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COVID-19 hits hard US economy, with millions of jobs lost, but the dollar remains king

3 hours 6 minutes ago

The COVID-19 outbreak in the United States has caused millions of people to lose their jobs and brought the economy to its knees but it has not dethroned the American dollar. On the contrary, the currency has risen in value this year, gaining six percent from its lowest point reached in early March, according to the US dollar index, which measures the greenback's value against a basket of other currencies.

Chaos in Argentine banks as crowds tried to collect government assistance

3 days 1 hour ago

Argentines left their homes in droves as banks reopen their branches to give out government assistance. Thousands of pensioners and citizens who receive government welfare lined up outside banks to get their monthly payments. Branches, which have been closed since a nationwide lockdown began March 20, reopened Friday so that citizens who can't receive the payments on debit could receive the cash.

Moody's downgrades Argentina's credit rating

3 days 1 hour ago

Moody's downgraded Argentina’s credit rating on Friday, cutting it to Ca from Caa2 in a move that reflects the firm’s expectation that private creditors will incur losses as a result of the government’s efforts to restructure its sovereign debt.

Pandemic: Paraguay receives US$ 20 million to support its health system

3 days 2 hours ago

The World Bank Board of Directors approved today a loan of US$20 million to support Paraguay in strengthening its health system in the face of the coronavirus pandemic (Covid-19). In the context of the country's current health situation, already affected by the worst dengue outbreak in recent years, the project will help strengthen the already overburdened health system through the purchase of medical supplies and equipment.

World Bank US$ 35 million emergency loan for Argentina to combat coronavirus

3 days 2 hours ago

The World Bank Board of Directors today approved a US$ 35 million emergency loan to support the Argentine government efforts to minimize the impact of the COVID-19 pandemic on the health system through the procurement of medical supplies and equipment. This financing forms part of a World Bank fast track package of up to US$ 14 billion to help countries cope with the health and economic impacts of the COVID-19 pandemic.

Falklands ensures vital supplies for West Falkland and other islands

4 days 3 hours ago

Although Falklands have no anticipated difficulties with sea freight logistics to supply the Islands, nevertheless it has the challenge of maintaining West Falkland and the other outer islands with the necessary provisions. Let us not forget that the Falklands are an archipelago that includes two main landmasses and some 700 minor islands.

25 minutes 13 seconds ago
South Atlantic News Agency