Stories for May 14th 2020

Thursday, May 14th 2020 - 08:59 UTC
Chile orders total quarantine for Santiago's population following a virus peak of infections

Chile ordered a mandatory total quarantine for the capital Santiago's seven million people on Wednesday, after authorities reported a 60% spike in coronavirus infections in 24 hours, dealing a stunning blow to hopes the economy would soon reopen.
Thursday, May 14th 2020 - 08:59 UTC
Brazil becomes Covid-19 sixth worst hit country and the economy is forecasted to contract 4,7% in 2020

Brazil registered a record number of new cases of COVID-19 on Wednesday surpassing France's tally to become the sixth-worst hit country, as the coronavirus sends the economy towards its worst year since at least 1900.
Thursday, May 14th 2020 - 08:57 UTC
World will have to learn to live with Covid-19, warns World Health Organization

The new coronavirus may never go away and populations around the world will have to learn to live with it, the World Health Organization warned on Wednesday. As some countries around the world begin gradually easing lockdown restrictions imposed in a bid to stop the novel coronavirus from spreading, the WHO said it may never be wiped out entirely.
Thursday, May 14th 2020 - 08:50 UTC
Premier Oil suspends Falklands' Sea Lion project; Navitas remains interested in farm out project

UK-based oil and gas operator Premier Oil has said it has suspended the Sea Lion-1 oil project offshore the Falkland Islands. The company said the US$1.8 billion offshore oil project would be suspended to minimize ongoing spend in light of the current market conditions.
Thursday, May 14th 2020 - 08:50 UTC
Fewer remittances because of Covid-19 will hit hard Central and Latin America

Remittances—the money that immigrants working abroad send home to families on a regular basis—have become a major source of funding for developing countries. In 2019, total global remittances exceeded US$550 billion, putting them on a par with levels achieved by foreign direct investment.
Thursday, May 14th 2020 - 08:41 UTC
US blacklists Cuba for not cooperating on counterterrorism; Havana argues “we are victims of terrorism”

The United States said on Wednesday it had added Cuba to a blacklist of countries that do not fully cooperate on counterterrorism, denouncing the presence of Colombian leftist guerrillas.
Thursday, May 14th 2020 - 08:20 UTC
Merkel frustrated with Russia's “outrages” spying attempts

German Chancellor Angela Merkel voiced frustration on Wednesday that Russia was targeting her in hacking action, saying she had concrete proof of the “outrageous” spying attempts.
Thursday, May 14th 2020 - 08:15 UTC
Chile requests IMF US$ 23,8 billion, under the Flexible Credit Line

The International Monetary Fund (IMF) Executive Board met on Wednesday in an informal session to discuss a request from the Chilean authorities for a two-year arrangement under the Flexible Credit Line (FCL) with the IMF in an amount equivalent to SDR 17.443 billion (about US$23.8 billion or 1,000 percent of quota).
Thursday, May 14th 2020 - 08:11 UTC
US Senate limits internet surveillance tools under the national security umbrella

The US Senate narrowly blocked an amendment on Wednesday that would have prevented law enforcement from collecting information on Americans' Internet habits without a warrant, as the Senate moved toward a reauthorization of divisive surveillance tools.
Thursday, May 14th 2020 - 08:08 UTC
Britain's economy shrank 2% in the first quarter and 5.8% in March

Britain's economy shrank 2% in the first three months of the year, rocked by the fallout from the COVID-19 pandemic, official data showed on Wednesday, with analysts predicting even worse to come.