Business Walt Disney World And Unions Agree On Safeguards For Returning To Work May 14, 2020 Ekemini Walt Disney Co (DIS.N) and unions representing workers at Florida’s Walt Disney World have reached an agreement on safeguards to protect employees from coronavirus, a union statement said on Thursday,…
Business Qatar Airways To Distribute 100,000 Free Tickets May 14, 2020 Ekemini Qatar Airways has said it will give away 100,000 free tickets to the front-line healthcare professionals to commend them for their heroic work during the current COVID-19 crisis. The airline,…
Local Nigerian Treasury Bill Oversubscribed By N132bn May 14, 2020 Ekemini The Nigerian Treasury Bills auctioned for the month of May was oversubscribed by N132bn. The Debt Management Office disclosed this on its website on Wednesday, adding that a total of…
World EU Pushes To Reopen Border Amidst Coronavirus May 14, 2020 Ekemini The European Union (EU) on Wednesday pushed to reopen internal borders and restart travel ahead summer season despite the increase in coronavirus infections. Despite public fears over health and safety,…
Local Airtel Nigeria Reports $1.37bn Revenue, 41.8 Million Subscribers May 14, 2020 Ekemini Airtel Nigeria reported a revenue growth of 24.1 per cent to $1.37bn in the year ended March 31, 2020, up from $1.11bn reported a year earlier. This growth, according to…
Local Nigeria: Stock Market Halts Downward Trend As Unilever, 19 Others Gain May 14, 2020 Ekemini Transaction activities on the Nigerian equity market on Wednesday halted the three-day negative sentiment following gains recorded by Unilever Nigeria Plc and 19 other firms. The major market performance measures,…
Local Nigeria: FG Adjusts 2020 Budget To N10.52tn, Adopts $25 Oil Benchmark May 14, 2020 Ekemini The Federal Government on Wednesday adjusted the 2020 budget downward from the original N10.59tn to N10.52tn. The budget deficit is in excess of N5.3tn. The approval was made in Abuja…
World China Denies US Accusation Of Vaccine Theft, Labels the Claim ‘Smearing’ May 14, 2020 Ekemini Beijing has denied the US accusation that the Asian country was trying to steal US research on developing a vaccine for Covid-19. The US had accused Beijing of sending hackers…
World The Jobs Recovery Could Be Choppy, With Some Coming Back Quickly And Others Lost Forever May 14, 2020 Ekemini TJ Wilson is no stranger to hunting for jobs. A consultant based in Los Angeles, Wilson often has a few weeks or months in between contract roles with different cosmetics…
Local Dow Drops 250 Points In 4th Straight Days Of Losses After Dismal Unemployment Data May 14, 2020 Ekemini Stocks fell on Thursday after the latest jobless data underscored the coronavirus’ devastating toll on the U.S. economy. Dow Jones Industrial Average futures fell 330 points, implying an opening loss…
Banking Banks Are Deep In A Bear Market, And Traders See Little Reason For Hope May 14, 2020 Ekemini Bank stocks are breaking down. The KBE bank ETF, which includes major companies Citigroup and JPMorgan, has fallen 13% just this week. Losses accelerated on Wednesday after Federal Reserve Chairman…
World U.S. Weekly Jobless Benefits To Stay Elevated As Coronavirus Layoffs Widen May 14, 2020 Ekemini The global novel coronavirus crisis continues to batter the U.S. labor market, with millions more Americans, including white collar workers, expected to have filed for unemployment benefits last week as…
World Trump Says Fauci Remarks on Risk To Reopening Economy Unacceptable May 14, 2020 Ekemini U.S. President Donald Trump on Wednesday described as not acceptable a warning given by top U.S. infectious disease expert Anthony Fauci this week about the dangers of reopening the economy…
World Coronavirus: US Accuses China Of Hacking Coronavirus Research May 14, 2020 Ekemini China-linked hackers are targeting organisations researching the Covid-19 pandemic, US officials say. The FBI said it had seen hacking attempts on US groups researching vaccines, treatments and testing. The US…
World Canada, U.S. Are Likely To Extend Travel Restrictions Until June 21 May 14, 2020 Ekemini Canada and the United States appear likely to extend a ban on non-essential travel until June 21 amid the novel coronavirus pandemic, a Canadian government source and a top U.S.…
Business Tesla, California County Reach Deal To Reopen U.S. Plant Next Week May 13, 2020 Ekemini Tesla Inc and officials in California have resolved their acrimonious clash over safety procedures at the automaker’s sole U.S. assembly plant with a deal that allows production to resume as…
Local Nigeria: Foreign Reserves Gain $1.22bn In 11 Days, Rise To $34.65bn May 13, 2020 Ekemini Foreign reserves have risen to $34.65bn within eleven days, latest figures from the Central Bank of Nigeria have indicated. The report specifically showed that the foreign reserves rose by $1.22bn…
World UK Economy Posts Sharpest Monthly Decline On Record May 13, 2020 Ekemini U.K. GDP (gross domestic product) contracted by 5.8% month-on-month in March, according to preliminary figures released Wednesday, as lockdown measures began to hammer economic activity in the country. It represents…
World US Says It Won’t Use Ventilators Sent To It By Russia After Deadly Hospital Fires May 13, 2020 Ekemini The U.S. has said it will not use the Russian ventilators sent to it by Moscow while an investigation is carried out into their safety, following a deadly hospital fire…
World Gilead Strikes Deal To Make Remdesivir Coronavirus Treatment In 127 Countries May 13, 2020 Ekemini Gilead Sciences has struck a licensing agreement with five generic drugmakers to make antiviral drug remdesivir in 127 countries, not including the United States, the company announced Tuesday. Drugmakers Mylan,…
Local Nigeria’s Bonny Light Rise Above $25, As Saudi Arabia Further Cuts Supply May 13, 2020 Ekemini Nigeria’s flagship crude, Bonny light, rose by 1.20% to stand at $25.23 per barrel, according to the latest data released by oilprice.com. This happened as oil traders became more optimistic…
Business U.S. Airlines Tell Crews Not To Force Passengers to Wear Masks May 13, 2020 Ekemini The top three U.S. airlines have told their flight attendants not to force passengers to comply with their new policy requiring face coverings, just encourage them to do so, according…
World Fear Of Coronavirus Second Wave Stalks Stock Markets May 13, 2020 Ekemini Global stocks and oil prices fell on Wednesday as fears about a second wave of coronavirus infections gripped financial markets. Investors, many facing steep losses due to the pandemic-driven shakeout…
World England Tiptoes Out Of Full Lockdown As Economy Plunges May 13, 2020 Ekemini England tentatively began easing its coronavirus lockdown on Wednesday, with some people who cannot do their jobs at home urged to return to work, as stark economic data showed the…
Local U.S. Airlines Tell Crews Not To Force Passengers To Wear Masks May 12, 2020 Ekemini American Airlines Group Inc (AAL.O), Delta Air Lines Inc (DAL.N) and United Airlines Holdings Inc (UAL.O) have told employees that they may deny boarding at the gate to anyone not…
Business Twitter To Let Some Employees To Work From Home Permanently May 12, 2020 Ekemini Twitter Inc (TWTR.N) on Tuesday became the first major tech company to allow employees who can work remotely to do so indefinitely, as the coronavirus outbreak forces unprecedented changes in…
Local U.S. Reports Record $738 Billion Budget Deficit In April May 12, 2020 Ekemini The United States on Tuesday reported a record $738 billion budget deficit in April as an explosion in government spending and a shrinking of revenues amid the novel coronavirus pandemic…
World Coronavirus Crisis Leads To Largest U.S. Consumer Price Decline Since 2008 May 12, 2020 Ekemini U.S. consumer prices dropped by the most since the Great Recession in April, weighed down by a plunge in demand for gasoline and services including airline travel as Americans stayed…
Business Boeing Predicts An Airline Bankruptcy May 12, 2020 Ekemini Boeing CEO Dave Calhoun said in an NBC interview on Tuesday that a U.S. airline bankruptcy is likely in 2020. It is a curious comment coming from an executive whose…
Local Dollar Sells For N445 As Forex Scarcity Persists May 12, 2020 Ekemini The dollar exchanged for N445 in the parallel market on Monday due to scarcity and shrinking liquidity in the forex market. The extension of the ban placed on flights in…
