Mexican President Vows $2.5 Billion To Stimulate The Economy
Mexico's President says the money will protect jobs and three million loans will be issued to small businesses.
Mexican President Andres Manuel Lopez Obrador is pledging $2.5 billion to stimulate the country's ailing economy amid the coronavirus. But his announcement Friday comes after piqued criticism over his failure to respond sooner.
Lopez Obrador said his government will provide 3 million loans next month to support small businesses. But he offered few specifics.
Mexico is Latin America's second largest economy and was already falling into a recession prior to the pandemic.
The president says he'll cut his pay as he directs help to the public. This is after he had downplayed the virus, shunning calls for social distancing while hugging and kissing people at large public events.
Swiss bank UBS called his response to the outbreak "among the weakest anywhere in the world," and predicts the economy to plummet even further this year.
Other business analysts have also chastised Mexico's failure to step up government spending amid the pandemic
Mexican health officials have advised citizens to wear face masks in public and regularly wash their hands. But this can be difficult. In many impoverished regions, people lack access to clean water.
According to the National Autonomous University of Mexico, that includes as many as one million people in the nation's capital, Mexico City.
Do you still need a COVID-19 shot? WHO updates guidance
The World Health Organization says countries don't need to prioritize COVID-19 vaccines for certain groups, including children.
How you can clean the air to protect yourself from COVID
People can remove harmful aerosol particles, like the virus that causes COVID, from the air on their own terms.
Moderna defends vax price hike, despite billions in taxpayer funding
The company is planning to raise the price of its COVID-19 vaccine from about $26 per dose up to $130 per dose.
7 California officers charged in death of LA motorist caught on video
An 18-minute video of the incident, recorded by one of the officers on the scene, shows Edward Bronstein handcuffed and on his knees.
Trump faces at least one felony charge, AP sources say
Two anonymous sources told the Associated Press that Donald Trump faces at least one felony charge. Scripps News has not confirmed any charges yet.
Nashville pastor describes how his community is healing from tragedy
BJ Brack is the senior pastor at Calvary United Methodist Church. His church is roughly a mile and a half from the school where 6 people were killed.