Stories for May 28th 2020

Thursday, May 28th 2020 - 09:29 UTC
IDB US$ 1,7bn loan for Uruguay to address the Covid-19 pandemic

Uruguay's Economy minister Azucena Arbeleche confirmed that the Inter American Development Bank had awarded the country a 1,7bn dollars soft loan to address the sanitary, social and economic emergency as a consequence of the COVID-19 pandemic.
Thursday, May 28th 2020 - 08:40 UTC
The Americas will bear the brunt of the pandemic job losses, ILO report

The Americas will bear the brunt of an estimated 305 million job losses that the coronavirus pandemic will cause worldwide between April and June, the International Labour Organization (ILO) said on Wednesday.
Thursday, May 28th 2020 - 08:39 UTC
Chile, once the darling of foreign investors, struggling with coronavirus, inequality and poor public services

Chile's government is struggling to control a coronavirus outbreak that could revive mass social unrest as its hospital system comes under increasing pressure. With a population of 18 million, Chile is reporting new Covid-19 cases at a pace comparable to that of Spain at the peak of the virus' spread in March, on a per capita basis, and resources are close to maxed out in Latin America's wealthiest economy.
Thursday, May 28th 2020 - 08:35 UTC
Peruvian record lockdown: three months paralyzing the economy

The health system in Peru is on the brink of collapse, with public hospitals facing drastic equipment shortages amid a rising number of coronavirus cases. A University of Washington study has projected that Covid-19 deaths in Peru will reach nearly 20,000 by August, indicating that demand is likely to outstrip the supply of beds in intensive care units.
Thursday, May 28th 2020 - 08:34 UTC
Brazil's coronavirus death toll surpassed 25,000 as the pandemic accelerates

Brazil's death toll from the new coronavirus surpassed 25,000 on Wednesday, as the country emerged as the latest epicenter in the pandemic. The health ministry said it had confirmed 1,086 new deaths in the past 24 hours, the fifth time the daily toll has exceeded 1,000 since the crisis accelerated in Brazil a week ago.
Thursday, May 28th 2020 - 08:25 UTC
EU unveils 750bn Euro recovery package, but Italy and Spain must convince their northern partners

The European Union unveiled a proposed 750-billion-euro (US$ 825bn) recovery plan Wednesday to get the continent back on its feet after the devastation wreaked by the coronavirus pandemic, as Latin America outpaced Europe and the US in the number of daily infections.
Thursday, May 28th 2020 - 08:13 UTC
Stubborn Johnson insists in keeping Cummings: 59% believe the advisor should resign

Prime Minister Boris Johnson urged Britain on Wednesday to move on from what he described as a “very, very frustrating episode” when his closest adviser provoked outrage for taking a long-distance drive during the coronavirus lockdown.
Thursday, May 28th 2020 - 08:10 UTC
US surpasses the milestone of 100,000 coronavirus deaths

Unthinkable just four months ago, the United States on Wednesday surpassed the grim milestone of 100,000 coronavirus deaths, as the pandemic tightened its grip on Latin America.
Thursday, May 28th 2020 - 08:07 UTC
American Airlines plan to reduce management and support staff by 30%

American Airlines Group Inc must reduce its management and support staff by about 30% and may have to cut frontline employees as it downsizes due to the coronavirus outbreak, showed a letter to employees made public on Wednesday.
Thursday, May 28th 2020 - 07:30 UTC
Mining giant Rio Tinto admits blowing up ancient Australian aboriginal rock shelters

Anglo-Australian mining giant Rio Tinto has admitted damaging ancient Aboriginal rock shelters in the remote Pilbara region in Australia, blasting near the 46,000-year-old heritage site to expand an iron ore mine.