International

• Tuesday, October 12th 2021 - 20:50 UTC

  Low-Income Country debt rises to record US$860 billion in 2020

  

  Governments around the world responded to the COVID-19 pandemic with massive fiscal, monetary, and financial stimulus packages. While these measures were aimed at addressing the health emergency, cushioning the impact of the pandemic on the poor and vulnerable and putting countries on a path to recovery, the resulting debt burden of the world’s low-income countries rose 12% to a record US$860 billion in 2020, according to a new World Bank report.

• Tuesday, October 12th 2021 - 15:25 UTC

  WHO/COP26 Special report on Climate Change and Health for Glasgow climate summit

  

  Countries must set ambitious national climate commitments if they are to sustain a healthy and green recovery from the COVID-19 pandemic.

• Tuesday, October 12th 2021 - 15:10 UTC

  Gibraltar Police officers awarded Guardia Civil Order of Merit by Spain

  

  Spain's Guardia Civil honored two members of the Royal Gibraltar Police for cross-frontier work in helping combat money laundering and drug trafficking operations.

• Tuesday, October 12th 2021 - 14:54 UTC

  Tata Group takes over Air India for US$ 2,4 billion; airline returns to its original founders

  

  The Tata Group is taking over India's flag carrier Air India, following an agreement to pay US$ 2,4 billion. The airline has been losing money at the rate of a billion dollars since 2009, and under the deal Tata will only pay a quarter of the company's total debt.

• Tuesday, October 12th 2021 - 09:32 UTC

  Uruguay: IMF recommends addressing skill-mismatch between the labour force and new jobs

  

  Last week we published an IMF preliminary statement on the situation of the Uruguayan economy in which it praised the government's handling of the pandemic underlining Uruguay's solid institutions, well-functioning democracy and a high degree of social cohesion.

• Tuesday, October 12th 2021 - 09:20 UTC

  IMF Board reaffirms full confidence in Managing Director Georgieva Kristalina

  

  The IMF Executive Board on Monday concluded its review of the matter raised by WilmerHale’s investigation of the World Bank’s Doing Business 2018 report.

• Tuesday, October 12th 2021 - 09:00 UTC

  Southwest Airlines cancels 2,000 flights, blames weather, ATC

  

  US carrier Southwest Airlines cancelled a large number of flights over the weekend citing weather conditions and air traffic control (ATC) disruptions. Both company and pilot unions denied the events were related to mandatory COVID-19 vaccinations.

• Tuesday, October 12th 2021 - 08:48 UTC

  Uruguayan authorities halt second beef shipment to China which failed to meet quality standards

  

  Uruguay's Agriculture and Livestock Minister Fernando Mattos explained during the weekend that in addition to a batch of Uruguayan beef turned down by China at the port of destination for containing excessive amounts of fat, a similar case had been detected in the port of Montevideo, which was ready to be shipped.

• Monday, October 11th 2021 - 21:40 UTC

  European Union presses for worldwide suppression of the death penalty

  

  The European Union (EU) has insisted governments should move forward with abolishing the death penalty worldwide.

• Monday, October 11th 2021 - 19:39 UTC

  Argentine keeps negotiating with IMF despite rejection to cutting down surcharges

  

  The International Monetary Fund (IMF) has turned down a request from the Argentine Government to discuss a reduction in surcharges, it was announced Monday.