International

Thousands of Argentines protest soaring inflation

AFP

Thousands of Argentines brought central Buenos Aires to a standstill on Thursday in another massive protest against the South American country’s soaring inflation.

The “Federal march for work and salaries, and against hunger and poverty” was bolstered by thousands of people arriving from outside the capital, heeding the call from multiple unions and left-wing groups critical of center-left President Alberto Fernandez’s social policies.

Calls to protest have become more frequent since the start of the year, as the Argentine economy shows no signs of stemming its inflationary trend.

In the first four months of 2022, prices rose 23 percent, including a 6 percent jump in April, according to figures published Thursday.

20260330_renta_mh_728x90

Having already recorded inflation of over 50 percent in 2021, the current rate would surpass even the worst estimates of 60 percent by the end of the year.

Protesters are also angry at the government’s budgetary restraint, a necessity during debt renegotiations with the International Monetary Fund (IMF), which will see the country reduce its annual deficit from three percent of GDP in 2021 to zero by 2025.

Argentina’s left and far left have little clout at the ballot box but a great capacity to organize street protests.

They are vehemently opposed to repaying Argentina’s $44 billion IMF debt, and demand more generous social aid packages.

One of their main slogans is: “the debt is to the people.”

20260330_renta_mh_728x90

While the administration has tried to limit expectations of more aid, splits have begun to appear in the government coalition, with Vice President Cristina Kirchner, the former president, openly criticizing Fernandez.

“I don’t think we will honor all the expectations, all the confidence, all the hope that has been placed in us,” she said several days ago, in a veiled barb at the president.

In recent weeks, Fernandez boosted by 50 percent food vouchers for the poor, increased pensions for those working in the informal sector, and also hiked the minimum wage from 38,940 to 45,540 pesos ($319 to $373).

International

Air Canada suspends JFK flights amid soaring fuel costs linked to Iran conflict

Air Canada announced on Friday that it will suspend its flights from Montreal and Toronto to New York’s John F. Kennedy International Airport from June through late October, citing rising jet fuel costs driven by the conflict involving Iran.

“Since the beginning of the conflict with Iran, some routes and less profitable flights have become economically unviable, so we are making adjustments accordingly,” the airline said in a statement.

Despite the suspension, the carrier confirmed it will continue operating 34 daily flights from six Canadian cities to New York’s LaGuardia Airport and Newark Liberty International Airport.

Air Canada expects to resume its JFK operations after October 25.

Meanwhile, Iran announced the reopening of the Strait of Hormuz amid a temporary ceasefire in the region. However, jet fuel shortages could persist even if the truce holds.

20260330_renta_mh_728x90

Fuel accounts for between 25% and 30% of operating costs for most airlines, and carriers worldwide have responded to the crisis by raising fares and suspending select routes due to safety and profitability concerns.

International

UK braces for potential CO₂ shortage amid Middle East tensions

The government of United Kingdom is preparing contingency measures amid fears of a potential shortage of carbon dioxide (CO₂), which could impact the agri-food industry if the Strait of Hormuz remains blocked due to the ongoing conflict in the Middle East, The Times reported on Thursday.

According to the newspaper, officials assessed this scenario during a recent crisis meeting aimed at evaluating the consequences of a prolonged conflict, triggered on February 28 by joint attacks from United States and Israel against Iran.

Under this scenario, CO₂ supplies—primarily a byproduct of fertilizer production using natural gas—could fall by up to 18%, affecting multiple sectors including agriculture and food production.

The gas is widely used in the slaughter of pigs and poultry, as well as in extending the shelf life of packaged foods. Breweries could also face disruptions due to reduced availability.

“I don’t want to comment on a leak, but now that the information is out there, I hope people feel reassured knowing we are working on it,” said Peter Kyle, Secretary of State for Business and Trade, in remarks to Sky News.

20260330_renta_mh_728x90

While a drop in CO₂ supply is not expected to cause major shortages in supermarkets, it could limit product variety, The Times noted, citing access to internal government documents.

To mitigate the impact, authorities are considering prioritizing CO₂ supply for critical sectors such as healthcare and civil nuclear energy, where it is used in cooling systems for blood reserves, organs, vaccines, and electricity generation. The government may also request domestic producers to increase output.

Central America

El Salvador and Paraguay approve 2026–2028 cooperation program

The governments of El Salvador and Paraguay approved the 2026–2028 Cooperation Program, which includes six joint development projects, according to Salvadoran Vice Minister of Foreign Affairs Adriana Mira.

Mira stated that El Salvador will act as the “main provider of cooperation,” contributing five initiatives focused on road infrastructure, tourism, and local development. She also noted that one of the projects will be led by the Paraguayan side, although no further details were disclosed.

The agreement was reached during the Second Meeting of the Joint Commission on Technical and Scientific Cooperation between both countries.

According to Paraguay’s Ministry of Foreign Affairs, the First Meeting of the Political Consultation and Bilateral Coordination Mechanism was also held, with the participation of Vice Minister Víctor Verdún.

In an official statement, the Paraguayan government reported that both delegations agreed to identify mechanisms to promote competitiveness, economic growth, and market access. They also committed to signing agreements related to air transport cooperation.