"Argentina's Top Court Halts Milei's Labour 'Mega-Decree', Casting Shadow on Reform Agenda"

Argentina's top court has suspended a 'mega-decree' of over 300 labour reforms introduced by President Javier Milei, following a legal challenge by the General Labour Confederation. The reforms, which included extending probation periods and reducing severance compensation, were deemed by the court to exceed the administration's authority as they bypassed Congress. Milei's government plans to appeal the decision. The president, who took office on December 10, has already implemented significant economic changes, including a 50% devaluation of the currency and cuts to subsidies, aiming to reshape the economy and reduce the state's size amidst high poverty and inflation rates.