Stories for May 2020

Friday, May 15th 2020 - 08:05 UTC
Trump administration issues Global Maritime Advisory guidelines for ship owners and insurers

The Trump administration on Thursday issued guidelines to help ship owners and insurers avoid the risks of sanctions penalties, standards that maritime players and a senior State Department official said were modified following months of discussions with industry.
Friday, May 15th 2020 - 08:04 UTC
Massive €18 billion support for France's tourism sector, “rescuing it is a national priority”

France announced measures worth €18 billion (US$19 billion) to support its tourism sector, which has been hammered by the COVID-19 crisis and resulting shutdown in beaches, leisure attractions, and hotels.
Friday, May 15th 2020 - 07:51 UTC
China's industrial output in April returned to growth but retail sales remained weak

China's industrial output returned to growth for the first time this year in April, official data showed on Friday, as the country continued its gradual recovery after the coronavirus brought activity to a near-halt.
Friday, May 15th 2020 - 07:46 UTC
Trump mobilizing the military to distribute a coronavirus vaccine when available

President Donald Trump is mobilizing the U.S. military to distribute a novel coronavirus vaccine when one becomes available and will focus first on older Americans.
Friday, May 15th 2020 - 07:40 UTC
WTO chief to step down in September: plenty of time to agree on a successor next year

The World Trade Organization chief announced on Thursday he will step down on August 31, a year before his term ends, despite the COVID-19 pandemic ravaging the global economy. Brazil's Roberto Azevedo said it had been a “personal decision” reached with his family, and stressed that he was not leaving to pursue “political opportunities”.
Friday, May 15th 2020 - 07:15 UTC
How to keep beer flowing in England: Home delivery pub

Britain’s pubs may be shut, but one east London brewer has found a novel way to keep the beer flowing - by packing his kegs into a van and pulling pints on people’s doorsteps.
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.