Economy

• Friday, May 29th 2020 - 08:31 UTC

  Spread of coronavirus threatening Brazilian slaughterhouses

  

  Brazilian food company BRF SA said the potential closure of slaughterhouses due the spread of the novel coronavirus at meat production sites would make it impossible to keep output at current levels.

• Friday, May 29th 2020 - 08:04 UTC

  Falklands drafting “prudent” budget with no proposal to increase fees and charges

  

  The Falkland Islands Government this week unveiled plans for a “prudent” budget that maintains the current levels of expenditure but does not propose any increase in fees and charges. The budget aims to keep the current levels of service delivery but shies away from major investments or increases in operating costs.

• Friday, May 29th 2020 - 07:33 UTC

  German economy to shrink 6,6% this year but rebound 10,2% in 2021

  

  The German economy is likely to shrink by 6.6% this year as a consequence of the coronavirus pandemic before growing by 10.2% in 2021, the Ifo Institute said on Thursday in its latest update.

• Friday, May 29th 2020 - 07:25 UTC

  Johnson, under growing pressure over Cummings issue, announces easing of lockdown conditions

  

  The coronavirus lockdown will ease next week for most of Britain's population, Boris Johnson announced on Thursday, as a row persisted over the prime minister's closest adviser taking a long-distance journey during lockdown.

• Thursday, May 28th 2020 - 09:29 UTC

  IDB US$ 1,7bn loan for Uruguay to address the Covid-19 pandemic

  

  Uruguay's Economy minister Azucena Arbeleche confirmed that the Inter American Development Bank had awarded the country a 1,7bn dollars soft loan to address the sanitary, social and economic emergency as a consequence of the COVID-19 pandemic.

• Thursday, May 28th 2020 - 08:40 UTC

  The Americas will bear the brunt of the pandemic job losses, ILO report

  

  The Americas will bear the brunt of an estimated 305 million job losses that the coronavirus pandemic will cause worldwide between April and June, the International Labour Organization (ILO) said on Wednesday.

• Thursday, May 28th 2020 - 08:39 UTC

  Chile, once the darling of foreign investors, struggling with coronavirus, inequality and poor public services

  

  Chile's government is struggling to control a coronavirus outbreak that could revive mass social unrest as its hospital system comes under increasing pressure. With a population of 18 million, Chile is reporting new Covid-19 cases at a pace comparable to that of Spain at the peak of the virus' spread in March, on a per capita basis, and resources are close to maxed out in Latin America's wealthiest economy.

• Thursday, May 28th 2020 - 08:35 UTC

  Peruvian record lockdown: three months paralyzing the economy

  

  The health system in Peru is on the brink of collapse, with public hospitals facing drastic equipment shortages amid a rising number of coronavirus cases. A University of Washington study has projected that Covid-19 deaths in Peru will reach nearly 20,000 by August, indicating that demand is likely to outstrip the supply of beds in intensive care units.

• Thursday, May 28th 2020 - 08:25 UTC

  EU unveils 750bn Euro recovery package, but Italy and Spain must convince their northern partners

  

  The European Union unveiled a proposed 750-billion-euro (US$ 825bn) recovery plan Wednesday to get the continent back on its feet after the devastation wreaked by the coronavirus pandemic, as Latin America outpaced Europe and the US in the number of daily infections.

• Thursday, May 28th 2020 - 08:13 UTC

  Stubborn Johnson insists in keeping Cummings: 59% believe the advisor should resign

  

  Prime Minister Boris Johnson urged Britain on Wednesday to move on from what he described as a “very, very frustrating episode” when his closest adviser provoked outrage for taking a long-distance drive during the coronavirus lockdown.