
The global economy is set to lose over US$ 22 trillion between 2020 and 2025, due to the impacts of the coronavirus pandemic the International Monetary Fund (IMF) said on Tuesday. The economy will likely see a strong rebound this year, but the pandemic is causing severe damage said IMF chief economist Gita Gopinath.

Forty-five Senate Republicans backed a failed effort on Tuesday to halt US ex-president Donald Trump's impeachment trial, in a sign of party unity and the former president's continued sway over the GOP.

Reuters – Former US President Donald Trump has opened an office in Florida that will handle his duties as an ex-president and seek to further his administration’s agenda.

By Christopher Pittard, Senior Lecturer in English Literature, University of Portsmouth - A hundred years ago, Agatha Christie introduced British readers to a small man with an impeccably maintained mustache who, with the help of his “little grey cells””, was very good at solving crimes. That man, of course, was Hercule Poirot, who made his debut in Christie’s first novel, The Mysterious Affair at Styles, in 1921.

One of the US Coast Guard newest vessels docked in Montevideo early Monday looking for supplies and fuel, but given the strict sanitary isolation measures no member of the crew will be disembarking or anybody visiting the vessel.

Uruguayan former president, Jose Pepe Mujica has been bestowed by the Argentine government, the country's highest honor, the Collar of the San Martin Liberator Order. The honor is extended to foreign officials, civilian or military, who in the exercise of their duties merit the highest tribute and acknowledgment in the interests of the Argentine Nation.

China's Huawei has just hired a former president of Brazil to act as an advisor on 5G networking in the region. Through the new hiring, the company aims at ensuring the growth of the newer and faster bandwidth in the local market just prior to the auction for 5G wireless networks.

Tentative signs of recovery are emerging in global labor markets, following unprecedented disruption in 2020 due to the Covid-19 pandemic, according to the latest report from the International Labour Organization, ILO.

Christine Lagarde, president of the European Central Bank (ECB), said on Monday that the journey to recovery in 2021 would most likely be accompanied by a very high level of uncertainty before a transition to a new economy.

By an overwhelming majority, the United States Senate voted on Monday to confirm Janet Yellen as the 78th Secretary of the Treasury. Yellen, 74, is the first woman to hold the position in the Treasury’s 231-year history, and only the second person to ever have served as both Federal Reserve chair and Treasury Secretary.