UK Economy Crumbling Under Coronavirus Strain As Questions Mount Over Lockdown Exit
The United Kingdom’s economy is crumbling under the strain of the coronavirus lockdown and government borrowing is soaring to the…
Day: April 23, 2020
Venture Firm Benchmark Raises New Fund Without Early Uber Investor: Source
The Silicon Valley venture capital firm known for its early backing of companies such as Uber Technologies Inc is raising…
Flaw In iPhone, iPads May Have Allowed Hackers To Steal Data For Years
Apple Inc (AAPL.O) is planning to fix a flaw that a security firm said may have left more than half…
Trump Signs Immigration Order Curbing Green Cards
President Donald Trump on Wednesday signed an order to temporarily block some foreigners from permanent residence in the United States,…
China To Donate More Money To The WHO
China is to donate an additional $30 million to the World Health Organization (WHO) to support efforts to combat the coronavirus, China’s Foreign Ministry spokeswoman Hua Chunying said on Thursday.
ECOWAS Appoints Buhari To Coordinate Fight Against COVID-19 In Africa Sub-region
Member countries of the Economic Community of West African States (ECOWAS) have appointed Nigeria President Muhammadu Buhari as the coordinator…
Gap Stops Paying Rents, Warns It Might Not Have Enough Cash For Operations
Gap warned on Thursday it may not have enough cash flow to sufficiently fund its operations as stores remain shut…
Nigerian Telcos Battle Congestion, Suspend Porting, Seek Spectrum Sharing
Telecommunication operators are struggling to keep up with the rise in voice and data traffic that has led to congestion…
Why A ‘Return To Normal’ Could Mean Disaster For The Stock Market
It’s hard to deny, although some do, that the stock market, pre-coronavirus, was pushing the limits of what it means…
Target’s Shares Tumble As Retailer Says First-Quarter Profits Will Be Hurt By Higher Costs
CEO Brian Cornell said Thursday the retailer has benefited from a surge in online shopping, but warned it will have…
Apple Aims To Sell Macs With Its Own Chips Starting In 2021
Apple Inc. is planning to start selling Mac computers with its own main processors by next year, relying on designs…
Oil Crash May Warrant Production Halt In Nigeria – NNPC
Nigeria has not stopped producing crude oil but a persistent crash in oil prices may lead to a halt in…
Saudi Arabia May Re-route Tankers If U.S. Imposes Crude Import Ban
Saudi Arabia is exploring re-routing millions of barrels of oil onboard tankers sailing to the United States if President Donald…
Record U.S Jobless Claims Wipe Out Post-Great Recession Employment Gains
A record 26 million Americans likely sought unemployment benefits over the last five weeks, confirming that all the jobs created…
Pandemic Throws Asia’s Services Firms, Factories Into Deeper Decline
The coronavirus pandemic battered Asian economies in April with social-distancing policies and business closures taking a particularly heavy toll on…