Nigeria Needs To Spend 18% GDP On Infrastructure – IMF
The International Monetary Fund has estimated additional spending of 18 percentage points of Gross Domestic Product by 2030 for Nigeria…
Day: June 16, 2020
30% Of Americans Missed Their Housing Payments In June
As the United States continues to face record unemployment due to the coronavirus pandemic, 30% of Americans missed their housing…
US Airlines May Ban Passengers If They Don’t Wear Face Masks
United and American Airlines said Monday that they will temporarily ban passengers who don’t comply with a new industry-wide mandatory…
Huawei CFO Raises New Argument To Fight U.S. Extradition In Canada Court
Huawei Chief Financial Officer Meng Wanzhou is raising a new argument in a Canadian court in a bid to fight…
AT&T Set To Cut Thousands Of Jobs And Close 250 Stores
AT&T reportedly plans to cut more than 3,400 technician and clerical jobs across the country and close stores over the…
Saudi Oil Exports To U.S. Plunge To Lowest Level In 35 Years
After flooding the U.S. with crude earlier this year, Saudi Arabia has all but cut off the taps to the…
Ruling Against Saudis May Affect Newcastle Deal
Saudi Arabia violated the World Trade Organization’s intellectual-property rules when it failed to crack down on pirated broadcasts of Qatari…
Oracle Misses Revenue Estimates On Delayed Sales Orders
Business software maker Oracle Corp reported quarterly revenue below Wall Street targets on Tuesday, hurt by weaker sales in its…
U.S. Bank Profits Plunge 70% On Coronavirus Loss Provisioning
U.S. bank profits fell by 69.6% to $18.5 billion in the first quarter of 2020 from the year prior as…
Trump Signs Executive Order On Police Reform After Weeks Of Protests
US President Donald Trump has signed an executive order introducing several police reforms while rejecting calls to defund or dismantle…
Dow Jumps More Than 500 Points As Wall Street Cheers Record Retail Sales Comeback
Stocks rose on Tuesday as a record jump in retail sales — coupled with positive trial results from a potential…
US Retail Sales Increased 17.7% In May After Biggest Decline In History
Retail sales in the US increased by more than 17 per cent in May, according to figures released by the…
EU Launches Anti-Trust Probes Into Apple’s App Store And Apple Pay
The European Commission announced Tuesday that it’s launching two antitrust investigations into Apple’s App Store rules and the Apple Pay…
Coronavirus: AfDB Forecast $88.3 Billion Drop In Africa’s GDP
The African Development Bank (AfDB) has projected that the ongoing Coronavirus (COVID-19) pandemic ravaging economies globally could cause Africa’s Gross…
TikTok Clone Zynn Removed From The iOS App Store
Zynn, the Chinese video sharing app that’s a near button-for-button clone of TikTok, has been removed from Apple’s App Store.…
Facebook Launches WhatsApp Digital Payment Service
WhatsApp has launched its digital payments service in Brazil as the messaging app capitalises on its popularity in emerging markets.…
North Korea Blows Up Joint Liaison Office With South In Kaesong
North Korea has blown up a joint liaison office with the South near the North’s border town of Kaesong. The…
U.S. And China Both Topple In Rankings Of The Best Places To Work And Do Business
While major countries vie for economic dominance, smaller nations could actually be more effective locations for individuals to work and…
China’s Economy May Grow 3% In 2020, Government Researcher Says
China’s economy may grow 3% this year as the government ramps up policy support, said Zhang Ming, a researcher at…