Foreign direct investment, affected by the COVID-19 pandemic, plummeted 42% globally in 2020, the United Nations Conference for Trade and Development (UNCTAD) said on Sunday. UNCTAD indicated that the recovery from this indicator would be likely be delayed until 2022.
The exports of Latin America recorded a fall of 13% in value in 2020 compared to the previous year, its worst record in more than a decade, due to the crisis generated by the COVID-19 pandemic, as reported on Friday by the Economic Commission for Latin America and the Caribbean (ECLAC). On the other side, imports shrank by 20 percent.
Since inauguration, US President Donald Trump has been focusing on domestic issues and the trade war with China. As a result, the pendulum of establishing pro-American regimes in the countries of the Latin American region has swung in the opposite direction of the US dominance.
After being left without a president twice in a week, Peru’s Congress on Monday elected Francisco Sagasti, 76, as the new interim president of the country. The urgent vote served to avoid the power vacuum after the resignation this Sunday of the previous interim president.
Peru’s President, Manuel Merino, has resigned after barely a week in office. His resignation follows unrest in the country against his administration, with a majority of Peruvians being in support of his predecessor, Martin Vizcarra. The demonstrations resulted in the death of two Peruvians, with scores injured.
Peru was a scene of violent protests on Tuesday as thousands took to the streets in opposition to the removal from office of President Martin Vizcarra, and the subsequent take over by Manuel Merino. The Police used tear gas and water jets in the center of the nation’s capital, Lima, to disperse the irate protesters.
The Peruvian Congress on Monday impeached the country’s President, Martín Vizcarra, on accusations of “moral incapacity.” It was the second impeachment attempt in less than two months against the outgoing president. The impeachment motion was overwhelmingly voted for, having managed 105 votes in its favor.
The United Nations warned today of the rapid spread of cases of covid-19 in prisons on the American continent. They stressed that overcrowding and poor hygiene conditions in most of the prison facilities are a key contributor to the situation. “Thousands of inmates and prison officials have already been infected across North and South America,” said the spokesman for the UN High Commissioner for Human Rights, Rupert Colville, at a press conference in Geneva, Switzerland today.
The President of Peru has extended the state of emergency in the country up to May 10, and also announced financial assistance to more than six million families. These measures are aimed at combating the coronavirus spread in the country. While making the announcement, the Peruvian president, Martin Vizcarra, stated that the curve was still rising and it was very appropriate to extend the state of emergency for another two weeks.
Peruvian President Martín Vizcarra confirmed at a press conference that, to date, the number of people infected with the coronavirus in Peru increased to 234. His press conference took place on the fourth day of its national emergency. Vizcarra mentioned that from this number of infected, 19 patients are hospitalized and 7 are in intensive care with a mechanical ventilator, while 2 (aged 79 and 96) are in poor health.
A Peruvian judge ordered Tuesday that opposition leader Keiko Fujimori should be returned to prison for a further 15 months’ pre-trial detention. Keiko Fujimori, the daughter of former President Alberto Fujimori, is accused of taking $1.2 million (£940,000) in illegal campaign financing from Odebrecht, a Brazilian giant construction company, in 2011. She hasn’t been officially charged.
Spanish is the fourth largest language in the world behind English, Chinese and Hindi. There are 23 counties that have Spanish as their official language and those countries are spread over four continents. Now all Spanish speaking countries of the world have access to post their Freelance Global Gigs (FGG) Low Cost Marketplace services in Spanish which is then available in over 100 leading worldwide languages.
The US Constitution gives Congress the power to “coin money and regulate the value thereof.” Currently, the Bureau of Engraving and Printing produces paper money in two locations: Washington D.C. and Fort Worth, Texas. The money printed by the US government facilities are the only ones that are legit paper currency. According to the Federal Reserve, up to 80% of US paper currency ends up outside of the US, equivalent to 2.5 trillion US dollars.
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With the Argentina economy in a tailspin, we’ve seen the second largest one day stock drop combined with a 25% collapse of the Argentinian peso. So where will the good jobs be for the future of Argentina? The unemployment rate was 9.48% in 2018, and that was before the big currency and stock market crash. To make matter worse, the GDP per capita is only $14,401.97.