Walt Disney World And Unions Agree On Safeguards For Returning To Work
Walt Disney Co (DIS.N) and unions representing workers at Florida’s Walt Disney World have reached an agreement on safeguards to…
Month: May 2020
Qatar Airways To Distribute 100,000 Free Tickets
Qatar Airways has said it will give away 100,000 free tickets to the front-line healthcare professionals to commend them for…
Nigerian Treasury Bill Oversubscribed By N132bn
The Nigerian Treasury Bills auctioned for the month of May was oversubscribed by N132bn. The Debt Management Office disclosed this…
EU Pushes To Reopen Border Amidst Coronavirus
The European Union (EU) on Wednesday pushed to reopen internal borders and restart travel ahead summer season despite the increase…
Airtel Nigeria Reports $1.37bn Revenue, 41.8 Million Subscribers
Airtel Nigeria reported a revenue growth of 24.1 per cent to $1.37bn in the year ended March 31, 2020, up…
Nigeria: Stock Market Halts Downward Trend As Unilever, 19 Others Gain
Transaction activities on the Nigerian equity market on Wednesday halted the three-day negative sentiment following gains recorded by Unilever Nigeria…
Nigeria: FG Adjusts 2020 Budget To N10.52tn, Adopts $25 Oil Benchmark
The Federal Government on Wednesday adjusted the 2020 budget downward from the original N10.59tn to N10.52tn. The budget deficit is…
China Denies US Accusation Of Vaccine Theft, Labels the Claim ‘Smearing’
Beijing has denied the US accusation that the Asian country was trying to steal US research on developing a vaccine…
The Jobs Recovery Could Be Choppy, With Some Coming Back Quickly And Others Lost Forever
TJ Wilson is no stranger to hunting for jobs. A consultant based in Los Angeles, Wilson often has a few…
Dow Drops 250 Points In 4th Straight Days Of Losses After Dismal Unemployment Data
Stocks fell on Thursday after the latest jobless data underscored the coronavirus’ devastating toll on the U.S. economy. Dow Jones…
Banks Are Deep In A Bear Market, And Traders See Little Reason For Hope
Bank stocks are breaking down. The KBE bank ETF, which includes major companies Citigroup and JPMorgan, has fallen 13% just…
U.S. Weekly Jobless Benefits To Stay Elevated As Coronavirus Layoffs Widen
The global novel coronavirus crisis continues to batter the U.S. labor market, with millions more Americans, including white collar workers,…
Trump Says Fauci Remarks on Risk To Reopening Economy Unacceptable
U.S. President Donald Trump on Wednesday described as not acceptable a warning given by top U.S. infectious disease expert Anthony…
Coronavirus: US Accuses China Of Hacking Coronavirus Research
China-linked hackers are targeting organisations researching the Covid-19 pandemic, US officials say. The FBI said it had seen hacking attempts…
Canada, U.S. Are Likely To Extend Travel Restrictions Until June 21
Canada and the United States appear likely to extend a ban on non-essential travel until June 21 amid the novel…
Tesla, California County Reach Deal To Reopen U.S. Plant Next Week
Tesla Inc and officials in California have resolved their acrimonious clash over safety procedures at the automaker’s sole U.S. assembly…
Nigeria: Foreign Reserves Gain $1.22bn In 11 Days, Rise To $34.65bn
Foreign reserves have risen to $34.65bn within eleven days, latest figures from the Central Bank of Nigeria have indicated. The…
UK Economy Posts Sharpest Monthly Decline On Record
U.K. GDP (gross domestic product) contracted by 5.8% month-on-month in March, according to preliminary figures released Wednesday, as lockdown measures…
US Says It Won’t Use Ventilators Sent To It By Russia After Deadly Hospital Fires
The U.S. has said it will not use the Russian ventilators sent to it by Moscow while an investigation is…
Gilead Strikes Deal To Make Remdesivir Coronavirus Treatment In 127 Countries
Gilead Sciences has struck a licensing agreement with five generic drugmakers to make antiviral drug remdesivir in 127 countries, not including…
Nigeria’s Bonny Light Rise Above $25, As Saudi Arabia Further Cuts Supply
Nigeria’s flagship crude, Bonny light, rose by 1.20% to stand at $25.23 per barrel, according to the latest data released by…
U.S. Airlines Tell Crews Not To Force Passengers to Wear Masks
The top three U.S. airlines have told their flight attendants not to force passengers to comply with their new policy…
Fear Of Coronavirus Second Wave Stalks Stock Markets
Global stocks and oil prices fell on Wednesday as fears about a second wave of coronavirus infections gripped financial markets.…
England Tiptoes Out Of Full Lockdown As Economy Plunges
England tentatively began easing its coronavirus lockdown on Wednesday, with some people who cannot do their jobs at home urged…
U.S. Airlines Tell Crews Not To Force Passengers To Wear Masks
American Airlines Group Inc (AAL.O), Delta Air Lines Inc (DAL.N) and United Airlines Holdings Inc (UAL.O) have told employees that…
Twitter To Let Some Employees To Work From Home Permanently
Twitter Inc (TWTR.N) on Tuesday became the first major tech company to allow employees who can work remotely to do…
U.S. Reports Record $738 Billion Budget Deficit In April
The United States on Tuesday reported a record $738 billion budget deficit in April as an explosion in government spending…
Coronavirus Crisis Leads To Largest U.S. Consumer Price Decline Since 2008
U.S. consumer prices dropped by the most since the Great Recession in April, weighed down by a plunge in demand…
Boeing Predicts An Airline Bankruptcy
Boeing CEO Dave Calhoun said in an NBC interview on Tuesday that a U.S. airline bankruptcy is likely in 2020. It is a…
Dollar Sells For N445 As Forex Scarcity Persists
The dollar exchanged for N445 in the parallel market on Monday due to scarcity and shrinking liquidity in the forex…