Apple, Google Ban Use Of location Tracking In Contact Tracing Apps
Apple Inc and Alphabet Inc’s Google on Monday said they would ban the use of location tracking in apps that…
Month: May 2020
Madagascar To Start Trials For Coronavirus Herbal Treatment
Madagascar’s president has said that the country will begin clinical trials for an artemisia-based herbal remedy, which he says can…
Nigerians Cautious As Restrictions Eased In Lagos And Abuja
In Nigeria, some businesses have reopened on the first working day after the easing of a lockdown imposed on key…
Coronavirus: Firms Rush To Secure New Lockdown Survival Loans
Businesses have raced to secure loans under a new scheme to help smaller firms through the lockdown crisis. The Bounce…
O2 And Virgin Media In Talks To Merge
Mobile operator O2 may be set to merge with broadband giant Virgin Media to create one of the country’s largest…
Japan Extends State Of Emergency Until May 31
Japan’s Prime Minister Shinzo Abe on Monday extended a state of emergency over the coronavirus until the end of May,…
Dunkin’, Starbucks, Chipotle And Other Restaurant Chains Have Seen Business Shift To Different Times Of Day Due To Coronavirus
Dunkin’ Brands Group Inc.’s quarterly results suffered as customers brewed their own morning coffee at home while locked down due…
‘Fortunes Are Going To Be Made’ — Suze Orman Shares Her Advice On Investing Amid The Coronavirus Pandemic
Celebrity financial adviser Suze Orman isn’t for everybody. She once told MarketWatch that “there are people that hate my guts. You don’t…
J. Crew Files For Bankruptcy As Preppy Retailer Succumbs To COVID-19 Fallout
J. Crew Group Inc filed for bankruptcy protection on Monday with a plan to hand over control to lenders, adding…
It’s Okay To Laugh Again: Advertisers Prepare For Post-Coronavirus Economy
Sad piano chords, somber shots of empty streets and close-ups of people staring out their windows. So prevalent were coronavirus-themed…
Nigeria: FG Retains N125/litre Petrol Price Despite Crude Oil Crash
The Federal Government has failed to review the N123.5 to N125/litre pump price of petrol for the month of May…
Nigeria: Lagos State Govt Issues Fresh Guidelines On Reopening Markets, Shopping Malls
The Lagos State Government has said markets, where non-food items are sold, will be allowed to open on Mondays, Wednesdays…
Nigeria: CBN Makes It Mandatory For Commercial Banks To Get Approval Before Laying Off Workers
The Central Bank of Nigeria (CBN) has made it mandatory for Commercial banks in the Country to get approval before…
Wharton: Reopening Will Cause More Deaths
New data from the University of Pennsylvania suggests that relaxing lockdowns across U.S. cities and states could have serious consequences…
Tesla Applies To Become UK Electricity Provider
U.S. electric carmaker Tesla Inc has applied for a licence to supply electricity in the United Kingdom, The Telegraph reported…
Berkshire Sells Entire Stakes In U.S. Airlines
Berkshire Hathaway Inc (BRKa.N) sold its entire stakes in the four largest U.S. airlines in April, Chairman Warren Buffett said…
Warren Buffett Says The Coronavirus Cannot Stop America, Or Berkshire Hathaway
Billionaire investor Warren Buffett on Saturday said the United States’ capacity to withstand crises provides a silver lining as it…
Closure Of New York Subways Overnight Service May Bring About Bigger Changes
New York City’s subway, the ear-splitting, nerve-jangling system that New Yorkers and tourists alike love to hate, is taking the…
Buffett’s Berkshire Posts Nearly $50 Billion Loss As Coronavirus Causes Pain
Warren Buffett’s Berkshire Hathaway Inc is being hit hard by the coronavirus pandemic, posting a record quarterly net loss of…
The ‘Tsunami’ Of Airline Job Losses Has Begun In Europe. US Carriers Could Be Next
International airlines are starting the painful process of scaling back their businesses as the prospect of a quick recovery from the coronavirus pandemic fades…
Half World’s Worker May See Livelihood Destroyed
Half of the world’s workers are in danger of having their livelihoods destroyed by the coronavirus pandemic, a United Nations…
Warren Buffett Is Handling The Coronavirus Crisis Like He Mastered The Great Recession
As the coronavirus crisis unfolds, many are asking: Where is Warren Buffett? They want to hear and see more from…
Netflix May Have Edge On Competition As Coronavirus Keeps People Looking For New Shows
While most prominent tech companies are fretting about the effects of the COVID-19 pandemic, Netflix Inc. may become even more…
Nigeria: Fuel Subsidy Will Not Return, FG Assures IMF
The Federal Government has pledged that it will ensure that fuel subsidy, which was recently removed, does not re-emerge. The…
IMF Approves $91 Million Loan To Malawi For COVID-19 Trade Balance Woes
The International Monetary Fund (IMF) has approved a $91 million loan for Malawi to help fund a balance of payments…
Malls And Retail Stores Are Reopening. But Shoppers May Not Come Back
Some malls and retailers are reopening their doors in states easing coronavirus stay-at-home measures. Now comes the hard part: persuading…
Shell Cuts Dividend For First Time Since WWII
Royal Dutch Shell on Thursday cut its dividend for the first time since the 1940s after a first-quarter loss –…
BREAKING: Nigeria Records 238 New COVID-19 Cases, Total Now 2,170
Nigeria has recorded 238 new coronavirus cases, bringing the total number of infections in the country to 2,170. The Nigeria…
US FDA Authorizes Emergency Use Of Remdesivir As COVID-19 drug
During a meeting in the Oval Office of the White House with President Donald Trump, Gilead Chief Executive Daniel O’Day…
Rolls-Royce Considering Cutting Up To 15% Of Its Workforce
British aero-engine maker Rolls-Royce Holdings Plc (RR.L) is considering cutting up to 15% of its workforce, a source close to…