Stories for July 9th 2020

Thursday, July 9th 2020 - 10:45 UTC
Progress in Chapter 11 tranche financing for LATAM Airlines

LATAM Airlines Group S.A. (‘LATAM’) today presented the second tranche financing proposal to the Court of the Southern District of New York, as part of the Chapter 11 process. Tranche A amounts to US$1.3 billion that was committed by Oaktree Capital Management L.P. and its affiliates. This proposal must be reviewed and approved by the court in the coming days.
Thursday, July 9th 2020 - 09:55 UTC
Argentina with a daily record of Covid-19 cases, 3,604

Argentina posted a daily record of 3,604 confirmed cases of COVID-19 as the country grapples with rising infections that are threatening its early success in stalling the spread of the virus.
Thursday, July 9th 2020 - 09:51 UTC
Maduro shuffles military high command, but General Padrino Lopez remains defense minister

Venezuela's President Nicolas Maduro has shuffled his military high command but Defense Minister Vladimir Padrino Lopez, a general, kept his post.
Thursday, July 9th 2020 - 09:49 UTC
Bolsonaro vetoes provisions of a law to aid vulnerable indigenous communities

Brazil's President Jair Bolsonaro on Wednesday vetoed provisions of a law that obligated the federal government to provide drinking water, disinfectants, and a guarantee of hospital beds to indigenous communities amid the COVID-19 pandemic.
Thursday, July 9th 2020 - 09:40 UTC
Trump and Lopez Obrador underline the outstanding relationship between the two countries

President Donald Trump on Wednesday hailed his “outstanding relationship” with his Mexican counterpart Andres Manuel Lopez Obrador as he welcomed him to the White House for the leaders' first one-on-one meeting.
Thursday, July 9th 2020 - 09:30 UTC
Face masks in public at all times become mandatory in Catalonia

Catalonia on Wednesday ordered all residents and visitors to wear face masks in public at all times, becoming the first Spanish region to toughen a national directive mandating their use when in close proximity to others.
Thursday, July 9th 2020 - 09:28 UTC
Brazilian retail sales jumped at an encouraging pace in May

Brazilian retail sales jumped at a record pace in May, official figures showed on Wednesday, suggesting the economy could be on a recovery path as authorities gradually lift social isolation measures taken to curb the spread of the novel coronavirus.
Thursday, July 9th 2020 - 09:25 UTC
“Global Britain” human rights policy faces the challenge of condemning Beijing

Britain's new post-Brexit sanctions regime faces an early test over London's deteriorating relationship with China, as calls mount for it to be used against Beijing officials.
Thursday, July 9th 2020 - 09:20 UTC
UK announces a £30 billion package to save jobs and help the young into work

The UK government on Wednesday unveiled a package worth £30 billion (US$37 billion, €33 billion) to save jobs and help the young into work to kick-start the coronavirus-hit economy.
Thursday, July 9th 2020 - 09:13 UTC
Harvard and MIT challenge in court Trump's administration limiting of foreign students visas

US leading universities Harvard and MIT asked a court on Wednesday to block an order by President Donald Trump's administration threatening the visas of foreign students whose entire courses have moved online because of the coronavirus pandemic.