Business Pfizer To Outsource Some Drug Production, Focus On Coronavirus Vaccine May 9, 2020 Ekemini Pfizer Inc (PFE.N) said on Friday it is in talks to shift more of its medicine production to outside contractors as it prepares for large-scale production of an experimental vaccine…
World Coronavirus Inflicts Huge U.S. Job Losses As Pandemic Breaches White House Walls May 9, 2020 Ekemini The U.S. government reported more catastrophic economic fallout from the coronavirus crisis on Friday as the pandemic pierced the very walls of the White House and California gave the green…
World Coronavirus: US To Borrow Record $3tn As Spending Soars May 8, 2020 Ekemini The US has said it wants to borrow a record $3tn (£2.4tn) in the second quarter, as coronavirus-related rescue packages blow up the budget. The sum is more than five…
World Coronavirus Sends U.S Unemployment Rate To 14.7% May 8, 2020 Ekemini The US unemployment rate has risen to 14.7%, with 20.5 million jobs lost in April, as the coronavirus pandemic devastated the economy. The rise means the jobless rate is now…
World 80 Million Chinese May Already Be Out Of Work May 8, 2020 Ekemini Wang is used to job hunting in China. The 26-year old tech worker spent the last year jumping from one startup to another in what already felt like a precarious…
Business Uber Says ‘No Sacred Cows’ Amid Coronavirus Crisis May 8, 2020 Ekemini Uber has warned it may scale back parts of the business as it tries to navigate through the coronavirus crisis. “There are no sacred cows,” said the taxi-hailing app’s chief…
Local Nigeria: Petrol Price Reduction Won’t Be Immediate, Says Marketers May 8, 2020 Ekemini The latest reduction in the ex-depot price of petrol to N108 per litre will not translate to an immediate drop in the pump price of the commodity at filling stations,…
World What Will Staying In A Hotel Look Like In The Near Future? May 8, 2020 Ekemini Goodbye, breakfast buffets and bellhop service. Hello, temperature screening and keyless check-in. While pandemic-era policies are still being developed at hotels around the globe and will no doubt vary widely,…
World U.S., China Trade Officials Press Ahead With ‘Phase 1’ Deal As Trump Mulls Termination May 8, 2020 Ekemini U.S. President Donald Trump, critical of China’s early handling of the coronavirus outbreak in the city of Wuhan in late 2019, told Fox News Channel on Friday that he was…
Business Walmart And Other U.S Superstores Are Still Hiring As Other Industries Purge Workers May 8, 2020 Ekemini Amid the carnage of the U.S. employment report for April was one bright spot: superstores led by Walmart Inc (WMT.N), the world’s largest retailer, added more than 90,000 jobs. Overall,…
Business J.C. Penney To File For Bankruptcy As Soon As Next Week May 8, 2020 Ekemini J.C. Penney Co Inc (JCP.N) is preparing to file for bankruptcy protection as soon as next week with plans to permanently close about a quarter of its roughly 850 stores,…
Business Tesla Aims To Restart Fremont Plant On Friday May 8, 2020 Ekemini Tesla Inc is aiming to restart production in its U.S. car plant in Fremont, California on Friday afternoon, according to an email sent by Chief Executive Officer Elon Musk to…
World Canada Loses Record 2 Million Jobs; Temporary Layoffs Hide Extent Of Damage May 8, 2020 Ekemini Canada lost a record-breaking 2.0 million jobs in April while the unemployment rate surged to a near-record high 13.0%, according to official data released on Friday that did not reflect…
Local Markets Start Pricing In Negative U.S. Interest Rates For First Time May 8, 2020 Ekemini Financial markets began pricing in a negative U.S. interest rate environment for the first time on Thursday, a place the Federal Reserve is determined not to go, as investors grappled…
Business Africa’s Wealthiest City Says 1 Million People Need Food Aid May 8, 2020 Ekemini Almost one million people in Johannesburg, South Africa’s commercial hub, are in need of food aid due to movement restrictions imposed to curb the coronavirus pandemic, according to its mayor.…
World US Unemployment Claims Hit 33.3 million Amid Virus May 7, 2020 Ekemini A further 3.2 million Americans sought unemployment benefits last week as the economic toll from the coronavirus pandemic continued to mount. The new applications brought the total number of jobless…
Africa South African MPs’ Zoom Meeting Hacked With Porn May 7, 2020 Ekemini A virtual meeting held by a South African parliamentary committee has been hacked and the speaker abused. The programming committee’s session had just started on Thursday morning when pornographic images…
Business Wave of U.S. Bankruptcies Builds Toward Worst Run in Many Years May 7, 2020 Ekemini First, J. Crew. Now Neiman Marcus. Flashing red: J.C. Penney, Hertz and many more. Get ready for what could be the most jarring stretch of corporate bankruptcies in memory. The…
World NY Gov. Cuomo Says He Won’t Sacrifice Human Lives to Reopen The Economy May 7, 2020 Ekemini New York Gov. Andrew Cuomo said Thursday that he’s not willing to trade people’s lives to reopen the state’s economy, saying it’s “absurd” to argue over how many deaths are…
World Oil Slips With Glut Concerns Reversing Saudi Price Hike Boost May 7, 2020 Ekemini Oil fell in a day of wild price swings as investors weighed supply-and-demand fundamentals against Saudi Arabia’s global price hike. Futures in New York dropped 1.8% Thursday. State-run Saudi Aramco…
Business Facebook Will Allow Most Employees To Work From Home Through End Of 2020 May 7, 2020 Ekemini Facebook CEO Mark Zuckerberg will announce Thursday that most of its employees will be allowed to continue to work from home through the end of 2020, a company spokeswoman told…
Investing Wall Street Gets PayPal Lift As Nasdaq Wipes Out 2020 Declines May 7, 2020 Ekemini Wall Street’s indexes climbed on Thursday, with the Nasdaq erasing losses for 2020, following a clutch of upbeat earnings reports led by PayPal as investors looked past more weak jobs…
Business Uber Posts $2.9 billion Loss, But Sees Encouraging Signs In Reopening Markets May 7, 2020 Ekemini Uber Technologies Inc (UBER.N) said on Thursday it saw encouraging signs in markets hit by the coronavirus epidemic as it posted a 14% rise in revenue growth, supported by its…
Business Dropbox Quarterly Revenue Beats Estimates May 7, 2020 Ekemini Dropbox Inc’s (DBX.O) quarterly revenue beat Wall Street estimates on Thursday, as the file-hosting company signed up more paying customers on its platform with people shifting to remote work due…
Local Why Disney+ Is Now A Blessing And A Burden For Disney May 7, 2020 Ekemini The coronavirus pandemic hobbled Disney’s media empire — except for one, major success story: Disney+. The company’s new streaming service, which launched in November for $6.99 a month, couldn’t have…
World The US Is Becoming The King Of Debt. It’s A Necessary Risk May 7, 2020 Ekemini President Donald Trump is living up to his self-given nickname “King of Debt.” On his watch, the United States has borrowed aggressively — during the good times, and now the…
Business Nintendo Profits Soar 41%, Mainly From ‘Animal Crossing’ May 7, 2020 Ekemini The success of the Nintendo Switch during the coronavirus pandemic propelled the Japanese video company to a banner year. Nintendo (NTDOF) said on Thursday that it made 352 billion yen…
Local Nigeria: Despite Lockdown, Stock Market Investors Gain N897bn May 7, 2020 Ekemini Notwithstanding the lockdown the Nigerian economy witnessed in April over the ravaging CODIV-19 pandemic, the stock market, boosted by the remote trading via fintech, recorded a gain of N897bn during…
World Aviation Industry – The Shape Of Things To Come May 7, 2020 Ekemini Things have fallen apart in global aviation since COVID-19 pandemic enveloped the sector. Airlines, airport authorities, ground handling companies, passenger and ramp handling service providers, Immigration and Customs officials and…
Business Virgin Media And O2 Agree On $39 Billion Merger To Create A New UK Telecom Giant May 7, 2020 Ekemini Liberty Global and Telefonica have agreed to combine their U.K. operations in a deal that will create a new giant in the country’s telecommunications industry. Liberty Global’s cable operator Virgin…
