Business Lyft Offers New Cheaper Rides With More Waiting Time May 5, 2020 Ekemini Lyft Inc (LYFT.O) said on Tuesday it would expand its program that provides cheaper rides to customers willing to wait longer for their pick-ups, at a time when curbs against…
Business Airbnb To Lay Off 1,900 Employees May 5, 2020 Ekemini Airbnb Inc is laying off 25% of its workforce due to the coronavirus pandemic, impacting nearly 1,900 employees of the home rental startup, two sources familiar with the matter told…
Local Nigeria Cocoa Exports Stalled Over Covid-19 Safety Protocols May 5, 2020 Ekemini Health protocols introduced by Nigerian authorities to curb the spread of the Covid-19 disease have delayed cocoa exports, leaving at least 30,000 tons stranded at the Lagos port and in…
World Why There’s A Looming Debt Crisis In Emerging Markets May 5, 2020 Ekemini Solvency concerns in the developing world are nothing new. But as governments stare down the humanitarian and economic shocks of the coronavirus pandemic, some emerging markets with weak financial positions…
Africa Digital Purchases To Be Taxed At 1.5% In Kenya May 5, 2020 Ekemini Kenya plans a 1.5% digital tax on the value of online transactions, according to proposals in the Finance Bill 2020, cashing in on a nascent industry taking off amid the…
Business Virgin Atlantic To Cut 3,150 Jobs; Move Flights To Heathrow From Gatwick May 5, 2020 Ekemini British airline Virgin Atlantic said on Tuesday it planned to cut 3,150 jobs and would move its flying programme from London Gatwick to Heathrow airport as it counts the cost…
Business Fiat Chrysler Plunges To Loss, But No Change To PSA Deal May 5, 2020 Ekemini Fiat Chrysler Automobiles (FCA) plunged to a first-quarter loss of $1.8 billion and scrapped its full-year earnings forecast on Tuesday, as the automaker grapples with a coronavirus crisis that has…
World Trump Allies On The Sidelines In Supreme Court Financial Records Fight May 5, 2020 Ekemini Congressional Republicans who strenuously objected when a Democratic-led U.S. House of Representatives panel subpoenaed President Donald Trump’s financial records last year have remained unusually quiet now that the fight has…
Business Lufthansa Has No Plans To Buy Rivals Hit By Coronavirus Crisis May 5, 2020 Ekemini Lufthansa (LHAG.DE) is not planning to buy rivals weakened by the coronavirus crisis, Chief Executive Carsten Spohr told shareholders at the company’s virtual annual general meeting on Tuesday. The carrier,…
World France Accuses Apple Of Refusing To Help With ‘StopCovid’ App May 5, 2020 Ekemini France accused Apple APPL.O on Tuesday of undermining its effort to fight the coronavirus by refusing to help make its iPhones more compatible with a planned “StopCovid” contact-tracing app. Countries…
Local Nigeria: Naira Gains, Exchanges 430/$ As Forex Sale Resumes May 5, 2020 Ekemini The naira sold for N430 to a dollar on Monday, gaining some strength over previous week’s sales figures, following the resumption of forex sales by the Central Bank of Nigeria…
World Oil Prices Rise As Countries Ease Lockdown May 5, 2020 Ekemini Oil extended gains in Asia Tuesday on signs of improving demand as coronavirus-hit major economies begin to ease strict curbs and as top producers slash output. US benchmark West Texas…
Africa Coronavirus: Why Are Some African States Easing Lockdowns? May 5, 2020 Ekemini African countries have fewer coronavirus cases than much of the world, but weaker healthcare systems do put the continent at risk. Lockdown measures can help prevent the virus spreading, yet…
World New Zealand PM: No Open Borders For ‘A Long Time’ May 5, 2020 Ekemini New Zealand Prime Minister Jacinda Ardern says the country will not have open borders with the rest of the world for “a long time to come”. Ms Ardern was speaking…
World European Markets Recover After Day Of Heavy Selling May 5, 2020 Ekemini European markets bounced back on Tuesday after a session of steep losses, spurred by a late rally for Wall Street overnight and a recovery for oil prices. The FTSE 100…
Banking Local FCMB Issues Official Statement On Collapse Of Customer At Onipanu Branch; Debunks COVID-19 Claims May 5, 2020 Ekemini Leading Nigerian financial institution, First City Monument bank (FCMB) has issued an official statement to address the video making rounds about a customer who collapsed at its Onipan branch in…
Features World Market Wrap May 5, 2020 Ekemini Risk assets had been hit amid earnings, geopolitical worries. Japan, China, South Korean markets are closed on Tuesday
Features World Covid-19 Global Virus update May 5, 2020 Ekemini U.S. President Donald Trump said some states “aren’t going fast enough” to reopen, even as he acknowledged that the nation’s death count would likely be higher than he had predicted.…
Features World Why There’s a Looming Debt Crisis In Emerging Markets May 5, 2020 Ekemini Solvency concerns in the developing world are nothing new. But as governments stare down the humanitarian and economic shocks of the coronavirus pandemic, some emerging markets with weak financial positions…
Features World The VIX Just Revealed An Optimistic Signal For U.S. Stocks May 4, 2020 Ekemini Market turbulence has calmed down since the mid-March extremes, but a couple of recent moves may bode particularly well for stocks.
World Dubai Aims To Open Up For Tourists At The Beginning Of July May 4, 2020 Ekemini Pandemic means tourism sector will focus more on hygiene. The government says it will not restrict hotel construction.
Business AIG Takes $272 Million In Covid-19 Losses And Withdraws Guidance May 4, 2020 Ekemini American International Group Inc. was hit by about $272 million in costs tied to the coronavirus as the insurance industry braces for what Chief Executive Officer Brian Duperreault said would…
Business Victoria’s Secret Owner Unveils Plan B After Sycamore Walks Away May 4, 2020 Ekemini L Brands Inc. agreed to cancel a deal that would have given private equity firm Sycamore Partners control of beleaguered lingerie chain Victoria’s Secret, which now faces an uncertain future…
Business Technology World Wall Street Snaps Two-Day Slump On Lift From Tech Titans May 4, 2020 Ekemini U.S. stocks ended higher on Monday as increases in large tech and internet companies and oil price gains outweighed concerns about the latest U.S.-China tensions and downbeat sentiment from the…
Local Massive U.S. Stock Bounce Stokes Doubts, Provokes Bears May 4, 2020 Ekemini Fund managers and corporations have deployed over $1.1 trillion into money markets while the S&P 500 mounted a nearly 30% bounce from its March lows. Assets in such funds grew…
World Germany To Reopen All Shops, Allow Soccer Matches May 4, 2020 Ekemini Germany’s state premiers will agree on measures to further ease coronavirus restrictions in a teleconference with Chancellor Angela Merkel scheduled for Wednesday, two people familiar with the preparations told Reuters…
World New York Governor Outlines Reopening Plan With Construction, Manufacturing First May 4, 2020 Ekemini New York Governor Andrew Cuomo on Monday outlined a phased reopening of business activity in the state hardest hit by the COVID-19 pandemic, starting with select industries like construction and…
World UK Says China Has Questions To Answer Over Coronavirus Outbreak May 4, 2020 Ekemini Britain said on Monday that China had questions to answer over the information it shared about the novel coronavirus outbreak, but refused to comment on reports that a U.S.-led intelligence…
Business Will Disney Open In June? May 4, 2020 Ekemini We may get a better estimate of when Walt Disney’s (NYSE:DIS) theme parks worldwide will potentially reopen when the media giant reports its fiscal second-quarter results on Tuesday afternoon. Speculation…
World Masked And Standing Apart, The World Creeps Out Of Lockdown May 4, 2020 Ekemini Italy, among the world’s hardest-hit countries, started to relax the longest lockdown in Europe, allowing about 4.5 million people to return to work after nearly two months at home. Construction…
