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Kenya
Blow to MCAs as budget law declared illegal
The Act, which was gazetted on April 27, provided for transfer of Sh15 billion to the Mohamed Badi-led Nairobi Metropolitan Services
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Brasile
Coronavirus: Dramatic Economic and Social Impacts Await Brazil
RIO DE JANEIRO, BRAZIL - The Covid-19 pandemic is one of the greatest challenges in Brazilian history. In addition to a massive public health threat, its impacts on the economy and society will be tremendous. More so given the context in which the crisis struck the country, says the latest ...
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Brasile Argentina
Why Argentina Is Unable to Solve Its Debt Predicament
RIO DE JANEIRO, BRAZIL - The news was no surprise to many Argentineans: three foreign investment funds have rejected a proposal by the government of Alberto Fernández to restructure Argentina's debt. Another attempt to avert a default thus failed. "Despite the Group and other stakeholders' efforts, these proposals are not ...
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Brasile
Brazil’s Economy Minister Says Second Semester Could Have Three or Four Privatizations
RIO DE JANEIRO, BRAZIL - The Minister of Economy, Paulo Guedes, says we cannot fall again "into the trap of low growth and increased indebtedness. This may be achieved if the increase in budget spending is perceived as extraordinary in 2020, rather than something permanent. "We have three sources of ...
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Brasile Cuba
Cuba Braces Itself for Post-Pandemic Economic Crisis
RIO DE JANEIRO, BRAZIL - According to the Minister of Economy Alejandro Gil, the loss of tourism revenues will require savings that will also be felt by the population. President Miguel Díaz-Canel named a number of reform proposals for the upcoming party conference, which are to be implemented more speedily. ...
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Brasile USA
Avianca Holdings entra com pedido de recuperação judicial nos EUA
A empresa aérea colombiana Avianca Holdings entrou com pedido de recuperação judicial nos Estados Unidos. Em nota, a empresa afirmou que os impactos financeiros trazidos pela pandemia do novo coronavírus fizeram a empresa apresentar o pedido no Tribunal de Falências dos Estados Unidos. Segundo a nota, o pedido foi feito para ...
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Colombia
Centros de llamadas esperan generar 15,000 empleos en Colombia
BPrO, en alianza con agencia de promoción de inversión extranjera Invest in Bogota y la compañía Talentu, consultó a más de 36 empresas del sector sobre sus planes de contratación en un plazo de seis meses y estas respondieron que esperan emplear a 15,986 personas.
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Colombia
Cafeteros de la región mantienen precios y mercado pese a crisis
El gerente de Mercadeo e Innovación en Expocafé, Alejandro Lozano, consideró en Colombia que "la devaluación siempre será la mejor amiga de las exportaciones y es una oportunidad a capitalizar".
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USA
US officials warn jobless rate could top 20%
Trump administration delivers dire warning as it argues for reopening of economy
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Cina
New virus outbreaks hamper efforts to reopen global economy
Europe’s cautious steps tempered by fresh infections in South Korea, Germany and China