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.
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.
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.
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.
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.
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.
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.
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).
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.
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.