Latin America

• Thursday, June 18th 2020 - 12:09 UTC

  India, Mexico, Norway and Ireland chosen to the UN Security Council; defeat for Canada's Trudeau

  

  The UN General Assembly elected on Wednesday four new members of the Security Council for 2021 and 2022, with Canada losing out again and the battle for the African seat going to a second round.

• Thursday, June 18th 2020 - 10:15 UTC

  LATAM's Argentina branch will cease operations indefinitely; 1,715 staff to be laid off

  

  LATAM Airlines Group said on Wednesday its Argentine subsidiary will cease operations indefinitely, cancelling all domestic flights, its first major cutback since filing for bankruptcy protection. The announcement fell short of saying the company, Latin America’s largest airline, will entirely wind down its subsidiary, although it is unclear if it will ever resume operations.

• Wednesday, June 17th 2020 - 18:54 UTC

  Honduran president and wife test positive for Covid 19

  

  The Honduran president has said he and his wife have tested positive for coronavirus. The Central American nation has registered just under 10,000 COVID-19 infections, according to the health ministry, and 330 deaths.

• Wednesday, June 17th 2020 - 12:09 UTC

  Investment inflows to Latina America forecasted to halve from US$ 164 billion

  

  Investment flows to Latin America are expected to halve in 2020 from the US$ 164 billion received last year, according to UNCTAD's World Investment Report 2020.

• Wednesday, June 17th 2020 - 08:26 UTC

  Peru's economic activity plunges 405% year on year in April

  

  Peru´s economic activity sank 40.49% year-on-year in April, its worst-ever percentage drop in output, as a national lockdown to combat the coronavirus slammed the brakes on industry across the country, the government said.

• Tuesday, June 16th 2020 - 08:20 UTC

  Tens of oil wells offline because of sabotage operations in Colombia

  

  Colombia’s majority state-owned oil company Ecopetrol denounced on Sunday the sabotage of 31 wells at an oil field in the northeast of the country, which put the wells offline and led to oil being spilled.

• Monday, June 15th 2020 - 08:10 UTC

  Machu Picchu reopens in July but with a sharp reduction in daily visitors

  

  The ancient Inca citadel of Machu Picchu, a jewel of Peruvian tourism, will sharply reduce the number of daily visitors once it reopens from a virus-imposed closure in July, officials said.

• Saturday, June 13th 2020 - 07:09 UTC

  North and South America have four of the 10 worst Covid-19 hit countries

  

  The Americas are bearing the brunt of the global coronavirus pandemic at present, the World Health Organization (WHO) said on Friday, with North and South America currently having four of the 10 worst hit countries in the world.

• Friday, June 12th 2020 - 10:18 UTC

  Peru: 170 police officers have died of Covid 19 and 10,000 have been infected

  

  At least 170 police officers in Peru have died after contracting the coronavirus while enforcing the South American nation's pandemic lockdown, the interior minister said on Thursday.

• Wednesday, June 10th 2020 - 22:01 UTC

  Airline industry losses forecasted to top US$84 billion in 2020, estimates IATA

  

  Passenger revenues are expected to fall to US$241 billion (down from US$ 612 billion in 2019). This is greater than the fall in demand, reflecting an expected 18% fall in passenger yields as airlines try to encourage people to fly again through price stimulation. Load factors are expected to average 62.7% for 2020, some 20 percentage points below the record high of 82.5% achieved in 2019.