Tag: COVID-19

• Friday, May 29th 2020 - 07:33 UTC

  German economy to shrink 6,6% this year but rebound 10,2% in 2021

  

  The German economy is likely to shrink by 6.6% this year as a consequence of the coronavirus pandemic before growing by 10.2% in 2021, the Ifo Institute said on Thursday in its latest update.

• Friday, May 29th 2020 - 07:25 UTC

  Johnson, under growing pressure over Cummings issue, announces easing of lockdown conditions

  

  The coronavirus lockdown will ease next week for most of Britain's population, Boris Johnson announced on Thursday, as a row persisted over the prime minister's closest adviser taking a long-distance journey during lockdown.

• Thursday, May 28th 2020 - 09:29 UTC

  IDB US$ 1,7bn loan for Uruguay to address the Covid-19 pandemic

  

  Uruguay's Economy minister Azucena Arbeleche confirmed that the Inter American Development Bank had awarded the country a 1,7bn dollars soft loan to address the sanitary, social and economic emergency as a consequence of the COVID-19 pandemic.

• Thursday, May 28th 2020 - 08:39 UTC

  Chile, once the darling of foreign investors, struggling with coronavirus, inequality and poor public services

  

  Chile's government is struggling to control a coronavirus outbreak that could revive mass social unrest as its hospital system comes under increasing pressure. With a population of 18 million, Chile is reporting new Covid-19 cases at a pace comparable to that of Spain at the peak of the virus' spread in March, on a per capita basis, and resources are close to maxed out in Latin America's wealthiest economy.

• Thursday, May 28th 2020 - 08:35 UTC

  Peruvian record lockdown: three months paralyzing the economy

  

  The health system in Peru is on the brink of collapse, with public hospitals facing drastic equipment shortages amid a rising number of coronavirus cases. A University of Washington study has projected that Covid-19 deaths in Peru will reach nearly 20,000 by August, indicating that demand is likely to outstrip the supply of beds in intensive care units.

• Thursday, May 28th 2020 - 08:34 UTC

  Brazil's coronavirus death toll surpassed 25,000 as the pandemic accelerates

  

  Brazil's death toll from the new coronavirus surpassed 25,000 on Wednesday, as the country emerged as the latest epicenter in the pandemic. The health ministry said it had confirmed 1,086 new deaths in the past 24 hours, the fifth time the daily toll has exceeded 1,000 since the crisis accelerated in Brazil a week ago.

• Thursday, May 28th 2020 - 08:25 UTC

  EU unveils 750bn Euro recovery package, but Italy and Spain must convince their northern partners

  

  The European Union unveiled a proposed 750-billion-euro (US$ 825bn) recovery plan Wednesday to get the continent back on its feet after the devastation wreaked by the coronavirus pandemic, as Latin America outpaced Europe and the US in the number of daily infections.

• Thursday, May 28th 2020 - 08:13 UTC

  Stubborn Johnson insists in keeping Cummings: 59% believe the advisor should resign

  

  Prime Minister Boris Johnson urged Britain on Wednesday to move on from what he described as a “very, very frustrating episode” when his closest adviser provoked outrage for taking a long-distance drive during the coronavirus lockdown.

• Thursday, May 28th 2020 - 08:10 UTC

  US surpasses the milestone of 100,000 coronavirus deaths

  

  Unthinkable just four months ago, the United States on Wednesday surpassed the grim milestone of 100,000 coronavirus deaths, as the pandemic tightened its grip on Latin America.

• Wednesday, May 27th 2020 - 08:17 UTC

  Brazil Federal police raid residences of Rio governor on alleged corruption probe

  

  Brazilian federal police on Tuesday raided the residences of Rio de Janeiro Governor Wilson Witzel as part of a COVID-19 corruption probe, targeting one of President Jair Bolsonaro's political foes as the pandemic sweeps the nation.