By Matthew Smith for Oilprice.com – Sharply weaker oil prices, the COVID-19 pandemic, and heightened geopolitical uncertainty have done little to blunt Brazil’s epic offshore oil boom. By September 2020 Brazil had soared to be the third-largest supplier of crude oil to China, the world’s second-largest economy.
Measles cases reached the highest level in 23 years in 2019 and health authorities warned that many countries aren’t vaccinating enough people amid the Covid-19 pandemic.
On 11 November 2020 Chile’s Deputy Minister for International Economic Relations, Under-Secretary Rodrigo Yáñez and the UK’s Minister for the Americas, Wendy Morton MP hosted the virtual seminar “Access to Vaccines – Finance, Delivery and Distribution in Latin America and the Caribbean” bringing together policymakers and scientific experts from across the region and the world to discuss the urgent work of ensuring equitable access to Covid-19 vaccines.
The United States became the first nation worldwide since the pandemic began to surpass 10 million coronavirus infections, as the third wave of the COVID-19 virus surges across the nation. The grim milestone came on the same day as global coronavirus cases exceeded 50 million.
UNICEF and the World Health Organization (WHO) issued an urgent call to action to avert major measles and polio epidemics as COVID-19 continues to disrupt immunization services worldwide, leaving millions of vulnerable children at heightened risk of preventable childhood diseases.
Chile’s economic activity sank 5.3% in September year-on-year but grew 5.1% from the previous month, the central bank said on Monday, as the world’s no. 1 copper producer emerged from the worst period of the coronavirus pandemic.
The Inca citadel of Machu Picchu, the crown jewel of Peru's tourist sites, reopened on Sunday with an ancient ritual after a nearly eight-month lockdown due to the novel coronavirus pandemic.
Brazilian government borrowing jumped to its second-highest on record in September, Treasury figures showed, meaning Brazil issued more debt in the first nine months of this year than the whole of last year.
Brazil's state-run oil giant Petrobras announced on Wednesday it reduced its losses in the third quarter of the year, the company's third negative result in a row due to the global economic meltdown caused by the coronavirus pandemic.
Argentine Foreign Affairs Minister Felipe Sola on Monday called on Latin American and Caribbean countries to embrace “solidarity multilateralism” to overcome the impact of the COVID-19 pandemic.