Economic Impact - Contraband is entering Argentina at historic levels due to the currency crisis in Bolivia and the perceived overvaluation of the Argentine peso [1] - The black market is booming while Argentina's formal economy is in crisis [1] - Shop owners in Iran (near the border) report sales are down 40% this year [3] - A local business chamber estimates 40 businesses have closed due to competition from cheaper contraband [3] Contraband Details - A wide range of contraband products are entering Argentina, including iPhones, vegetables, paper towels, toilet paper, and TVs [2] - Contraband is being transported as far as Buenos Aires, approximately 1000 miles from the border [2] Political Implications - Increased informality in Argentina's job market is observed since December 2023 [3] - President Milei faces a challenging election on October 26th [3] - Locals in Salta province express intolerance towards Milei's austerity policies [4]

We had a dark cloud over the Middle East and now it's all I mean we have a little situation relatively with Hamas and uh that will be taken care of very uh quickly if they don't straighten it out themselves because they're in violation of their agreement. >> What steps is the administration taking to maintain the ceasefire. >> Well, a lot of a lot of steps and right now it's in the hands of others.You know, we have 59 countries that agreed to the deal. We have peace in the Middle East for the first time eve ...

China's paying 55% and a potential 155% come November 1st unless we make a deal. And I'm meeting with President Xi. We have a very good relationship.We're going to be meeting in South Korea in a couple of weeks. And uh we'll see what we can do. If they don't do business with us, I think China's in big trouble.I'll be honest with you. I think China is uh I don't know that they even make it. I really do.I believe that they're in big trouble. And I don't want them to be in big trouble. I want them to do great. ...

Nicolas Sarkozy entered Prison de la Santé on Tuesday morning after his conviction for criminal conspiracy last month, marking the first time a former French president goes to jail. ...

You've got real experience navigating volatile industries, experience in the airline business and experience in the automaker business, too. You took over as CFO in the pandemic. Can you talk to us about this year, Paul.Just how agile have you and the team needed to be and how volatile have things been, too. >> Well, Jonathan, first of all, thank you very much for having us. It's a great day to be at GM and celebrate the success of uh all of our employees and partners worldwide.So really appreciate uh you b ...

Security Breach - A brazen 7-minute robbery occurred at the Louvre [1] - Robbers used a truck-mounted furniture lift to access the first-floor balcony [1] - Security protocols at the Louvre are under scrutiny due to the unnoticed truck [3] Stolen Items - Nine pieces of priceless jewelry were stolen, including a charara, a sapphire necklace and matching earrings from the collection of queens Mariam, an emerald necklace and earrings belonging to Mari Louise, a charara, and a large corsage bow of Empressi [2] - The crown of Empressi, wife of Napoleon 3, was dropped during the escape [3] Investigation - Investigators found a yellow vest with DNA traces at the scene [3] - President Emanuel Mron hopes for the recovery of the artworks and the apprehension of the perpetrators [3]

So, if you were prime minister and NATO jets uh entered, Russian jets entered NATO airspace, where do you stand on that. Do you think they should be >> got to shoot them down. >> No questions.Whatever that does, however much that inflames tensions, Russia needs to be taught a lesson. >> Listen, love you're trying ever so hard. I'm the only person in the world, I think, that stood up in the European Parliament in 2014.And do you know what I said. There will be a war in Ukraine. It's coming.And the only perso ...

Golden Visa Program Status - Several European countries, including Spain, the Netherlands, and Ireland, have discontinued their golden visa programs, while Portugal's program remains active [1] - Portugal revamped its golden visa program in 2023 due to concerns about rising house prices attributed to foreign investors [1] Investment and Economic Impact - Portugal's golden visa program offers routes to citizenship through a €500,000 investment in domestic funds or a €250,000 donation to cultural heritage projects [2] - The Portuguese golden visa program is significantly cheaper than the US equivalent, which requires a $5 million investment [2] - A museum in Kamul, Portugal, has raised over €20 million through golden visa donations [3] - Applications for Portugal's golden visa program surged by 72% in 2024, reaching nearly 5,000, an all-time high [4] - The program has generated more than €7 billion up to 2023 [4] Economic Performance and Criticism - Portugal's economy is growing at twice the rate of the Euro zone average [5] - Critics argue that the funds generated by the golden visa program should be directed towards other sectors in need, such as hospitals and schools [4][5]

Henrietta Treyz, Managing Partner at Veda Partners, discusses the government shutdown and where voters are placing the blame as it enters its third week. A top economic adviser to President Donald Trump suggested that “stronger measures” could be in the offing if the government shutdown, now in its 20th day, doesn’t end this week. National Economic Council Director Kevin Hassett said on CNBC Monday that unless Democrats set aside their health-care demands and support a federal spending package “the White Ho ...

Nicolas Sarkozy leaves home with his wife Carla Bruni and waves to a crowd of people before driving to Prison de la Santé in Paris to begin a jail sentence. The former French president was convicted for criminal conspiracy last month. He’s unlikely to serve the full five-year term and can immediately file a release request, which typically takes a month to process. -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloombe ...