Business Starbucks Becomes Latest Company To Pause Advertising Across Social Media Platforms June 28, 2020 Ekemini Starbucks is the latest company to say it will pause advertising on “all social media platforms” and promises to have discussions internally and with media partners and civil rights organizations…
Business L’Oreal To Remove Words Like ‘Whitening’ From Skin Products June 27, 2020 Ekemini French cosmetics giant L’Oreal said Saturday that it will remove words like “whitening” from its skin care products, a move that comes amid global protests against racism sparked by the…
Local Nigeria: Airfares May Rise As FAAN Hikes Service Charge By 100% June 27, 2020 Ekemini Airfares on domestic and international routes are set to rise as the Federal Airports Authority of Nigeria is to increase the passenger service charges on flight tickets by 100 per…
Opinion The Facebook Ad Boycott Have Entered The Big Leagues. Now what? June 27, 2020 Ekemini In the last week, a steady stream of companies came out in support of the ”#StopHateForProfit” campaign, promising to pause advertising spend on Facebook to encourage the company to amp…
Business Kanye West Announces 10-Year Yeezy and Gap Partnership June 27, 2020 Ekemini Kanye West has teased a collaboration between his own Yeezybrand and GAP, marking what longtime fans will recognize as a lyrically documented full-circle moment. Early Friday, West—using the hashtag #WESTDAYEVER—shared…
Local Mr Price Plans To Exit Nigeria, Closes Four Out Of Five Stores In The Country June 27, 2020 Ekemini Mr. Price Group is making plans to close its Nigerian business to focus on its home market business in South Africa. The popular affordable clothing, sport, and home wear brand…
World EU Holds Off On Deciding Final Country ‘Safe List’ For Travel, Americans Set To Be Excluded June 27, 2020 Ekemini European Union countries failed to settle Friday on a final “safe list” of countries whose residents could travel to the bloc from July, with the United States, Brazil and Russia…
World Filipino Lawyer Says He’s Been Framed Wirecard’s Missing Billions June 27, 2020 Ekemini A Filipino lawyer embroiled in a multi-billion dollar fraud at Wirecard, Mark Tolentino, told Reuters that he was surprised to be linked to the German payments firm and that he…
Business Coca-Cola Pauses Advertising On All Social Media Platforms Globally June 27, 2020 Ekemini Coca-Cola on Friday announced it will be pausing paid advertising on all social media platforms globally for at least 30 days. The company clarified it was not joining the official…
Investing European Markets Close Lower Amid Coronavirus Fears; Wirecard Down 63% June 27, 2020 Ekemini The pan-European Stoxx 600 closed 0.4% lower, with most sectors and major bourses in negative territory. Markets had advanced as much as Those early gains were wiped out amid an…
World Trump’s Spending For Border Wall Rejected By U.S. Appeals Court June 26, 2020 Ekemini A federal appeals court on Friday said U.S. President Donald Trump was wrong to divert $2.5 billion meant for the Pentagon to build part of his long-sought wall along the…
Local Nigeria: Air Peace Flies 25 Airplanes To Different Parts Of The Country In Readiness For Flight Resumption June 26, 2020 Ekemini An indigenous airline, Air Peace, on Thursday announced that it flew all 25 aircraft in its fleet on June 24 to different parts of the country in readiness for the…
World House Approves Washington, D.C., Statehood In Historic Vote June 26, 2020 Ekemini Four decades after launching its drive for U.S. statehood, Washington, D.C., was poised to take a step toward becoming the 51st state as the House of Representatives on Friday approved…
Business Zuckerberg Says Facebook Will Prohibit Hate Speech In Its Ad June 26, 2020 Ekemini Facebook CEO Mark Zuckerberg on Friday said the company will change its policies to prohibit hate speech in its advertisements. Under its new policies, Facebook will ban ads that claim…
Business Unilever Pauses Facebook And Twitter Advertising For Rest Of 2020 June 26, 2020 Ekemini Unilever, whose brands include Dove, Ben & Jerry’s and Hellmann’s, said Friday it will halt advertising on Facebook, Instagram and Twitter in the U.S. at least through Dec. 31. The…
Business Nike CEO Says Layoffs Are Coming June 26, 2020 Ekemini On the same day of Nike’s dismal earnings, CEO John Donahoe sent an email to employees warning them that layoffs are coming. “We will soon be forced to make some…
Business World Microsoft Is Permanently Closing Its Retail Stores June 26, 2020 Ekemini on Friday announced it will permanently close its Microsoft Store retail locations. It will instead focus on its online store at Microsoft.com, where customers can go for support, sales, training…
Business Britain’s Lockdown Drives Tesco’ Sales And Costs Higher June 26, 2020 Ekemini Tesco, Britain’s biggest retailer, said underlying UK sales rose 8.7% year-on-year in its first quarter to May 30, boosted by the country being on coronavirus lockdown for the majority of…
Investing European Markets Open Higher Despite Virus Fears June 26, 2020 Ekemini European markets are set to open higher on Friday morning despite surging coronavirus cases in the U.S. and further warnings about a second market meltdown from the International Monetary Fund…
Business Apple Will Re-Close 14 Stores In Florida Because Of Rising Covid-19 Rates June 25, 2020 Ekemini Apple will re-close 14 stores in Florida as Covid-19 cases rise in the state, the company said on Thursday. The stores will re-close on Friday. The shutdowns come after Apple…
World Judge Rejects Trump Family Attempt To Block Publication Of Niece Mary Trump’s Tell-All Book June 25, 2020 Ekemini A New York judge on Thursday rejected on jurisdictional grounds a legal effort by President Donald Trump’s brother to halt the publication next month of a tell-all book by the…
Business Verizon Is Also Pulling Advertising From Facebook And Instagram June 25, 2020 Ekemini Verizon said on Thursday it is pulling advertising on Facebook until the company “can create an acceptable solution that makes us comfortable.” A company spokesperson said the pause applies to…
Business Nike Reports Unexpected Loss As Sales Tumble 38%, Shares Fall June 25, 2020 Ekemini Even Nike, often lauded as one of the strongest global brands in the retail industry, is taking a hit from the coronavirus pandemic. The Portland, Oregon-based sneaker maker on Thursday…
Local Nigeria: NNPC Posts N9.53bn Operational Loss For March June 25, 2020 Ekemini The Nigerian National Petroleum Corporation on Wednesday announced a trading deficit of N9.53bn for March 2020, which stood out as the oil firm’s first operational loss since October 2018. Findings…
World The U.S. Government Sent $1.4 Billion In Stimulus Checks To Deceased Individuals June 25, 2020 Ekemini The federal government has sent stimulus checks of up to $1,200 to millions of Americans — including deceased individuals. A new report from the Government Accountability Office finds that about…
World Germany, France Increase Political And Financial Aid To WHO June 25, 2020 Ekemini France and Germany expressed political and financial backing for the World Health Organization in its fight against the coronavirus on Thursday, with Berlin saying it would give a record half…
Local IMF Cuts Nigeria’s GDP Forecast, Says Economy Will Shrink By 5.4% June 25, 2020 Ekemini The International Monetary Fund has downgraded Nigeria’s 2020 growth projection, saying the economy will shrink by 5.4 per cent. The IMF had in April 2020 projected that the country’s economy…
Business Macy’s To Slash 3,900 Corporate Job iIn Restructuring June 25, 2020 Ekemini Macy’s announced Thursday it is laying off 3,900 corporate jobs in a move to cut costs as its business has been hurt by the coronavirus pandemic. The department store chain…
Breaking Local Nigeria Faces Worst Recession In 40 Years – World Bank June 25, 2020 Ekemini The collapse in crude oil prices, coupled with the COVID-19 pandemic, is expected to “plunge the Nigerian economy into a severe recession, the worst sincere the 1980s”, the World Bank…
Business Wirecard Files For Insolvency, Becoming First DAX Member To Fail June 25, 2020 Ekemini Wirecard said on Thursday it was filing for insolvency after disclosing a $2.1 billion financial hole in its accounts, becoming the first sitting member of Germany’s blue-chip share index to…
