Dollar Rises And Yen Falls Behind As More Countries Ease Lockdowns
The dollar rose on Monday as investors worried that economic recovery might be slower than hoped and sought the safety…
Month: May 2020
Here’s Why Oil Isn’t Likely To Go Negative Again This Month
Investors were shocked on April 20 when oil futures set for May delivery fell below zero for the first time ever .…
Netflix Stock Slumps Toward Quarterly Pivot On Earnings Miss
Netflix, Inc. (NFLX) missed quarterly earnings estimates after the closing bell on April 21. The stock declined toward its quarterly…
Johnson & Johnson Aims To Produce 1 Billion Coronavirus Vaccines For Next Year
Healthcare giant Johnson & Johnson is looking to produce a billion coronavirus vaccines for next year, according to Dr. Paul…
Coronavirus: How African Firms Are Being Impacted By The Lockdown
Although the transmission rate for coronavirus in Africa has so far been much slower than in Europe, the economic effects…
UK Prime Minister Announces “Careful Steps” To Ease Stay-At-Home Order
United Kingdom Prime Minister Boris Johnson has unveiled the “careful steps” the government will take to ease the emergency restrictions…
Coronavirus: What Shape Will The Recession Be?
Even though countries are now moving towards easing lockdown restrictions, the coronavirus pandemic has already hit the global economy hard.…
Emirates Airline Reports 21% Increase In Full-Year Profit
DUBAI, United Arab Emirates — Dubai state carrier Emirates Airline reported a 21% increase in its full-year profit in the 12…
Travel Changed After 9/11; Here’s How It Will Look After The Covid-19 Pandemic Finally Recedes
The coronavirus has devastated economies around the world and disrupted life in ways that were unimaginable just a few months…
Italy To Give Further Support To Companies Including Tax Incentives, Hybrid Bonds: Minister
Italy’s government is readying new measures to support companies struggling due to the coronavirus crisis, including tax incentives and hybrid…
UK To ‘Slowly And Cautiously’ Ease Lockdown To Restart economy: Minister
The British government wants to slowly and cautiously restart the economy, housing minister Robert Jenrick said on Sunday ahead of…
China Central Bank Signals More Policy Measures To Support Virus-Ravaged Economy
China’s central bank said on Sunday it will step up counter-cyclical adjustments to support the economy and make monetary policy…
U.S. To Begin Purchasing $3 billion Worth Of Farm Goods
President Donald Trump on Saturday said the United States will next week begin purchasing $3 billion worth of dairy, meat…
Major U.S Airlines Endorse Temperature Checks For Passengers
A major U.S. airline trade group on Saturday said it backed the U.S. Transportation Security Administration (TSA) checking the temperatures…
Brazil’s Central Bank To Shower Economy With Money In Case Of Depression: Economy Minister
Brazil’s Economy Minister Paulo Guedes on Saturday said the country’s central bank is likely to shower the economy with money…
More Than Ever, The World Looks To Central Bankers For Deliverance
The economic and financial carnage wrought by the pandemic could leave deep scars on the world economy. Central banks have…
Coronavirus: Most Jobs Will Not Return
The pandemic and subsequent recovery will accelerate the ongoing digitalization and automation of work—trends that have eroded middle-skill jobs while…
The Normal Economy Is Never Coming Back
As the lockdowns began, the first impulse was to search for historical analogies—1914, 1929, 1941? Since then, what has come…
Sweden’s Chief Scientist Admits The Country Could Have Done Some Things Differently After No-Lockdown Policy
Sweden’s decision to avoid a strict lockdown like its European neighbors drew global attention and was not without controversy. But…
TikTok Has Quietly Made London Its Main Hub In Europe
TikTok, the wildly popular social media app that has become a go-to app for young people, has quietly made London its…
Why The Stock Market Is Up Even With Historic Job Losses
A record number of Americans just lost their job, and yet stocks are moving higher. This seems paradoxical given the…
Musk Says Tesla Is Prepared To Move Out of California Amid Fight Over Factory Shutdown
CEO Elon Musk said on Twitter Saturday that the company is preparing to file a lawsuit against Alameda County, and…
Nigeria: Non-Oil Goods Account For Nigeria’s 22% Exports – NPA
Nigerian ports handled 191 million metric tonnes of export cargo in 2019. Out of these, crude oil accounted for 78…
US Slashes Imports Of Nigerian Oil By 60%
The United States cut its imports of Nigerian crude oil by 60.37 per cent to 1.93 million barrels in January…
New Study Claims Vitamin D Deficiency May Impact Coronavirus Mortality Rates
Researchers have discovered a strong correlation between vitamin D deficiency and mortality rates from the novel coronavirus, a new study…
The ‘Silver Lining’ In The Dismal U.S. Jobs Report
Despite shedding a whopping 20.5 million payrolls and unemployment soaring to 14.7% in April, the U.S. labor market saw one worker…
Tesla Secures $565 Million Loan For Shanghai Factory
Electric carmaker Tesla Inc has entered into an agreement for a working capital loan of up to 4 billion yuan…
Google Announces Company Holiday On May 22 To Stem Work-From-Home Burnout
Alphabet Inc’s Google said on Friday it has asked employees to take a day off on May 22, to address…
California County Says Tesla Not Cleared To Reopen Vehicle Factory After Musk Asked Workers To Resume
Tesla Inc “must not reopen” its vehicle factory in the San Francisco Bay area as local lockdown measures to curb…
Kenya And Uganda Hit By Power Blackout
Kenya and Uganda were hit by a power blackout on Saturday, and Kenya Power said the outage on Kenya’s grid…