The U.S. economy still appears headed for a V-shaped recovery despite some setbacks in efforts to reopen state economies that had been shuttered for the coronavirus, a top White House adviser said on Monday.
Argentina's economic activity plummeted in April, the first full month that social-distancing measures that shut down non-essential businesses and other activities were in effect.
Some companies have joined a boycott of Facebook after critics accused the social network of inadequately policing hateful and misleading content on its platform. Here's a list of companies that are planning to halt spending on social media.
Prime Minister Boris Johnson vowed Britain will spend large sums on hospitals, schools and roads to jump-start the economy as it emerges from the coronavirus lockdown that has plunged the country into what may be the worst recession in three centuries.
By Nick Cunningham of Oilprice.com – Holding some of the largest shale oil and gas reserves in the world, Argentina is often cited as the likely candidate for the next big shale boom, and Vaca Muerta is often described as having the potential to be South America’s Permian basin.
Chesapeake Energy Corp filed for Chapter 11 on Sunday, becoming the largest US oil and gas producer to seek bankruptcy protection in recent years as it bowed to heavy debts and the impact of the coronavirus outbreak on energy markets.
The novel coronavirus, now spreading through the smaller towns of Brazil's interior, risks returning to major cities in a so-called “boomerang effect,” as a lack of specialized medical treatment forces patients into larger urban centers.
South American carrier LATAM has suspended ticket sales on 23 routes across its network, including several domestic routes within Chile and international routes from Brazil, Chile and Peru. At the same time, the Santiago-headquartered carrier has made the bold move to suspend international destinations from five Argentinean destinations to the carrier’s hubs in Santiago, Lima and Sao Paulo until 2021.
Mexico’s economy posted a record contraction in April, official data showed on Friday, as the effects of the coronavirus lockdown devastated economic activity, particularly in manufacturing.
Argentina is still working with its creditors to reach a debt restructuring deal after talks stalled, though there is still a distance to cover in economic and legal terms, Economy Minister Martin Guzman said on Thursday.