Breaking John Lewis Plans Phased Reopening Of Stores May 26, 2020 Ekemini John Lewis is planning a phased reopening of its stores, using lessons it has learned on social distancing from the partnership’s Waitrose shops. Changes will include having a customer service…
Investing New York Stock Exchange Trading Floor Reopens May 26, 2020 Ekemini The New York Stock Exchange (NYSE) has re-opened its trading floor after a two-month closure due to the coronavirus pandemic. But the exchange looks and feels very different as new…
Business McLaren To Lay Off 25% Of Its Workforce As Coronavirus Halts Demand May 26, 2020 Ekemini The McLaren Group, which owns the Formula 1 team and supercar maker, has announced plans to lay off 1,200 staff, or roughly 25% of its workforce. The proposed cuts at…
Business Macy’s Announces $1 Billion Bond Offering To Repay Credit Facility May 26, 2020 Ekemini Macy’s Inc (M.N) said on Tuesday it planned to raise $1.1 billion in a bond offering, backed by a first mortgage on some of its properties, to repay funds borrowed…
Local Nigeria: Stock Market Gains N700bn Following Gains From Blue-Chip Stocks May 26, 2020 Ekemini Trading activities on the floor of the Nigerian Stock Exchange closed bullish last week following gains recorded by most blue-chip stocks. The NSE All-Share Index and market capitalisation appreciated by…
World Germany Eyes Lifting Borders Curbs With 31 Countries Including The UK May 26, 2020 Ekemini Chancellor Angela Merkel’s government issued an unprecedented worldwide travel warning to Germans on 17 March – and now they’re seeking to lift it for 31 European countries next month. A…
Investing U.S. Stock Futures Rise 2% to 3,012 Points May 26, 2020 Ekemini U.S. stock futures rose 2% on Tuesday and breached a major chart barrier as investors brushed aside China-U.S. trade tension and braced for a re-opening of the world economy. S&P…
World World Shares Reach 10-Week High, S&P 500 Eyeing 3000 May 26, 2020 Ekemini World shares forged ahead on Tuesday and commodity markets drove higher as well, as investors disregarded Sino-U.S. tensions to focus on more stimulus in China and a re-opening world economy.…
World OECD Countries Log Worst Quarterly Contraction In GDP Since The Financial Crisis May 26, 2020 Ekemini Gross domestic product (GDP) across OECD countries fell by 1.8% in the first quarter of 2020 as Covid-19 containment measures weighed on the economy. According to provisional estimates, it marked…
Local Nigeria: Economy Ends Q1 Strong Despite Pandemic — Expands By 1.87% May 26, 2020 Ekemini Nigeria’s gross domestic product (GDP) expanded by 1.87% in the first quarter of 2020, a new report by the National Bureau of Statistics has shown. The bureau, in the report…
World All Non—Essential Shops To Reopen From 15 June — Boris Johnson May 25, 2020 Ekemini All non-essential retailers will be able to reopen in England from 15 June, Boris Johnson has announced, as part of plans to further ease the lockdown. However, the move is…
World China And India Have Fueled Global Growth For Years. That Engine Has Stalled May 25, 2020 Ekemini Since the Great Recession following the 2008 financial crisis, China and India have powered much of the world’s economic growth. Now, activity in both countries has plunged, raising the risk…
Business China Becomes Large Shareholder In Norwegian Air Shuttle May 25, 2020 Ekemini Aircraft leasing company BOC Aviation, controlled by the Chinese state, has become a major shareholder in Norwegian Air Shuttle as part of the ailing airline’s rescue plan, Norwegian said Wednesday.…
Local Nigeria: Lagos Reduces 2020 Budget By 21% May 25, 2020 Ekemini The Lagos State government has commenced a downward review of the year 2020 budget as a result of the negative economic and social effects of the coronavirus (COVID-19) pandemic. The…
Local Nigeria’s Economy Slows By -0.68% In First Quarter Of 2020 – NBS May 25, 2020 Ekemini Nigeria’s economy witnessed a slow-paced growth of -0.68% in the first quarter of 2020 as the country’s Gross Domestic Product (GDP) contracted by 1.87% when compared to the fourth quarter…
World Dominic Cummings Refuses To Resign Or Apologise For Lockdown Breach May 25, 2020 Ekemini The crisis that has engulfed the government over Dominic Cummings’ conduct continued to rage unabated after an unprecedented press conference in which the prime minister’s chief aide repeatedly refused to…
World Sir Richard Branson’s Virgin Orbit Rocket Fails On Debut Flight May 25, 2020 Ekemini Sir Richard Branson’s Virgin Orbit company has tried unsuccessfully to launch a rocket over the Pacific Ocean. The booster was released from under the wing of one of the UK…
Investing Dow Jones Futures Jump On Memorial Day May 25, 2020 Ekemini Dow Jones futures rose solidly Monday afternoon, along with S&P 500 futures and Nasdaq futures, with U.S. markets closed for Memorial Day. The coronavirus stock market rally powered ahead last…
Business Nissan, Renault Set To Announce Massive Cuts May 25, 2020 Ekemini The alliance of Renault SA and Nissan Motor Co. is set to disclose billions of dollars in cost cuts this week and Nissan is looking to slash capacity by an…
World Coronavirus: Spain To Stop Quarantining Arrivals From 1 July May 25, 2020 Ekemini Foreign visitors to Spain will no longer have to undergo a two-week quarantine from 1 July, the government has announced. It said the measure had been finalised in a cabinet…
Business Europe Could Target Silicon Valley With Taxes To Help It Rebound From The Coronavirus-Fueled Recession May 25, 2020 Ekemini Tech giants could be forced to pay higher taxes in Europe as governments search for new revenue to deal with the ongoing coronavirus crisis, three experts told CNBC. Taxing tech…
Business Gucci Bids Farewell To Fashion Week As Brand Goes Seasonless May 25, 2020 Ekemini Fashion week is over, according to Gucci. In a virtual press conference broadcast from his Rome studio, the label’s creative director, Alessandro Michele, announced that Gucci was slashing the number…
Business Lufthansa And German Government Agree $9.8 Billion Rescue Package May 25, 2020 Ekemini The German government and Lufthansa, which has been hit hard by the coronavirus pandemic, have reached a preliminary deal on a 9 billion euro ($9.8 billion) bailout. The airline has…
World Easing Europe Confident Of Avoiding Coronavirus Lockdown Sequel May 25, 2020 Ekemini While most European countries failed to contain the coronavirus outbreak when it reached them in February and March, Belgium and Poland are among those who say they are far better…
Business Virgin Orbit’s First Test Launch Postponed May 25, 2020 Ekemini Richard Branson’s Virgin Orbit postponed its first space launch Sunday due to a technical problem. The company said one sensor was “acting up” and fuel was being offloaded from the…
World German Economy Enters Recession As GDP Falls 2.2% May 25, 2020 Ekemini The German economy posted its largest decline in output since the financial crisis in the first quarter and entered a recession due to the coronavirus pandemic and the lockdown implemented…
World Volkswagen Loses Landmark German ‘Dieselgate’ Case May 25, 2020 Ekemini Germany’s highest civil court has ruled that Volkswagen must pay compensation to a motorist who had bought one of its diesel minivans fitted with emissions-cheating software. The ruling sets a…
World Trump Suspends Travel From Brazil As Coronavirus Pandemic Worsens In South America May 24, 2020 Ekemini President Donald Trump is suspending travel from Brazil to the U.S. as the coronavirus pandemic worsens in Latin America’s largest nation and economy. The president’s order, published Sunday, denies entry…
World New Zealand PM Jacinda Ardern Broadcast On Live TV Interrupted By Earthquake May 24, 2020 Ekemini New Zealand prime minister Jacinda Ardern was broadcast reacting live on television during a 5.8 magnitude earthquake in Wellington on Monday morning. The strong earthquake was centred 30km north west…
Local Jaguar Land Rover Furloughs Half Of Workforce May 24, 2020 Ekemini About 20,000 Jaguar Land Rover (JLR) workers – half of its staff – have been furloughed because of the pandemic. The car giant employs about 40,000 globally, with most based…
