John Lewis Plans Phased Reopening Of Stores
John Lewis is planning a phased reopening of its stores, using lessons it has learned on social distancing from the…
Month: May 2020
New York Stock Exchange Trading Floor Reopens
The New York Stock Exchange (NYSE) has re-opened its trading floor after a two-month closure due to the coronavirus pandemic.…
McLaren To Lay Off 25% Of Its Workforce As Coronavirus Halts Demand
The McLaren Group, which owns the Formula 1 team and supercar maker, has announced plans to lay off 1,200 staff,…
Macy’s Announces $1 Billion Bond Offering To Repay Credit Facility
Macy’s Inc (M.N) said on Tuesday it planned to raise $1.1 billion in a bond offering, backed by a first…
Nigeria: Stock Market Gains N700bn Following Gains From Blue-Chip Stocks
Trading activities on the floor of the Nigerian Stock Exchange closed bullish last week following gains recorded by most blue-chip…
Germany Eyes Lifting Borders Curbs With 31 Countries Including The UK
Chancellor Angela Merkel’s government issued an unprecedented worldwide travel warning to Germans on 17 March – and now they’re seeking…
U.S. Stock Futures Rise 2% to 3,012 Points
U.S. stock futures rose 2% on Tuesday and breached a major chart barrier as investors brushed aside China-U.S. trade tension…
World Shares Reach 10-Week High, S&P 500 Eyeing 3000
World shares forged ahead on Tuesday and commodity markets drove higher as well, as investors disregarded Sino-U.S. tensions to focus…
OECD Countries Log Worst Quarterly Contraction In GDP Since The Financial Crisis
Gross domestic product (GDP) across OECD countries fell by 1.8% in the first quarter of 2020 as Covid-19 containment measures…
Nigeria: Economy Ends Q1 Strong Despite Pandemic — Expands By 1.87%
Nigeria’s gross domestic product (GDP) expanded by 1.87% in the first quarter of 2020, a new report by the National…
All Non—Essential Shops To Reopen From 15 June — Boris Johnson
All non-essential retailers will be able to reopen in England from 15 June, Boris Johnson has announced, as part of…
China And India Have Fueled Global Growth For Years. That Engine Has Stalled
Since the Great Recession following the 2008 financial crisis, China and India have powered much of the world’s economic growth.…
China Becomes Large Shareholder In Norwegian Air Shuttle
Aircraft leasing company BOC Aviation, controlled by the Chinese state, has become a major shareholder in Norwegian Air Shuttle as…
Nigeria: Lagos Reduces 2020 Budget By 21%
The Lagos State government has commenced a downward review of the year 2020 budget as a result of the negative…
Nigeria’s Economy Slows By -0.68% In First Quarter Of 2020 – NBS
Nigeria’s economy witnessed a slow-paced growth of -0.68% in the first quarter of 2020 as the country’s Gross Domestic Product…
Dominic Cummings Refuses To Resign Or Apologise For Lockdown Breach
The crisis that has engulfed the government over Dominic Cummings’ conduct continued to rage unabated after an unprecedented press conference…
Sir Richard Branson’s Virgin Orbit Rocket Fails On Debut Flight
Sir Richard Branson’s Virgin Orbit company has tried unsuccessfully to launch a rocket over the Pacific Ocean. The booster was…
Dow Jones Futures Jump On Memorial Day
Dow Jones futures rose solidly Monday afternoon, along with S&P 500 futures and Nasdaq futures, with U.S. markets closed for…
Nissan, Renault Set To Announce Massive Cuts
The alliance of Renault SA and Nissan Motor Co. is set to disclose billions of dollars in cost cuts this…
Coronavirus: Spain To Stop Quarantining Arrivals From 1 July
Foreign visitors to Spain will no longer have to undergo a two-week quarantine from 1 July, the government has announced.…
Europe Could Target Silicon Valley With Taxes To Help It Rebound From The Coronavirus-Fueled Recession
Tech giants could be forced to pay higher taxes in Europe as governments search for new revenue to deal with the…
Gucci Bids Farewell To Fashion Week As Brand Goes Seasonless
Fashion week is over, according to Gucci. In a virtual press conference broadcast from his Rome studio, the label’s creative…
Lufthansa And German Government Agree $9.8 Billion Rescue Package
The German government and Lufthansa, which has been hit hard by the coronavirus pandemic, have reached a preliminary deal on…
Easing Europe Confident Of Avoiding Coronavirus Lockdown Sequel
While most European countries failed to contain the coronavirus outbreak when it reached them in February and March, Belgium and…
Virgin Orbit’s First Test Launch Postponed
Richard Branson’s Virgin Orbit postponed its first space launch Sunday due to a technical problem. The company said one sensor…
German Economy Enters Recession As GDP Falls 2.2%
The German economy posted its largest decline in output since the financial crisis in the first quarter and entered a…
Volkswagen Loses Landmark German ‘Dieselgate’ Case
Germany’s highest civil court has ruled that Volkswagen must pay compensation to a motorist who had bought one of its…
Trump Suspends Travel From Brazil As Coronavirus Pandemic Worsens In South America
President Donald Trump is suspending travel from Brazil to the U.S. as the coronavirus pandemic worsens in Latin America’s largest…
New Zealand PM Jacinda Ardern Broadcast On Live TV Interrupted By Earthquake
New Zealand prime minister Jacinda Ardern was broadcast reacting live on television during a 5.8 magnitude earthquake in Wellington on…
Jaguar Land Rover Furloughs Half Of Workforce
About 20,000 Jaguar Land Rover (JLR) workers – half of its staff – have been furloughed because of the pandemic.…