Business Siemens Gamesa Confident Of Return To Profitability But Shares Slide August 27, 2020 Ekemini Wind turbine maker Siemens Gamesa (SGREN.MC) said its profit margins are set to rebound after a slump exacerbated by the pandemic and its onshore unit should break even in 2022,…
World U.S., China Trade Jibes As Military Tensions Worsen August 27, 2020 Ekemini The United States and China traded jibes as military tensions grow between the world’s two largest economies, with the U.S. defence chief vowing not to “cede an inch” in the…
World From Golden Age To War And Ruin: Lebanon In Turmoil As It Hits 100 August 27, 2020 Ekemini Looking back on his childhood in the newly declared state of Lebanon nearly a century ago, Salah Tizani says the country was set on course for calamity from the start…
World Putin says Russia has set up ‘reserve police force’ to help Belarus leader if needed August 27, 2020 Ekemini Russian President Vladimir Putin said on Thursday the Kremlin had set up a “reserve police force” to support Belarusian leader Alexander Lukashenko, although it would not be deployed unless unrest…
Business U.S. energy firms tally hurricane damage, plot restarts as Laura races north August 27, 2020 Ekemini U.S. energy companies on Thursday were organizing crews and beginning to review offshore Gulf of Mexico platforms and assess damage to coastal operations as Hurricane Laura took its fierce winds…
Technology Salesforce Cuts About 1,000 Jobs Even As Stock Has Record One-Day Surge August 27, 2020 Ekemini Salesforce is cutting about 1,000 jobs, or close to 2% of its workforce, after a blowout earnings report pushed the stock up 26% to a record valuation on Wednesday. “We’re…
World Sens. Warren, Smith Press Major Labs Over Coronavirus Testing Delays As Flu Season Approaches August 27, 2020 Ekemini Sens. Elizabeth Warren and Tina Smith pressed five of the nation’s largest testing labs over delays in processing coronavirus tests as the flu season approaches. Labs across the country have…
Technology Walmart Is Teaming Up With Microsoft On TikTok Bid August 27, 2020 Ekemini Walmart said it’s teaming up with Microsoft in a bid for TikTok. The retail giant confirmed to CNBC that it’s interested in buying the tech company. Walmart shares are up…
Investing Cramer Says He Would ‘Buy Any Airline Stock’ After Abbott announces New Rapid Coronavirus Test August 27, 2020 Ekemini The new rapid test for Covid-19 from Abbott Laboratories could be the development that sparks a turnaround for the travel industry, CNBC’s Jim Cramer said Thursday. The medical device company…
Investing Goldman Hikes Peloton’s Target To Street High, Says Growth Is Undervalued In The Stay-At-Home Name August 27, 2020 Ekemini Wall Street is underestimating high flying fitness stock Peloton’s growth potential even after rallying nearly 140% this year, according to Goldman Sachs. The Wall Street firm — which has a…
Business Hudson Yards Developer Says Related Is Collecting 50% Of Rents On New York City Malls August 27, 2020 Ekemini Look no further than one of the biggest commercial real estate developers in New York City to see how the retail and office industries are being impacted by the coronavirus…
Technology TikTok Likely To Announce Sale Of U.S. Operations In The Coming Days; Walmart Has Expressed Interest August 27, 2020 Ekemini TikTok is nearing a deal to sell its U.S. operations and could announce a deal in the coming days, according to people familiar with the matter. Kevin Mayer, TikTok’s CEO,…
Business Wall Street Opens Higher As Fed Targets 2% Average Inflation August 27, 2020 Ekemini U.S. stocks opened higher on Thursday as Federal Reserve Chair Jerome Powell rolled out an aggressive new strategy to restore the United States to full employment and lift inflation back…
Business For U.S. Reopening, Labor Market Wound Is Healing Slowly August 27, 2020 Ekemini Small business staffing, shifts worked at industries and job openings posted by companies continued a sluggish performance over the past week, evidence that the pandemic’s core wound to the U.S.…
World Routine Cleaning And Disinfecting Leaves No Trace Of Coronavirus On Surfaces In Hospital Clinic, Study Finds August 27, 2020 Ekemini A new study that tested multiple surfaces of a New Jersey oncology unit found no traces of the coronavirus, suggesting that strict cleaning and disinfecting protocols helped limit the virus’…
Local Nigeria: FSDH Predicts Continued Sluggish Economic Activities In 2020 August 27, 2020 Ekemini Analysts at FSDH Merchant Limited have anticipated that the sluggish economic performance recorded in the second quarter of the year will continue for the rest of the year. This, the…
Local Nigeria’s Q2 GDP Decline Better Than Forecast August 27, 2020 Ekemini The Presidency has said that the 2nd Quarter (Q2) 2020 Gross domestic product (GDP) estimates, which measures economic growth, published by the National Bureau of Statistics (NBS) published on Monday…
Business Local Nigeria’s Forex Devaluation Timeline – 2020 August 27, 2020 Ekemini Speculations started March 12 that the naira might be devalued. This is a timeline of every decision taken since the first devaluation. Since the first quarter of the year, Nigeria…
Business Dollar Sags As Investors Brace For Dovish Fed Signals August 27, 2020 Ekemini The dollar wallowed near its lowest level for the week on Thursday as investors looked for hints from Federal Reserve Chairman Jerome Powell that the central bank might tweak its…
Local Nigeria Approves Auditors For Delta Region Development Agency Probe August 27, 2020 Ekemini Nigeria’s government has approved auditors led by Ernst & Young to examine the finances of a government organisation set up in 2000 to develop the oil-rich but poor Niger Delta…
World 30 States Have Been Approved To Offer An Extra $300 A Week In Federal Unemployment Benefits August 27, 2020 Ekemini Unemployed workers may soon get a bump of $300 or more in their weekly jobless benefits. What’s more, it seems they won’t have to apply for that extra pay —…
Local Cash Transfer: Nigerian Govt Warns Facilitators August 26, 2020 Ekemini The federal government has warned facilitators of Conditional Cash Transfer (CCT) programme to shun corrupt tendencies. Kola Solomon, National Training Officer of the National Transfer Unit Programme, gave the warning…
Local Ghana: Nigeria Shut Borders Without Notice… Why Have Economic Community If We Can’t Trade? August 26, 2020 Ekemini Shirley Ayorkor Botchwey, Ghana’s foreign affairs minister, has retaliated comments made by Geoffery Onyeama, her Nigerian counterpart, about trade restrictions. In a series of tweets, Botchwey said what is the…
Local Nigerian Students In Northern Cyprus Disagree With Dabiri-Erewa On Safety August 26, 2020 Ekemini Nigerian students in the Turkish Republic of Northern Cyprus (TRNC) have faulted the statement by the Chairman of the Nigerians in Diaspora Commission (NiDCOM), Abike Dabiri-Erewa, urging parents to stop…
Local OECD: ‘Unprecedented’ Economic Collapse For Developed Nations August 26, 2020 Ekemini The economic damage done to developed nations by the COVID-19 crisis has far eclipsed the damage done by the financial crisis, the Organisation for Economic Co-operation and Development (OECD) said…
Africa Local EY Advocates Reshaping Of Tax Agenda For Nigeria, Other African Countries August 26, 2020 Ekemini Ernst & Young, EY has explained the need for Nigeria and other African countries to reshape its tax agenda in view of the coronavirus, COVID-19 pandemic. To this development, EY…
World Coronavirus Concerns Fall And Trump Approval Ticks Higher In Swing States, CNBC/Change Research Poll Finds August 26, 2020 Ekemini Voters’ concerns about the coronavirus have fallen and President Donald Trump’s approval rating has ticked higher in six swing states over the last two weeks, according to a new CNBC/Change…
Business Euro Zone Economy Growing According To ECB’s Baseline August 26, 2020 Ekemini The euro zone economy is growing in line with the path the European Central Bank projected in June, and the bank’s bond purchase scheme to help tackle the pandemic emergency…
World CDC Quietly Revises Coronavirus Guidance To Downplay Importance Of Testing For Asymptomatic People August 26, 2020 Ekemini The Centers for Disease Control and Prevention is no longer recommending testing for everyone who’s been exposed to Covid-19, saying people who don’t have symptoms “do not necessarily need a…
Business Forex Non-Repatriation: CBN Orders Banks To Submit Details Of Defaulting Exporters August 26, 2020 Ekemini Central Bank of Nigeria (CBN) has directed banks to submit the names, addresses and Bank Verification Numbers (BVN) of exporters that have defaulted in repatriating their exports proceeds. The Governor,…
