Local Ford Forced To Temporarily Close Factory After Two May 20, 2020 Ekemini Ford was forced to temporarily close an auto manufacturing plant in Chicago after two workers tested positive for coronavirus, the company told AFP on Wednesday. The incident on Tuesday highlights…
Local Nigeria Doctors To Strike Over Treatment By Police During Lockdown May 20, 2020 Ekemini Doctors in Nigeria’s commercial capital Lagos will go on strike from Wednesday evening because of what they describe as police harassment of health workers trying to move through the city…
Business Richard Branson’s Virgin Orbit To Attempt Its First Rocket Launch This Weekend May 20, 2020 Ekemini Sir Richard Branson’s Virgin Orbit is set to conduct its first orbital rocket launch as early as Saturday, in the final test of its Boeing 747 aircraft-based system. Virgin Orbit’s…
Business Facebook Shares Hit Record High After Launch Of Online Shopping Feature May 20, 2020 Ekemini 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 the company’s focus on e-commerce. The social media…
Business Judge Shelves Tesla Shareholder Lawsuit Seeking To Stop Musk From Tweeting About The Company May 20, 2020 Ekemini A Delaware judge has denied a request by attorneys for Tesla shareholders to pursue a lawsuit seeking to prevent CEO Elon Musk from using his personal Twitter account to disseminate…
Business Coronavirus: A Facebook Survey Finds That Around One-Third Of Small Businesses Have Stopped Operating May 20, 2020 Ekemini One in three of the small businesses that have shut down since the coronavirus pandemic hit don’t expect to ever reopen again. That’s according to a new survey that Facebook…
World The Pandemic Closed 90% Of The World’s Museums, And One In Eight May Never Reopen May 20, 2020 Ekemini Museums are starting to reopen in some countries as governments ease coronavirus restrictions, but experts warn that one in eight worldwide could face permanent closure due to the pandemic. Studies…
Business Target’s Online Sales Surge Eases Coronavirus Pain May 20, 2020 Ekemini A surge in Target Corp’s (TGT.N) online sales due to panic buying during the coronavirus crisis helped the big-box retailer post better-than-expected quarterly results on Wednesday, even as it grappled…
World Pandemic Could Cost Global Economy $82 Trillion In Depression Scenario May 20, 2020 Ekemini How badly will the coronavirus pandemic impact the economy? Does $82 trillion sound not good? That is the scary number put out by the Centre for Risk Studies at the…
World World Bank Extends COVID-19 Emergency Support To 100 Countries May 20, 2020 Ekemini The World Bank on Tuesday said it had extended emergency support in the campaign against the COVID-19 pandemic to 100 developing countries – home to 70 per cent of the…
Local Nigeria’s Active Oil Rigs Fall By 24% To 16 May 20, 2020 Ekemini The number of active oil rigs in the country fell by 23.8 per cent to 16 in April amid the coronavirus-induced collapse in prices and demand for crude. Data obtained…
Business Google Plans To Stop Making A.I. Tools For Oil And Gas Firms May 20, 2020 Ekemini Google has pledged to stop building customized artificial intelligence (AI) tools that help oil and gas firms to extract fossil fuels worldwide. The pledge came after a Greenpeace report on…
World Trump ‘Considering’ Travel Ban After Brazil Suffers Deadliest Coronavirus Day On Record May 20, 2020 Ekemini resident Donald Trump said he is considering imposing a travel ban on Brazil, following the South American country’s deadliest day on record as a result of the coronavirus. “We are…
Business Urban Outfitters Predicts 60% Fall In Same-Store Sales On Slow Recovery May 20, 2020 Ekemini Apparel retailer Urban Outfitters Inc (URBN.O) on Tuesday projected a 60% decline in same-store sales in the second quarter due to tepid demand recovery from the COVID-19 pandemic disruptions, sending…
Investing S&P Stumbles As Recent Report Questions Moderna Coronavirus Trial Results May 20, 2020 Ekemini The S&P 500 closed lower on Tuesday, as investors focused on a report questioning Moderna’s recent coronavirus vaccine early-stage trial results, wiping out modest gains on the benchmark index in…
Business EasyJet Hack Leaves 9 Million Customers’ Details Exposed May 19, 2020 Ekemini EasyJet announced on Tuesday that it has suffered a major cyber attack from a “highly sophisticated” source. The budget European airline, which has seen its fleet grounded by the coronavirus,…
World Pence Says He Isn’t Taking Unproven Hydroxychloroquine Treatment For Coronavirus May 19, 2020 Ekemini Vice President Mike Pence said Tuesday he is not taking hydroxychloroquine as a preventive treatment for the coronavirus. “My physician hasn’t recommended that, but I wouldn’t hesitate to take the…
Local China’s Xi Pledges $2 Billion To Help Fight Coronavirus May 19, 2020 Ekemini Chinese President Xi Jinping said Monday his country will provide $2 billion over two years to help other countries respond to the impact of the coronavirus pandemic. The leader of…
World Coronavirus: New Car Registrations In Europe Fall 76% In April May 19, 2020 Ekemini European car sales fell dramatically in April as coronavirus lockdowns in the region closed car dealerships and brought a halt to manufacturing and sales, the latest industry data showed Tuesday.…
Investing Dow Drops More Than 300 Points, Erasing Earlier Gains May 19, 2020 Ekemini Stocks fell for the first time in four days on Tuesday, giving back some of the strong gains from the previous session, amid sharp losses from retail and bank shares.…
Business Johnson & Johnson Discontinues Talc-Based Baby Powder In US And Canada After Mounting Lawsuits May 19, 2020 Ekemini Johnson & Johnson said Tuesday that it is discontinuing its talc-based baby powder in the United States and Canada as demand fell in light of mounting lawsuits that said it…
Business Kohl’s Expects Sales For Women’s Apparel To Remain Weak, Exits Jennifer Lopez And Other Women Brands May 19, 2020 Ekemini Kohl’s Corp (KSS.N) said the coronavirus crisis would have a material impact on results this year as it removed eight brands including Jennifer Lopez, Juicy Couture and Popsugar from its…
Business Lufthansa Expects Hundreds Of Aircraft To Be Grounded Until 2022 May 19, 2020 Ekemini Lufthansa is bracing for hundreds of aircraft to remain grounded due to the coronavirus pandemic well into 2022 and that further job cuts at its maintenance and catering businesses were…
Business Workers Hit McDonald’s With Class Action Lawsuit Over COVID-19 Safety May 19, 2020 Ekemini Five McDonald’s (MCD.N) workers in Chicago filed a class action lawsuit against the chain on Tuesday, accusing it of failing to adopt government safety guidance on COVID-19 and endangering employees…
Business Facebook To Launch New Shopping Feature Across Apps May 19, 2020 Ekemini Facebook Inc (FB.O) is launching Shops, a service that will allow businesses to display and sell products on the world’s largest social network’s platforms, Chief Executive Mark Zuckerberg said on…
World Over 4 Million Americans Are Now Skipping Mortgage Payments May 19, 2020 Ekemini Fewer Americans are calling their mortgage servicers to ask for relief from mortgage payments, but the housing industry isn’t out of the woods yet. More than 4.1 million homeowners are…
World Nigeria: Blue-Chip Firms Dominate As Investors Gain N37bn May 19, 2020 Ekemini Transactions on the floor of the Nigerian Stock Exchange on Monday halted marginal negative sentiment witnessed last Friday to begin the week with a N37bn gain. The market performance indices,…
Business Mitsubishi Motors To Cut Costs After Slump In Annual Profit May 19, 2020 Ekemini Mitsubishi Motors Corp (7211.T) will focus on cutting fixed costs by 20% or more in the next two years after reporting an 89% drop in annual profit, its weakest performance…
Investing Investors Show Little Faith In ‘Bear Market Rally’ May 19, 2020 Ekemini A majority of investors believe the global stock market rally will swing into reverse, with a second wave of coronavirus cases topping their list of worries. About two-thirds of fund…
World Low Oil Demand Faces Further Threat From Electric Vehicles May 19, 2020 Ekemini Oil companies may be facing uncertainty as the coronavirus pandemic triggers a collapse in demand for their products, but auto makers are betting the crisis will help accelerate an electric…
