Nigeria: 39.4 Million May Be Jobless Before Year End – FG
The Federal Government has raised the fear that except something urgent is done, about 39.4 million Nigerians may be jobless…
Month: June 2020
California Examines Amazon’s Business Practices
California investigators are examining Amazon.com Inc’s (AMZN.O) business practices as part of an inquiry into the company, the Wall Street…
Coronavirus: Saudi Arabia Considering Canceling Hajj
Saudi Arabia is considering canceling the annual hajj pilgrimage this year because the coronavirus pandemic, the Financial Times reported. The…
UK Economy Contracted By 20.4% In April, The Largest Monthly Fall On Record
The U.K. posted the biggest monthly fall in GDP (gross domestic product) on record in April, according to the Office…
U.S. Manufacturers Struggle To Keep Workers In The Face Of Weak Demand
Cheryl Wellman was able to bring back most of her furloughed workers last month with the help of a special…
For the Record: President Buhari’s 2020 Democracy Day Speech
Fellow Nigerians, 1. The 2020 celebration of Democracy Day marks 21 years of uninterrupted civil administration in our dear country.…
US Lawmakers Asked Zoom To Clarify Its Data-Collections Practices
Three U.S. lawmakers asked Zoom Video Communications Inc (ZM.O) to clarify its data-collection practices and relationship with the Chinese government…
Ukraine President’s Wife Tests Positive For Coronavirus
Olena, the wife of Ukrainian President Volodymyr Zelenskiy, said on Friday she had tested positive for coronavirus but her husband…
U.S. Lawmakers Back New Helicopter Safety Equipment After Kobe Bryant Crash
A group of Democratic U.S. lawmakers on Thursday introduced legislation that would require new safety equipment on helicopters that carry…
Tech’s Big Five Lost Nearly $270 Billion In Value In Thursday’s Market Plunge
The five most valuable tech companies lost more than $269 billion in value on Thursday, the worst day for U.S.…
Republican-Led Senate Panel Defies Trump, Backs Stripping Confederate Names From Military Bases
The Republican-led U.S. Senate Armed Services Committee voted to require the Department of Defense to rename military bases named after…
Wall Street Closes With Biggest One-Day Loss Since March 16
Wall Street plummeted on Thursday as investors reacted to renewed fears of a pandemic resurgence and digested dour economic forecasts…
Sony Unveils Playstation 5, Coming Later This Year
Sony unveiled the PlayStation 5 game console design on Thursday. The PS5 was unveiled at the end of a video stream…
Twitter Suspends Chinese Operation Pushing Pro-Beijing Coronavirus Messages
SAN FRANCISCO (Reuters) – Twitter (TWTR.N) on Thursday said it was removing hundreds of thousands of accounts tied to a…
Manhattan’s Empty Apartments: New Leases Fall 62%
Manhattan had its worst May in a decade for new rental leases, as residents leave the city and the real…
Democratic Candidate Biden Calls On Facebook To Fact-Check Political Ads
Democratic presidential candidate Joe Biden’s campaign published an open letter to Facebook (FB.O) Chief Executive Mark Zuckerberg on Thursday, calling…
Adesina Reacts To AfDB Vice President’s Resignation
President of the African Development Bank (AfDB), Akinwumi Adesina has reacted to the resignation of Jennifer Blanke, as vice president…
Coronavirus: IMF Says $10 trillion Has Been Spent To Combat Pandemic
Governments around the world have spent $10 trillion in fiscal actions to respond to the novel coronavirus pandemic and its…
British Airways To Sell Art Collection To Raise Cash
British Airways is selling some of its multi-million-pound art collection to raise cash to help it through the coronavirus pandemic.…
German Airline Lufthansa To Cut 22,000 Jobs
German airline Lufthansa has said it will cut 22,000 jobs as it struggles to deal with the slump in air…
Elon Musk Tweets ‘Lol’ At Stock Market
Tesla CEO Elon Musk on Thursday morning tweeted “lol”, a reference he later clarified to apply to “stonks,” the colloquial term given…
Coronavirus: Germany’s Carmakers Face A ‘Toxic Mix’ Of Challenges As Demands Fall
Germany’s economically-essential car manufacturing industry is emerging from a scathing period of lockdown, production halts and a slump in sales.…
Nigeria: MTN Completes N100bn Commercial Paper Issuance
MTN Nigeria has completed the issuance of its series I and II notes, under its N100bn commercial paper debt programme.…
Nigeria’s 5-Year Naira Futures Sink To 578 On Dollar Shortage
ABUJA, June 10 (Reuters) – The Nigerian naira for five-year settlement was quoted at 578.37 to the U.S. dollar on…
Coronavirus May Lead To Loss Of 13Million Jobs In Nigeria – UN
The COVID-19 pandemic may lead to the loss of 13 million jobs in Nigeria, the World Food Programme of the…
Finland Lifts Travel Restrictions On Neighbours Except Sweden
Finland’s government said on Thursday it will lift coronavirus-related restrictions on leisure travelling to and from neighbouring Baltic and Nordic…
Dow Futures Drop 500 Points On Virus Second Wave Concern, Airline And Retail Shares Fall
Stock futures fell sharply in early trading Thursday as coronavirus cases increased in some states that are reopening up from…
European Markets Tumble After Fed Outlook
European stocks fell sharply Thursday as investors digested the latest comments from the U.S. Federal Reserve. The pan-European Stoxx 600 dropped…
Johnson & Johnson To Begin Human Trials For Coronavirus Vaccine In Late July
Johnson & Johnson announced Wednesday its early-stage human trial for a potential coronavirus vaccine will begin in the second half…
Canada, U.S. Set To Extend Border Closure To End Of July
Canada and the United States are set to extend a ban on non-essential travel to late July as both countries…