Local Dollar Rises And Yen Falls Behind As More Countries Ease Lockdowns May 11, 2020 Ekemini The dollar rose on Monday as investors worried that economic recovery might be slower than hoped and sought the safety of the U.S. currency even though more countries eased coronavirus…
World Here’s Why Oil Isn’t Likely To Go Negative Again This Month May 10, 2020 Ekemini Investors were shocked on April 20 when oil futures set for May delivery fell below zero for the first time ever . Although the negative oil prices lasted less than…
Investing Netflix Stock Slumps Toward Quarterly Pivot On Earnings Miss May 10, 2020 Ekemini Netflix, Inc. (NFLX) missed quarterly earnings estimates after the closing bell on April 21. The stock declined toward its quarterly pivot at $393.38 and then popped higher again. The stock…
Business Johnson & Johnson Aims To Produce 1 Billion Coronavirus Vaccines For Next Year May 10, 2020 Ekemini Healthcare giant Johnson & Johnson is looking to produce a billion coronavirus vaccines for next year, according to Dr. Paul Stoffels, the company’s chief scientific officer. “We start clinical trials…
Africa Coronavirus: How African Firms Are Being Impacted By The Lockdown May 10, 2020 Ekemini Although the transmission rate for coronavirus in Africa has so far been much slower than in Europe, the economic effects are still being felt. Measures put in place to limit…
World UK Prime Minister Announces “Careful Steps” To Ease Stay-At-Home Order May 10, 2020 Ekemini United Kingdom Prime Minister Boris Johnson has unveiled the “careful steps” the government will take to ease the emergency restrictions implemented as part of the nationwide lockdown, relaxing the government’s…
Local Coronavirus: What Shape Will The Recession Be? May 10, 2020 Ekemini Even though countries are now moving towards easing lockdown restrictions, the coronavirus pandemic has already hit the global economy hard. Millions of people are out of work, financial markets have…
Business Emirates Airline Reports 21% Increase In Full-Year Profit May 10, 2020 Ekemini DUBAI, United Arab Emirates — Dubai state carrier Emirates Airline reported a 21% increase in its full-year profit in the 12 months to March 31, it reported Sunday. The airline,…
Local Travel Changed After 9/11; Here’s How It Will Look After The Covid-19 Pandemic Finally Recedes May 10, 2020 Ekemini The coronavirus has devastated economies around the world and disrupted life in ways that were unimaginable just a few months ago. The world will never be the same. But at…
World Italy To Give Further Support To Companies Including Tax Incentives, Hybrid Bonds: Minister May 10, 2020 Ekemini Italy’s government is readying new measures to support companies struggling due to the coronavirus crisis, including tax incentives and hybrid bonds, and aims to access the European Recovery Fund in…
World UK To ‘Slowly And Cautiously’ Ease Lockdown To Restart economy: Minister May 10, 2020 Ekemini The British government wants to slowly and cautiously restart the economy, housing minister Robert Jenrick said on Sunday ahead of a televised address from the prime minister to set out…
World China Central Bank Signals More Policy Measures To Support Virus-Ravaged Economy May 10, 2020 Ekemini China’s central bank said on Sunday it will step up counter-cyclical adjustments to support the economy and make monetary policy more flexible to fend off financial risks. The first-quarter monetary…
World U.S. To Begin Purchasing $3 billion Worth Of Farm Goods May 9, 2020 Ekemini President Donald Trump on Saturday said the United States will next week begin purchasing $3 billion worth of dairy, meat and produce from farmers as unemployment soars and people are…
World Major U.S Airlines Endorse Temperature Checks For Passengers May 9, 2020 Ekemini A major U.S. airline trade group on Saturday said it backed the U.S. Transportation Security Administration (TSA) checking the temperatures of passengers and customer-facing employees during the coronavirus pandemic. Airlines…
Local Brazil’s Central Bank To Shower Economy With Money In Case Of Depression: Economy Minister May 9, 2020 Ekemini Brazil’s Economy Minister Paulo Guedes on Saturday said the country’s central bank is likely to shower the economy with money in case of a depression due to the coronavirus pandemic.…
World More Than Ever, The World Looks To Central Bankers For Deliverance May 9, 2020 Ekemini The economic and financial carnage wrought by the pandemic could leave deep scars on the world economy. Central banks have stepped up to the challenge by tearing up their own…
World Coronavirus: Most Jobs Will Not Return May 9, 2020 Ekemini The pandemic and subsequent recovery will accelerate the ongoing digitalization and automation of work—trends that have eroded middle-skill jobs while increasing high-skill jobs during the last two decades and contributed…
World The Normal Economy Is Never Coming Back May 9, 2020 Ekemini As the lockdowns began, the first impulse was to search for historical analogies—1914, 1929, 1941? Since then, what has come ever more to the fore is the historical novelty of…
World Sweden’s Chief Scientist Admits The Country Could Have Done Some Things Differently After No-Lockdown Policy May 9, 2020 Ekemini Sweden’s decision to avoid a strict lockdown like its European neighbors drew global attention and was not without controversy. But now the country is past the peak of infections, its…
Local TikTok Has Quietly Made London Its Main Hub In Europe May 9, 2020 Ekemini TikTok, the wildly popular social media app that has become a go-to app for young people, has quietly made London its main hub in Europe, according to analysis of LinkedIn,…
World Why The Stock Market Is Up Even With Historic Job Losses May 9, 2020 Ekemini A record number of Americans just lost their job, and yet stocks are moving higher. This seems paradoxical given the economic toll — to say nothing of the emotional toll…
Business Musk Says Tesla Is Prepared To Move Out of California Amid Fight Over Factory Shutdown May 9, 2020 Ekemini CEO Elon Musk said on Twitter Saturday that the company is preparing to file a lawsuit against Alameda County, and will move its headquarters and future operations out of California.…
Local Nigeria: Non-Oil Goods Account For Nigeria’s 22% Exports – NPA May 9, 2020 Ekemini Nigerian ports handled 191 million metric tonnes of export cargo in 2019. Out of these, crude oil accounted for 78 per cent while non-oil cargo accounted for only 22 per…
Local US Slashes Imports Of Nigerian Oil By 60% May 9, 2020 Ekemini The United States cut its imports of Nigerian crude oil by 60.37 per cent to 1.93 million barrels in January this year, compared to the 4.87 million barrels bought in…
Local New Study Claims Vitamin D Deficiency May Impact Coronavirus Mortality Rates May 9, 2020 Ekemini Researchers have discovered a strong correlation between vitamin D deficiency and mortality rates from the novel coronavirus, a new study reveals. A research team led by Northwestern University analyzed data…
World The ‘Silver Lining’ In The Dismal U.S. Jobs Report May 9, 2020 Ekemini Despite shedding a whopping 20.5 million payrolls and unemployment soaring to 14.7% in April, the U.S. labor market saw one worker category spike that gives hope for a quick economic…
Business Tesla Secures $565 Million Loan For Shanghai Factory May 9, 2020 Ekemini Electric carmaker Tesla Inc has entered into an agreement for a working capital loan of up to 4 billion yuan ($565.51 million) with a lender from China for its Shanghai…
Business Google Announces Company Holiday On May 22 To Stem Work-From-Home Burnout May 9, 2020 Ekemini Alphabet Inc’s Google said on Friday it has asked employees to take a day off on May 22, to address work-from-home-related burnout during the coronavirus pandemic. Chief Executive Officer Sundar…
Business California County Says Tesla Not Cleared To Reopen Vehicle Factory After Musk Asked Workers To Resume May 9, 2020 Ekemini Tesla Inc “must not reopen” its vehicle factory in the San Francisco Bay area as local lockdown measures to curb the spread of the coronavirus remain in effect, the local…
Africa Kenya And Uganda Hit By Power Blackout May 9, 2020 Ekemini Kenya and Uganda were hit by a power blackout on Saturday, and Kenya Power said the outage on Kenya’s grid was caused by a fault on a high voltage line.…
