Colombia is the latest Latin American country considering a plan to let workers tap private pension savings, a move intended to soften the slump in consumer spending but which risks worsening some of the world’s deepest stock market slumps.
Coronavirus cases in Latin America for the first time have surpassed the combined infections in the United States and Canada, a tally showed on Sunday, amid a surge of infections in Brazil, Mexico, Peru, Colombia and Argentina.
Eleven Colombian military personnel were missing and six injured after a helicopter crashed in the southeast of the country during an operation against guerillas, the army said on Tuesday. The Blackhawk helicopter was carrying 17 military personnel when it went down.
Colombia’s economy contracted 16.65% in May versus the same month a year ago as ongoing measures to curb the spread of coronavirus hit production, the government’s statistics agency said.
A bilateral trade agreement between Colombia and the United Kingdom has passed in Colombia’s plenary senate session and now passes to the Andean nation’s lower house for approval. <br />
The legislation seeks to maintain uninterrupted trade access, terms and conditions between Colombia and the UK that have existed under the Colombia – European Union agreement.
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.
The Nicolás Maduro regime blames Venezuelan migrants for the increase in the spread of the coronavirus in Venezuela while hundreds of these emigrants, pushed by their limited survival options, remain stranded in makeshift camps in different cities of Colombia waiting to be able to cross into their country.
More than two months after the coronavirus pandemic triggered worldwide lockdowns, much of the world is gradually reopening. But Latin America remains highly isolated by travel restrictions across the region.
LATAM Airlines Group, the largest airline conglomerate in Latin America, announced it will lay off 1,400 workers from its branches in Chile, Colombia, Ecuador, and Peru. The news was confirmed by the company on May 15, after Reuters released an internal video where LATAM CEO Roberto Alvo announced the measures to its employees.
Avianca is the second-largest carrier in Latin America, but its passenger operations have been grounded since March because of coronavirus. It said the pandemic had cut more than 80% of its income, and it was struggling with high fixed costs.