International

Thursday, March 19th 2020 - 08:36 UTC
Most world airlines “will be bankrupt by the end of May”

Sydney-based consultancy CAPA Center for Aviation warned in a statement on Monday that most of the world's airlines will be bankrupt by the end of May. Airline carriers are suspending routes for March, April, and May, and a full grounding of fleets has yet to be ruled out as flight restrictions have been placed across the world, spurring a collapse in demand, due to the Covid-19 pandemic.
Thursday, March 19th 2020 - 08:21 UTC
Oil prices collapse below US$ 30 a barrel and could drop to US$ 20, Goldman Sachs estimates

U.S. oil prices reached their lowest point since 2003 on Wednesday as the coronavirus has reduced demand in countries around the world. The prices fell for a third session, with U.S. crude Clc1 reaching US$ 25.06 per barrel, the lowest prices since late April 2003. As of 11:35 GMT, U.S. crude Clc1 hit US$1.51 cents or 5.6 percent at US$ 25.44 per barrel.
Thursday, March 19th 2020 - 08:20 UTC
Russian economy battered by the oil price war with Saudi Arabia

Russia, hit by falling oil prices and the coronavirus outbreak, has announced the formation of a US$4 billion fund as part of a package of measures to support the economy.
Wednesday, March 18th 2020 - 08:59 UTC
Falklands updates air and cruise ship advisory; recommends foreign nationals in the Islands to take Wednesday's Latam flight

The Falkland Islands Government has announced a new air travel advisory and outlined the terms on which it may assist cruise ships seeking to repatriate passengers. Likewise, it strongly recommends foreign nationals seeking to leave the Falklands to do so on Wednesday, March 18, LATAM flight.
Wednesday, March 18th 2020 - 07:25 UTC
Why you need not worry about pets spreading Covid-19

By Sarah L. Caddy (*) – A Pomeranian dog in Hong Kong grabbed the international media's attention this week after scientists found traces of coronavirus in the canine. Following confirmation that the dog’s owner was positive for the virus causing COVID-19, the dog was taken from Hong Kong Island to a nearby animal quarantine facility. Subsequent tests performed on swabs collected from the dog’s nose and throat unexpectedly revealed coronavirus.
Wednesday, March 18th 2020 - 07:25 UTC
Whatever you call it, Beijing has made a mess of the Covid-19, 'China virus' and jinbu

By Gwynne Dyer – U.S. Secretary of State Mike Pompeo has run afoul of the language police. Last week, he called the coronavirus, which already has killed 0.000013 percent of the world’s population, the “Wuhan virus.” When challenged about this criminal violation of linguistic propriety, he just said it again. The World Health Organization (WHO) was shocked.
Wednesday, March 18th 2020 - 07:24 UTC
IMF rejects Maduro's request for coronavirus aid loan: who runs Venezuela?

The International Monetary Fund has quickly rejected a surprise request on Tuesday by Venezuela for an emergency US$ 5 billion loan to fight the new coronavirus, which threatens to push its already battered economy over the edge.
Wednesday, March 18th 2020 - 07:20 UTC
Policy Action for a Healthy Global Economy

By Kristina Georgieva (*) – While quarantining and social distancing is the right prescription to combat COVID-19’s public health impact, the exact opposite is needed when it comes to securing the global economy.
Wednesday, March 18th 2020 - 07:12 UTC
Brazilian meatpackers considering suspending operations because of China

Brazilian meatpackers JBS and Minerva Foods are considering suspending operations at some slaughterhouses in Brazil due to supply chain issues from China, JBS and sources close to Minerva said this week.
Tuesday, March 17th 2020 - 08:20 UTC
Beijing furious with Vargas Llosa for saying combating the coronavirus outbreak would be different if China was a democracy

China hit out on Monday at Peru's Nobel literature laureate Mario Vargas Llosa for allegedly expressing “irresponsible and prejudiced opinions” over the origins of the coronavirus pandemic.