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☆ Argentina’s economy: What Milei’s chainsaw approach has delivered in a year
▼ + stars: | 2024-12-10 | by ( Hanna Ziady | Stefano Pozzebon | ) edition.cnn.com time to read: +9 min

London/Bogota/Buenos Aires CNN —Javier Milei swept to power in Argentina a year ago on a ticket to tackle chronic hyperinflation and overhaul the long-suffering economy. In one regard — slashing the size of the state — he has proven so successful that Donald Trump’s government efficiency tsars want to replicate his approach. Homeless people at the gates of the closed Retiro train station during a general strike on May 9, 2024, in Buenos Aires. But the adjustment has proved painful in a country where roughly every 10th person is employed in the public sector. But capital controls, which limit the flow of foreign currency into and out of the country, are giving investors pause.

Persons: Buenos Aires CNN — Javier Milei, Donald Trump’s, Natalia Burone, Lucas Aguayo, ”, Hans, Dieter Holtzmann, Friedrich Naumann, it’s, Milei —, Holtzmann, Milei “, Matteo Maffia, Milei, “, you’d, ” Maffia, I’m, Elon Musk, Vivek Ramaswamy, Donald Trump, Carlos Barria, Kimberley Sperrfechter, ” Milei, Luiz Inacio Lula da Silva, Luis Lacalle Pou, Ursula von der Leyen, Santiago Pena, Eitan Abramovich, European Union —, Flor Maffia, Diego Fenoglio, “ There’s Organizations: Buenos Aires CNN, International Monetary Fund, Investors, CNN, Monetary Fund, Friedrich, Freedom, Milei, “, of Government, America, KNG Securities, Capital Economics, South, Friedrich Naumann Foundation, Paraguay's, Mercosur, European Union, Bolivia — Locations: Bogota, Buenos Aires, Argentina, Latin America, Retiro, Brazil, Paraguay, Uruguay, German, United States, Palm Beach , Florida, Argentine, Spain, Montevideo, Bolivia, Europe

☆ Biden fades from view as he exits the world stage
▼ + stars: | 2024-11-19 | by ( Kevin Liptak | Kayla Tausche | ) edition.cnn.com time to read: +10 min

Mauro Pimentel/AFP/Getty ImagesThe moment was a fluke, the type of logistical error that’s almost inevitable at gatherings of almost two dozen world leaders. Yet it was difficult to ignore the impression it left: that Biden is disappearing from view as the world turns its attention to his successor. What members of Biden’s team have been willing to acknowledge is how little they actually know about what Trump and his team may be planning. In Lima and Rio de Janiero, Biden fielded no questions from the press and his aides spoke only off-camera. Reporters had opportunities to ask Biden questions at the G20 summit in Rome in 2021, in Bali in 2022, and in Vietnam in 2023, following the summit’s conclusion in India the prior day.

Persons: Joe Biden’s, Donald Trump, Trump, Biden, I’m, ”, ” Biden, he’s, Xi, India’s Narendra Modi, Turkey’s Recep Tayyip Erdoğan, Justin Trudeau, Mauro Pimentel, Erdogan, Trump’s, “, ” Trump, Javier Milei —, —, elect’s, ” Biden’s, Tulsi Gabbard, Pete Hegseth, Jake Sullivan, “ They’ll, White, Janiero, Sullivan, India’s Modi, Emmanuel Macron, Olaf Scholz, Barack Obama, Obama, we’re, ” Obama Organizations: Rio de Janeiro CNN, Trump, Biden, Canadian, Photographers, Getty, “ YMCA, Pentagon, White, Seven, NATO, Lima Convention Center, APEC Locations: Rio de Janeiro, South America, Peru, Brazil, AFP, Lago, Florida, America, Lima, Rio, Finland, Rome, Bali, Vietnam, India, France, Paris, Berlin, United States

☆ Elon Musk's Tesla dreams may hinge on his blossoming bromance with Argentina's libertarian president Javier Milei
▼ + stars: | 2024-05-13 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Elon Musk seems to be courting Argentine President Javier Milei to secure lithium supplies. AdvertisementTesla CEO Elon Musk has been cozying up to Argentine president Javier Milei — and lithium may be one reason why. Milei told the TV show "La Noche De Mirtha" in December that Musk had called him and said he was "extremely interested" in lithium. Argentina's ambassador to the US, Gerardo Wethein, told Argentine media that the pair talked about Tesla's "investment opportunities" in lithium, the Financial Times reported. Musk met up with Milei again last week, shared a photo of them on X, and later told his followers: "I recommend investing in Argentina."

Persons: Elon Musk, Javier Milei, —, Milei, Musk, Tesla, Gerardo Wethein, Donald Trump, He's Organizations: Argentine, EV, Service, Business, United States Geological Survey, Reuters, Financial Times Locations: Argentina, Argentine, Texas, Tesla's, Austin

DAVOS, Switzerland (AP) — The top diplomats of Iran and the United States sit down for public — and separate — one-on-one chats while the U.N. chief and leaders of France, Argentina and Spain will deliver speeches as the World Economic Forum's annual meeting saunters into a busy second day on Wednesday. U.S. Secretary of State Antony Blinken, after a day of meetings Monday including one with Ukrainian President Volodymyr Zelenskyy, is on tap for a broadcast conversation with New York Times columnist Tom Friedman. Iranian Foreign Minister Hossein Amirabdollahian will speak with CNN's Fareed Zakaria. It came hours after one missile strike earlier Tuesday hit a U.S. vessel. “Please, strengthen our economy, and we will strengthen your security,” the Ukrainian leader said.

Persons: Antonio Guterres, Antony Blinken, Volodymyr Zelenskyy, Tom Friedman, Hossein Amirabdollahian, CNN's Fareed Zakaria, Emmanuel Macron, Pedro Sanchez, —, Javier Milei —, Guterres, Zelenskyy, Vladimir Putin Organizations: Ukrainian, New York Times, Iranian, Spanish Locations: DAVOS, Switzerland, Iran, United States, France, Argentina, Spain, Swiss, Davos, U.N, East, North Africa, U.S, Yemen, Gaza, Palestinian, Israel, Ukraine

☆ What to Know as Argentina Votes in a Pivotal Election
▼ + stars: | 2023-11-19 | by ( Jack Nicas | More About Jack Nicas | ) www.nytimes.com time to read: +1 min

For months, Argentina has been consumed by a single question. Mr. Milei, an economist and former television pundit, is facing off against Sergio Massa, Argentina’s center-left economy minister, in a runoff election. Mr. Massa led the election’s first round last month, with 37 percent to Mr. Milei’s 30 percent. The backdrop to the contest has been Argentina’s worst economic crisis in decades, with annual inflation surpassing 140 percent, behind only Lebanon and Venezuela globally. But the economic debate has been overshadowed by the rise of Mr. Milei, his eccentric personality and his radical ideas to remake the country.

Persons: Will Javier Milei —, Donald J, Trump, Milei, Sergio Massa, Mr, Massa Organizations: Argentine Locations: Argentina, Argentina’s, Lebanon, Venezuela

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