Stories for 2020

Thursday, May 7th 2020 - 12:47 UTC
Restructuring Argentina’s Private Debt is Essential

By Joseph Stiglitz, Edmund S. Phelps, and Carmen Reinhart (*) – Argentina's creditors are being asked to accept a proposal that would reduce their revenue stream but make it sustainable. A responsible resolution will set a positive precedent, not only for Argentina but for the international financial system as a whole.
Thursday, May 7th 2020 - 10:42 UTC
Argentina has more reported cases of dengue (25.000) than of coronavirus (5,200)

Argentina officially has 5.208 COVID 19 confirmed cases with a death toll of 273 since the pandemic broke out. However the country is suffering from even more acute disease infection, the mosquito-transmitted dengue, with some 25.000 confirmed cases, and of which 5.601 in the last three weeks.
Thursday, May 7th 2020 - 07:58 UTC
Brazil, record number of coronavirus cases: 9.2% jump in one day to 125.218

Brazil, one of the world's emerging coronavirus hot spots, registered a record number of cases and deaths on Wednesday, prompting the health minister to flag the possibility of strict lockdowns in particularly hard-hit areas.
Thursday, May 7th 2020 - 07:56 UTC
US will use all options to free two Americans detained in Venezuela in an alleged failed mercenary attack

The United States will use all options to free two Americans said to be detained in a failed mercenary attack in Venezuela, Secretary of State Mike Pompeo said on Wednesday. “If the Maduro regime decides to hold them, we will use every tool that we have available to try to get them back,” Pompeo told reporters.
Thursday, May 7th 2020 - 07:50 UTC
Trump shifts primary focus to reviving US business and social life; Democrats criticize “undermining science”

President Donald Trump said on Wednesday his coronavirus task force would shift its primary focus to reviving US business and social life while acknowledging that reopening the economy could put more lives at risk.
Thursday, May 7th 2020 - 07:48 UTC
Some 90.000 healthcare workers infected with COVID-19 and 260 killed, Nurses Council claims

At least 90,000 healthcare workers worldwide are believed to have been infected with COVID-19, and possibly twice that, amid reports of continuing shortages of protective equipment, the International Council of Nurses (ICN) said on Wednesday.
Thursday, May 7th 2020 - 07:47 UTC
Brazil expects exports to China to help mitigate the contraction of the country's economy

Brazilian Economy Minister Paulo Guedes said that according to initial estimates, the country's economy would shrink 6% as a result of the recession caused by the new coronavirus pandemic, but now, thanks to the increase in exports to China, expectations are of a retraction of only 4% this year.
Thursday, May 7th 2020 - 07:41 UTC
Brazilian pork exports increase 43% in first quarter, but beef sales dropped 5.86%

Official data shows that Brazilian pork exports have increased by 43.34% in the first quarter of 2020 compared to the first quarter of 2019, with 11,660 tons. In the month of March alone, there was a 37.9% increase compared to March of 2019 when only 4,131 tons were shipped. The main markets are China and Hong Kong.
Thursday, May 7th 2020 - 07:40 UTC
PM Johnson for the first time in Parliament since 25 March, said lockdown ease to begin next week

British Prime Minister Boris Johnson said on Wednesday he could begin to ease a nationwide coronavirus lockdown next week, but warned he would do nothing that would risk a new surge of cases.
Thursday, May 7th 2020 - 07:34 UTC
Brazil lowers interest rates to a record low 3%, with suggestions of a similar cut in June

Brazil’s central bank slashed interest rates more than expected on Wednesday, cutting its benchmark Selic rate by 75 basis points to a record-low 3.00% and previewing another cut as it battles an economic crisis fueled by the coronavirus pandemic.