New Argentina treasury minister guarantees peso stability

BUENOS AIRES, Argentina — Argentina’s new treasury minister says he’ll do everything to guarantee the stability of the peso after the local currency’s recent crash.Hernán Lacunza also said Tuesday that the government will meet commitments with the International Monetary Fund that Argentina took as a condition to get a record loan from the IMF.Argentina is struggling with an economic crisis.Conservative President Mauricio Macri recently lost in a primary election by a wide margin against centre-left Alberto Fernández.Macri’s loss and fears of a potential return to interventionist policies by a leftist administration hit markets, crashed the peso currency and sent stocks and bonds tumbling.Lacunza officially took over the post Tuesday after meeting with Macri. He’s replacing Nicolas Dujovne who brokered the IMF deal and announced his resignation over the weekend.The Associated Press read more

Flights back to normal today following UK air traffic control issue

first_imgFLIGHT SCHEDULES IN airports across the UK and Ireland are said to be operating as normal today following an issue with the air traffic control system in the south of England yesterday that caused delays and some cancellations.The National Air Traffic Control Service (NATS) said a technical problem occurred in relation to an internal telephone system used by controllers but confirmed yesterday evening that this had been resolved.Today airports and airlines sought to reassure passengers that flight schedules have returned to normal and they would be operating on time.A number of flights from Dublin Airport to London have already departed on time this morning and a spokesperson for Aer Lingus told the airline is “operating a full service” today.Yesterday Eurocontrol said approximately 1,300 flights- almost 8 per cent of European traffic – were severely delayed by the glitch.Read: Flights getting back to normal after major air traffic control problem fixed>last_img read more