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Argentina to hold interest rate at 97% as raging inflation eases, bank sources say

Argentina's central bank is set to hold its benchmark interest rate steady at 97% in the near term with optimism that monthly inflation will slowly ease, two bank sources said on Thursday, a boost for the government ahead of primary elections next month. ....

Buenos Aires , Distrito Federal , United States , Adam Jourdan , Alexandra Hudson , Jorge Otaola , Thomson Reuters Trust Principles , South American , Thomson Reuters Trust ,

Ariane 5 lifts off on last mission as Europe faces space gap

Europe's Ariane 5 rocket on Wednesday blasted off from French Guiana for the final time, carrying two military communications satellites and leaving its nations with a vacuum in autonomous access to space for the first time in more than four decades. ....

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Ash spewing volcano in Peru prompts state of emergency

Peru's government declared a 60-day state of emergency for several southern towns on Wednesday as the country's most active volcano spews ash and gas. ....

Dina Boluarte , Brendan Oboyle , Marco Aquino , Thomson Reuters Trust Principles , Peru Council Of Ministers , National Civil Defense Institute , Geophysical Institute Of Peru , Geophysical Institute , President Dina Boluarte , Carolina Pulice , Brendano Boyle , Thomson Reuters Trust ,

Temperatures seen surging as El Nino weather pattern returns

Temperatures are expected to soar across large parts of the world after the El Nino weather pattern emerged in the tropical Pacific for the first time in seven years, the World Meteorological Organization said on Tuesday. ....

United States , Alex Richardson , Pacific Ocean , Wilfran Moufouma Okia , El Nino , Thomson Reuters Trust Principles , Atmospheric Administration Climate Prediction Center , World Meteorological Organization , Us National Oceanic , Head Of Regional Climate Prediction Service , Atmospheric Administration , Climate Prediction Center , Moufouma Okia , Regional Climate Prediction Service , South America , Central America , Andrew Heavens , Thomson Reuters Trust , Rsbi Climate Change , Rhpi Government Health Policy , Rhpi Public Health ,

El Nino will brew up potent new economic storm

Just when you thought it was safe to hope interest rates might soon peak, along comes more bad news. It looks likely that the El Nino weather phenomenon has returned, according to both the U.S. National Oceanographic and Atmospheric Administration and the Australian Bureau of Meteorology. Its appearance usually results in, or exacerbates, floods, heatwaves, water scarcity and wildfires, especially in the southern hemisphere. The damage these inflict on crops and infrastructure is inflationary, putting pressure on central banks to tighten monetary policy. If climate change makes such events stronger and more frequent, supply shocks will become embedded. ....

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