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Brazil health minister Teich resigns just weeks into the job
Nelson Teich disagreed with right-wing President Jair Bolsonaro over the country’s coronavirus response. Brazilian Health Minister Nelson Teich resigned on Friday after just weeks on the job, adding to turmoil over President Jair Bolsonaro’s handling of an accelerating coronavirus outbreak in one of the world’s worst hotspots. Teich, whom Bolsonaro had criticised as being too […]
Brazil markets slammed as coronavirus goes ‘pandemic’, stocks fall 8.5%
By Jamie McGeever BRASILIA (Reuters) – Brazilian markets fell sharply on Wednesday, as stocks closed 8.5% lower and the real slid back toward its all-time low against the dollar after the World Health Organization declared the coronavirus outbreak a global pandemic. Reflecting the scale of investors’ risk aversion, longer term market-based interest rates surged, implying […]
Business activity collapses across Europe as coronavirus lockdowns spread
By Jonathan Cable LONDON (Reuters) – Business activity has cratered across Europe as attempts to contain the coronavirus pandemic push governments to shut down vast swathes of their economies, from shops to factories to restaurants, surveys showed on Friday. The pandemic has infected more than a million people worldwide, paralysing economies as consumers worried about […]