Japan, U.S. Defence Chiefs Oppose Bid To Alter Status Of Asian Waters
Japan’s Defence Minister Taro Kono said on Saturday he had agreed with his U.S. counterpart Mark Esper that both countries…
Month: August 2020
Syndicate That Specialises In Moving Funds Through SIM Card Arrested
Detectives attached to the Nigeria Police Zone 2 Command Headquarters, Onikan, Lagos State have arrested five suspects for allegedly moving…
Apple Suspends Fortnite Maker Epic Games’ App Store Account
Apple on Friday said it suspended Epic Games’ developer account. It follows a temporary restraining order on Monday evening, in…
Nigeria: Pilot In The Crashed Bell Helicopter Confirmed As Chika Prudence Ernest
The pilot of the ill-fated Bell 206 helicopter that crashed in Ikeja, Lagos today, has been identified. He was Chika…
Chadwick Boseman: Black Panther Star Dies Of Cancer Aged 43
US actor Chadwick Boseman, best known for his role in Black Panther, has died of cancer, his family say. The…
U.S. Tech Stocks Are Now Worth More Than The Entire European Stock Market
The dominance of major U.S. tech stocks in recent years has pushed the sector past another milestone as it is…
Nigeria: Why FG Shifted Resumption Of International Flights By One Week
The Federal Government has shifted the opening date of international flights in the country by a week due to logistics…
Pretzel-Maker Utz Readies For Market Debut After Gaining Share During The Pandemic
Utz Quality Foods gained market share as consumers stockpiled its pretzels and potato chips for quarantine snacks at the start…
Preparing For New Normal
Globally, airports are presumed to be the point of contact and spread of the coronavirus pandemic. This is because people…
Qatar Airways Refunds $1.2bn To Customers
Qatar Airways said it has paid out over $1.2 billion in refunds to almost 600,000 passengers since March. This, it…
Nigeria Naira Eases 1.3% After Plans To Sell FX To Currency Operators
The Nigerian naira eased 1.3% against the U.S. dollar on the official market on Friday, a day after the central…
Apple Rejects Facebook App That Tells Users That Apple Takes 30% Cut Of In-App Purchases
Apple rejected one of Facebook’s new app updates, according to Reuters. The app tried to inform users that Apple collects…
MGM Resorts Lays Off 18,000 Previously Furloughed Employees
MGM Resorts International said Friday it is sending separation letters to 18,000 previously furloughed employees throughout the United States, making…
TikTok Interim CEO: We Already Have Synergies With Walmart In E-Commerce
Though many saw Walmart as an unusual potential buyer for TikTok, the social media app’s interim CEO Vanessa Pappas said…
S&P 500′s Stunning Summer Rally Points To Best August Since 1986
It’s been a great August, up 6% for the S&P 500, the best August since 1986. But then again, it…
These Stocks Will Gain The Most When There’s A Vaccine Breakthrough
Stifel analysts have for weeks fielded calls from clients all wondering the same thing: “Which stocks should I own if…
Morgan Stanley Downgrades Penn National And DraftKings After Big Runs For Both Stocks
It’s time for investors to cash in some of their chips on two gambling stocks, according to Morgan Stanley. The…
United Kingdom Moves To Confiscate £117m Properties Linked To Former Delta Governor, Ibori
The United Kingdom has moved to confiscate proceeds of loot in the £117m worth of properties linked to James Ibori,…
Africa’s Richest Man Has Lost Over $100 Million Of His Net Worth In Less Than 2 Months
In less than 2 months, Africa’s richest man, Aliko Dangote has lost more than $100 million of his net worth.…
Banks Eye Layoffs As Short-Term Crisis Ends, Long-Term Costs Emerge
At the height of the coronavirus pandemic last spring, the heads of U.S. banks including Morgan Stanley, Bank of America…
Apple And Tesla Split Their Shares, But Does It Matter?
Shares of Apple Inc (AAPL.O) and Tesla Inc (TSLA.O) will be less costly on Monday as pre-announced stock splits take…
Nigeria Faces Severe Stagflation As GDP Declines, Unemployment And Inflation Rise
1. The Nigerian economy contracted by -6.1% in the second quarter of 2020. This represents the highest quarterly decline since…
Abbott Labs Jumps As Wall Street Says New Rapid Test May Be ‘Game Changer’
Shares of Abbott Laboratories soared on Thursday after the company gained emergency authorization for a cheap, rapid Covid-19 test that…
Klarna, Europe’s $5.5 Billion Fintech, Sees Losses Rise Sevenfold In The First Half
Swedish online payments firm Klarna reported a ballooning net loss in the first half of 2020, as the company invested…
Moderna Says Its Coronavirus Vaccine Shows Promising Results In Small Trial Of Elderly Patients
Moderna’s potential coronavirus vaccine generated a promising immune response in elderly patients in an early stage clinical trial, the biotech…
Facebook Removes Kenosha Militia Page Following Deadly Shooting
Facebook on Wednesday said it removed the Facebook page and for a militia group in Kenosha, Wisconsin, after a gunman…
Amazon Unveils Halo To Battle Apple Watch And Fitbit — Tracks Activity, Body Fat, Emotions
Amazon is entering the wearables market in a big way. The company on Thursday introduced a wristband for health and…
GOP Set To Propose Smaller Coronavirus Stimulus Bill
Republicans are working on a more narrow coronavirus stimulus bill that they could release to members of Congress as soon…
Powell Announces New Fed Approach To Inflation That Could Keep Rates Lower For Longer
The Federal Reserve announced a major policy shift Thursday, saying that it is willing to allow inflation to run hotter…
Trump Says He Saved 51 Million Jobs In Pandemic. Economists, U.S. Officials Say Otherwise
Standing before half a dozen American flags during a press conference at his country club in Bedminster, New Jersey, President…