Wirecard Shares Slump Over Missing €1.9bn
Shares in German payments company Wirecard have fallen more than 60% after the firm said its auditor had raised questions…
Month: June 2020
IMF Says Deeper-Than-Expected Contraction In U.S. Economy Likely In Second Quarter
A defacto lockdown in the United States has lasted longer than expected despite a rollback in some restrictions on mobility,…
Hertz Seeks Bankruptcy Loan After Suspending Stock Sale
Hertz Global Holdings Inc is in talks for a bankruptcy loan of up to $1 billion to fund its business…
Supreme Court Rules Against Trump’s Bid To End Program Shielding ‘Dreamer’ Immigrants
The Supreme Court ruled against President Donald Trump on Thursday in a set of cases over his effort to end…
Facebook Takes Down Trump Ads Over ‘Organized Hate’ Policy
Facebook Inc (FB.O) said on Thursday it took down posts and ads run by the re-election campaign of U.S. President…
Nigeria: Stock Market Ends Four-Day Decline, Gains N22bn
The gains recorded by Nestle Nigeria Plc, Cadbury Nigeria Plc and eight other quoted companies helped the nation’s stock market…
Nigeria: Naira Slumps To 452/$ As Speculations, Debt Weaken Market
The dollar exchanged for N452 at the parallel market on Wednesday over speculations by operators in the market and the…
Coronavirus: Bank Of England Adds Another £100 Billion To Bond-Buying Program
The Bank of England on Thursday added another £100 billion to its quantitative easing program in a bid to shore…
Amazon Plans To Show Premier League Matches For Free On Prime And Twitch
Amazon has announced that it is making all of its Premier League soccer matches free to watch on Amazon Prime…
U.S. Weekly Jobless Claims Remain High, Second Wave Of Layoffs Blamed
A second wave of layoffs amid weak demand and fractured supply chains is likely keeping new U.S. applications for unemployment…
Nigeria: Inflation Hits 25-Month High At 12.40% In May
Nigeria’s rate of inflation, which is measured by the country’s Consumer Price Index, rose to 12.40 per cent in the…
Nigeria: FG, States, LGs Share N547bn For May
The Federation Accounts Allocation Committee on Wednesday at its virtual meeting shared to the three tiers of government a total…
Stock Futures Flat In Overnight Trading
Stock futures were flat in overnight trading on Wednesday as investors continued to monitor an uptick in new coronavirus cases…
Several U.S. Banks To Close Branches, Offices Early For Juneteenth
Several U.S. banks are closing branches and offices early on Friday to observe the Juneteenth holiday, which commemorates the day…
Facebook And Instagram Will Let Users ‘Turn Off’ All Political Ads For The 2020 Election
Critics say Facebook is actively enabling the spread of political misinformation online, but the social network has now come up…
Steroid Should Be Kept For Serious Coronavirus Cases, WHO Says
A cheap steroid that can help save the lives of patients with severe COVID-19 should be reserved for serious cases…
Volkswagen Electric SUV Leaked Months Ahead Of Release
Volkswagen’s first all-electric SUV, the ID 4, has broken cover thanks to leaked images from China’s Ministry of Industry and…
Lyft Says ‘100 Percent’ Of Its Vehicles Will Be Electric By 2030
Lyft announced a plan on Wednesday to transition to “100 percent” electric or zero-emission vehicles by 2030. By working with…
US Says A UK Trade Deal ‘Unlikely’ Before November
America’s top trade negotiator has said a deal with the UK is unlikely before the US presidential election in November.…
House To Vote To Make Washington D.C. The 51st State In The U.S
Democrats controlling the House have slated a vote next week to make the District of Columbia the 51st state, an…
Uber To Make Juneteenth And Election Days Around The World Company Holidays
Uber will honor Juneteenth and elections days around the world as company holidays, CEO Dara Khosrowshahi announced Wednesday. “To embrace…
Google Commits $175 Million To Black Businesses And Promises To Diversify Leadership
Google and Alphabet CEO Sundar Pichai told employees it will commit to more than $175 million toward funding more Black…
Volkswagen To Pay $267 Million For Audi Buyout
Volkswagen will pay a 48% premium to buy out the minority shareholders of premium division Audi, Audi said on Tuesday.…
Trump Sought China’s Xi’s Help To Win Re-Election, Bolton Alleges
In a series of bombshell allegations, U.S. President Donald Trump’s former national security adviser, John Bolton, said on Wednesday that…
Hertz Halts Plan To Sell $500 Million In Shares After SEC Review
Hertz has suspended its plan to sell up to $500 million in shares pending review by the Securities and Exchange…
Beijing Extends Movement Curbs To Contain Resurgent Coronavirus
China’s capital cancelled scores of flights, shut schools and blocked off some neighbourhoods as it ramped up efforts to contain…
HSBC Revives Plan To Cut 35,000 Jobs, According To An Internal Memo
HSBC is resuming a massive redundancy plan it had put on ice after the coronavirus outbreak, and will cut 35,000…
UK’s Supreme Court Rules Against Mastercard, Visa In Retailers’ Fees Battle
Britain’s highest court on Wednesday upheld an earlier Court of Appeal ruling that credit card companies Visa (V.N) and Mastercard…
Tensions Between North And South Korea To Escalate Further After Pyongyang Bombed Joint Office
Tensions between the two Koreas may continue to rise after a joint liaison office in a border town was blown up,…
Russia Could Cut Interest Rates To A Historic Low
The Central Bank of Russia (CBR) is expected to cut its benchmark interest rate on Friday to its lowest level…