Economy

• 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.

• Thursday, March 26th 2020 - 08:45 UTC

  Argentine economy contracted 2,2% last year and could drop another 2% in 2020

  

  Argentina's GDP contracted 2.2% last year, hit by the downfall of manufacturing, retail and financial activities, according to the official stats office, Indec. In the last quarter of 2019 the economy dropped 1% over the previous quarter and 1.1% compared to the fourth quarter of 2018.

• Thursday, March 26th 2020 - 08:44 UTC

  South American countries agree to ensure smooth flow of goods and food supplies in the region

  

  Agriculture ministers from various South American countries participated in a video conference on Monday, March 23, to discuss harmonization of standards and ensure the smooth flow of goods and food supplies throughout the region during the Coronavirus pandemic.

• Thursday, March 26th 2020 - 08:27 UTC

  Argentina's “Children and youth protection project” receives US$ 300 million from World Bank

  

  The World Bank Board of Directors approved a new US$ 300 million operation to support Argentina’s efforts to strengthen its social protection system and minimize the impact of the crisis on the most vulnerable families.