INTERNACIONAL
China, Russia suffer setback to global ambitions with major player refusing to join trading bloc
New Argentinian President Javier Milei has announced that he will not let his country join the China and Russia-led BRICS trading bloc, dealing a major blow to the trade group’s ambitions.
The reversal comes after Milei’s team indicated that they merely planned to delay the country’s admission into the bloc, which was founded by members Brazil, Russia, India, China and South Africa. In a letter to the leaders of each member state, Milei wrote that he did not consider it «appropriate at this time» to join.
Milei spent much of his time on the campaign trail admonishing countries ruled «by communism» and insisted he would honor the alignment with the «free nations of the West,» particularly the United States and Israel.
Since taking power on December 10, he has moved swiftly to deregulate the economy with a package of bills that would eliminate more than 350 regulatory policies in the country.
FORMER COLOMBIAN SOLDIER PLEADS GUILTY IN 2021 ASSASSINATION OF HAITI’S PRESIDENT
Some of the regulations that Milei has sought to cancel include a price ceiling on rent, some worker protections and laws limiting price increases when inflation and poverty have hit certain thresholds.
The move has proven immensely unpopular, prompting the country’s labor unions to file a lawsuit against the government for what it deems as «unconstitutional» policy changes and thousands to take to the streets in support of the lawsuit as Argentinian citizens demanded the courts take action.
FRANCE URGES LEBANESE LEADERS TO WORK ON BRINGING CALM ALONG THE BORDER WITH ISRAEL
The self-defined «anarcho-capitalist» argued that his foreign policy «differs in many aspects from that of the previous government,» and «in this sense, some decisions made by the previous administration will be reviewed.»
Milei insisted he would meet with each of the BRICS leaders and discuss plans to «intensify bilateral ties» and increase trade and investment, German outlet DW reported.
AMERICANS WEIGH IMPORTANCE OF UKRAINE FUNDING AGAINST BOLSTERING BORDER SECURITY
The group aims to break up Western hegemonic dominance in the international economic landscape, but China largely dominates the bloc, accounting for more than 70% of the combined GDP of the member states.
China and Russia have largely posited the alliance as a counter to the G-7 and looked to more than double their bloc’s membership to 11 states, offering admission to Argentina, Iran, Egypt, Ethiopia, Saudi Arabia and the United Arab Emirates. Argentina was set to join on January 1, 2024.
CLICK HERE TO GET THE FOX NEWS APP
China and Brazil are Argentina’s two biggest trading partners, making Argentina’s membership a seeming no-brainer until Milei introduced some economic «shock therapy» to a country that has 150% inflation and more than 40% of its population living below the poverty line, according to the BBC.
The Associated Press contributed to this report.
INTERNACIONAL
Australian girl, 12, killed by crocodile while swimming in creek
Australian authorities discovered the remains of a 12-year-old girl Thursday after she was reportedly snatched by a crocodile while swimming in a creek.
Police Senior Sgt. Erica Gibson told reporters, «It was an extremely difficult, essentially 36 hours, difficult for the first responders involved in the search.»
The child’s disappearance began a nearly two-day search by land, air and water.
Her remains were discovered near the river where the girl had gone missing, southwest of the Northern Territory capital Darwin, in the Indigenous community of Palumpa.
Sgt. Gibson confirmed that the girl’s injuries were from a crocodile attack, saying «The recovery has been made. It was particularly gruesome and a sad, devastating outcome.»
AUSTRALIAN FAMILY DISCOVERS VENOMOUS SNAKE IN CHILD’S BED
«However, for the family, it is the most devastating outcome possible for them. They are in a state of extreme shock and disbelief,» Gibson added.
Saltwater crocodiles are known to be territorial and the killer reptile may still be in nearby waterways. They are known to be a general risk in the Northern Territory, according to The Associated Press.
SLY ALLIGATOR LURKING UNDER PUBLIX SHOPPING CARTS CAUGHT ON VIDEO IN SOUTH CAROLINA
Northern Australia is a tropical climate, supporting a boom in saltwater crocodile populations since populations have been conserved under Australian law beginning in the 1970s.
The population of large crocodiles is on the rise in Northern Australia, with some reptiles reaching up to 23 feet long. The animals grow throughout their lives, and crocodiles can live up to around 70 years of age.
CLICK HERE TO GET THE FOX NEWS APP
Sgt. Gibson told reporters that the search efforts for the killer crocodile are still underway.
The Associated Press contributed to this report.
-
POLITICA2 días ago
La reacción del Gobierno ante la suba del dólar blue: “No vamos a devaluar ni a corrernos del plan de Caputo”
-
POLITICA2 días ago
Tras la tensión diplomática, Lula quiere eliminar el acuerdo automotriz con Argentina
-
POLITICA3 días ago
Milei respondió el comunicado de Bolivia, insistió en que fue “un golpe montando” y criticó a Lula Da Silva
-
ECONOMIA3 días ago
Por la caída de la actividad económica, el superávit de Milei y Caputo está en riesgo
-
ECONOMIA2 días ago
Para el economista Orlando Ferreres, Luis Caputo anunció «un Plan Bonex con otro nombre»
-
POLITICA2 días ago
Gesto de Milei a Mauricio Macri: el Gobierno resigna su representante en la AGN y se lo cede al PRO