Economy

• Saturday, March 28th 2020 - 08:39 UTC

  US approves the massive US$ 2,2 trillion package to cope with the pandemic

  

  The US House of Representatives on Friday approved a US$2.2 trillion aid package - the largest in American history - to help people and businesses cope with the economic downturn inflicted by the coronavirus pandemic.

• Saturday, March 28th 2020 - 08:34 UTC

  S&P downgrades Mexico and oil giant Pemex credit ratings

  

  S&P downgraded Mexico’s credit rating on Thursday as the coronavirus pandemic and a hit to state oil firm Pemex from plunging crude prices battered the growth outlook and piled pressure on the government to lift the struggling economy.

• Saturday, March 28th 2020 - 08:26 UTC

  Brazil's central bank preparing a “financial bazooka” to prevent recession becoming depression

  

  Brazil’s central bank could soon be forced to fire up the money printing presses if the coronavirus-fueled recession facing Latin America’s largest economy is as devastating as some economists fear.

• Friday, March 27th 2020 - 09:08 UTC

  World leaders pledge US$ 5 trillion to address the global economic collapse

  

  World leaders on Thursday promised US$5 trillion to stave off global economic collapse from the coronavirus pandemic that has killed 21,000 people and shut down huge swathes of the globe.

• Friday, March 27th 2020 - 09:00 UTC

  Pandemic: Falklands government financial support for employers and employees

  

  The Falkland Islands government, FIG, announced this week an initial range of measures aimed at supporting employers and ensuring employees and self-employed continue to receive pay if they have to self-isolate due to Coronavirus.

• Friday, March 27th 2020 - 08:52 UTC

  Xi calls Trump to improve bilateral ties; offers to help combat coronavirus

  

  Chinese President Xi Jinping told US President Donald Trump during a phone call on Friday that he hopes the United States will take substantive action to improve bilateral ties, China's foreign ministry said.

• Friday, March 27th 2020 - 08:21 UTC

  Norway's sovereign fund has lost US$ 124 billion because of the pandemic markets collapse

  

  Norway's sovereign wealth fund, the world's largest, has lost 1.33 trillion Norwegian crowns (US$124 billion) so far this year as stock markets have plunged due to the coronavirus pandemic, it said on Thursday.

• Friday, March 27th 2020 - 08:06 UTC

  Falklands eases recruitment process for temporary employment

  

  The Falkland Islands government, FIG, announced this week that in order to help ease pressure on local businesses Executive Council had approved measures to ease the recruitment process for temporary employment.

• Thursday, March 26th 2020 - 18:53 UTC

  IATA: Airlines need $US200 billion in liquidity to face “apocalypse”

  

  As passenger demand evaporated around the world due to the COVID-19 pandemic, the International Air Transport Association (IATA) has warned airlines are fighting for survival. The airline association stated that airlines need $US200 billion in liquidity support as they face “apocalypse now.”

• Thursday, March 26th 2020 - 08:55 UTC

  Bolsonaro clashes with governors over lockdowns: “they are destroying Brazil”

  

  President Jair Bolsonaro on Wednesday blasted as criminals the governors and mayors of Brazil’s largest states and cities for imposing lockdowns to slow the coronavirus outbreak, as tensions with his health minister simmered. The death toll rose to 57 from 46 while confirmed cases rose to 2,433 from 2,201 the day before.