NBA In Talks With Disney About Resuming Season At ESPN Complex In July
The National Basketball Association is engaged in “exploratory conversations” with its media partner Walt Disney about resuming its season suspend…
Day: May 23, 2020
Brazil Jumps Into No. 2 In Coronavirus Cases, Behind The U.S
Brazil became the world No. 2 hotspot for coronavirus cases on Friday, second only to the United States, after it…
Sudan Recovers $4 Billion of Assets From Ex-President Bashir
Sudan has confiscated assets valued at $4 billion from former President Omar al-Bashir, his family members and associates, the country’s…
Spain Readies For Return Of Football And Tourism
Spain will reopen its borders to tourists in July, and its top football division will kick off again in June,…
Coronavirus: Anti-Lockdown Car Protest In Spain Draws Thousands
Thousands of people in Spain are protesting against the government’s handling of the coronavirus outbreak. The far-right Vox party urged…
China Scraps Annual Economic Growth Target For First Time
China will not set an economic growth goal for this year as it deals with the fallout from the coronavirus…
Nigeria: Oil, Gas Revenue Dropped By N425.52bn In Q1 –Minister
The country’s revenue from oil and gas dropped by N425.52bn in the first quarter of 2020 to N940.91bn, Minister of…
Facebook Employees May Face Pay Cut If They Move To Cheaper Areas To Work From Home
Mark Zuckerberg says he expects about half of Facebook Inc.’s employees to work from home five to 10 years from…
Coronavirus: Jaguar Seeks State Loan As Pandemic Takes Toll
Jaguar Land Rover (TAMO.NS) is in talks with the British government about a request for temporary state funding of more…
Alibaba Sees China Retail Volume Growing Near Pre-Pandemic Levels But Stock Falls Amid U.S.-China Tensions
Alibaba Group Holding Ltd. said that volume on its China retail marketplaces was back to growing at near pre-pandemic rates,…
UK To Require Employers To Pay 20-30% Of Furloughed Wage Cost
The United Kingdom has drawn up plans to require employers to cover 20% to 30% of furloughed employees’ wages from…
UK Court Throws Out Nigeria’s $1bn Bribery Case
An English court threw out a $1.1bn case Nigeria brought against Royal Dutch Shell and Eni relating to a dispute…
Nigeria:Lagos State’s IGR More Than The Combined Total Of 26 Other States
Lagos State has retained its place as Nigeria’s economic capital, generating N398.7bn in 2019 alone. The sum is the equivalent…
Argentina Defaults On Bond Payments As Debt Talks Heat Up
Argentina missed payments on around $500 million in already delayed bond coupons on Friday, creditors and a ratings agency said,…
American Billionaires Got $434 Billion Richer During The Pandemic
America’s billionaires saw their fortunes soar by $434 billion during the U.S. lockdown between mid-March and mid-May, according to a…
U.S. Accuses China Of Blocking U.S. Flights, Demands Action
The U.S. government late on Friday accused the Chinese government of making it impossible for U.S. airlines to resume service…
Brazil Debt To Hit Record 93.5% Of GDP This Year: Economy Ministry
Brazil’s national indebtedness will soar to record levels this year due to the coronavirus crisis, with gross national debt reaching…
Hertz Stock Plunges 30% After Report Saying Bankruptcy Filing Is Imminent
Shares of Hertz Global Holdings Inc. HTZ, -7.49% fell more than 30% in the extended session Friday after The Wall…
Rental Car Giant Hertz Files For U.S. Bankruptcy Protection
The more than a century old car rental firm Hertz Global Holdings Inc (HTZ.N) filed for bankruptcy protection on Friday…
US To Blacklist 33 More Chinese Firms
The United States said on Friday it would add 33 Chinese firms and institutions to an economic blacklist for helping Beijing spy…