More than 60 U.N. agencies and international organizations urged governments on Thursday to take immediate steps to address the unfolding global recession and financial crisis wrought by the coronavirus pandemic, especially in the world’s poorest countries.
The International Monetary Fund sees the world economy suffering its worst recession since the Great Depression this year, with emerging markets and low-income nations in Africa, Latin America and Asia at particularly high risk.
Brazilian inflation slowed sharply in March, official figures showed on Thursday, falling to its lowest for that month in over quarter of a century as the new coronavirus crisis sapped demand for household goods and transport.
General Motors Co plans to keep its Brazilian factories shut down for at least 60 more days due to the coronavirus crisis, the company said on Thursday, as the final batch of unionized workers voted on the automaker's proposal.
Prime Minister Boris Johnson was recovering in a hospital ward on Friday after ending three days in intensive care for COVID-19, as his government urged Britons to stay at home over Easter.
The U.S. Federal Reserve and the Bank of England ramped up their emergency responses to the world's escalating coronavirus recession on Thursday as they pushed deeper into territory once considered fraught with risk for central bankers.
The Falkland Islands Chief Medical Officer, Dr. Rebecca Edwards, confirmed that a “more aggressive” coronavirus testing strategy will be employed once tests can be carried out in the Falklands.
OPEC, Russia and other allies outlined plans on Thursday to cut their oil output by more than a fifth and said they expected the United States and other producers to join in their effort to prop up prices hammered by the coronavirus crisis.
The World Medical Association has joined other health professions in appealing to the G20 heads of state and governments to take coordinated action to ensure the security of the supply chain of personal protective equipment (PPE) for all health professionals and healthcare workers on the frontline against COVID-19.
The Falkland Islands Government, FIG, recently carried out a business survey in conjunction with the Chamber of Commerce that resulted in 283 responses.