Stories for May 2020

Thursday, May 21st 2020 - 08:55 UTC
Argentina and creditors find a path to reach an understanding and avoid default

Argentina’s Economy Minister Martin Guzman has hinted that make-or-break talks with international creditors are likely to continue beyond the looming May 22 deadline. It has tentatively elevated hopes that the crisis-prone country will be able to avoid its ninth sovereign debt default.
Thursday, May 21st 2020 - 08:54 UTC
Brazil erratic strategy to combat Covid-19: advocates the use of chloroquine

Brazil's coronavirus outbreak worsened on Wednesday and the country with a population of 210 million could soon have the second-highest number of cases in the world as the Health Ministry reported 888 new deaths and nearly 20,000 new infections in a single day.
Thursday, May 21st 2020 - 08:50 UTC
Peru and the virus: crematoriums working on 24/7 shifts and queues of funeral cars outside hospitals

Peru has become the second Latin American country after Brazil to reach 100,000 coronavirus cases, according to Health Ministry figures out on Wednesday. The number of dead from Covid-19 has also passed 3,000, with only Brazil and Mexico have suffered more. Both cases and deaths have tripled since April 30.
Thursday, May 21st 2020 - 08:49 UTC
Controversy in Argentina over a new bank bill with the image of a brilliant doctor with Nazi connections

Argentina's Jewish community has expressed outrage at the decision to print a banknote bearing the likeness of a doctor who expressed support for Nazi ideology and even backed Josef Mengele's experiments on Jewish prisoners in Auschwitz.
Thursday, May 21st 2020 - 08:29 UTC
US Senate votes a bill targeting Chinese companies' opacity in US exchanges

The U.S. Senate passed legislation on Wednesday that could prevent some Chinese companies from listing their shares on U.S. exchanges unless they follow standards for U.S. audits and regulations.
Thursday, May 21st 2020 - 08:25 UTC
Trump accuses China of “mass worldwide killing” because of its “incompetence”

US President Donald Trump on Wednesday again lashed out at China over the coronavirus pandemic, blaming Beijing for “mass Worldwide killing.” His morning tweet, which also referred to an unidentified “wacko in China,” was the latest heated rhetoric from the White House, where Trump is making attacks on Beijing a centerpiece of his November re-election bid.
Thursday, May 21st 2020 - 07:58 UTC
J&J will stop selling its talk based Baby Powder because of 16.000 lawsuits claiming it is carcinogenic

Johnson & Johnson on Tuesday announced that it would stop selling its talc-based Johnson's Baby Powder in the United States and Canada, saying it was part of a broad reassessment of its consumer product portfolio prompted by the coronavirus pandemic.
Thursday, May 21st 2020 - 07:10 UTC
Vice Admiral Sir David Steel appointed governor of Gibraltar

The government of Gibraltar welcomes the appointment of Vice Admiral Sir David Steel KBE, DL as Governor of Gibraltar.
Wednesday, May 20th 2020 - 22:02 UTC
In post-pandemic, making the transport sector “green” could create 15 million new jobs, ILO

Transforming the transport sector to be more environmentally-friendly in the aftermath of the COVID-19 pandemic, could create up to 15 million new jobs worldwide and help countries move to greener, healthier economies, according to an UN-backed report published on Tuesday.
Wednesday, May 20th 2020 - 21:54 UTC
Argentina establishes a minimum oil price of US$ 45/barrel for domestic sales

Oil companies in Argentina are obligated to maintain production, payrolls, and investment and cannot repatriate profits under a decree that establishes above-market prices for domestic crude. The decree published on Tuesday sets a minimum price of US$ 45/bl for domestic sales of light sweet Medanito crude.