Ford Forced To Temporarily Close Factory After Two
Ford was forced to temporarily close an auto manufacturing plant in Chicago after two workers tested positive for coronavirus, the…
Month: May 2020
Nigeria Doctors To Strike Over Treatment By Police During Lockdown
Doctors in Nigeria’s commercial capital Lagos will go on strike from Wednesday evening because of what they describe as police…
Richard Branson’s Virgin Orbit To Attempt Its First Rocket Launch This Weekend
Sir Richard Branson’s Virgin Orbit is set to conduct its first orbital rocket launch as early as Saturday, in the…
Facebook Shares Hit Record High After Launch Of Online Shopping Feature
Shares of Facebook reached an all-time high of $230.75 on Wednesday, soaring as much as 6.4%, with Wall Street being bullish on…
Judge Shelves Tesla Shareholder Lawsuit Seeking To Stop Musk From Tweeting About The Company
A Delaware judge has denied a request by attorneys for Tesla shareholders to pursue a lawsuit seeking to prevent CEO…
Coronavirus: A Facebook Survey Finds That Around One-Third Of Small Businesses Have Stopped Operating
One in three of the small businesses that have shut down since the coronavirus pandemic hit don’t expect to ever…
The Pandemic Closed 90% Of The World’s Museums, And One In Eight May Never Reopen
Museums are starting to reopen in some countries as governments ease coronavirus restrictions, but experts warn that one in eight…
Target’s Online Sales Surge Eases Coronavirus Pain
A surge in Target Corp’s (TGT.N) online sales due to panic buying during the coronavirus crisis helped the big-box retailer…
Pandemic Could Cost Global Economy $82 Trillion In Depression Scenario
How badly will the coronavirus pandemic impact the economy? Does $82 trillion sound not good? That is the scary number…
World Bank Extends COVID-19 Emergency Support To 100 Countries
The World Bank on Tuesday said it had extended emergency support in the campaign against the COVID-19 pandemic to 100…
Nigeria’s Active Oil Rigs Fall By 24% To 16
The number of active oil rigs in the country fell by 23.8 per cent to 16 in April amid the…
Google Plans To Stop Making A.I. Tools For Oil And Gas Firms
Google has pledged to stop building customized artificial intelligence (AI) tools that help oil and gas firms to extract fossil fuels…
Trump ‘Considering’ Travel Ban After Brazil Suffers Deadliest Coronavirus Day On Record
resident Donald Trump said he is considering imposing a travel ban on Brazil, following the South American country’s deadliest day…
Urban Outfitters Predicts 60% Fall In Same-Store Sales On Slow Recovery
Apparel retailer Urban Outfitters Inc (URBN.O) on Tuesday projected a 60% decline in same-store sales in the second quarter due…
S&P Stumbles As Recent Report Questions Moderna Coronavirus Trial Results
The S&P 500 closed lower on Tuesday, as investors focused on a report questioning Moderna’s recent coronavirus vaccine early-stage trial…
EasyJet Hack Leaves 9 Million Customers’ Details Exposed
EasyJet announced on Tuesday that it has suffered a major cyber attack from a “highly sophisticated” source. The budget European…
Pence Says He Isn’t Taking Unproven Hydroxychloroquine Treatment For Coronavirus
Vice President Mike Pence said Tuesday he is not taking hydroxychloroquine as a preventive treatment for the coronavirus. “My physician…
China’s Xi Pledges $2 Billion To Help Fight Coronavirus
Chinese President Xi Jinping said Monday his country will provide $2 billion over two years to help other countries respond to the…
Coronavirus: New Car Registrations In Europe Fall 76% In April
European car sales fell dramatically in April as coronavirus lockdowns in the region closed car dealerships and brought a halt…
Dow Drops More Than 300 Points, Erasing Earlier Gains
Stocks fell for the first time in four days on Tuesday, giving back some of the strong gains from the…
Johnson & Johnson Discontinues Talc-Based Baby Powder In US And Canada After Mounting Lawsuits
Johnson & Johnson said Tuesday that it is discontinuing its talc-based baby powder in the United States and Canada as demand…
Kohl’s Expects Sales For Women’s Apparel To Remain Weak, Exits Jennifer Lopez And Other Women Brands
Kohl’s Corp (KSS.N) said the coronavirus crisis would have a material impact on results this year as it removed eight…
Lufthansa Expects Hundreds Of Aircraft To Be Grounded Until 2022
Lufthansa is bracing for hundreds of aircraft to remain grounded due to the coronavirus pandemic well into 2022 and that…
Workers Hit McDonald’s With Class Action Lawsuit Over COVID-19 Safety
Five McDonald’s (MCD.N) workers in Chicago filed a class action lawsuit against the chain on Tuesday, accusing it of failing…
Facebook To Launch New Shopping Feature Across Apps
Facebook Inc (FB.O) is launching Shops, a service that will allow businesses to display and sell products on the world’s…
Over 4 Million Americans Are Now Skipping Mortgage Payments
Fewer Americans are calling their mortgage servicers to ask for relief from mortgage payments, but the housing industry isn’t out…
Nigeria: Blue-Chip Firms Dominate As Investors Gain N37bn
Transactions on the floor of the Nigerian Stock Exchange on Monday halted marginal negative sentiment witnessed last Friday to begin…
Mitsubishi Motors To Cut Costs After Slump In Annual Profit
Mitsubishi Motors Corp (7211.T) will focus on cutting fixed costs by 20% or more in the next two years after…
Investors Show Little Faith In ‘Bear Market Rally’
A majority of investors believe the global stock market rally will swing into reverse, with a second wave of coronavirus…
Low Oil Demand Faces Further Threat From Electric Vehicles
Oil companies may be facing uncertainty as the coronavirus pandemic triggers a collapse in demand for their products, but auto…