Starbucks Becomes Latest Company To Pause Advertising Across Social Media Platforms
Starbucks is the latest company to say it will pause advertising on “all social media platforms” and promises to have…
Month: June 2020
L’Oreal To Remove Words Like ‘Whitening’ From Skin Products
French cosmetics giant L’Oreal said Saturday that it will remove words like “whitening” from its skin care products, a move…
Nigeria: Airfares May Rise As FAAN Hikes Service Charge By 100%
Airfares on domestic and international routes are set to rise as the Federal Airports Authority of Nigeria is to increase…
The Facebook Ad Boycott Have Entered The Big Leagues. Now what?
In the last week, a steady stream of companies came out in support of the ”#StopHateForProfit” campaign, promising to pause…
Kanye West Announces 10-Year Yeezy and Gap Partnership
Kanye West has teased a collaboration between his own Yeezybrand and GAP, marking what longtime fans will recognize as a…
Mr Price Plans To Exit Nigeria, Closes Four Out Of Five Stores In The Country
Mr. Price Group is making plans to close its Nigerian business to focus on its home market business in South Africa. The…
EU Holds Off On Deciding Final Country ‘Safe List’ For Travel, Americans Set To Be Excluded
European Union countries failed to settle Friday on a final “safe list” of countries whose residents could travel to the…
Filipino Lawyer Says He’s Been Framed Wirecard’s Missing Billions
A Filipino lawyer embroiled in a multi-billion dollar fraud at Wirecard, Mark Tolentino, told Reuters that he was surprised to…
Coca-Cola Pauses Advertising On All Social Media Platforms Globally
Coca-Cola on Friday announced it will be pausing paid advertising on all social media platforms globally for at least 30…
European Markets Close Lower Amid Coronavirus Fears; Wirecard Down 63%
The pan-European Stoxx 600 closed 0.4% lower, with most sectors and major bourses in negative territory. Markets had advanced as much…
Trump’s Spending For Border Wall Rejected By U.S. Appeals Court
A federal appeals court on Friday said U.S. President Donald Trump was wrong to divert $2.5 billion meant for the…
Nigeria: Air Peace Flies 25 Airplanes To Different Parts Of The Country In Readiness For Flight Resumption
An indigenous airline, Air Peace, on Thursday announced that it flew all 25 aircraft in its fleet on June 24…
House Approves Washington, D.C., Statehood In Historic Vote
Four decades after launching its drive for U.S. statehood, Washington, D.C., was poised to take a step toward becoming the…
Zuckerberg Says Facebook Will Prohibit Hate Speech In Its Ad
Facebook CEO Mark Zuckerberg on Friday said the company will change its policies to prohibit hate speech in its advertisements.…
Unilever Pauses Facebook And Twitter Advertising For Rest Of 2020
Unilever, whose brands include Dove, Ben & Jerry’s and Hellmann’s, said Friday it will halt advertising on Facebook, Instagram and…
Nike CEO Says Layoffs Are Coming
On the same day of Nike’s dismal earnings, CEO John Donahoe sent an email to employees warning them that layoffs are coming.…
Microsoft Is Permanently Closing Its Retail Stores
on Friday announced it will permanently close its Microsoft Store retail locations. It will instead focus on its online store…
Britain’s Lockdown Drives Tesco’ Sales And Costs Higher
Tesco, Britain’s biggest retailer, said underlying UK sales rose 8.7% year-on-year in its first quarter to May 30, boosted by…
European Markets Open Higher Despite Virus Fears
European markets are set to open higher on Friday morning despite surging coronavirus cases in the U.S. and further warnings…
Apple Will Re-Close 14 Stores In Florida Because Of Rising Covid-19 Rates
Apple will re-close 14 stores in Florida as Covid-19 cases rise in the state, the company said on Thursday. The stores…
Judge Rejects Trump Family Attempt To Block Publication Of Niece Mary Trump’s Tell-All Book
A New York judge on Thursday rejected on jurisdictional grounds a legal effort by President Donald Trump’s brother to halt…
Verizon Is Also Pulling Advertising From Facebook And Instagram
Verizon said on Thursday it is pulling advertising on Facebook until the company “can create an acceptable solution that makes…
Nike Reports Unexpected Loss As Sales Tumble 38%, Shares Fall
Even Nike, often lauded as one of the strongest global brands in the retail industry, is taking a hit from the…
Nigeria: NNPC Posts N9.53bn Operational Loss For March
The Nigerian National Petroleum Corporation on Wednesday announced a trading deficit of N9.53bn for March 2020, which stood out as…
The U.S. Government Sent $1.4 Billion In Stimulus Checks To Deceased Individuals
The federal government has sent stimulus checks of up to $1,200 to millions of Americans — including deceased individuals. A new…
Germany, France Increase Political And Financial Aid To WHO
France and Germany expressed political and financial backing for the World Health Organization in its fight against the coronavirus on…
IMF Cuts Nigeria’s GDP Forecast, Says Economy Will Shrink By 5.4%
The International Monetary Fund has downgraded Nigeria’s 2020 growth projection, saying the economy will shrink by 5.4 per cent. The…
Macy’s To Slash 3,900 Corporate Job iIn Restructuring
Macy’s announced Thursday it is laying off 3,900 corporate jobs in a move to cut costs as its business has…
Nigeria Faces Worst Recession In 40 Years – World Bank
The collapse in crude oil prices, coupled with the COVID-19 pandemic, is expected to “plunge the Nigerian economy into a…
Wirecard Files For Insolvency, Becoming First DAX Member To Fail
Wirecard said on Thursday it was filing for insolvency after disclosing a $2.1 billion financial hole in its accounts, becoming…