Stories for August 2020

Thursday, August 20th 2020 - 10:55 UTC
Investor's concern with the shaky Argentine economy, despite the deal with bond holders

Argentine bonds extended a recent dip after the government formalized its US$ 65 billion debt restructuring offer, underscoring investor concern about the country’s shaky economy despite creditors’ rallying behind a deal.
Thursday, August 20th 2020 - 10:51 UTC
Ex Colombian president Uribe, under investigation, resigned his Senate seat

Former Colombian President Alvaro Uribe, who is under investigation for alleged witness tampering, resigned his Senate seat on Tuesday after being placed under house arrest earlier this month.
Thursday, August 20th 2020 - 10:47 UTC
Colombia surpasses half a million Covid-19 cases and 16,000 deaths

Coronavirus cases in Colombia surpassed 500,000 on Wednesday as deaths from the virus approach 16,000 and the country nears the end of five months of lockdown.
Thursday, August 20th 2020 - 10:05 UTC
Oil industry's recovery is incomplete but sustainable

Throughout the summer, oil’s recovery from its devastating crash has looked somewhat dubious. While the price of crude rebounded somewhat, it did not wholly regain its pre-pandemic strength. And while the nations of OPEC+ put measures in place to cut production and close the gap between supply and demand, certain nations involved hinted at the reluctance to keep cuts in place. These factors, coupled with the lingering potential of fresh “waves” of the coronavirus, have kept us from being overly optimistic about the state of oil.
Thursday, August 20th 2020 - 08:48 UTC
Coronavirus spread in Brazil seems to be slowing as transmission rate follows below key level

The spread of coronavirus in Brazil could be about to slow, the Health Ministry said on Wednesday, amid reports the transmission rate has fallen below the key level and early signs of a gradual decline in the weekly totals of cases and fatalities.
Thursday, August 20th 2020 - 08:44 UTC
Brazil invites actor Leonardo DiCaprio to visit the reality of the Amazon

Brazilian Vice President Hamilton Mourao on Wednesday called on actor Leonardo DiCaprio to visit the Amazon to see the reality of the situation there, as the government faces criticisms for rising destruction in the world's largest rainforest.
Thursday, August 20th 2020 - 08:42 UTC
Trump sues New Jersey state for implementing mail voting in November's presidential election

The re-election campaign of U.S. President Donald Trump has sued New Jersey, following a decision on Friday by its Democratic governor to mail a ballot to every voter in the state for November’s elections, as well as hold in-person voting amid the coronavirus pandemic.
Thursday, August 20th 2020 - 08:38 UTC
In two years Apple doubled its value to US$ 2 trillion, becoming world's most costly listed company

Just two years after Apple became the first publicly listed US company with a US$1 trillion stock market value, the iPhone maker has now topped US$2 trillion. The Cupertino, California-based company's shares briefly rose to as high as US$468.65 on Wednesday, equivalent to a market capitalization of US$2.004 trillion.
Thursday, August 20th 2020 - 08:18 UTC
UN pays tribute to humanitarian workers battling Covid-19 pandemic in a year particularly violent

The United Nations paid tribute on Wednesday to humanitarian workers now battling the COVID-19 pandemic after a year in which they found themselves under greater attack than ever before.
Thursday, August 20th 2020 - 07:42 UTC
Most people catch Covid-19 in house to house transmission, UK Health secretary Hancock

Britain is unlikely to follow France in ordering people to wear face coverings at work because its test and trace scheme shows most people catch COVID-19 in house-to-house transmission, health secretary Matt Hancock said on Wednesday (Aug 19).