International
Rising Argentine inflation ends 2021 over 50%
AFP
Argentine inflation continued to rise in 2021, ending the year at more than 50 percent, the state statistics institute said on Thursday,
It was grim news for the South American country, given cumulative inflation in 2020 — a year when the economy was almost paralyzed by the Covid-19 pandemic — was just 36 percent.
The largest price increases in 2021 were in hotels and restaurants (65.4 percent), transport (57.6) and food (50.3).
“During 2021, the government tried to anchor inflation and to do so basically used the regulation of the price of utility rates and the exchange rate,” Hernan Fletcher of the Argentine Center of Economic Policy, told AFP.
“Although it certainly was not a success, without this, inflation would have been higher.”
Since 2019, Argentina has imposed ever stricter currency exchange controls, meaning citizens can only withdraw $200 a month at the official rate.
For 2022, the government predicted in its budget — which was rejected by the opposition-dominated parliament — an inflation of 33 percent.
Opposition figures derided the budget as unrealistic.
According to a Central Bank survey, inflation in 2022 will be 55 percent.
The news comes with the government embroiled in a tricky renegotiation with the International Monetary Fund (IMF) over the repayment structure of a $44 billion loan agreed in 2018.
Argentina is due to pay back $19 billion to the IMF this year, another $20 billion in 2023 and $4 billion the following year.
Yet analysts estimate that the country has just $4 billion in international reserves.
“A deal with the IMF could improve the economy in terms of expectations, but in terms of inflation I don’t see 2022 being very different to 2021,” said economist Pablo Tigani.
International
Maduro, Delcy Rodríguez sued in Florida over alleged kidnapping, torture and terrorism
U.S. citizens have revived a lawsuit in Miami against Venezuelan President Nicolás Maduro following his capture, as well as against Vice President and now acting leader Delcy Rodríguez and other senior Chavista officials, whom they accuse of kidnapping, torture, and terrorism.
The plaintiffs — including U.S. citizens who were kidnapped in Venezuela and two minors — filed a motion over the weekend before the U.S. District Court for the Southern District of Florida asking the court to declare the defendants in default for failing to respond to the lawsuit initially filed on August 14, 2025, according to court documents made public on Monday.
The case, assigned to Judge Darrin P. Gayles, accuses the Venezuelan leaders of violating the U.S. Anti-Terrorism Act (ATA), the Florida Anti-Terrorism Act, and the Racketeer Influenced and Corrupt Organizations Act (RICO).
In addition to Maduro and Rodríguez, the lawsuit names Venezuelan Defense Minister Vladimir Padrino López; Attorney General Tarek William Saab; Interior Minister Diosdado Cabello; former Supreme Court Chief Justice Maikel Moreno; and National Assembly President Jorge Rodríguez.
The complaint also lists the state-owned oil company Petróleos de Venezuela (PDVSA) and former Electricity Minister Néstor Reverol as defendants.
According to the filing, Maduro “committed flagrant acts of terrorism against U.S. citizens,” citing the criminal case in New York in which Maduro and his wife, Cilia Flores, appeared in court for the first time on Monday following their arrest on Saturday.
The lawsuit claims that the plaintiffs “were held captive by Maduro” with “illegal material support” from the other defendants, whom it identifies as members of the Cartel of the Suns, a group designated by the United States as a terrorist organization last year.
International
U.S. faces worst flu season in decades as new strain spreads nationwide
The flu continues to take a heavy toll across the United States, with all but four states reporting high or very high levels of activity as a new viral strain known as subclade K continues to spread.
According to another key indicator — doctor visits for fever accompanied by cough or sore throat, common flu symptoms — the U.S. is experiencing its highest level of respiratory illness since at least the 1997–98 flu season, based on data released Monday by the Centers for Disease Control and Prevention (CDC).
“This is definitely a standout year,” said Dr. Caitlin Rivers, an epidemiologist and senior scholar at the Johns Hopkins Center for Health Security. “It’s the worst we’ve seen in at least 20 years. Most of the country is experiencing very high levels of activity, and we are still near the peak.”
Rivers noted that it is unusual to see such a severe flu season following another poor season the previous year, as intense seasons typically do not occur back to back.
Nationwide, approximately 8.2% of doctor visits during the final week of the year were for flu-like symptoms. At the same point last season — which was also severe — that figure stood at 6.7%.
In Massachusetts, where flu activity is reported as very high, health officials urged residents to get vaccinated.
“This is a moment for clarity, urgency, and action,” said Dr. Robbie Goldstein, Commissioner of Public Health, in a press release. “These viruses are serious, dangerous, and potentially deadly. We are seeing critically ill children, families grieving devastating losses, and hospitals under strain due to capacity.”
International
U.S. Energy Secretary to meet oil executives on reviving Venezuela’s crude industry
U.S. Secretary of Energy Chris Wright is set to meet this week with executives from the American oil industry to discuss how to revive Venezuela’s crude oil sector, according to multiple media reports.
The meeting will take place on the sidelines of an energy conference organized by investment banking group Goldman Sachs in Miami.
Senior executives from major U.S. oil companies, including Chevron and ConocoPhillips, are expected to attend the symposium.
Venezuela holds the world’s largest proven oil reserves, estimated at 300 to 303 billion barrels, representing roughly one-fifth of known global reserves.
Following the controversial operation carried out on Saturday to detain Venezuelan President Nicolás Maduro, U.S. President Donald Trump has placed renewed emphasis on control over and exploitation of Venezuela’s vast oil resources.
Maduro, Delcy Rodríguez sued in Florida over alleged kidnapping, torture and terrorism
U.S. faces worst flu season in decades as new strain spreads nationwide
U.S. Energy Secretary to meet oil executives on reviving Venezuela’s crude industry
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