Stories for April 7th 2020

Tuesday, April 7th 2020 - 09:00 UTC
Falkland Islands signs contract for new port in Stanley harbor

The Falkland Islands Government announced on Monday that it has completed and signed a contract with BAM Nuttall for the design and build of a new port in Stanley Harbor.
Tuesday, April 7th 2020 - 08:59 UTC
Argentina beef exports to the EU and China plunge

Market reports suggest that Argentine beef shipments to the European Union have reduced to almost zero amid the global coronavirus pandemic. Sales to China, the main buyer, have dropped below 2019 levels.
Tuesday, April 7th 2020 - 08:52 UTC
US court accuses ex FIFA executive members of taking bribes from Russia and Qatar

Russia and Qatar offered and paid bribes to secure votes in the process that saw them awarded the 2018 and 2022 World Cups, an indictment in the United States alleges. The document, brought by federal prosecutors in New York as part of the long-running investigation into corruption surrounding football's governing body, claims several former members of FIFA's executive committee were offered or indeed received bribes relating to their votes.
Tuesday, April 7th 2020 - 07:59 UTC
Brazilian Health minister remains: Bolsonaro's decision overturned by the generals in his cabinet

Brazilian Health Minister Luiz Henrique Mandetta said on Monday he will continue in his post after overcoming a disagreement with President Jair Bolsonaro over the need for social distancing to stop the spread of coronavirus.
Tuesday, April 7th 2020 - 07:53 UTC
US markets bullish response to Trump's “Light at the end of the tunnel”

Hopes that the economy-crushing coronavirus pandemic might be easing sent Wall Street climbing sharply on Monday with all three main indices higher at the close of trading.
Tuesday, April 7th 2020 - 07:53 UTC
Beijing furious with Brazil after Education minister links COVID-19 pandemic to China's “plan for world domination”

China demanded an explanation from Brazil on Monday after the conservative government’s education minister linked the COVID-19 coronavirus pandemic to the Asian country’s “plan for world domination,” in a tweet imitating a Chinese accent.
Tuesday, April 7th 2020 - 07:50 UTC
Johnson in intensive care; Raab deputizes; support from Trump and Macron

British Prime Minister Boris Johnson was moved to an intensive care unit on Monday after his coronavirus symptoms worsened, although his Downing Street office said he was still conscious. Britain has no formal succession plan should the prime minister become incapacitated, but Johnson, 55, has asked Foreign Secretary Dominic Raab to deputize for him.
Tuesday, April 7th 2020 - 07:50 UTC
COVID-19 hits hard US economy, with millions of jobs lost, but the dollar remains king

The COVID-19 outbreak in the United States has caused millions of people to lose their jobs and brought the economy to its knees but it has not dethroned the American dollar. On the contrary, the currency has risen in value this year, gaining six percent from its lowest point reached in early March, according to the US dollar index, which measures the greenback's value against a basket of other currencies.
Tuesday, April 7th 2020 - 07:49 UTC
US warns China following the sinking of a Vietnamese fishing vessel near disputes islands

The United States on Monday warned China not to take advantage of the coronavirus pandemic to exert itself in the South China Sea after Vietnam said Beijing sank a trawler.
Tuesday, April 7th 2020 - 07:48 UTC
Central Chile drought has residents and mining companies clash over water rights

With historically low river flows and reservoirs running dry due to drought, people in central Chile have found themselves particularly vulnerable to the coronavirus pandemic. Years of resource exploitation and lax legislation have allowed most reservoirs in that part of the country to run dry.