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Argentina's President Javier Milei celebrates after the La Libertad Avanza party won the midterm election, which is seen as crucial for Milei's administration after U.S. President Donald Trump warned that future support for Argentina would depend on Milei's party performing well in the vote, in Buenos Aires, Argentina, October 26, 2025.

REUTERS/Cristina Sille

​What We’re Watching: Milei’s smashing election night, Brazil’s Lula eyes US trade deal, Sudan’s rebel forces seize stricken Darfur town

Argentina’s Milei bounces back in midterms

Argentine President Javier Milei’s La Libertad Avanza party surged in yesterday’s parliamentary elections, getting more than 40% of the vote – against just 32% for the opposition Peronists – winning enough seats to ensure the opposition can’t override the president’s veto. Milei was in a tough spot ahead of the vote, facing a stagnating economy, a corruption scandal involving his sister, and dwindling central bank reserves (a result of his policy of propping up the peso). But the results suggest Argentine voters appreciate the “anarcho-capitalist” outsider’s efforts to tame inflation via economic “shock therapy.” Argentine bonds surged following the results, which gives Milei a mandate to continue with his approach while also opening the way for a $20 billion bailout from the United States.

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Election season is here

As we race toward the end of 2025, voters in over a dozen countries will head to the polls for elections that have major implications for their populations and political movements globally.

Today, GZERO is highlighting three of them that stand out to us – in the United States, Argentina, and Côte d’Ivoire. The issues each of those electorates face are different, but the results could provide insight into the future of larger political trends.

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US President Donald Trump and Argentine President Javier Milei react at the White House in Washington, D.C., USA, on October 14, 2025.

REUTERS/Jonathan Ernst

What We’re Watching: Trump makes conditional pledge to Argentina’s Milei, Syria’s new leader meets old foe, Cameroon’s opposition leader declares victory

Trump pledges money to Argentina – if Milei’s party wins midterm

US President Donald Trump appeared to hand Argentine President Javier Milei a financial lifeline ahead of the South American nation’s midterm election later this month, pledging to grant the long-suffering economy a $20-billion bailout. But, the US leader added, “If he loses, we are not going to be generous with Argentina.” Trump denied that he was seeking to boost Milei ahead of the midterms, but Democrats criticized him for helping out a foreign administration while the US federal government is shut down. It’s also unclear what would constitute enough of a “win” for Milei in the eyes of Trump – the Argentine leader is hoping to win a third of Chamber of Deputies seats so that he can gain veto power.

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Argentine President Javier Milei speaks to the media while standing on a vehicle with lawmaker Jose Luis Espert during a La Libertad Avanza rally ahead of legislative elections on the outskirts of Buenos Aires, Argentina, on August 27, 2025.

REUTERS/Agustin Marcarian

Dual crises throw wrench in Milei’s election plans

The campaign for Argentina’s legislative election officially launched this week, but it couldn’t have gone worse for President Javier Milei. A corruption scandal – one of the very things that he railed against during his successful campaign two years ago – burst into the news after a leaked recording appeared to implicate his sister.

The tapes suggest that Karina Milei, who is also a member of the administration, was involved in a kickback scheme at the National Disability Agency (ANDIS). Nothing has been proven, but the federal authorities stepped up their investigation in response to the leaked audio.

That’s not all for Milei: alongside the corruption scandal are a host of economic issues that have undermined his policy of fiscal “shock therapy.” Output has been stagnant this year, the peso is massively overvalued – this decreases competitiveness of Argentine exports – and public sector pay is down in real terms. Argentina’s central bank also increased its reserve requirements this week, which could further hit the economy. The concern for Milei is that these issues will overwhelm the success he’s had in bringing down inflation and balancing the budget.

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Argentina's President Javier Milei speaks during the CPAC (Conservative Political Action Conference) in Balneario Camboriu, Santa Catarina state, Brazil, July 7, 2024.

REUTERS/Anderson Coelho

What We’re Watching: Milei deepens Israeli ties, China scales back on Nvidia, Russia doubles down on Ukraine

Milei seeks to spread Israel sympathies across LatAm

Milei seeks to spread Israel sympathies across LatAmAs several nations become increasingly critical of Israel’s tactics in Gaza in recent weeks, one is going in the other direction: Argentina wants to enhance Latin American ties with the Jewish state, via a $1-million initiative called the Isaac Accords. The program will hand research grants to pro-Israel projects conducted in Latin America. Argentine President Javier Milei aims to further expand his goodwill toward Israel next year by expanding the Isaac Accords to more regional countries.

China pressures tech giants over Nvidia AI chip orders

Beijing is demanding Chinese tech firms, including Alibaba and ByteDance, justify purchases of Nvidia’s H20 AI chips. China would prefer that the firms buy domestically. The move follows a deal allowing Nvidia to resume H20 sales in China by paying 15% of revenues to the US government. Now the Chinese scrutiny is prompting some companies to scale back orders, potentially cutting Nvidia’s China market share to 55% this year from 66% in 2024, amid ongoing US-China tech tensions.

Russia doubles down on Ukraine ahead of Alaska summit

In what seems to be an attempt to maximise its territorial gains ahead of Russian President Vladimir Putin’s upcoming summit with US President Donald Trump in Alaska, the Kremlin launched a fresh push in eastern Ukraine this week. The advance comes as Trump renewed his calls for both Moscow and Kyiv to cede territory for a potential peace deal. But while Putin may be showing resolve on the battlefront, he appears to face economic troubles at home: Russia has reportedly enlisted tens of thousands of North Koreans to fill labor shortages as its traditional workforce is increasingly pulled to the frontline.

Deputy head of Russia’s Security Council Dmitry Medvedev delivers a speech during a session of the educational marathon “Knowledge. First” in Moscow, Russia, on April 29, 2025.

Sputnik/Yekaterina Shtukina via REUTERS

What We’re Watching: US-Russia tensions mushroom, Israeli minister prays by al-Aqsa mosque, Milei vetoes pension boost

US-Russia tensions escalate

Are the 1960s calling? A US president is repositioning nuclear submarines while Russia is carrying out previously scheduled anti-submarine drills – with China’s help – in the Sea of Japan. Donald Trump made the move on Friday after former Russian President Dmitry Medvedev, who is now deputy head of Russia’s Security Council, called the threat of US sanctions, “a step towards war.” Secretary of State Marco Rubio played down Medvedev’s words on Sunday, but the tensions remain. US special envoy Steve Witkoff visits Russia this week ahead of the deadline that Trump imposed on Russian President Vladimir Putin to end the Ukraine war or face expanded sanctions.

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A view of the Business School campus of Harvard University in Cambridge, Massachusetts, USA, on April 15, 2025.

REUTERS/Faith Ninivaggi

HARD NUMBERS: Trump tries to ban foreign students at Harvard, Pensioners revolt in Argentina, Escaped bird ponders long flight home & more

7,000: The White House has scrapped Harvard University’s authorization to enroll foreign students, putting the school’s roughly 7,000 foreigners at risk of having to transfer elsewhere or go home. The Trump administration accuses Harvard of fostering antisemitism and violence, and of “coordinating with the Chinese Communist Party.” Harvard plans to appeal the move, which could affect a major source of income, as foreigners typically pay full tuition.

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- YouTube

Meet María Corina Machado, the woman who scares Venezuela's dictator

Born and trained as an engineer, Venezuelan opposition leader María Corina Machado has become a powerful symbol of resistance. Once a fringe opposition politician who shocked the nation by interrupting Hugo Chavez, she now leads the charge against the dictatorial regime of his successor, Nicolás Maduro. Although she has gone into hiding, she has not kept quiet. Through remote interviews and media outreach, she's rallied support for the opposition and praised right-leaning Latin American leaders like Argentina’s Javier Milei and El Salvador’s Nayib Bukele. She defended the Trump administration’s recent move to cancel oil and gas licenses that had allowed energy companies to operate in Venezuela.

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