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Argentina’s poverty level rises to 57.4%, marking 20-year high

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Argentina’s poverty level rises to 57.4%, marking 20-year high

Argentina’s poverty level rose to 57.4% last month, reaching the highest percentage in at least 20 years, according to a report by the Catholic University of Argentina.

A local media company wrote about the report, according to Reuters, which said newly elected President Javier Milei’s devaluation of the peso, executed shortly after his inauguration in December, caused poverty levels to worsen.

In fact, the poverty level at the end of the year was 49.5%.

The devaluation of the peso also caused prices of nearly everything to rise.

IN ARGENTINA, SOUP KITCHEN SEES RISE IN HUNGRY FAMILIES AS INFLATION INCREASES

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A sign outside a store reads in Spanish “We accept Dollars” in Buenos Aires, Argentina, December 12, 2023.  (REUTERS/Tomas Cuesta/File Photo)

“The true inheritance of the caste model: Six out of every 10 Argentines are poor,” the libertarian president said in a social media post on Saturday. “The destruction of the last hundred years is unparalleled in Western history.

“Politicians have to understand that the people voted for change and that we are going to give our lives to bring it forward,” Milei added. “We did not come to play the mediocre game of politics. We came to change the country.”

Since taking office on Dec. 10, Milei has made good on many campaign promises to fundamentally overhaul the historically socialist federal government of Argentina.

ARGENTINA’S PRESIDENT MILEI HOLDS LIVESTREAM RAFFLE FOR HIS LAST SALARY AS LAWMAKER

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President of Argentina Javier Milei gives a speech after his Inauguration Ceremony at National Congress on December 10, 2023, in Buenos Aires, Argentina.  (Marcelo Endelli/Getty Images)

But Milei’s drastic overhaul of the country’s economy is not expected to be a smooth operation. The president himself has characterized it as financial “shock therapy” that will negatively affect thousands of citizens.

Milei signed a decree in December, outlining his plan to address the crisis. The plans included the privatization of state-owned companies, though he did not name the specific firms, Reuters reported. He previously said he favors the privatization of state-owned oil company YPF.

Argentina has South America’s second-largest economy, but is suffering 143% annual inflation, which has caused the country’s currency to plummet.

ARGENTINA’S MILEI CUTS 5,000 GOVERNMENT JOBS, WILL NOT RENEW CONTRACTS

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A supporter holds a giant dollar bill with the face President elect Javier Milei as people start gathering outside National Congress ahead of his inauguration ceremony on Dec. 10, 2023 in Buenos Aires, Argentina. (Marcelo Endelli/Getty Images)

The country also has a trade deficit of $43 billion as well as $45 billion in debt to the International Monetary Fund, with $10.6 billion due to private and multilateral creditors by April.

On Friday, the country’s economy ministry reported a January budget surplus of 518.41 billion pesos, or $620.85 million. The announcement marked the first time the number has been in the green since August 2012.

Reuters reported that it was not immediately able to see a copy of the report.

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Fox News Digital’s Timothy H.J. Nerozzi and Reuters contributed to this report.

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Kid Cudi Fires M.I.A. From His Tour After She Is Booed During Republican Rant: ‘I Won’t Have Someone on Tour Making Offensive Remarks’

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Kid Cudi Fires M.I.A. From His Tour After She Is Booed During Republican Rant: ‘I Won’t Have Someone on Tour Making Offensive Remarks’

Kid Cudi has announced that he fired M.I.A. as one of the openers on his Rebel Ragers Tour.

The move comes after a viral rant she made on May 2 during the Dallas date at the Dos Equis Pavilion, where she was booed during a monologue, which included lines like, “I’ve been canceled for many reasons. I never thought I would be canceled for being a brown Republican voter.” She also said, “I can’t do ‘Illegal,’ though some of you could be in the audience.” Her words were first amplified by social media posts and via Reddit (and through Consequence of Sound).

Cudi announced her departure from the tour on May 4 via Instagram, where he wrote, “TOUR UPDATE: M.I.A is no longer on this tour. I told my management to send a notice to her team before we started tour that I didn’t want anything offensive at my shows, cuz I already knew what time it was, and I was assured things were understood. After the last couple shows, I’ve been flooded with messages from fans that were upset by her rants. This, to me, is very disappointing, and I wont have someone on my tour making offensive remarks that upsets my fanbase. Thank you for understanding. Rager.”

The Rebel Ragers Tour, which launched on April 28 in Phoenix, includes stops in 30 North American cities, with Big Boi still on board for all dates. A-Trak, Me N Ü and Dot Da Genius are also slated to open during certain shows.

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Watch fan-shot video from M.I.A.’s rant below.

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Somali pirate and Houthi alliance targets $1T oil trade route with revived hijack tactic

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Somali pirate and Houthi alliance targets T oil trade route with revived hijack tactic

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A surge in Somali piracy is fueling fears of a Red Sea “security vacuum” across the region as analysts warn of a revived maritime crime playbook, now linked to Iran-backed Houthis.

The warning follows a May 2 report from Yemen’s coast guard that armed men hijacked an oil tanker off Shabwa and steered it toward the Gulf of Aden, and the vessel has since been located with recovery efforts underway, Reuters reported.

“There is a fundamental shift in the maritime center of gravity amid a new phase of maritime instability in the region,” Ido Shalev, chief operating officer at RTCOM Defense, told Fox News Digital.

“Somali and Houthi-linked groups are teaming up — using skiffs and new tech to strike ships with coordination not seen in a decade — while Saudi crude rerouted from the Strait of Hormuz has created a ‘target-rich environment for them,’” he added.

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COULD SOMALILAND BASE EMERGE AS US FOOTHOLD AGAINST IRAN, HOUTHIS IN KEY SEA LANES?

Members of the Puntland Maritime Police Force (PMPF) sit on a speed boat as they patrol the Gulf of Aden waters off the coast of Bosaso in the semi-autonomous region of Puntland, Somalia. (Abdirahman Hussein/Reuters)

“There is an opportunistic alignment, with the Houthis providing geopolitical cover and advanced GPS and surveillance, and Somali groups providing the boots on the ground or skiffs on the water,” Shalev said.

With the MT Eureka taken off Shabwa, Shalev, a former Israeli naval officer, suggested what he called the “Somali model” had returned “with a vengeance.”

“This is a transactional collaboration, and in the exact area where the Houthis are active and would like to cause damage and support their IRGC sponsor,” he said before describing how pirates would hijack the entire ship and cargo, taking them to a secure anchorage “like Qandala or Garacad.”

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“They then demand a ransom for the entire package: the vessel, the tens of millions of dollars in oil, and the crew,” he said.

TRUMP HALTS MILITARY STRIKES ON HOUTHIS BUT EXPERT WARNS IRAN-BACKED TERRORIST GROUP REMAINS MAJOR THREAT

Somali and Houthi-linked groups are teaming up using skiffs and new tech to strike ships with coordination not seen in a decade. (Jason R. Zalasky/U.S. Navy via Getty Images)

The surge in regional risk is also exacerbated, Shalev said, by the volatility of the Strait of Hormuz. As Iranian-backed threats persist in the Persian Gulf, global energy flows are shifting.

“Due to the closure and instability of the Strait of Hormuz, Saudi Arabia has diverted millions of barrels of crude per day through its East-West pipeline to the Red Sea port of Yanbu,” the former Israeli naval officer said.

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“This creates a target-rich environment in a sector that was previously a backbound route. With Brent Crude prices surging — peaking near $115/bbl this quarter — the prize for a successful hijacking has never been higher.”

The risk level in waters off Somalia was recently upgraded to “substantial” following a wave of hijackings and attempted attacks that began April 21, according to Windward AI and alerts from the U.K. Maritime Trade Operations (UKMTO).

At least three vessels were hijacked within days: a Somali-flagged fishing boat on April 21, followed by the Palau-flagged tanker Honour 25 (IMO 1099735), and, by April 26, a general cargo ship seized and redirected to Garacad.

ISRAEL’S NAVY HITS HOUTHIS IN YEMEN IN ‘UNIQUE’ STRIKE AFTER TRUMP PROMISES END TO US OPS

The surge in regional piracy risk is exacerbated by the volatility of the Strait of Hormuz as Iranian-backed threats persist in the Persian Gulf and global energy flows are shifting. (Mass Communications Specialist 1st Class Cassandra Thompson/U.S. Navy via Getty Images)

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Shalev, who served as the lead architect for Nigeria’s “Falcon Eye” project — a surveillance system that successfully reduced piracy in those waters to 0% — warned that the distraction of global warships is being exploited.

“Because international naval forces are preoccupied with missile threats, a ‘security vacuum’ has now opened in the region, so pirates can travel vast distances in skiffs to board vulnerable commercial vessels,” he said.

“Somali piracy, which had been suppressed for years, has seen this sharp resurgence that also correlates perfectly with the Houthi crisis in the Red Sea and Gulf of Aden,” Shalev said.

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The Red Sea carries 12% to 15% of global trade and about 30% of container traffic, moving over $1 trillion in goods annually, including oil and LNG, according to reports.

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“The current crisis proves that you cannot ‘patrol’ your way out of this; you have to see the threat before it ever reaches the ship,” Shalev said.

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Clash between Azerbaijan and European Parliament at the Yerevan summit

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Clash between Azerbaijan and European Parliament at the Yerevan summit

Tensions flared on Monday between Azerbaijan’s President Ilham Aliyev and European Parliament boss Roberta Metsola at a high-level political summit held in Armenia.

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Addressing the European Political Community, which brings leaders from the EU, neighbouring countries with shared interests and candidate countries together, Aliyev accused the European Parliament of “spreading slander and lies” about Azerbaijan.

Metsola, who chairs the EU parliament, rejected the claims in a sharp rebuttal, as she asked to take the floor in an impromptu intervention. “We will never change the way we work,” she told the chamber, “even if it is uncomfortable”.

Prior to her intervention, Aliyev also claimed members of the European parliament act as though they want to “sabotage” the peace process with Armenia brokered by the US last year, setting a diplomatic and economic framework after the Nagorno-Karabakh conflict. The accord put an end to nearly four-decades of armed tensions.

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Aliyev added that the Parliament has adopted 14 resolutions critical of Azerbaijan, describing the record as “a kind of obsession” with the country.

He also announced that Azerbaijan’s parliament will suspend cooperation with the European Parliament across all areas.

While he criticised the parliament, he welcomed the efforts of the European Commission in fostering relations as Brussels looks to expand its bilateral relationship with Baku, an exporter of oil and gas, and engage with the wider South Caucasus region.

Metsola responded shortly afterwards, defending the parliament’s role.

“The European Parliament is a directly elected democratic body, with resolutions adopted by a majority,” she said. “We understand that outcomes may be uncomfortable for some, but we will never change the way we work.”

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According to European Parliament sources speaking to Euronews, Aliyev’s remarks were not scheduled, prompting Metsola to ask for the floor to clear the parliament’s record.

The European Political Community is being held in Yerevan, Armenia, and brings together leaders from nearly 50 European countries and is seen as an opportunity to advance diplomatic relations between Armenia and Azerbaijan.

The next EPC summit is scheduled to take place in Azerbaijan in May 2028.

Aliyev will meet Italian Prime Minister Giorgia Meloni in Baku later on Monday and EU foreign policy chief Kaja Kallas on Tuesday.

Azerbaijan suspends ties with European Parliament

The European Parliament’s most recent resolution on Azerbaijan was adopted last week in Strasbourg, focusing largely on democratic resilience in Armenia, while raising concerns for Baku.

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The resolution called for the right of return of Armenians who fled the region in 2023 after an armed conflict broke out over a disputed region. It described the detention of Armenian prisoners of war by Azerbaijan as “unjust” and urged their “immediate and unconditional release.”

According to the resolution, Armenians should be granted “the protection of their identity, property, and cultural heritage”.

Previous resolutions have echoed similar concerns, including criticism of Azerbaijani military actions in the region.

Azerbaijan’s parliament approved a resolution on Friday by a special parliamentary commission that was established to address what it called “hostile activities” towards the country, following multiple critical resolutions from the European Parliament.

Hikmet Hajiyev, assistant to the President of Azerbaijan and head of the Foreign Policy Affairs Department of the Presidential Administration, called the European Parliament resolution as “a diplomatic disgrace and diplomatic failure”, and accused members of the parliament of “creating obstacles to a peace process.”

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