JC Penney To close 13 More Stores
J.C. Penney is set to close 13 more stores this summer as it works toward restructuring its business in bankruptcy…
Day: June 24, 2020
South Africa’s Budget Deficit To Widen To 14.6% Of GDP
South Africa’s budget deficit is projected to widen sharply while debt is seen ballooning significantly, the Treasury said on Wednesday, as the…
Nigeria’s Fiscal Crisis Due To Low Revenue – IMF
The International Monetary Fund has said Nigeria’s major fiscal challenge is its “very low revenue” and not so much of…
We’ll Steer Nigeria Away From Recession , Says CBN
The Central Bank of Nigeria on Wednesday said it would not be deterred in its effort to steer the Nigerian…
U.S. Doubles Bounty On ISIS Leader To $10 Million
Secretary of State Mike Pompeo announced Wednesday that the United States has doubled the bounty for the new ISIS leader…
California Wants Judge To Classify Uber, Lyft Drivers As Employees
California plans to ask a state court judge to force Uber Technologies Inc and Lyft Inc to classify their ride-hail…
Amazon Launches Cloud Service To Help Non-Coders Build Apps
Amazon cloud unit on Wednesday announced the introduction of Honeycode, a service that non-coders can use to write applications. The…
IMF Slashes Its Forecasts For The Global Economy And Warns Of Soaring Debt Levels
The International Monetary Fund slashed its economic forecasts once again on Wednesday and warned that public finances will deteriorate significantly as…
Wall Street Finishes Lower On Rising Virus Cases, Weak Economic View
Wall Street’s three major indexes on Wednesday suffered their biggest daily percentage drop in almost two weeks as a surge…
Facebook To Be Hit By Its Largest Ever Advertiser Boycott Over Racism
Facebook will be confronted with its largest ever advertiser boycott in July, as a coalition of some of America’s biggest…
Thousands Of U.S Inmates Got Relief Checks, The IRS Wants Them Back
Hundreds of thousands of dollars in coronavirus relief payments have been sent to people behind bars across the United States,…
NASA Eyes Flying Astronauts And Personnel To The Edge Of Space On Commercial Rockets
In a major policy shift for NASA, the space agency is making it possible for its own personnel — including…
EU Delays Greater Competition In Derivatives Market By A Year
The European Union said it has delayed the introduction of rules aimed at increasing competition in derivatives clearing after concerns…
WhatsApp Payments Suspended In Brazil By Central Bank
Brazil’s Central Bank has suspended Facebook’s WhatsApp payments feature in the country, just over a week after the messaging service…
Naira Falls Big At the black market as demand pressure persists
Forex turnover at the Investor and Exporters (I&E) window continued with the positive trend as it rose by 42% on…
Former Wirecard CEO Freed On Bail In Missing Billions Case
Former Wirecard (WDIG.DE) CEO Markus Braun, who was arrested on suspicion of falsifying the German payments firm’s accounts, has been…
Ex-Googler Becomes Second-Richest Person In China
A former Google employee was briefly ranked the second richest person in China, following a surge in sales at his…
Twitter Permanently Suspends Account That Created Doctored Video Tweeted By Trump
Twitter Inc has permanently suspended the account of a rightwing online personality for violating its copyright policy, a week after…
The EU Is Discussing Reopening Its Borders And US Citizens Could Remain Barred
The European Union is currently discussing how to reopen its external borders as the region looks to slowly reopen economies,…