Business World OPEC Meets To Review Compliance With Oil Cuts August 19, 2020 Ekemini OPEC oil producers and allies such as Russia, a grouping dubbed OPEC+, meets on Wednesday to review compliance with oil cuts meant to support oil prices amid the coronavirus pandemic.…
Business Inflation In Canada Unexpectedly Falls Back to Near Zero August 19, 2020 Ekemini The consumer price index increased only 0.1% from the same month a year earlier, Statistics Canada reported Wednesday from Ottawa. That’s a reversal from last month when inflation turned positive…
World EU To Impose Sanctions On Belarusian Officials For Election Fraud, Calls For A New Vote August 19, 2020 Ekemini The European Union announced plans to impose sanctions on Belarusian officials on Wednesday, with leaders of the 27 heads of state in agreement a new vote would be required following…
Business Apple’s $2trn Value Higher Than GDP Of 48 African Countries — Including Nigeria, S’Africa August 19, 2020 Ekemini Apple has become the first American company to be valued at $2 trillion. The company crossed the $2 trillion dollar mark on Wednesday after being the first in the world…
Technology Exclusive: GM Bets On Electric Cadillacs And Micro-Vans To Reverse China Slide August 19, 2020 Ekemini General Motors (GM.N) is overhauling its Chinese line-up with a greater emphasis on electric cars and smart-driving technology to stem a slide in sales after more than two decades of…
Local World Nigerian Embassy In Canada Shuts Down After ‘Attack’ On Staff August 19, 2020 Ekemini The Nigerian High Commission in Ottawa, Canada has announced an indefinite suspension of its activities. In a statement posted on its website, the commission also said the special intervention arrangement…
Business Technology World Uber And Lyft Competitors Ready To Pounce If Service Is Suspended In California August 19, 2020 Ekemini Ride-hailing competitors to Uber and Lyft are already preparing to seize the moment if the industry leaders decide to pull their service in California while fighting a new labor law.…
Business Target Reports A Monster Quarter — Profits Jump 80%, Same-Store Sales Set Record August 19, 2020 Ekemini Target on Wednesday blew past every forecast on Wall Street for its fiscal second quarter as it attracted millions of new customers online, setting a record for same-store sales that…
Technology Apple Tops $2 Trillion In Market Value August 19, 2020 Ekemini Apple Inc (AAPL.O) became the first publicly listed U.S. company with a $2 trillion stock market value on Wednesday, as Wall Street investors put aside challenges to its iPhone ecosystem…
Local Nigeria: Unilag Is Bigger Than Anyone August 19, 2020 Ekemini The Ag. Vice-Chancellor, University of Lagos (UNILAG), Prof. Theophilus Omololu Soyombo got a rousing welcome from workers of the University, mostly non-academic staff as he made a grand entry into…
Technology Elon Musk’s SpaceX Raises $1.9 Billion In Funding August 19, 2020 Ekemini Billionaire Elon Musk’s SpaceX has raised $1.9 billion in new funding, according to a regulatory filing bit.ly/3178nk3 on Tuesday. would be the largest single fundraising round to date by SpaceX,…
Business No New U.S.-China Trade Talks Scheduled: White House Chief Of Staff August 19, 2020 Ekemini No new high-level trade talks have been scheduled between the United States and China but the two sides remain in touch about implementing a Phase 1 deal, White House Chief…
Local Nigeria: Corruption – ‘Magu Boys’ Caught On Tape Demanding N75m Bribe August 19, 2020 Ekemini A businessman has played a tape recording before the Justice Ayo Salami-led presidential probe panel on how some operatives of Economic and Financial Crimes Commission (EFCC), popularly known as ‘Magu…
World Fed Faces A ‘Major Challenge’ In Making Its New Inflation Strategy Official August 19, 2020 Ekemini The U.S. central bank will be faced with a delicate balancing act if it opts to embrace a more relaxed view on inflation, according to a former governor of the…
Business Target CEO Credits Canceled Vacations, Not Stimulus Checks, For Blowout Quarter August 19, 2020 Ekemini Target CEO Brian Cornell said he’d like to see Congress strike a stimulus deal, but he credited closed movie theaters and canceled summer vacations for driving spending during the retailer’s…
Business GM Says Over 40% Of New China Launches In Next Five Years Will Be EVs August 19, 2020 Ekemini General Motors Co (GM.N) is planning an electric car offensive in China with more than 40% of its new launches in the country over the next five years set to…
World Exclusive: FANCL Asia Owner Launches Sale That Could Fetch $1 Billion August 19, 2020 Ekemini U.S. Postmaster General Louis DeJoy is set to announce later on Tuesday that he will suspend all operational reforms and initiatives until after the November presidential election, according to a…
Local COVID-19: States Demand Release Of N67.2bn Grant August 19, 2020 Ekemini Following the continued dwindling of their economic fortunes as a result of COVID-19 pandemic, states have urged the Federal Government to urgently release the about N67.2 billion support fund it…
Business Jeff Bezos Ends Day With An All-Time High Net Worth Of $197.8 Billion August 19, 2020 Ekemini Jeff Bezos, founder and CEO of Amazon, ended Tuesday with a record net worth of $197.8 billion, the highest fortune Forbes has recorded in nearly four decades of tracking billionaires.…
Technology Why Oracle’s Bid For TikTok Might Not Be As Crazy As It Sounds August 18, 2020 Ekemini Oracle’s bid to acquire TikTok’s U.S. business might not be as bizarre as it initially sounds, analysts told CNBC Tuesday. The enterprise software giant is said to be working with…
Business Currency Markets Warn of Turbulence Ahead August 18, 2020 Ekemini The U.S. dollar is driving a wedge between volatility expectations for global currencies and U.S. stocks. The greenback’s plunge last month jolted currencies so profoundly that a gauge of expected…
Banking Business Local Nigeria: Foreign Reserves Fall By $544.94m In Six Weeks August 18, 2020 Ekemini The country’s foreign reserves fell by $544.94m from $36.17bn on July 1 to $35.62bn on August 13, the latest figures from the Central Bank of Nigeria have shown. The CBN…
Local Nigeria: Over 60 Nigerians Return From Lebanon As Migrant Worker Conditions Worsen August 18, 2020 Ekemini On Sunday (16 August), 68 Nigerian women stranded in Lebanon returned home safely on a charter flight organized by the Federal Government of Nigeria arriving at the Nnamdi Azikiwe International…
Business A Dow Buy Signal Says Warren Buffett’s Gold Stake Came Too Late For The Precious Metal August 18, 2020 Ekemini Gold had its best day since April on Monday, but market history says it may be time to bet against the precious metal. A surprising development helped to propel gold…
Technology Trump Makes Another Attempt To Blame Amazon For Post Office Problems August 18, 2020 Ekemini President Donald Trump on Monday repeated his belief that Amazon is to blame for the U.S. Postal Service’s demise. “Amazon and other companies like it, they come and they drop…
Business Walmart Posts Biggest Growth In Online Sales August 18, 2020 Ekemini Walmart Inc (WMT.N) posted its biggest-ever growth in online sales on Tuesday as shoppers placed orders for everything from electronics and toys to groceries from the safety of their homes…
Business U.S. Treasury Yields Edge Lower As Investors Await Economic Data, Auctions August 18, 2020 Ekemini U.S. government debt prices were higher on Tuesday morning, as investors monitored a fresh batch of economic data and Treasury auctions. TREASURYS TICKER COMPANY YIELD CHANGE %CHANGE US3M U.S. 3…
Business India’s Gold Market Plunged In The First Half. Here’s How The Second Half Looks August 18, 2020 Ekemini Recovery in India’s gold market remains uncertain in the second half of the year, dampened by factors including record high prices for the metal, the World Gold Council told CNBC.…
Business Kohl’s Posts Smaller-Than-Expected Loss, Shares Rise August 18, 2020 Ekemini Kohl’s Corp (KSS.N) posted a smaller-than-expected quarterly loss on Tuesday, as the department-store chain reopened most of its stores that were shuttered for weeks to curb the spread of the…
Business Walmart Beats On Profit, Posts Record Online Sales On Pandemic Boost August 18, 2020 Ekemini Walmart Inc (WMT.N) posted its biggest-ever growth in online sales on Tuesday as shoppers cashed in stimulus checks and ordered everything from electronics and toys to groceries from the safety…
