Local Nigeria: Stock Market Loses N49bn On Profit-Taking May 12, 2020 Ekemini Equity transactions on the Nigerian Stock Exchange on Monday closed on the negative route to further extend losses as investors continue to take profits from last week’s gains. The market…
Breaking Local Nigeria: Reps Approve Buhari’s N850bn Loan May 12, 2020 Ekemini The House of Representatives has approved the request by the President, Major General Muhammadu Buhari (retd.), to borrow N850bn to fund the 2020 budget. The Senate had earlier okayed the…
Business Musk Defies County Orders, And Reopens Tesla’s California Plant May 12, 2020 Ekemini Tesla has reopened its only US electric car plant in California, despite local orders against manufacturing. On Monday, the company’s chief executive Elon Musk tweeted that production had restarted and…
Local Nigeria: Buhari Appoints Professor Agboola Ibrahim Gambari As New Chief Of Staff May 12, 2020 Ekemini President Muhammadu Buhari has appointed Professor Agboola Ibrahim Gambari as his new chief of staff following the death of Mallam Abba Kyari. Prof. Gambari, a Nigerian scholar, diplomat and an…
Business Why Amazon, Facebook, Disney Saw Their Chiefs Retake Control May 12, 2020 Ekemini Over the past few months, some of the world’s biggest companies’ CEOs have reasserted themselves in ways they haven’t in the past. Facebook’s Mark Zuckerberg has “jumped into action steering…
World UK Furlough Scheme Extended By Four Months May 12, 2020 Ekemini The UK scheme to pay wages of workers on leave because of coronavirus will be extended to October, Chancellor Rishi Sunak said. Mr Sunak confirmed that employees will continue to…
World Premier League Clubs May Have To Refund £340m To Broadcasters Even If Season Resumes May 12, 2020 Ekemini Premier League clubs have been told they could have to repay an estimated £340m to domestic and international broadcasters – even if the season resumes behind closed doors. Club officials…
World U.S. Congress To Quiz Bank Regulators On Coronavirus Rule-Easing, Assistance May 12, 2020 Ekemini Lawmakers will quiz U.S. regulators this week on their efforts to help struggling consumers, oversight of massive federal bailout packages and regulatory easing when they appear before Congress this week…
World Trump Orders Federal Retirement Money Invested In Chinese Equities To Be Pulled May 12, 2020 Ekemini President Trump is moving to cut investment ties between U.S. federal retirement funds and Chinese equities, FOX Business has learned in a move that is tied to the handling of…
World Once Taboo, Investors Begin To Imagine Negative U.S. Rates May 12, 2020 Ekemini Negative interest rates in the United States were once unimaginable. The coronavirus has changed that. While the Federal Reserve has all but ruled it out, the sweeping economic and financial-markets…
World Does Elon Musk Need California More Than California Needs Elon Musk? May 12, 2020 Ekemini Tesla Chief Executive Elon Musk did a big favor this weekend for anyone looking for a fresh source of entertainment to supplement whatever’s showing these days on Netflix or Amazon…
Local China Announces New Tariff Waivers For Some U.S. imports May 12, 2020 Ekemini China announced on Tuesday a new list of 79 U.S. products eligible for waivers from retaliatory tariffs imposed at the height of the bilateral trade war, amid continued pressure on…
Business Eventbrite revenue Plunges Amid Staggering Losses Because Of COVID-19 May 11, 2020 Ekemini Eventbrite Inc. EB, +2.43% shares were flat in after-hours trading Monday after the event-management services company reported fiscal first-quarter revenue and net income that missed Wall Street estimates. Eventbrite reported…
Investing Tips What Is The Bitcoin Halving And Which Day Does It Happen? May 11, 2020 Ekemini What is the halving or halvening? The event is known as the “halving” or “halvening,” and occurs every four years, where the rewards for those who support bitcoin are slashed,…
Business Burger King And Starbucks Branches To Reopen For Takeaways May 11, 2020 Ekemini Branches of Burger King and Starbucks will reopen this week as the UK’s cafes and restaurants begin to emerge from the coronavirus lockdown. The two brands are offering only takeaway…
Local Bentley And Toyota Workers Return To Work As Sector Eases Out Of Lockdown May 11, 2020 Ekemini Employees at two UK automotive plants are returning to work this week as the British economy tries to restart under the shadow of coronavirus restrictions. The government on Monday published…
Business Richard Branson To Sell $500m Worth Of Virgin Galactic Shares May 11, 2020 Ekemini Sir Richard Branson is to sell $500m (£405m) in Virgin Galactic shares in order to prop up his airline and leisure interests, which have been ravaged by the coronavirus crisis.…
World As U.S. Meat Workers Fall Sick And Supplies Dwindle, Exports To China Soar May 11, 2020 Ekemini U.S. President Donald Trump ordered meat processing plants to stay open to protect the nation’s food supply even as workers got sick and died. Yet the plants have increasingly been…
Business AT&T Boss Retires With $274,000 A Month For Life May 11, 2020 Ekemini Not everyone gets personally insulted by the president of the United States when they announce their retirement. But when you’re walking away with a pension plan big enough to buy…
World More Americans Return To Work; Concerns Grow Of A Second Virus Wave May 11, 2020 Ekemini Factory workers began returning to assembly lines in Michigan on Monday, paving the way for the reopening of the U.S. auto sector but stoking fears of a second wave of…
Investing S&P 500 Closes Barely Higher As Investors Balance Pandemic With Recovery May 11, 2020 Ekemini The S&P 500 closed barely higher, eking out a nominal gain on Monday as investors weighed new spikes in coronavirus infections with expectations that an economy crippled by mandated shutdowns…
World Trump Says Not In Favor Of Reopening China Trade Deal May 11, 2020 Ekemini President Donald Trump on Monday said he is not in favor of the United States reopening negotiations with China on Phase 1 of a trade deal, which the two countries…
Local Seven Nigerian Banks Post Combined N209.16bn Profits May 11, 2020 Ekemini The banks are Zenith Bank Plc, Guaranty Trust Bank Plc, Access Bank Plc, United Bank for Africa Plc, FBN Holdings Plc, Fidelity Bank Plc and Union Bank of Nigeria Plc.
World WHO Warns That Coronavirus Cases Have Jumped In Countries That Eased Lockdowns May 11, 2020 Ekemini Several countries that have lifted coronavirus restrictions and reopened businesses, including China, have seen jumps in coronavirus cases, underscoring the “challenges that may lie ahead,” the World Health Organization warned…
Business Disney To Increase Shanghai Park Attendance By 5,000 Per Week, According To CEO May 11, 2020 Ekemini Disney plans to increase capacity at its Shanghai park by 5,000 people each week until it reaches the limited capacity figure set by Chinese government, CEO Bob Chapek told CNBC…
World Chinese Investment In The U.S. Drops To Lowest Level Since Global Financial Crisis May 11, 2020 Ekemini Chinese investment in the United States dropped to $5 billion in 2019, a slight decrease from a year earlier and the lowest level since the global financial crisis a decade…
Business Paving Way For U.S. Auto Industry, Michigan Factories To End Coronavirus Lockdown May 11, 2020 Ekemini Factories in Michigan can resume production on Monday, enabling North American automakers to bring thousands of idled employees in the state back to work more than six weeks after locking…
Investing This Bond Market Signal Indicates The Bear Market Isn’t Over Yet May 11, 2020 Ekemini The price action of high-yield corporate bonds will signal to investors when the bear market triggered by the coronavirus pandemic is truly at its bottom, according to Longview Economics. A…
World Over 80% Of U.S. Small Businesses Expect Longer Impact Of Pandemic: Survey May 11, 2020 Ekemini Eighty-one percent of small U.S. companies surveyed by Veem, a global payments network, expect the new coronavirus pandemic to affect their business over the next 12-16 months, and nearly 90%…
Investing Stocks Stumble On Fears Of Second Wave Of Coronavirus cases May 11, 2020 Ekemini Stock markets gave up their early gains on Monday after reports of a pick-up in new coronavirus cases that threatens to slow or reverse the loosening of lockdown measures. Shares…
