S&P 500 Caps Best Week Since 1974 After Fed Acts
Gold reached a 7-year high as haven demand for the metal rose. Oil drops even after Saudis, Russia forge pact on cuts. Powell Sees Every Reason to Think U.S. Can Recover ‘Fairly Quickly’
Month: April 2020
Dealmakers Are Turning to Drones To Help Complete Transactions
Coty’s beauty unit bidders may use drones for due diligence. Latest innovation for salvaging deals in social-distancing age
Ghana Virus Battle ‘Modestly Successful’ On Testing Progress
Ghanaian President Nana Akufo-Addo said the country is making progress to contain the spread of the coronavirus after an increase…
Trump Says Tentative Russia-Saudi Oil Pact ‘Very Acceptable’
President had conference call with Putin, Saudi crown prince. In a weak market, Trump is now pushing for higher oil prices.
Coronavirus: TikTok Pledges $250m for Relief Efforts
TikTok, the fast-growing mobile video app, pledged Thursday to contribute $250 million to coronavirus relief efforts around the world. The…
Tin Can: Nigerian Customs Rakes In N31.7b In March
Despite the ravaging Covid-19 pandemic, the Tincan Island port command of the Nigeria Customs Service (NCS) has announced a revenue…
Coronavirus Can Still Be Contained in Most of Africa, WHO Says
Much of the African continent still has a chance to contain the coronavirus pandemic, according to the World Health Organization.…
Coronavirus Pandemic Is Playing To Almost Every One Of Amazon’s Strengths
As the coronavirus pandemic has forced people to stay inside, few companies have proven themselves as essential as Amazon. From…
16.8 Million Americans Have Filed For Unemployment In Past 3 Weeks
A staggering 16.8 million Americans have filed for unemployment benefits in the last three weeks, with weekly new claims topping…
French Court Rules Google Must Pay News Firms For Content
France’s competition authority ruled on Thursday that Google must pay French publishing companies and news agencies for re-using their content.…
You Are Wrong, Uwais, Nigeria’s Minister for Social Investment Lectures National Assembly Leadership On Administration’s Social Investment Programmes
Maryam Uwais, a special adviser to President Buhari on Social Investment Programme has published a long rebuttal to educate the…
Obasanjo, Okonjo-Iweala Demand $44bn Debt Relief For Africa
World leaders, including Olusegun Obasanjo, former president of Nigeria and Ngozi Okonjo-Iweala, former managing director of the World Bank, have…
Southampton Becomes First PL Club To Announce Players Will Defer Salaries
Southampton on Thursday became the first Premier League club to announce their players will defer several months of their salaries…
Coronavirus: Africa Set For First Recession In 25 Years
The Sub-Saharan Africa region will see economic growth reverse and plunge to between -2.1% to as low as -5.1% this…
Nigeria’s Stock Market Extends Gain By N77bn
Nigerian stocks on Wednesday sustained its positive outlook as the overall performance measures, NSE ASI and market capitalisation, rose further…
Tesla’s China Sales Hit Record High In March
Tesla Inc sold 10,160 vehicles in China in March, its highest ever monthly sales in the world’s largest auto market,…
Global Stocks Gain On Hopes Pandemic Is Reaching Peak
Global shares rose on Thursday on hopes the COVID-19 pandemic was nearing a peak and that governments would roll out…
Russia, Saudi To Discuss Oil Output, As U.S Resists Joining
OPEC and Russia meet on Thursday to try to agree to record oil output cuts but their efforts to address…
Power Discos To Offer Customers Two-month Free Electricity in Nigeria
Power distribution companies on Wednesday announced that they were in support of proposal by the National Assembly and the Federal…
Worst Recession In Decades Piles Pressure On EU To Agree New Relief Package
Europe’s top two economies are contracting at their fastest pace in decades, according to forecasts published Wednesday, underscoring the urgent…
French Economy Enters Recession With 6% Drop In First Quarter, Its Worst Since 1945
In its worst performance since 1945, the French economy shrank around six percent in the first quarter of this year…
Coronavirus: France To Extend Virus Lockdown
France is to further extend a lockdown ordered to slow the spread of the coronavirus, with President Emmanuel Macron to…
Nigeria Records 22 New Cases Of Coronavirus
Nigeria has recorded 22 new cases of Coronavirus, 15 in Lagos, four in the Federal Capital Territory, two in Bauchi,…
Coronavirus: Restaurants Are Transforming Into Grocery Stores
About a month ago, Anthony Strong finally opened a dining room for family-style meals in his San Francisco restaurant, Prairie.…
U.S. GDP Will Contract 30% In Second Quarter, 5% In 2020: PIMCO
The forced closure of businesses across the United States and surge in unemployment due to the coronavirus pandemic will force…
Nigeria’s Federal Government Reduces 2020 Budget
The Federal Government has sent new budget proposal to the National Assembly for consideration in view of global economic realities…
GM Gets Contract From U.S Government Worth $489m To Make Ventilators
The United States on Wednesday awarded automaker General Motors Co (GM.N) a contract worth $489.4 million to make ventilators needed…
Tesla To Slash Employee Pay And Furlough Workers
Tesla Inc (TSLA.O) told employees on Tuesday it would furlough all non-essential workers and implement salary cuts during a shut…
1,739 Foreign Nationals Evacuated From Lagos In Two Weeks – FAAN
The Federal Airports Authority of Nigeria on Tuesday said 1,739 foreigners had been evacuated from Nigeria since the closure of…
Honda Reopens Plant in China’s Wuhan With Temperature Checks And Masks
Temperature checkpoints and posters telling workers to keep more than a metre apart at Japanese automaker Honda Motor Co’s reopened…