
The staggering US unemployment rate reported by the government on Friday amid coronavirus lockdowns may get even worse, Treasury Secretary Steven Mnuchin said on Sunday.

British Prime Minister Boris Johnson on Sunday announced a phased plan to ease a nationwide coronavirus lockdown, with schools and shops to begin opening from Jun 1 - as long as infection rates stay low.

After 50 days in mandatory lockdown, Argentina's President Alberto Fernández announced on Friday that the quarantine will be extended until May 24th.

Argentina will keep pushing for talks with creditors even as a deadline for its US$ 65 billion debt restructuring proposal passed on Friday with little sign it had the support needed from international bondholders to unlock a comprehensive deal. Apparently on averaged less than 20% of bondholders accepted Argentina's conditions

The governor of Sao Paulo, the Brazilian state at the epicenter of the coronavirus pandemic in Latin America, said on Friday he was extending stay-at-home measures until May 31, ignoring opposition from far-right President Jair Bolsonaro.

The COVID-19 lockdown wiped out 20.5 million jobs in the United States in April, destroying nearly all the positions created in the prior decade in the world's largest economy, the Labor Department reported on Friday.

Deforestation in the Brazilian Amazon hit a new high in the first four months of the year, according to data released on Friday, a worrying trend after the devastation caused by record fires last year.

Falkland Islands schools in Stanley are making final preparations for reopening on Monday, May 11. Camp Education, an integral part of the schooling system also re-opens on the same day.

German Foreign Minister Heiko Maas said in a newspaper interview on Saturday there was a growing risk of a hard Brexit in the midst of the coronavirus crisis as negotiations between Britain and the European Union so far on the future trade relationship had yielded hardly any progress.

The biggest threat to Brazil's ability to successfully combat the spread of the coronavirus and tackle the unfolding public health crisis is the country's president, Jair Bolsonaro, according to the British medical journal The Lancet.