Oil Hits $40, As Nigeria Cuts Production By 216,000bpd
Global oil commodities gained in prices on Wednesday as Brent crude, the benchmark against which Nigeria’s crude is priced, rose…
Month: June 2020
Slack Revenue Growth Fails To Impress; Withdraws Billings Outlook For 2021
Slack Technologies Inc (WORK.N) on Thursday withdrew its 2021 billing outlook and reported a 50% jump in quarterly sales that…
Gap Reports Huge First-Quarter Loss On Coronavirus-Led Store Closures
Gap Inc <GPS.N> on Thursday reported a whopping first-quarter loss of $932 million as the apparel retailer wrote down the…
Sony’s Unannounced 1000XM4 Headphones Leak In Full With Minor, But Welcome, Changes
Sony’s unannounced WH-1000XM4 noise-canceling headphones have leaked in full thanks to a new listing on Walmart’s website that reveals basically…
NBA Approves Plan To Resume Season In July At Disney World
The NBA’s Board of Governors have approved a plan to restart the suspended season with a tentative July 31 start…
Amazon licenses Slack For All Employees, While Slack Adopts AWS Video-Calling Tech
Slack and Amazon are deepening their partnership. Under a new deal announced Thursday, all Amazon employees will have access to…
Nigeria: Lagos To Allow Restricted Opening Of Churches And Mosques From June 19
Lagos State government says religious gatherings would be allowed to reopen on June 21, 2020. This was disclosed by the…
Bentley To Cut ‘Up To 1,000’ Jobs
Luxury carmaker Bentley is to cut 1,000 jobs in the UK, the BBC understands. The firm, which makes most of…
Louis Vuitton Unsure Over $16bn Tiffany Takeover
The world’s biggest luxury goods firm, LVMH, has cast doubt over its planned $16bn (£12.5bn) takeover of US-based jeweller Tiffany.…
Nigeria: Forex Turnover Drops By 28.3% As Naira Depreciates Against The Dollar At I&E Window
The Naira depreciated to N386.33 to a dollar at the Investors and Exporters (I&E) window, as the volatility of the foreign exchange…
German Stimulus Package Hands Families €300 For Each Child
Germany’s coalition government has agreed a €130bn (£114bn) fiscal stimulus package which cuts tax and hands €300 per child to…
Eurozone In Fresh Emergency Action To Boost Economy
The European Central Bank has taken further dramatic measures try to boost the eurozone economies, amid their biggest recession since…
Google Now Highlights Search Results Directly On Webpages
Google is trying to make it easier to find the information you’re looking for on external websites by highlighting relevant…
U.S. Jobless Claims Dip Below 2 Million, Road To Recovery Rocky
Other data on Thursday showed a jump in the trade deficit in April as the pandemic upended the global flow…
China’s Aviation Authority To Allow More Foreign Flights After The U.S. Bans Chinese Carriers
China’s aviation authority said Thursday that it would allow foreign airlines to increase flights between the country and other regions…
GM Plans Electric Van For Business Users In Bid To Pre-Empt Tesla
General Motors Co is developing an electric van aimed at business users, joining a growing list of carmakers planning EVs…
Amazon In Talks To Buy $2 Billion Stake In Indian Telco Bharti Airtel
Amazon.com (AMZN.O) is in early-stage talks to buy a stake worth at least $2 billion in Indian mobile operator Bharti…
Russia Declares State Of Emergency After Massive Oil Spill In The Arctic Circle
President Vladimir Putin has declared a state of emergency in a region within the Arctic Circle in far northern Russia…
The Euro Is On Track For Its Longest Winning Streak Against The Dollar Since 2013
The euro is on course to climb against the dollar for the seventh consecutive day on Wednesday, its longest winning…
Bitcoin Loses $1500 In 3 Mins After Momentarily Rising Above $10,000
Some hours ago, Bitcoin rose above $10,000 for the first time in six weeks in a move that seems to show…
Nigeria’s Tier-1 Banks Earn N18.4 Billion From Account Maintenance Charges In Q1 2020
Nigeria’s tier-1 banks — comprised of First Bank, UBA, GTBank, Access Bank, and Zenith Bank (FUGAZ) — generated a total…
Chauvin And 3 Former Officers Face New Charges Over George Floyd’s Death
Derek Chauvin now faces a charge of second-degree murder in addition to earlier charges, and three other former Minneapolis police…
Australia Heading For Recession After Economy Contracts
Australia is heading for its first recession in nearly three decades after the economy shrunk in the January-March quarter, with…
Oil Prices Rise As Saudi Arabia And Russia Reach Deal on Output Cut
Oil prices rose Wednesday as Saudi Arabia and Russia reportedly reached a deal on output cuts while weekly U.S. supply…
Nigeria’s Economy Is Set To Shrink As Business Activity Tumbles
Nigeria’s economy is likely to contract in the second quarter, according to three gauges of business activity that highlight the…
Walmart Removes Firearms From Sales Floor In Some Stores As Protests Continue Across U.S.
Walmart said it’s removed firearms and ammunition from some of its stores’ sales floors, as protests sparked by the death of…
San Francisco Sees ‘Unprecedented’ Drop In Rent Prices
After years of people bemoaning the state of San Francisco, a city stifled by skyrocketing rent prices and overrun by…
Apple’s 2021 iPad Pros Could Have 5G
Apple’s 2021 iPad Pros could have 5G, thanks to Qualcomm’s Snapdragon X55 5G modem, according to Apple leaker L0vetodream on…
Snap Says it Will No Longer Promote Trump’s Content Within Snapchat
Snap announced Wednesday it will no longer promote President Trump’s content within Snapchat’s Discover feature. Snap shares were down more than…