UAE Introduces New Coronavirus Penalties For Violators
The United Arab Emirates revised penalties for those who violate rules and will implement expanded Covid-19 measures from Wednesday, officials announced on…
Day: May 20, 2020
The UK Just Sold Its First Ever Negative-Yielding Government Bond
he U.K. borrowed at a negative interest rate for the first time on Wednesday, amid growing fears of a deep…
Nigeria: No Forex For Goods With Local Substitutes –Emefiele
The Central Bank Governor, Mr Godwin Emefiele, has said that the CBN will not support the importation of items that…
Venezuela Files Legal Claim In Bid To Force Bank Of England To Hand Over $1 Billion Of Gold
Venezuela has launched legal proceedings to try to force the Bank of England to hand over $1 billion worth of…
Lockdowns Lead To Drastic Fall In Carbon Emissions
The coronavirus pandemic and associated lockdowns have resulted in a significant fall in worldwide carbon emissions, according to a new…
Ford Forced To Temporarily Close Factory After Two
Ford was forced to temporarily close an auto manufacturing plant in Chicago after two workers tested positive for coronavirus, the…
Nigeria Doctors To Strike Over Treatment By Police During Lockdown
Doctors in Nigeria’s commercial capital Lagos will go on strike from Wednesday evening because of what they describe as police…
Richard Branson’s Virgin Orbit To Attempt Its First Rocket Launch This Weekend
Sir Richard Branson’s Virgin Orbit is set to conduct its first orbital rocket launch as early as Saturday, in the…
Facebook Shares Hit Record High After Launch Of Online Shopping Feature
Shares of Facebook reached an all-time high of $230.75 on Wednesday, soaring as much as 6.4%, with Wall Street being bullish on…
Judge Shelves Tesla Shareholder Lawsuit Seeking To Stop Musk From Tweeting About The Company
A Delaware judge has denied a request by attorneys for Tesla shareholders to pursue a lawsuit seeking to prevent CEO…
Coronavirus: A Facebook Survey Finds That Around One-Third Of Small Businesses Have Stopped Operating
One in three of the small businesses that have shut down since the coronavirus pandemic hit don’t expect to ever…
The Pandemic Closed 90% Of The World’s Museums, And One In Eight May Never Reopen
Museums are starting to reopen in some countries as governments ease coronavirus restrictions, but experts warn that one in eight…
Target’s Online Sales Surge Eases Coronavirus Pain
A surge in Target Corp’s (TGT.N) online sales due to panic buying during the coronavirus crisis helped the big-box retailer…
Pandemic Could Cost Global Economy $82 Trillion In Depression Scenario
How badly will the coronavirus pandemic impact the economy? Does $82 trillion sound not good? That is the scary number…
World Bank Extends COVID-19 Emergency Support To 100 Countries
The World Bank on Tuesday said it had extended emergency support in the campaign against the COVID-19 pandemic to 100…
Nigeria’s Active Oil Rigs Fall By 24% To 16
The number of active oil rigs in the country fell by 23.8 per cent to 16 in April amid the…
Google Plans To Stop Making A.I. Tools For Oil And Gas Firms
Google has pledged to stop building customized artificial intelligence (AI) tools that help oil and gas firms to extract fossil fuels…
Trump ‘Considering’ Travel Ban After Brazil Suffers Deadliest Coronavirus Day On Record
resident Donald Trump said he is considering imposing a travel ban on Brazil, following the South American country’s deadliest day…
Urban Outfitters Predicts 60% Fall In Same-Store Sales On Slow Recovery
Apparel retailer Urban Outfitters Inc (URBN.O) on Tuesday projected a 60% decline in same-store sales in the second quarter due…
S&P Stumbles As Recent Report Questions Moderna Coronavirus Trial Results
The S&P 500 closed lower on Tuesday, as investors focused on a report questioning Moderna’s recent coronavirus vaccine early-stage trial…