By Joseph Stiglitz, Edmund S. Phelps, and Carmen Reinhart (*) – Argentina's creditors are being asked to accept a proposal that would reduce their revenue stream but make it sustainable. A responsible resolution will set a positive precedent, not only for Argentina but for the international financial system as a whole.
At least 90,000 healthcare workers worldwide are believed to have been infected with COVID-19, and possibly twice that, amid reports of continuing shortages of protective equipment, the International Council of Nurses (ICN) said on Wednesday.
Brazilian Economy Minister Paulo Guedes said that according to initial estimates, the country's economy would shrink 6% as a result of the recession caused by the new coronavirus pandemic, but now, thanks to the increase in exports to China, expectations are of a retraction of only 4% this year.
Official data shows that Brazilian pork exports have increased by 43.34% in the first quarter of 2020 compared to the first quarter of 2019, with 11,660 tons. In the month of March alone, there was a 37.9% increase compared to March of 2019 when only 4,131 tons were shipped. The main markets are China and Hong Kong.
British Prime Minister Boris Johnson said on Wednesday he could begin to ease a nationwide coronavirus lockdown next week, but warned he would do nothing that would risk a new surge of cases.
The Bundesliga will resume on May 15, the German league confirmed on Wednesday, after Chancellor Angela Merkel and state leaders gave the green light to restart behind closed doors following weeks of shutdown imposed to control the spread of the coronavirus.
Football's lawmakers are this week set to announce a temporary change to the laws of the sport allowing teams to make up to five substitutions in games when the sport resumes after the coronavirus-induced suspension.
The novel coronavirus outbreak will likely mean the end of the Hex, the six-team World Cup qualifying format used by the CONCACAF region, said CONCACAF chief Victor Montagliani in an interview with OneSoccer.
The Falkland Islands government made public on Tuesday a guide to ensure the safety of the community and reduce the risk of COVID-19 spreading around the Islands, but also looking for the best way to help safely increase contact among its members. For this FIG has looked at other countries to see what is the best way to help safely increase contacts.
The body representing global airlines came out against leaving middle seats empty on aircraft on Tuesday, as debate intensifies over how to get airlines flying while respecting social-distancing rules in the wake of the coronavirus crisis.