Tag: pandemic

• Tuesday, May 19th 2020 - 08:47 UTC

  Latin American stocks and currencies rise on hopes of global economic recovery

  

  Latin American stocks and currencies roared higher on Monday, with Brazil shares rising 3.5% as commodity prices surged on hopes of economic recovery as countries eased pandemic-induced lockdowns.

• Friday, May 15th 2020 - 08:04 UTC

  Massive €18 billion support for France's tourism sector, “rescuing it is a national priority”

  

  France announced measures worth €18 billion (US$19 billion) to support its tourism sector, which has been hammered by the COVID-19 crisis and resulting shutdown in beaches, leisure attractions, and hotels.

• Friday, May 15th 2020 - 07:40 UTC

  WTO chief to step down in September: plenty of time to agree on a successor next year

  

  The World Trade Organization chief announced on Thursday he will step down on August 31, a year before his term ends, despite the COVID-19 pandemic ravaging the global economy. Brazil's Roberto Azevedo said it had been a “personal decision” reached with his family, and stressed that he was not leaving to pursue “political opportunities”.

• Thursday, May 14th 2020 - 08:59 UTC

  Brazil becomes Covid-19 sixth worst hit country and the economy is forecasted to contract 4,7% in 2020

  

  Brazil registered a record number of new cases of COVID-19 on Wednesday surpassing France's tally to become the sixth-worst hit country, as the coronavirus sends the economy towards its worst year since at least 1900.

• Thursday, May 14th 2020 - 08:50 UTC

  Fewer remittances because of Covid-19 will hit hard Central and Latin America

  

  Remittances—the money that immigrants working abroad send home to families on a regular basis—have become a major source of funding for developing countries. In 2019, total global remittances exceeded US$550 billion, putting them on a par with levels achieved by foreign direct investment.

• Thursday, May 14th 2020 - 08:08 UTC

  Britain's economy shrank 2% in the first quarter and 5.8% in March

  

  Britain's economy shrank 2% in the first three months of the year, rocked by the fallout from the COVID-19 pandemic, official data showed on Wednesday, with analysts predicting even worse to come.

• Thursday, May 14th 2020 - 07:50 UTC

  US accuses Chinese hackers of attempting to steal coronavirus data on vaccines

  

  US authorities warned on Wednesday that Chinese hackers were attempting to steal coronavirus data on treatments and vaccines, adding fuel to Washington's war with Beijing over the pandemic.

• Thursday, May 14th 2020 - 07:20 UTC

  France dismisses Beijing warnings about arms to Taiwan, suggests China focus on battling Covid-19 pandemic

  

  France dismissed Chinese warnings on Wednesday about selling arms to self-ruled Taiwan, saying it was implementing existing deals and that Beijing should focus on battling the COVID-19 pandemic.

• Wednesday, May 13th 2020 - 07:29 UTC

  British researchers trying to crack one of coronavirus riddles: the deadly to mild range of the illness

  

  British researchers will study the genes of thousands of ill COVID-19 patients to try to crack one of the most puzzling riddles of the novel coronavirus: why does it kill some people but give others not even a mild headache?

• Tuesday, May 12th 2020 - 08:52 UTC

  Paraguay fears its success in containing Covid-19 could be threatened by Brazil

  

  Paraguayan President Mario Abdo Benítez has said the spread of coronavirus in Brazil threatens his country's success in containing the virus. Mr Benítez said more than half of Paraguay's 563 cases were people who had entered from neighbouring Brazil.