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August 04, 2020

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Crisis

Argentina secures deal on 'impossible' debt

Argentina secures deal on 'impossible' debt

Recession-hit Argentina announced on Tuesday it has reached an agreement with three major creditors over the restructuring of a $66 billion debt as it seeks to solve its latest sovereign default crisis.The government of President Alberto Fernandez had set an A

Argentina announces debt restructure deal with creditors

Argentina announces debt restructure deal with creditors

Recession-hit Argentina announced on Tuesday it has reached an agreement with three major creditors over the restructuring of a $66 billion debt as it seeks to solve its latest sovereign default crisis.The government had set an August 4 deadline to complete a

Expect 'lengthy' coronavirus pandemic WHO warns

Expect 'lengthy' coronavirus pandemic WHO warns

The World Health Organization on Saturday warned the coronavirus pandemic was likely to be "lengthy" after its emergency committee met to evaluate the crisis six months after sounding the international alarm.The committee "highlighted the anticipated length

In Brazil, coronavirus crisis fuels new favela

In Brazil, coronavirus crisis fuels new favela

When Priscila Tomas da Silva's husband lost his job loading trucks because of coronavirus shutdown measures in Sao Paulo, they faced a stark choice: pay the rent, or feed their six children.So they built a shack in a new favela emerging on the city's norther

Ford results top estimates, points to strong cash position

Ford results top estimates, points to strong cash position

Ford reported better-than-expected results Thursday despite the hit from COVID-19 and the carmaker said it had enough cash on hand to survive the coronavirus crisis.The US auto giant, which shuttered some factories due to the pandemic and saw overall car sales