Argentina misses deadline on international debt agreement

BUENOS AIRES, May 10 (NNN-AGENCIES) — Argentina missed a Friday deadline to reach an agreement with international creditors to restructure its massive debt, but negotiations will continue, its minister for the economy said. The two sides have been deadlocked over Argentina’s $65 billion debt, with the three main bondholder groups…

Covid-19 has unleashed “tsunami of hate and xenophobia” across the world – UN chief

UN SECRETARY GENERAL ANTÓNIO GUTERRES UNITED NATIONS, May 10 (NNN-AGENCIES) –The coronavirus pandemic has brought on a “tsunami of hate and xenophobia” internationally, according to the United Nations secretary general. Antonio Guterres said anti-foreigner sentiment has been on the rise as Covid-19 has spread around the globe. “We must act now…

Covid-19: Death toll passes 275,000 worldwide

PARIS, May 10 (NNN-AGENCIES) — The coronavirus pandemic has killed more than 275,000 people worldwide since it began in China late last year, with more than 85 percent of fatalities in Europe and the United States. In total, 275,018 deaths have been reported from 3,955,631 confirmed cases. Europe is the…

Iraqi PM: Iraq Will Not Become Ground For “Settling Accounts” By U.S., Iran

BAGHDAD, May 10 (NNN-NINA) – Iraqi Prime Minister, Mustafa al-Kadhimi, ruled out Iraq as the ground for “settling accounts” by the U.S. and its rival, Iran. Al-Kadhimi made the remarks, after separately receiving the U.S. and Iranian ambassadors to Iraq, during which he expressed his country’s keenness to cooperate with…

Covid-19: IMF more negative on global economic projections

ROME, May 10 (NNN-AGENCIES) — The head of the International Monetary Fund (IMF) said that previous estimates for the world economy to contract by three percent this year were too optimistic. IMF Managing Director Kristalina Georgieva, during a video-linked conference in Florence, said that worsening indicators in some countries could…

Covid-19: Brazil’s death toll top 10,000

BRASILIA, May 10 (NNN-AGENCIES) — Brazil, the hardest-hit Latin American country in the coronavirus pandemic, has surpassed 10,000 deaths, according to figures released by the Ministry of Health. The country has now recorded 10,627 deaths and 155,939 confirmed cases. While Brazil’s figures are high, scientists think the real toll could…

Covid-19: US Vice-President Mike Pence’s press secretary tests positive

Katie Miller, seen here with Mike Pence’s chief of staff, is married to Trump aide Stephen Miller WASHINGTON, May 10 (NNN-AGENCIES) — A top aide to US Vice-President Mike Pence has tested positive for Covid-19 one day after another White House staff member was diagnosed with the virus. Pence’s press…

Pres Trump ‘torn’ over US-China trade deal as officials push to fulfill its terms

WASHINGTON, May 10 (NNN-AGENCIES) — US President Donald Trump said he was “very torn” about whether to end the Phase 1 US-China trade deal, just hours after top trade officials from both countries pledged to press ahead with implementing it despite coronavirus economic wreckage. In an overnight phone call, US…

Covid-19: US private payrolls dive by a record 20.2 million

US private employers laid off a record 20.236 million workers in April WASHINGTON, May 10 (NNN-AGENCIES) — US private employers laid off a record 20.236 million workers in April as mandatory business closures in response to the novel coronavirus outbreak savaged the economy, setting up the overall labor market for…

5.3-Magnitude Quake Hits Luzon, Philippines: USGS

NEW YORK, May 10 (NNN-AGENCIES) – An earthquake with a magnitude of 5.3, jolted Luzon of the Philippines, at 19:18:11 GMT on Saturday, the U.S. Geological Survey said. The epicentre, with a depth of 86.86 km, was initially determined to be at 14.0476 degrees north latitude, and 120.525 degrees east…
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