When the world gets closer.

We help you see farther.

Sign up to our expressly international daily newsletter.

blog

Spain threatens Argentina with retaliation over seizure of YPF

An incensed Spain has threatened swift economic retaliation against Argentina after it seized control of YPF, the South American nation's biggest oil company, in a move which pushed down shares in Spanish energy giant Repsol, the major sharehold

(REUTERS) Madrid - Madrid called in the Argentinian ambassador in a rapidly escalating row over the nationalisation order by Argentina's populist and increasingly assertive president, Cristina Fernandez, a move which delighted many of her compatriots but alarmed some foreign governments and investors.

Promising action in the coming days, Spanish industry minister Jose Manuel Soria said: "With this attitude, this hostility from the Argentine authorities, there will be consequences that we'll see over the next few days. They will be in the diplomatic field, the industrial field, and on energy."

READ MORE

You've reached your limit of free articles.

To read the full story, start your free trial today.

Get unlimited access. Cancel anytime.

Exclusive coverage from the world's top sources, in English for the first time.

Insights from the widest range of perspectives, languages and countries.

Society

The Australian Dream: Lived, Loved And Lost By Yearning Italian Youth

Every year thousands of young Italians apply for a Working Holiday visa and escape to Australia. They have many reasons for leaving — but many seek a better work-life balance down under. And then, there are those who cut their adventure short to return home to the bel paese.

photo looking through windshield

Uluṟu, Mutitjulu, Australia

Laura Loguercio

MILAN — “The last two days it was 35 degrees, but last week we got over 40.” It’s December. As he speaks to me, it is just past 10 p.m. for Alberto Bellini, while here, in cold, wintery Milan, the afternoon has just begun. Alberto is exactly 12,992 kilometers away from my phone: he called me from Karratha, a town of 23,000 inhabitants in Western Australia.

Alberto is one of the thousands young Italians who, every year, decide to leave everything and move to the other side of the world, taking advantage of the Working Holiday visa that, thanks to an international convention, allows them to live and work in Australia for up to three years.

Another land, another language, another life. The reasons for leaving are many and always different, as are those that convince so many to return to Italy after months or years spent abroad. In some cases, the desire to leave is dictated by the immobility of the Italian labor market, which benefits those who already have everything.

Keep reading...Show less

You've reached your limit of free articles.

To read the full story, start your free trial today.

Get unlimited access. Cancel anytime.

Exclusive coverage from the world's top sources, in English for the first time.

Insights from the widest range of perspectives, languages and countries.

The latest