Argentina

China’s economic takeover in Latin America sparks opportunities and concerns

Alek Buttermann October 17, 2024

In the last two decades, China has emerged as a key player in Latin America's economy, making strategic investments in infrastructure, energy, and telecommunications, transforming the region into an essential hub for its interests.

Latin American dignitaries urge UN to suspend Russia over Ukraine war

bne IntelliNews September 24, 2024

A group of prominent Latin American former foreign ministers and human rights advocates has urged António Guterres, the UN Secretary-General, to suspend Russia from the UN General Assembly over its actions in Ukraine.

Czechia and Hungary are only EU states to oppose UNGA Israel resolution

Robert Anderson in Prague September 20, 2024

Across Eastern Europe, there is generally much more sympathy for Israel than the Palestinian cause.

US accuses Russian state media of destabilising Argentina

Mathew Cohen September 18, 2024

The US State Department has issued a factsheet alleging that RT conducted "destabilising actions" on a global scale. Among the countries affected, the document claims the network is engaged in efforts to weaken Argentine President Milei's government.

Milei’s move to block pensions hike sparks protests but gains IMF praise

bne IntelliNews September 12, 2024

Argentine lawmakers on September 11 upheld President Javier Milei's veto of a proposed pension increase, triggering violent protests outside Congress. The move, however, was commended by the IMF amid ongoing debt-restructuring negotiations.

AI will be a major source of GHGs by 2030, says Morgan Stanley

bne IntelliNews September 5, 2024

Energy ravenous AI data centres are set to become a major source of GHGs emissions by 2030 as the number of server farms needed to run the artificial intelligence services is set to expand exponentially over the next two and half decades.

Russia revs up to test cross-border crypto payments

Ben Aris in Berlin September 5, 2024

Russia is on the hunt to find an alternative to the dollar to settle international trade deals and on September 1 will test making cross-border payments in cryptocurrency for the first time.

Latin America trapped in low growth cycle, ECLAC warns

Marco Cacciati August 19, 2024

Latin America and the Caribbean are facing a "low economic growth trap" that threatens to stall progress across the region, according to a new report from the United Nations Economic Commission for Latin America and the Caribbean (ECLAC).

IMF: Carbon emissions from AI and crypto are surging and tax policy can help

Shafik Hebous economist for the IMF, Nate Vernon-Lin economist for the IMF August 16, 2024

What do crypto assets and artificial intelligence have in common? Both are power hungry and that is increasing emissions.

US lab invents a Fremen-tech water harvester

bne IntelliNews August 13, 2024

An American lab has developed “Fremen-like” technology that can extract moisture from the air even in a desert.

Global sea surface temperatures have surged

bne IntelliNews August 6, 2024

In the past 15 months, global sea surface temperatures have surged to unprecedented levels, fuelling heatwaves, and accelerated the melting of sea ice, alarming scientists and environmentalists alike.

Burning forests and reduced carbon uptake by plants failed to mitigate climate change in 2023

bne IntelliNews July 31, 2024

Forests and other land ecosystems failed to mitigate climate change in 2023, as severe drought in the Amazon rainforest and record wildfires in Canada hindered their natural capacity to absorb carbon dioxide.

The West is bleeding the Global South of wealth thanks to massive wage inequality, says study

bne IntelliNews July 31, 2024

The developed markets of the West are bleeding the Global South of wealth thanks to massive differences in nominal wages, according to a new study published in Nature Communications.

The AMOC Gulf Stream current may collapse as soon as 2025, says study

bne IntelliNews July 30, 2024

A new study predicts the AMOC (Atlantic Meridional Overturning Circulation), a oceanic current that brings warm water to the northern Atlantic, could collapse as soon as 2025, ushering in a new ice age in northern Europe.

Global solar panel glut caused by Chinese overproduction

bne IntelliNews July 30, 2024

There is an overproduction of solar panels worldwide, with production capacity exceeding demand by 2 TW. This surplus has led to falling prices.

Sea levels rise 10 cm since 1993 as ice caps melt

bne IntelliNews July 29, 2024

Sea levels are now 10 cm higher than in 1993, and the rise is accelerating, according to new high-resolution satellite measurements by NASA.

US general calls for Marshall Plan in Latin America to counter China and Russia

Marco Cacciati July 25, 2024

The head of US Southern Command has urged American leaders to develop a comprehensive economic aid program for Latin America, akin to the post-World War II Marshall Plan, in a bid to counteract growing Chinese and Russian influence in the region.

Plants absorbing less carbon dioxide in 2023, accelerating global warming

Ben Aris in Berlin July 25, 2024

Plants and trees' ability to absorb carbon dioxide fell dramatically in 2023, due to increased heat stress in vegetation, a new study revealed.

How energy intensive are data centers?

Florian Zandt for Statista July 24, 2024

While countries like China and the United States had the highest electricity demand by a considerable margin, a new player that rivals the consumption of some of the biggest economies and is bolstered by the ongoing AI hype and data center use.

Earth records hottest year since records began

bne IntelliNews July 24, 2024

Sunday, July 21 was the hottest day ever recorded globally in 100,000 years according to the EU climate monitoring service Copernicus, warning that the Climate Crisis is accelerating.

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