International

Saturday, March 21st 2020 - 09:30 UTC
OAS General Assembly re-elects Luis Almagro as Secretary General

The 54th Special General Assembly of the Organization of American States (OAS) on Friday re-elected Luis Almagro as Secretary-General and Nestor Mendez as Assistant Secretary-General of the Organization.
Saturday, March 21st 2020 - 09:24 UTC
IMF's technical guidance on Argentine public debt sustainability

At the request of the Argentine authorities and reflecting close collaboration with them, the International Monetary Fund (IMF) released on Friday a technical note prepared by IMF staff on Argentina’s public debt sustainability.
Saturday, March 21st 2020 - 09:17 UTC
Cabo Verde closes all borders and restricts flights; Falklands air link disrupted

Authorities of Cape Verde have closed all sea borders and have restricted flights from the UK, US, Canada and a number of other European countries from 18 March. As of 18 March, only a restricted number of flights are allowed into the country to enable visitors to return home. This follows confirmation of a Covid 19 case in the former Portuguese colony.
Saturday, March 21st 2020 - 09:09 UTC
London's support for Falklands to deal with the impacts of the pandemic

In a display of support from London, the UK Government announced it is working closely with the Overseas Territories to ensure they receive the help that is necessary to face the challenge and consequences of Covid-19.
Saturday, March 21st 2020 - 09:02 UTC
Falklands Sea Lion project: Rockhopper and Premier confident of farm out with US/Israel Navitas

Rockhopper Exploration, a partner in Premier Oil-operated Sea Lion offshore oil project in the Falkland Islands, is confident it will manage to farm-out a share in the project despite the low oil prices and COVID-10 uncertainty. The two companies in January signed non-binding heads of terms with US/Israel Navitas Petroleum, which should lead to Navitas obtaining a 30% interest in the Sea Lion offshore blocks.
Friday, March 20th 2020 - 08:26 UTC
IAATO has a new Executive Director, Gina Greer

The International Association of Antarctica Tour Operators (IAATO) announced on Thursday the appointment of Gina Greer as Executive Director. Gina will lead the Secretariat and work with IAATO’s Executive Committee to further the association’s mission of advocating and promoting safe, environmentally responsible private-sector travel to Antarctica.
Thursday, March 19th 2020 - 08:47 UTC
Chile declares a 90-day “state of catastrophe” beginning this Thursday

Chilean President Sebastian Piñera on Wednesday declared a 90-day state of catastrophe as cases of the new coronavirus mounted in the nation, giving the government extraordinary powers to restrict freedom of movement and assure food supply and basic services.
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.