Stories for August 2020

Thursday, August 6th 2020 - 09:21 UTC
Destruction of Beirut port silos leaves Lebanon with only a month of wheat

Lebanon’s main grain silo at Beirut port was destroyed in a blast, leaving the nation with less than a month’s reserves of the grain but enough flour to avoid a crisis, the economy minister said on Wednesday.
Thursday, August 6th 2020 - 09:20 UTC
Hiroshima remembers the 75th anniversary of the first atomic bomb

Bells tolled in Hiroshima on Thursday for the 75th anniversary of the world’s first atomic bombing, with ceremonies downsized due to the novel coronavirus and the mayor urging nations to reject selfish nationalism and unite to fight all threats.
Thursday, August 6th 2020 - 09:19 UTC
Brazil's central bank cuts Selic lending rate to a record low of 2%

Brazil's central bank cut its key Selic lending rate to a record low on Wednesday and left the door open for more cuts, as the outlook for inflation remains below target amid the impact of the coronavirus pandemic on the economy.
Thursday, August 6th 2020 - 09:02 UTC
Falklands survey explores how Covid-19 and response has affected people's lives

The Falkland Islands Government would like to remind the public to complete the ongoing survey to gather views from across the community to explore how Covid-19 and the response to a potential epidemic have affected people’s day to day lives.
Thursday, August 6th 2020 - 08:59 UTC
Beirut blast point to years on inaction and negligence over storage of explosives

Initial investigations into the Beirut port blast indicate years of inaction and negligence over the storage of highly explosive material caused the explosion that killed more than 150 people, injured thousands and left 300,000 homeless, an official source revealed
Thursday, August 6th 2020 - 08:30 UTC
Falklands/Chile commercial air link suspended until at least November

The Falkland Islands government, FIG, which continues to review connetivity, was informed by LATAM that the weekly air link with Chile, via the Punta Arenas-Santiago route will remain suspended until at least 7 November 2020, and the situation will be reviewed near that date.
Thursday, August 6th 2020 - 08:02 UTC
Falklands analyzes Visitor Policy and gloomy prospects for next tourist season

The Falkland Islands Executive Council considered this week a paper relating to the current Quarantine and Visitor Policy and its implications for tourism, given the global situation of the industry, and international connectivity. Lawmaker Mark Pollard admitted that under current circumstances the next tourist season in the Falklands will not be able to rely on international visitors.
Thursday, August 6th 2020 - 08:01 UTC
Petrobras opens bidding notice for the lease of Regasification Terminal in Bahia

Brazil oil giant Petrobras released a bidding notice for the lease of the Bahia LNG regasification terminal (TR-BA) and its associated facilities. The bidding will be restricted to companies accepted in the prequalification call which will follow pre-established criteria.
Wednesday, August 5th 2020 - 08:56 UTC
Argentina reaches an agreement with majority of creditors and looks to convince the undecided

Argentina has reached an agreement with creditors to restructure around US$ 65 billion in sovereign debt, breaking a deadlock in talks that will help the country climb out of default and banish fears of a damaging and protracted legal standoff.
Wednesday, August 5th 2020 - 08:55 UTC
Argentina deal with bondholders was at 54,8 cents to the dollar; next step IMF negotiations

Argentina is battling to escape from a messy ninth sovereign default as it firefights recession, stubborn inflation, and increasingly wary investors. The country announced on Tuesday it had reached an agreement with creditors to restructure around US$ 65 billion in foreign debt, breaking a deadlock over recent weeks and setting the stage for a formal deal later this month.