Oil Reverses Early Gains As OPEC+ Deal Fails To Revive Prices
Oil declined after an initial jump as an historic deal among the world’s top producers to cut global output by…
Month: April 2020
A Quiet And Somber Easter As Global Coronavirus Death Toll Tops 110,000
Christians around the world celebrated Easter Sunday isolated in their homes by the coronavirus while pastors preached the faith’s joyous…
OPEC+ Finally Strike Agreement To Cut Nearly 10 Million Barrels A Day
DUBAI, United Arab Emirates — OPEC, Russia and other oil-producing nations on Sunday finalized an unprecedented production cut of nearly…
Coronavirus Pandemic Reveals Widening Digital Gap — UN
The United Nations Conference on Trade and Development says the global crisis brought on by the coronavirus pandemic has further…
ACCA Research Shows 82% of Firms Are Expecting Negative Revenue Growth
A research conducted by the Association of Chartered Certified Accountants research shows that about 82 per cent of firms expect…
Coronavirus Spurs ‘Massive Shift’ In Alcohol Supply Chain Not Seen Since Prohibition
With people across the U.S. facing orders to remain in their homes, and bars and restaurants closed as part of…
Nigerian Federal Government, States, LGs Record N413.3bn Allocation Shortfall
The three tiers of government suffered a shortfall of N413.3bn in allocation from the federation account within a two-month period…
Coronavirus: Rising Unemployment Threatens China’s Poverty Targets
Although China is claiming success in its battle against the coronavirus, millions have lost their jobs in the economic fallout,…
African Economies Hard Hit By Coronavirus Pandemic
Sub-Saharan Africa has not been as badly hit by the coronavirus pandemic as some other parts of the world, but…
Coronavirus: Ethiopia Prohibits Company Layoffs Under State of Emergency
Ethiopia prohibited companies from laying off workers and terminating employment in measures introduced as part of a state of emergency…
Talks To Cut The World’s Oil Production Drag On For A Third Day
The world’s largest oil producers were still grasping for a deal to rescue energy markets from a coronavirus-induced collapse after…
Apple And Google Partner On Coronavirus Contact Tracing Technology
Apple Inc (AAPL.O) and Alphabet Inc’s (GOOGL.O) Google said on Friday that they will work together to create contact tracing…
Nigeria: Small Business Owners Say Economic Impact Of Coronavirus Is ‘Killing’ Them More Than The Virus Itself
One bright morning in early March, a Lagos-based real estate agent, Mr John Adewale, got a call from a potential…
These Countries Are Reopening — Here’s How They’re Doing It
People in the Czech Republic can now shop at hardware and bicycle stores, play tennis and go swimming. Austria plans…
Disney+ Surpasses 50M Paid Subscribers Globally
Disney+ (DIS) has gained momentum in the streaming fight — announcing this week that the platform topped 50 million subscribers worldwide since…
Coronavirus Will Change How Stuff Gets To You
From toilet paper shortages to computer chips, the novel coronavirus pandemic has exposed many weak links in the highly globalized supply chains…
IMF Grants Tunisia $745m Loan To Combat Coronavirus
The International Monetary Fund on Friday announced the approval of a 745-million-dollar loan to help Tunisia cope with the economic…
Coronavirus: IMF Names Okonjo-Iweala In Advisory Group
IMF Managing Director, Kristalina Georgieva, on Friday, named a former Nigerian finance minister, Dr. Ngozi Okonjo-Iweala, among a group of…
How The Pandemic Wiped Out Global Oil Demand
Global oil demand is being destroyed as the coronavirus forces people around the world to remain indoors and avoid all…
World Bank Predicts Sharp Fall In Nigeria’s GDP
The World Bank has predicted a sharp fall in Nigeria’s real gross domestic product growth as countries in sub-Saharan Africa…
Nigerian Government, NASS To Pay For Two-month ‘Free Electricity’ –Discos
Power distribution companies on Thursday said that the two-month free electricity to customers announced on Wednesday would be paid for…
Nigeria Joins OPEC To Cut Crude Oil Production
The Federal Government of Nigeria has said it has joined OPEC + to cut crude oil supply by up to…
High U.S Unemployment To Persist Until 2021
After a widely expected and sharp drop in the U.S. economy over the next three months, a panel of top…
Coronavirus: Pandemic May End Japan’s Fiscal Experiment
The huge cost of the coronavirus pandemic is upending Japan’s seven-year experiment to rescue the economy from its debt timebomb,…
Global Oil Cut Agreement In Jeopardy As Mexico Declines To Cut Production
Oil producers in the OPEC+ group, led by Saudi Arabia and Russia, were expected to pressure Mexico on Friday to…
OPEC+ Confirms Agreement On Cuts Of 10m Bpd In May, June
OPEC and allied oil producers, a group known as OPEC+, agreed on Thursday to cut output by 10 million barrels…
Nigeria And 89 Other Countries Eye $100b IMF Loans
Nigeria and 89 other global economies have indicated interest to borrow at least $100 billion emergency fund from International Monetary…
South Africa Extends Lockdown By Two Weeks To Tackle Virus
Struggle against coronavirus is far from over, Ramaphosa says. Country has 1,934 confirmed infections, most in Africa
Global Cases reach 1.6 Million; Johnson Out Of ICU
The number of confirmed cases has reached nearly 1.6 million globally as of April 10, according to data collected by Johns Hopkins University and Bloomberg News. U.S. cases now stand at 461,437 compared to Spain with 153,222 as the next highest country. New York state reported the fewest hospitalizations since the outbreak began, even as deaths hit another high.
Wall Street Gets Its Bull Back In Four Dramatic, Dizzying Days
U.S. benchmark returns to bull market as Fed steps up response. Shortened week is not short of action as virus chaos continues.