Nigeria May Go Into Recession – Zainab Ahmed
Zainab Ahmed, Nigeria’s Finance Minister, has said that the country may go into recession due to the slowing down of…
Day: May 21, 2020
The Dow Closes Down 102 Points Due Partly To Rising Unemployment In The US
U.S. stocks finished lower Thursday, with investors pointing to elevated tensions between Washington and Beijing and a stream of poor…
Zuckerberg Defends Facebook’s Actions On Coronavirus Misinformation
Facebook founder Mark Zuckerberg has told the BBC that it had and would remove any content likely to result in…
Amazon Trials Online Food Delivery In India
Internet giant Amazon is entering the meal delivery business with a trial in four parts of India’s Bengaluru. The move…
Coronavirus: EasyJet Passengers Will Be Required To Wear Masks
EasyJet has said it will resume some flights on 15 June, with all passengers and cabin crew told to wear…
Why Time Seems To Be Going Faster While We Are In Lockdown
As parts of the world begin to ease their lockdowns, some people are looking back and finding the time in…
UK Contributes £20m To Africa’s Anti-COVID-19 Fund
United Kingdom on Thursday said it would be investing up to 20 million Pounds in the African Union’s new ‘Africa…
Oil at highest Since March Due To Lower U.S. Inventories, Recovering Demand
Global benchmark Brent rose on Thursday to its highest since March, supported by lower U.S. crude inventories, OPEC-led supply cuts…
Another 2.438 Million Americans File For Unemployment Benefits
First-time filings for unemployment insurance totaled 2.44 million last week as the tail effects of the coronavirus shutdown continued to…
Netflix Will Start Automatically Canceling Inactive Accounts
Netflix has started to terminate accounts that people haven’t used the service for a year or more. The company announced that…
Music Industry To Nearly Double In Value By The End Of The Decade, Goldman Sachs Says
Goldman Sachs expects global music revenues to tumble by up to 25% in 2020, largely due to widespread disruption across all…
How Nigerian Fintech Firm Flutterwave Adapted To Help Small African Businesses During Lockdown
US-Nigerian fintech company Flutterwave has created an e-commerce platform for African companies, becoming the latest start-up to see opportunities in…
Coronavirus: 70% Of Dubai Companies Expects To Go Out Of Business Within Six Months, Survey Finds
DUBAI, United Arab Emirates — A staggering 70% of businesses in Dubai expect to close their doors within the next six…
Macy’s Said It Could Lose Up To $1bn Due To Lockdowns
Macy’s Inc (M.N) said on Thursday it could rack up operating losses of up to $1.11 billion in the first…
Nigeria: Lagos Doctors Call Off Sit-At-Home Strike
Lagos Branch of the Nigerian Medical Association Thursday called off its sit-at-home order over the harassment of health workers by…
Lufthansa Closes In On $10 Billion State Rescue Deal
Lufthansa said on Thursday a deal would involve the government taking two seats on its supervisory board, but it would…
Shares Lose Footing, Oil Marches On
Equity markets slipped on Thursday on concerns about the long-term impact of the new coronavirus and simmering U.S.-China tensions, though…
Nigeria: FAAN Slashes Workers’ Salaries
The Federal Airports Authority of Nigeria on Tuesday said it might not be able to pay full staff salaries as…
Coca-Cola CEO Says Economic Impact Of Coronavirus Lockdowns Is ‘Just Starting To Begin’
Coca-Cola CEO James Quincey delivered a grim forecast for the global economy’s recovery from the impact of the coronavirus pandemic on Wednesday. “The…