Poorer governments could find themselves out of luck when it comes to getting necessary medical supplies. More on Latin America’s COVID-19 response from Breakingviews:
Peru's President Martin Vizcarra attends a swearing-in ceremony at the government palace in Lima, Peru October 3, 2019. REUTERS/Guadalupe PardoLATAM RESPONSE AT RISK FROM MARKET FAILURE. Peru’s President Martin Vizcarra is trying to organize a $15 billion-plus line of credit from the Inter-American Development Bank to fight the coronavirus in coordination with Bolivia, Chile, Colombia, Ecuador and Paraguay.
It should mean that lenders like Deutsche Bank, BNP Paribas and others will be swimming in liquidity, giving them ample cash to meet customers’ credit needs. The ECB’s latest move comes on top of it granting banks wiggle room on bad debt provisions and significant capital relief. It’s still too early to tell whether European governments’ efforts to keep businesses afloat are working. But it’s easier to see whose fault it will be if they’re not.
Privacy and security concerns aren’t necessarily deadly for internet firms. Facebook is still thriving despite a series of missteps. But videoconferencing is a competitive business. And with at least four U.S. Senators calling for a probe of Zoom and several states investigating it, these issues will be bubbling for months. That’ll give the likes of Microsoft Teams or Google Hangouts the chance to pick up more speed.
CARRIE LAM REIGNITES DYING HONG KONG TINDER. The world’s second-best paid political executive can’t seem to let an opportunity to alienate people pass. Despite admitting her attempt to ram through an extradition bill that set off months of violent protests was “inexcusable”, she is ignoring the example set by executives taking voluntary pay cuts to show solidarity.
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