Vanishing Jobs For The Young Could Create A ‘Lock-Down Generation’
Bashar Ali Naim used to work in a perfume and accessories store in Baghdad, earning $480 per week on average.…
Day: May 28, 2020
Another 2.1 Million Americans File Jobless Claims
First-time claims for unemployment benefits totaled 2.1 million last week, the lowest total since the coronavirus crisis began though indicative…
U.S. Major Airlines Roll Out More Options To Avoid Staff Layoffs
The top three U.S. airlines, hit hard by the coronavirus pandemic, are rolling out fresh programs to induce tens of…
Donald Trump Signs Executive Order Targeting Social Media Companies
President Donald Trump signed an executive order on Thursday targeting tech companies like Facebook, Twitter, and Google and the pivotal…
Coronavirus: Nordstrom Quarterly Sales Fall Nearly 40%
Upscale department store chain Nordstrom Inc (JWN.N) on Thursday reported a nearly 40% slump in quarterly sales, as lockdowns to…
Elon Musk Earns first Performance-Based Payout From Tesla, Worth More Than $700 Million
Tesla confirmed that CEO Elon Musk earned the first tranche of his massive incentive payout, in a document filed with the…
Nigeria: Only Four Or Five Airports May Be Opened For Domestic Flights Ncaa
Director-General, Nigerian Civil Aviation Authority, NCAA, Captain Musa Nuhu yesterday said only four or five Airports may be opened for…
Cuomo Will Let New York Businesses Deny Customers Without Masks
New York Gov. Andrew Cuomo said in a Thursday press conference that he will sign an executive order allowing businesses…
Zuckerberg Bashes Twitter, Says Facebook Won’t Be An ‘Arbiter Of Truth’
Two years after admitting under political pressure that Facebook must do more to prevent disinformation campaigns on its platform, founder…
Renault Set To Announce 15,000 Layoffs Worldwide
French carmaker Renault is poised to announce 15,000 layoffs worldwide on Friday as it unveils a plan to boost its…
Dubai To Lift Restrictions On Gyms, Movie Theaters And Other Non-Essential Businesses
The Dubai government announced new measures to lift restrictions on businesses, allowing gyms, movie theaters, leisure venues, educational and training…
Google Search Results Will Take ‘Page Experience’ Into Account Next Year
Google will change how its algorithms rank websites in search results, the company announced today. Starting sometime early next year,…
Boeing Resumes Production Of Its Troubled 737 Max Airplane
Boeing said it would resume manufacturing the troubled 737 Max airplane after a nearly five-month hiatus. The aerospace company said…
Premier League To Restart On June 17 With Manchester City V Arsenal
The Premier League season is set to restart on 17 June with Aston Villa v Sheffield United and Manchester City…
Abercrombie & Fitch Sales Fall 34%, As Stores Were Forced Shut During Pandemic
Abercrombie & Fitch said Thursday its sales tanked 34% during the first quarter because of store closings during the coronavirus pandemic and…
Uber Sends Thousands Of Electric Bikes And Scooters To The Scrapheap After Lime Deal
Uber is scrapping thousands of electric bikes and scooters worth millions of dollars after selling its Jump unit to mobility…
Nigeria: Buhari Writes Reps, Seeks Another $5.513bn Loan
President Muhammadu Buhari is seeking approval to borrow another $5.513bn. The letter was read on the floor of the House…
Nissan Plans To Slash Costs After First Loss In 11 Years
Nissan Motor Co outlined a new plan on Thursday to become a smaller, more cost-efficient carmaker after the coronavirus pandemic…
Trump To ‘Sign Executive Order About Social Media’
US President Donald Trump will sign an executive order targeting social media firms, the White House has said. It comes…
Amazon To Offer Permanent Jobs To 70% of 175,000 New U.S. Hires
Amazon.com Inc (AMZN.O) plans to offer permanent jobs to about 70% of the U.S. workforce it has hired temporarily to…