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.
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.
Venezuela's President Nicolas Maduro has shuffled his military high command but Defense Minister Vladimir Padrino Lopez, a general, kept his post.
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.
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.
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.
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.
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.
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.
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.