Politics

• Wednesday, August 5th 2020 - 08:55 UTC

  Argentina deal with bondholders was at 54,8 cents to the dollar; next step IMF negotiations

  

  Argentina is battling to escape from a messy ninth sovereign default as it firefights recession, stubborn inflation, and increasingly wary investors. The country announced on Tuesday it had reached an agreement with creditors to restructure around US$ 65 billion in foreign debt, breaking a deadlock over recent weeks and setting the stage for a formal deal later this month.

• Wednesday, August 5th 2020 - 08:54 UTC

  Argentina planning an Antarctic Logistic Pole in Ushuaia

  

  Planning and first budget funds for an Argentine integrated naval base and an Antarctic Logistic Pole in Ushuaia have been announced by the Argentine Executive cabinet chief Santiago Cafiero, during a presentation to the Lower House of Congress.

• Wednesday, August 5th 2020 - 08:07 UTC

  For the fifth week running Brazil central bank survey reveals increased optimism on the economy

  

  The gloom surrounding Brazil’s economy lifted for a fifth week in a row, a central bank survey of economists showed on Monday, with the average forecast for 2020 gross domestic product now showing a decline of 5.7%.

• Tuesday, August 4th 2020 - 10:40 UTC

  Argentine media and markets agree an agreement has been reached with bondholders

  

  Argentina and most of its top creditors are moving closer to an agreement to restructure US$ 65 billion of bonds, according to government sources in the Buenos Aires media. Likewise, the prospects of an agreement triggered a bonds rally, and the Merval stock index gained 6,6% the most in a month.

• Tuesday, August 4th 2020 - 10:34 UTC

  Uruguay’s Secret to Success in Combating COVID-19

  

  By S. Pelin Berkmen and Natasha Che – On June 29th, when some 250,000 students returned to classrooms in Montevideo, Uruguay reached a post-COVID-19 normalization milestone that is still a distant aspiration for most of Latin America. While the virus still rages on throughout the Americas, Uruguay’s daily count of new cases had been in the single digit for most days since May, despite the recent incipient outbreaks.

• Tuesday, August 4th 2020 - 10:29 UTC

  Seventh Brazilian minister, chief of staff, tested positive for Covid-19

  

  Brazilian President Jair Bolsonaro's chief of staff, Army General Walter Souza Braga Netto, has tested positive for COVID-19, his office said on Monday (Aug 3), becoming the seventh Brazilian minister to have contracted the disease.

• Tuesday, August 4th 2020 - 09:24 UTC

  Genoa opens new bridge to replace a collapsed viaduct that killed 43 people

  

  Italy inaugurated a sleek new bridge in Genoa on Monday, though relatives of the 43 people killed when the old viaduct collapsed said the pomp and ceremony risked overshadowing the tragedy.

• Tuesday, August 4th 2020 - 08:49 UTC

  Gibraltar will continue lobbying US congress despite Spanish tactics

  

  Gibraltar has taken notice of the reports in the UK's press which confirm that, for several years, Spain has been actively engaged in anti-Gibraltar lobbying in Washington DC.

• Tuesday, August 4th 2020 - 08:45 UTC

  Boris's launches Eat Out to Help Out program with diners at 50% discount

  

  People across Britain enjoyed half-price meals on Monday as the government launched its Eat Out to Help Out scheme aimed at driving up business in the shattered hospitality industry after months of coronavirus lockdown.

• Tuesday, August 4th 2020 - 07:15 UTC

  Spain's ex king goes into exile in the midst of “disturbing information” about his regal conduct

  

  Spain's former king Juan Carlos, who is facing investigation at home and abroad for corruption, announced on Monday that he will go into exile. The 82-year-old revealed he would leave the country in a letter to his son, the current King Felipe VI who accepted his decision and thanked him, the royal palace said in a statement.