This is an audio transcript of the FT News Briefing podcast episode: ‘Javier Milei scores Argentina economy win’ Kasia Broussalian Good morning from the Financial Times. Today

Argentina’s President Javier Milei has been granted Italian citizenship while on a state visit to Italy, a spokesperson for Italy’s Foreign Ministry told CNN.

Argentina’s president received a congratulatory message from Elon Musk for reportedly balancing out the country’s budget and achieving a financial surplus in his first year of leadership. President Milei has also expressed his desire to make his country a central hub for artificial intelligence.

Argentina emerged from a severe recession in the third quarter, marking a milestone for libertarian president Javier Milei’s bid to end the country’s long-running economic crisis.

Italy's citizenship laws are based on jure sanguinis or "right of blood", and allow even distant descendants of an Italian national to get a passport.