Business Japan, U.S. Defence Chiefs Oppose Bid To Alter Status Of Asian Waters August 29, 2020 Ekemini Japan’s Defence Minister Taro Kono said on Saturday he had agreed with his U.S. counterpart Mark Esper that both countries opposed any unilateral attempt to change the status quo in…
Local Syndicate That Specialises In Moving Funds Through SIM Card Arrested August 29, 2020 Ekemini Detectives attached to the Nigeria Police Zone 2 Command Headquarters, Onikan, Lagos State have arrested five suspects for allegedly moving money from their victims’ banks accounts. According to the Zonal…
Technology Apple Suspends Fortnite Maker Epic Games’ App Store Account August 29, 2020 Ekemini Apple on Friday said it suspended Epic Games’ developer account. It follows a temporary restraining order on Monday evening, in which a judge ruled that Apple can block Fortnite but…
Local Nigeria: Pilot In The Crashed Bell Helicopter Confirmed As Chika Prudence Ernest August 29, 2020 Ekemini The pilot of the ill-fated Bell 206 helicopter that crashed in Ikeja, Lagos today, has been identified. He was Chika Prudence Ernest. Also identified with him was the co-pilot, Clement…
World Chadwick Boseman: Black Panther Star Dies Of Cancer Aged 43 August 29, 2020 Ekemini US actor Chadwick Boseman, best known for his role in Black Panther, has died of cancer, his family say. The 43-year-old died at home in Los Angeles with his wife…
Business U.S. Tech Stocks Are Now Worth More Than The Entire European Stock Market August 29, 2020 Ekemini The dominance of major U.S. tech stocks in recent years has pushed the sector past another milestone as it is now more valuable than the entire European stock market, according…
Local Nigeria: Why FG Shifted Resumption Of International Flights By One Week August 28, 2020 Ekemini The Federal Government has shifted the opening date of international flights in the country by a week due to logistics problems. The earlier date announced for the restart of the…
Business Pretzel-Maker Utz Readies For Market Debut After Gaining Share During The Pandemic August 28, 2020 Ekemini Utz Quality Foods gained market share as consumers stockpiled its pretzels and potato chips for quarantine snacks at the start of coronavirus lockdowns, helped by its direct-store delivery model. “Our…
World Preparing For New Normal August 28, 2020 Ekemini Globally, airports are presumed to be the point of contact and spread of the coronavirus pandemic. This is because people who contracted the virus were those who largely travelled by…
World Qatar Airways Refunds $1.2bn To Customers August 28, 2020 Ekemini Qatar Airways said it has paid out over $1.2 billion in refunds to almost 600,000 passengers since March. This, it stated was in demonstration of its commitment to honouring its…
Local Nigeria Naira Eases 1.3% After Plans To Sell FX To Currency Operators August 28, 2020 Ekemini The Nigerian naira eased 1.3% against the U.S. dollar on the official market on Friday, a day after the central bank said it planned to resume forex sales to retail…
Technology Apple Rejects Facebook App That Tells Users That Apple Takes 30% Cut Of In-App Purchases August 28, 2020 Ekemini Apple rejected one of Facebook’s new app updates, according to Reuters. The app tried to inform users that Apple collects 30% of in-app purchases from a new online events feature.…
World MGM Resorts Lays Off 18,000 Previously Furloughed Employees August 28, 2020 Ekemini MGM Resorts International said Friday it is sending separation letters to 18,000 previously furloughed employees throughout the United States, making their job cuts permanent for now. MGM’s Empire City remains…
Technology TikTok Interim CEO: We Already Have Synergies With Walmart In E-Commerce August 28, 2020 Ekemini Though many saw Walmart as an unusual potential buyer for TikTok, the social media app’s interim CEO Vanessa Pappas said the two companies already have a common interest. “For us,…
Investing S&P 500′s Stunning Summer Rally Points To Best August Since 1986 August 28, 2020 Ekemini It’s been a great August, up 6% for the S&P 500, the best August since 1986. But then again, it was a great July. And a great June. May was…
Investing These Stocks Will Gain The Most When There’s A Vaccine Breakthrough August 28, 2020 Ekemini Stifel analysts have for weeks fielded calls from clients all wondering the same thing: “Which stocks should I own if I expect a Covid-19 breakthrough?” The brokerage feels that almost…
Investing Morgan Stanley Downgrades Penn National And DraftKings After Big Runs For Both Stocks August 28, 2020 Ekemini It’s time for investors to cash in some of their chips on two gambling stocks, according to Morgan Stanley. The firm downgraded DraftKings and Penn National Gaming to equal weight…
World United Kingdom Moves To Confiscate £117m Properties Linked To Former Delta Governor, Ibori August 28, 2020 Ekemini The United Kingdom has moved to confiscate proceeds of loot in the £117m worth of properties linked to James Ibori, former governor of Delta State, as he appeared in court…
Business Africa’s Richest Man Has Lost Over $100 Million Of His Net Worth In Less Than 2 Months August 28, 2020 Ekemini In less than 2 months, Africa’s richest man, Aliko Dangote has lost more than $100 million of his net worth. Dangote’s fortune dropped by 0.8% to $12.3 billion from the…
Banking Business Banks Eye Layoffs As Short-Term Crisis Ends, Long-Term Costs Emerge August 28, 2020 Ekemini At the height of the coronavirus pandemic last spring, the heads of U.S. banks including Morgan Stanley, Bank of America Corp and others pledged not to cut any jobs in…
Technology Apple And Tesla Split Their Shares, But Does It Matter? August 28, 2020 Ekemini Shares of Apple Inc (AAPL.O) and Tesla Inc (TSLA.O) will be less costly on Monday as pre-announced stock splits take effect, in theory making them more accessible to retail investors,…
Local Nigeria Faces Severe Stagflation As GDP Declines, Unemployment And Inflation Rise August 27, 2020 Ekemini 1. The Nigerian economy contracted by -6.1% in the second quarter of 2020. This represents the highest quarterly decline since the first quarter of 2004 (-7.6%). The contraction in GDP…
Investing Abbott Labs Jumps As Wall Street Says New Rapid Test May Be ‘Game Changer’ August 27, 2020 Ekemini Shares of Abbott Laboratories soared on Thursday after the company gained emergency authorization for a cheap, rapid Covid-19 test that Wall Street analysts are praising. The company announced on Wednesday…
Technology Klarna, Europe’s $5.5 Billion Fintech, Sees Losses Rise Sevenfold In The First Half August 27, 2020 Ekemini Swedish online payments firm Klarna reported a ballooning net loss in the first half of 2020, as the company invested in an international expansion drive and set aside reserves to…
World Moderna Says Its Coronavirus Vaccine Shows Promising Results In Small Trial Of Elderly Patients August 27, 2020 Ekemini Moderna’s potential coronavirus vaccine generated a promising immune response in elderly patients in an early stage clinical trial, the biotech firm announced Wednesday. The company tested its vaccine on 10…
Technology Facebook Removes Kenosha Militia Page Following Deadly Shooting August 27, 2020 Ekemini Facebook on Wednesday said it removed the Facebook page and for a militia group in Kenosha, Wisconsin, after a gunman killed two people Tuesday night during protests over the police…
Technology Amazon Unveils Halo To Battle Apple Watch And Fitbit — Tracks Activity, Body Fat, Emotions August 27, 2020 Ekemini Amazon is entering the wearables market in a big way. The company on Thursday introduced a wristband for health and fitness tracking called Halo, alongside a subscription service and smartphone…
World GOP Set To Propose Smaller Coronavirus Stimulus Bill August 27, 2020 Ekemini Republicans are working on a more narrow coronavirus stimulus bill that they could release to members of Congress as soon as this week, two senior administration officials and three people…
World Powell Announces New Fed Approach To Inflation That Could Keep Rates Lower For Longer August 27, 2020 Ekemini The Federal Reserve announced a major policy shift Thursday, saying that it is willing to allow inflation to run hotter than normal in order to support the labor market and…
Business World Trump Says He Saved 51 Million Jobs In Pandemic. Economists, U.S. Officials Say Otherwise August 27, 2020 Ekemini Standing before half a dozen American flags during a press conference at his country club in Bedminster, New Jersey, President Donald Trump heralded what has become a central plank of…
