale level was stronger last month than economists expected. Still, with the U.S. government racking up big deficits that require more borrowing, and buyers in shorter supply, the pressure has been mostly upward on Treasury yields. In energy trading, a further pullback in crude oil prices is helping to take some heat off inflation and support Wall Street. Oil prices have given back much of their strong gains from earlier this week, triggered by fighting in Gaza.

Persons: Sydney's, Hang Seng, ” Anderson Alves, ActivTrades, Rubeela Farooqi, ”, Gregory Daco, Brent Organizations: TOKYO, Palestinian, Hamas, Nikkei, U.S, Dow Jones, Nasdaq, Federal Reserve, Treasury, “ Fed, EY, Benchmark, New York Mercantile Exchange, Energy, Exxon Mobil, Natural Resources Locations: Israel, Hong, Shanghai, U.S . Federal, Lebanon, Iran, U.S, Gaza

☆ Morning Bid: Bond steamroller flattens all
▼ + stars: | 2023-10-04 | by ( ) www.reuters.com time to read: +5 min

Banknotes of Japanese yen and U.S. dollar are seen in this illustration picture taken September 23, 2022. That's all on top of the ongoing rethink of the Fed's long-term rate horizon and increasingly high-pressure economy. Hit from all sides, the Treasury market is simply in ructions - catalysed perhaps by technical, speculative and positioning factors too. Ten-year yields hit a whopping 4.88% early on Wednesday - an increase of 80 basis points in little over a month. And implied volatility in the bond market (.MOVE) hit its highest since May.

Persons: Florence Lo, Mike Dolan, Kevin McCarthy, Michelle Bowman, Austan Goolsbee, Jeffrey Schmid, St, Louis Fed, Kathleen O'Neill Paese, Mehmet Simsek, Bernadette Baum Organizations: U.S, REUTERS, Congress, riven, Federal Reserve, Bank of, Treasury, Nasdaq, Reserve Bank of New, P Global, U.S . Federal Reserve, Chicago Fed, Kansas City Fed, Turkish, Thomson, Reuters Locations: U.S, Washington, Asia, Europe, Reserve Bank of New Zealand, Kansas, London

Here are the meanings of the 10 hardest words that have also been used in Times articles. (Dec. 23, 2020)6. tomtit — any of several small birds that frequently elude Spelling Bee players:The Audubon Society would file a complaint in defense of tomtit virility. But, such is the state of Massenet’s reputation, I doubt that many sophisticated operagoers would rush to defend him. Barclays declined to comment on its arrangement with A.I.G., which is known as a “novation” in the world of derivatives, Reuters said. in Derivatives Deals (Feb. 5, 2010)The list of the week’s easiest words:

Persons: nunhood, “, Genji, Jakucho, monomania, ” Jacobs, ”, colcannon —, Patrick’s, Melissa Clark’s, colcannon, Cook, callaloo, Mr, Bates, cloaca, tomtit, Spelling, Massenet — Minor, pinniped, dognap —, Twilly, McGuinn, Naija, dey, —, novation, — Barclays Said Organizations: St, Audubon Society, Barclays, Reuters, — Barclays Locations: Japan, Frederick, Africa

☆ Richardson and Jackson on course for 200m showdown
▼ + stars: | 2023-08-23 | by ( Mitch Phillips | ) www.reuters.com time to read: +3 min

Fourth-placed 100m finisher Marie-Josee Ta Lou of the Ivory Coast went through from the same heat, while defending champion Jackson was in cruise control winning her heat in 22.50. It's my first time on the track and I managed to get out strong and come through," Thomas said. "I think I can run my world lead time again when I need to but I don't think that will be enough to win gold. I think all the girls in the final will be under 21.60, so it's going to be fast. The track is really fast, it really is.

Persons: Sha'carri Richardson, Cote, Cote D'Ivoire's Marie, Josee, Lou, Sarah Meyssonnier, Sha'Carri Richardson, Jamaica's Shericka Jackson, Richardson, Allyson Felix, Jackson, Gabby Thomas, Thomas, Briton Dina Asher, Smith, Asher, I've, Shelly, Ann Fraser, Pryce, Krystsina Tsimanouskaya, Mitch Phillips, Pritha Sarkar Organizations: Athletics Centre, Cote D'Ivoire's, Rights, U.S, Tokyo, Thomson Locations: Budapest, Hungary, U.S, Ivory, Belarus

☆ How climate change drives heatwaves and wildfires in Europe
▼ + stars: | 2023-08-17 | by ( Kate Abnett | ) www.reuters.com time to read: +5 min

Here's how climate change drives these events. FINGERPRINTS OF CLIMATE CHANGETo find out exactly how much climate change affected a specific heatwave, scientists conduct "attribution studies". CLIMATE CHANGE DRIVES WILDFIRESClimate change increases hot and dry conditions that help fires spread faster, burn longer and rage more intensely. The study found that human-induced climate change played an absolutely overwhelming role in the extreme heatwaves that swept across North America, Europe and China in July. But scientists concur that without steep cuts to the greenhouse gases causing climate change, heatwaves, wildfires, flooding and drought will significantly worsen.

Persons: Alexandros Avramidis, Friederike Otto, Sonia Seneviratne, Seneviratne, Rhodes, Copernicus, Mark Parrington, Victor Resco de, Kate Abnett, Gloria Dickie, Katy Daigle, Barbara Lewis, Josie Kao, Jonathan Oatis Organizations: Firefighters, REUTERS, Rights, United Nations, Imperial College London, ETH Zurich, Union, Spain's Lleida University, Thomson Locations: Sesklo, Greece, Europe, Spain, France, Netherlands, Paris, North America, China, Victor Resco de Dios

☆ Maui wildfires: What are the deadliest wildfires in US history?
▼ + stars: | 2023-08-13 | by ( Stephen Culp | ) www.reuters.com time to read: +5 min

The causes of the Hawaii wildfires, which started on Tuesday night, have not yet been determined. Hawaii Governor Josh Green on Sunday called a part of the island of Maui that was devastated by wildfires a "war zone". Reuters GraphicsHOW MANY DIED IN THE CLOQUET AND GREAT HINCKLEY FIRES? Since 2018, wildfires in the United States have destroyed nearly 63,000 structures, the majority of which were homes. In 2022, there were 66,255 wildfires in the United States, compared with 18,229 in 1983, when record keeping began, per the National Oceanic and Atmospheric Administration (NOAA).

Persons: Josh Green, Peshtigo, Partridge, Hinckley, Stephen Culp, Lisa Shumaker Organizations: National Fire Protection Association, Historical Society, Reuters, HINCKLEY, Library of Congress, NFPA, Federal Emergency Management Association, FEMA, Environmental Protection Agency, Interagency Fire Center, Fire, Hinckley, Oceanic, Atmospheric Administration, NOAA, Thomson Locations: Maui, Hawaii, Lahaina, Wisconsin, Minnesota, Hinckley, Mission, Miller, United States, California

☆ Microsoft-backed AI4Bharat set to raise $12 million funding from Peak XV, Lightspeed
▼ + stars: | 2023-07-07 | by ( Yuvraj Malik | ) www.reuters.com time to read: +2 min

July 7 (Reuters) - AI4Bharat, a start-up backed by Microsoft (MSFT.O), is raising $12 million from venture capital firms Peak XV and Lightspeed Venture to develop artificial intelligence-powered chatbots for Indian languages, according to three people familiar with the matter. Most seed rounds are usually up to $1 million to $2 million. AI4Bharat, Peak XV and Lightspeed did not immediately respond to Reuters' requests for comment. The investment is among the first from Peak XV Partners after rebranding from Sequoia Capital India and SEA following a split with its U.S.-based parent fund last month. Indian AI start-ups have raised $583 million this year, as of June, according to data from Venture Intelligence.

Persons: OpenAI's ChatGPT, Nandan Nilekani, Rudder, Yuvraj Malik Organizations: Microsoft, Lightspeed Venture, Indian Institute of Technology, Infosys, National Payments Corp, XV Partners, Sequoia Capital, SEA, Venture Intelligence, Thomson Locations: Madras, India, Sequoia Capital India, Bengaluru

New capacity in China is expected to make up more than half of that growth, according to the International Energy Agency. Reuters GraphicsIn 2023, WoodMac sees China's output growth creating a local surplus of 4.24 million metric tons of ethylene and an even bigger oversupply of propylene at 8.69 million metric tons. Reuters GraphicsMARKET SHARE BATTLENewly launched refinery complexes by state giant PetroChina's (601857.SS) Guangdong Petrochemical and privately-run Jiangsu Shenghong Petrochemical have added to surging petrochemical supply from mega refiners Zhejiang Petrochemical Corp and Hengli Petrochemical (600346.SS) that has come online in recent years. Rongsheng Petrochemical (002493.SZ) and Hengyi Petrochemical (000703.SZ) swung to net losses in the first quarter. While Chinese demand from some sectors such as inexpensive clothing and daily essentials is robust, other sectors such as automative have yet to recover in line with expectations, said Salmon Lee, global head of polyesters at consultancy WoodMac.

Persons: Chen, refiners, China's, Wood Mackenzie, WoodMac, Ganesh Gopalakrishnan, TotalEnergies's, Salmon Lee, Lee, Mohi Narayan, Andrew Hayley, Matthew Chye, Florence Tan, Sonali Paul Organizations: REUTERS, Reuters, International Energy Agency, Reuters Graphics, Guangdong Petrochemical, Jiangsu Shenghong Petrochemical, Zhejiang Petrochemical Corp, Hengli Petrochemical, Sinopec, Rongsheng Petrochemical, Hengyi Petrochemical, Thomson Locations: Dalian, Liaoning province, China, Asia, Europe, U.S, Guangdong, Jiangsu, China's, New Delhi, Beijing

☆ Chinese miners try livestream sales to shift coal glut
▼ + stars: | 2023-06-15 | by ( Andrew Hayley | ) www.reuters.com time to read: +2 min

BEIJING, June 15 (Reuters) - On China's frenetic and hugely popular retail livestreams, glamorous hosts sell goods ranging from shoes and lipsticks to baby products and, increasingly, truckloads of sulphurous coal. By comparison, domestic thermal 5,500 kcal coal was traded at about 800 yuan ($111.64) per ton as of last week, according to trading sources. Though wholesaling of hard commodities is not entirely new to China's streaming platforms, it appears to be on the rise. Three of the most active coal channels on Douyin identified by Reuters - Huaze Coal, Guohai Daily Coal Price, and Jixing Coal - have together held 164 such online events so far this quarter, up from 120 events last quarter and 107 events in the fourth quarter of 2022. ($1=7.17 yuan)Reporting by Andrew Hayley and Beijing newsroom: Editing by Tony Munroe, Alexandra HudsonOur Standards: The Thomson Reuters Trust Principles.

Persons: Andrew Hayley, Tony Munroe, Alexandra Hudson Organizations: Huaze Coal Industry, Reuters, Huaze, Daily Coal, Jixing, Alexandra Hudson Our, Thomson Locations: BEIJING, Shanxi, Beijing

☆ Gold set for monthly drop as US debt agreement saps appeal
▼ + stars: | 2023-05-31 | by ( Arundhati Sarkar | ) www.reuters.com time to read: +2 min

SummarySummary Companies Gold set for first monthly fall in threeSilver, platinum, palladium face monthly lossGold defended support confluence zone at $1,940 level - analystMay 31 (Reuters) - Gold prices eased on Wednesday, set for a monthly drop, as progress in the U.S. debt ceiling deal and expectations that the Federal Reserve will likely raise interest rates further eroded bullion's safe-haven status. Spot gold fell 0.2% to $1,955.28 per ounce by 0243 GMT, and lost 1.7% so far this month. Gold prices have come off their recent near-record highs reached early in May. Higher interest rates dull the appeal for zero-yield bullion. A hawkish build in rate expectations has translated to some resilience in place, and until that reverses, upside for gold prices may continue to remain capped, Jun Rong added.

Persons: Gold, Joe Biden, Kevin McCarthy, Yeap Jun Rong, Jun Rong, Arundhati Sarkar, Shailesh Kuber, Sherry Jacob, Phillips Organizations: Federal Reserve, U.S, IG, Thomson Locations: U.S, Bengaluru

☆ HP misses revenue estimates as inflation saps PC demand
▼ + stars: | 2023-05-30 | by ( ) www.reuters.com time to read: +1 min

Global PC shipments declined nearly 30% in the January-March period to levels lower than before the pandemic, according to data from research firm IDC. Sales for HP's Personal Systems segment - home to its desktop and notebook PCs - dropped 29% in the reported quarter, while the company's printing segment recorded a 5% fall. HP said it expects second-half revenue to be higher than the first half, even though the year-on-year comparison will still be negative. California-based HP's second-quarter revenue was $12.91 billion. On an adjusted basis, HP earned 80 cents per share, compared with expectations of 76 cents.

Persons: Enrique Lores, Tiyashi Datta, Jeffery Dastin, Devika Organizations: HP Inc, Companies, HP, Lenovo, HK, Dell Technologies Inc, Global, IDC, Reuters, Thomson Locations: California, Bengaluru, Palo Alto

April 25 (Reuters) - Texas Instruments (TXN.O) forecast second-quarter revenue and profit below Wall Street estimates on Tuesday, signaling demand weakness is spreading to most of the analog chipmaker's end-markets. The company's revenue in both the personal electronics segment and the division that caters to data center servers fell 30% in the first quarter from the fourth quarter. Industrial market revenue was flat. Still automotive was a bright spot in the first quarter, with revenue up mid-single digits, the company said. The company forecast revenue in the current quarter in the range of $4.17 billion to $4.53 billion versus estimates of $4.44 billion.

CNN —Ten members from the same family, including seven women and three men, were killed by gunmen Friday in the city of Pietermaritzburg, in KwaZulu-Natal (KZN) province of South Africa, police said Friday. The mayor of the area told local media that they needed to bolster capacity of local police stations. South Africa has been rocked by several mass shootings in recent months – some, say police, are related to taxi business violence while others appear to be linked to drug cartels. South Africa has one of the highest murder rates in the world, according to police statistics. Four other people were killed in a separate shooting incident in a bar in Pietermaritzburg on the same evening.

☆ Argentina monthly inflation seen hitting 8-month high 7.1% in March
▼ + stars: | 2023-04-12 | by ( Hernan Nessi | ) www.reuters.com time to read: +2 min

The median forecast came from 15 analysts polled by Reuters, with estimates ranging from 6.4% to a maximum 7.4% monthly rise. Reuters Graphics Reuters GraphicsAnalysts said the high inflation rate, expected to be just shy of a peak last July, was likely to persist as the government sought to spur grains sales by offering preferential exchange rates to soy exporters and other producers. Food rose slightly below overall inflation, Marini said. In February, Argentina registered monthly inflation of 6.6% and 12-month inflation of 102.5%, the highest in almost 32 years. "The first days of April show that this month's inflation is unlikely to fall below 6%," he said.

[1/6] Jorge Pedro Armoa, 67, works with metal in one of his three jobs to beat Argentina's over 100% inflation rate, in 9 de Abril, in the outskirts of Buenos Aires, Argentina March 21, 2023. REUTERS/Tomas CuestaBUENOS AIRES, March 30 (Reuters) - As Argentina's over 100% inflation rate saps earning power and outstrips wages, Jorge Pedro Armoa, 67, has found a painful solution: juggling three jobs as a metal worker, soccer coach and part-time salesman of medical creams, flip flops and honey. So sometimes it's not enough," said Armoa, a metal mold factory worker who is the technical director of a local soccer team and funds his own small business. Armoa, even with his three salaries and income from his wife, a teaching assistant, often struggles to get by. "You have to put a positive face on things, good energy and think that tomorrow things will be better."

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