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The abrupt departure of Argentina's economy minister and lack of a clear successor could threaten to further destabilize an economy already shaken by sky-high inflation, rising energy costs and growing fears over possible new defaults on debt. Martin Guzman, the architect of the South American country's recent $44 billion deal with the International Monetary Fund (IMF), resigned on Saturday as tensions within the government boiled over as to how to handle the economic crisis in one of the world's top grain producers. A relative moderate, he had clashed with the more militant wing of the ruling Peronist coalition around powerful Vice President Cristina Fernandez de Kirchner, who had publicly criticized Guzman and called for more public spending.
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The government has said pay rises risk making inflation worse.
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Argentine President Alberto Fernandez held meetings and telephone calls on Sunday morning as he scrambled to find a new economy minister, official sources said, after the exit of ally Martin Guzman. "No news," a government spokesperson told Reuters on Sunday morning. Guzman, 39, submitted his resignation late on Saturday amid rising tensions within the ruling Peronist coalition of how to handle economic crises that have been exacerbated by Russia's invasion of Ukraine and sky-high inflation.
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Canada is persisting with its fairly relaxed approach to regulating funds claiming environmental, social and governance (ESG) credentials despite recent allegations of "greenwashing" elsewhere that have spurred other regulators including the U.S. Securities and Exchange Commission to consider tightening rules. The Canadian Securities Administrators (CSA) issued guidance for ESG funds early this year that simply clarified how existing regulations apply to them. Canadian responsible equity funds' assets under management grew 24% from a year earlier to C$22.4 billion ($17.3 billion) in May, according to Refinitiv data.
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Surely no one takes on the responsibility of parenthood just for the tax breaks? If they do, I doubt that they’d make very good parents