Stories for May 2020

Monday, May 11th 2020 - 08:40 UTC
Pandemic: Brazil reports over 11,000 deaths on Sunday and 162,699 positive cases

Brazil, the hardest-hit Latin American country in the coronavirus pandemic, has surpassed 11,000 deaths, according to figures released on Sunday by the Ministry of Health.
Monday, May 11th 2020 - 08:35 UTC
China and US clash over reference to WHO in a UN global cease fire statement

China and the United States both supported a draft United Nations Security Council resolution confronting the coronavirus pandemic on Thursday, and it was “shocking and regretful” that Washington changed its mind on Friday, a Chinese diplomat said.
Monday, May 11th 2020 - 08:31 UTC
Oil glut and lack of storage continues to weigh on oil prices

Oil prices opened about one percent lower on Sunday as a persistent glut continued to weigh on prices and COVID-19 eroded global oil demand even as some governments began to ease lockdowns.
Monday, May 11th 2020 - 08:28 UTC
Germany and EU will become less foreign dependent in medical industry, minister Altmaier

The coronavirus pandemic has shown Europe is too reliant on other countries for some medical supplies, and European states should work together to further diversify international supply chains, German Economy Minister Peter Altmaier said in an interview with global media.
Monday, May 11th 2020 - 08:20 UTC
Serious fist and stone incident in India-China border post in disputed area

Several Indian and Chinese soldiers were injured in a high-altitude cross-border clash involving fistfights and stone-throwing at a remote but strategically important mountain pass near Tibet, the Indian Army said on Sunday.
Monday, May 11th 2020 - 08:07 UTC
Netherlands aligns with “protectionist” French policy in trade deals conditions

France and the Netherlands have joined forces to urge the European Union to enforce environmental and labor standards more forcefully with countries the bloc signs trade deals with, according to a document anticipated by the Financial Times.
Monday, May 11th 2020 - 07:48 UTC
Unemployment will “get worse before they get better”, says Mnuchin

The staggering US unemployment rate reported by the government on Friday amid coronavirus lockdowns may get even worse, Treasury Secretary Steven Mnuchin said on Sunday.
Monday, May 11th 2020 - 07:36 UTC
UK schools and shops to begin opening June first; Outdoor exercises and some sports from Wednesday

British Prime Minister Boris Johnson on Sunday announced a phased plan to ease a nationwide coronavirus lockdown, with schools and shops to begin opening from Jun 1 - as long as infection rates stay low.
Saturday, May 9th 2020 - 08:58 UTC
Argentina extends mandatory lockdown in Buenos Aires and metropolitan area

After 50 days in mandatory lockdown, Argentina's President Alberto Fernández announced on Friday that the quarantine will be extended until May 24th.
Saturday, May 9th 2020 - 08:57 UTC
Argentina open to proposals from bondholders: default deadline stands at 22 May

Argentina will keep pushing for talks with creditors even as a deadline for its US$ 65 billion debt restructuring proposal passed on Friday with little sign it had the support needed from international bondholders to unlock a comprehensive deal. Apparently on averaged less than 20% of bondholders accepted Argentina's conditions