Organizers Cancel 2020 New York Auto Show
Organizers said Friday they were canceling the 2020 New York auto show that had previously been pushed back until August,…
Month: May 2020
Osaka Becomes World’s Highest-Earning Female Athlete
Japan’s Naomi Osaka has surpassed Serena Williams as the world’s highest-paid female athlete, raking in $37.4 million in prize money…
South America Is A ‘New Epicenter’ Of The Coronavirus Pandemic, WHO Says
The epicenter of the global Covid-19 pandemic has shifted to South America as cases in Rio de Janeiro and Sao…
Hong Kong Tensions Shocks World Stock Markets, Oil Tumbles
Oil prices tumbled and global equity markets wavered on Friday as China’s move to impose a new security law on…
Unemployment Rose In All 50 U.S. States In April
Unemployment rates rose and total employment fell in all 50 U.S. states and the District of Columbia in April as…
Plane Crashes In Pakistan With 99 On Board, Many Feared Dead
A Pakistan International Airlines (PIA) plane with 99 passengers and crew crashed into a residential area of the city of…
Nigeria May Go Into Recession – Zainab Ahmed
Zainab Ahmed, Nigeria’s Finance Minister, has said that the country may go into recession due to the slowing down of…
The Dow Closes Down 102 Points Due Partly To Rising Unemployment In The US
U.S. stocks finished lower Thursday, with investors pointing to elevated tensions between Washington and Beijing and a stream of poor…
Zuckerberg Defends Facebook’s Actions On Coronavirus Misinformation
Facebook founder Mark Zuckerberg has told the BBC that it had and would remove any content likely to result in…
Amazon Trials Online Food Delivery In India
Internet giant Amazon is entering the meal delivery business with a trial in four parts of India’s Bengaluru. The move…
Coronavirus: EasyJet Passengers Will Be Required To Wear Masks
EasyJet has said it will resume some flights on 15 June, with all passengers and cabin crew told to wear…
Why Time Seems To Be Going Faster While We Are In Lockdown
As parts of the world begin to ease their lockdowns, some people are looking back and finding the time in…
UK Contributes £20m To Africa’s Anti-COVID-19 Fund
United Kingdom on Thursday said it would be investing up to 20 million Pounds in the African Union’s new ‘Africa…
Oil at highest Since March Due To Lower U.S. Inventories, Recovering Demand
Global benchmark Brent rose on Thursday to its highest since March, supported by lower U.S. crude inventories, OPEC-led supply cuts…
Another 2.438 Million Americans File For Unemployment Benefits
First-time filings for unemployment insurance totaled 2.44 million last week as the tail effects of the coronavirus shutdown continued to…
Netflix Will Start Automatically Canceling Inactive Accounts
Netflix has started to terminate accounts that people haven’t used the service for a year or more. The company announced that…
Music Industry To Nearly Double In Value By The End Of The Decade, Goldman Sachs Says
Goldman Sachs expects global music revenues to tumble by up to 25% in 2020, largely due to widespread disruption across all…
How Nigerian Fintech Firm Flutterwave Adapted To Help Small African Businesses During Lockdown
US-Nigerian fintech company Flutterwave has created an e-commerce platform for African companies, becoming the latest start-up to see opportunities in…
Coronavirus: 70% Of Dubai Companies Expects To Go Out Of Business Within Six Months, Survey Finds
DUBAI, United Arab Emirates — A staggering 70% of businesses in Dubai expect to close their doors within the next six…
Macy’s Said It Could Lose Up To $1bn Due To Lockdowns
Macy’s Inc (M.N) said on Thursday it could rack up operating losses of up to $1.11 billion in the first…
Nigeria: Lagos Doctors Call Off Sit-At-Home Strike
Lagos Branch of the Nigerian Medical Association Thursday called off its sit-at-home order over the harassment of health workers by…
Lufthansa Closes In On $10 Billion State Rescue Deal
Lufthansa said on Thursday a deal would involve the government taking two seats on its supervisory board, but it would…
Shares Lose Footing, Oil Marches On
Equity markets slipped on Thursday on concerns about the long-term impact of the new coronavirus and simmering U.S.-China tensions, though…
Nigeria: FAAN Slashes Workers’ Salaries
The Federal Airports Authority of Nigeria on Tuesday said it might not be able to pay full staff salaries as…
Coca-Cola CEO Says Economic Impact Of Coronavirus Lockdowns Is ‘Just Starting To Begin’
Coca-Cola CEO James Quincey delivered a grim forecast for the global economy’s recovery from the impact of the coronavirus pandemic on Wednesday. “The…
UAE Introduces New Coronavirus Penalties For Violators
The United Arab Emirates revised penalties for those who violate rules and will implement expanded Covid-19 measures from Wednesday, officials announced on…
The UK Just Sold Its First Ever Negative-Yielding Government Bond
he U.K. borrowed at a negative interest rate for the first time on Wednesday, amid growing fears of a deep…
Nigeria: No Forex For Goods With Local Substitutes –Emefiele
The Central Bank Governor, Mr Godwin Emefiele, has said that the CBN will not support the importation of items that…
Venezuela Files Legal Claim In Bid To Force Bank Of England To Hand Over $1 Billion Of Gold
Venezuela has launched legal proceedings to try to force the Bank of England to hand over $1 billion worth of…
Lockdowns Lead To Drastic Fall In Carbon Emissions
The coronavirus pandemic and associated lockdowns have resulted in a significant fall in worldwide carbon emissions, according to a new…