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