Microsoft Wants To Take On Amazon In Connecting Satellites To The Cloud
Microsoft is looking to challenge Amazon in offering a service that connects satellites directly to the company’s cloud computing network,…
Day: September 11, 2020
Lagarde Retreats From Currency War, Accepting Deflation As The Euro Spirals Higher
The European Central Bank has dashed hopes of fresh stimulus to buttress the faltering recovery and to restrain the surging…
Nigeria’s Gasoline Price Deregulation Seen Hitting European Refiners
The demand-side impact of Nigeria’s decision to fully deregulate retail gasoline prices this week may be modest in the near…
Forex Ban: Nigerians Should Not Be Punished For CBN’s Failure To Protect Naira – Adamu
A senior lecturer in the Department of Economics, University of Abuja, Dr Ahmed Adamu, has said that the timing of…
Nigeria Issues Travel Protocol For China, America, Europe-Bound Passengers
The Comptroller-General of Nigeria Immigration Service, Muhammad Babandede, has directed that all intending passengers to China are to obtain COVID-19…
Former Central Bank Official: Japan Should Take A Digital Yen Seriously
Japan is in no rush to digitize the yen but there are reasons the country should think seriously about a…
Dr. Scott Gottlieb Blames Early Virus Testing Failures For Making March Lockdown The Only Choice
The lack of widespread coronavirus testing early in the outbreak in the U.S. will be remembered as the nation’s biggest…
European Markets Close Slightly Higher With Brexit Standoff In Focus; Altice Europe Up 24%
European markets closed slightly higher on Friday as investors monitored tense negotiations between the U.K. and the European Union. TICKER…
Fraternities Blamed For Campus Coronavirus Outbreaks As Universities Struggle To Keep Students In Class
Climbing Covid-19 cases among university students living in fraternity and sorority houses in the U.S. have threatened to overturn carefully…
Facebook Takes Legal Action After Irish Regulator Threatens To Clamp Down On Transatlantic Data Transfers
LONDON — Facebook on Friday launched legal action against Ireland’s data regulator, in an attempt to halt a preliminary order…
JPMorgan Creates New Team To Trade Shares Of Pre-IPO Giants Including SpaceX, Robinhood And Airbnb
JPMorgan Chase thinks it’s found the next hot market for investors: Taking stakes in giant, pre-IPO start-ups from SpaceX to…
Joe Biden And Mike Pence Meet And Elbow Bump At 9/11 Memorial At Ground Zero In New York City, Reflecting Coronavirus Concern
Vice President Mike Pence and former Vice President Joe Biden greeted each other with an elbow bump Friday at the…
Samsung’s Latest $2,000 Folding Phone Actually Works This Time
Samsung bets that the future of phones looks a lot like this: You carry a device in your pocket that…
Stocks Making The Biggest Moves Midday: Peloton, Oracle, Nikola, Domino’s & More
Peloton — The exercise equipment maker’s stock jumped 2.5% after the company handily beat earnings expectations for the fourth quarter.…
Nigeria: Works Ongoing On Baro Port Access Road – Govt
The Ministry of Works and Housing has affirmed that three contractors are currently working on the access road of Baro…
Forex Ban On Food: MAN Warns Of Rising Inflation, Faults FG On Food Sufficiency
The President, Major General Muhammadu Buhari (retd.), on Thursday directed the Governor of the Central Bank of Nigeria, Godwin Emefiele,…
Naira Plunges, Exchanges For N440/$
The naira exchanged to the dollars for N440 in the parallel market on Thursday, despite the resumption of forex sales…
Over 40% Manufacturers Unable To Access Forex –MAN
The Manufacturers Association of Nigeria (MAN) has lamented that, despite inward looking foreign exchange (forex) stance of the Central Bank…
Sterling Bobs Above $1.28 After Worst Week Since March
The pound rose against the dollar on Friday, bobbing above the $1.28 mark after a week in which new Brexit…
Nigeria: Covid-19 – Govt Cautions Travellers Against Fake PCR Tests
The Federal Government, yesterday, lamented fake COVID-19 PCR tests in circulation, cautioning travellers against the use of same. It also…
Nigerians, Others Face Deportation, UAE Issues Nov Deadline
Nigerians and other foreigners in the United Arab Emirates whose resident visas had expired have till November 17 to leave…
Lower-For-Longer Rates From The Fed Point To A Weaker-For-Longer Dollar
The greenback has been on a slide since COVID-19 arrived in the United States, and a wonky change in the…
You Might Be Able To Rent A Peloton Bike One Day, CEO John Foley
After a blowout quarter, Peloton is considering ways to make its expensive, high-tech workout equipment more affordable and accessible to…
At Least 20 States Start Paying The Extra $300 Weekly Unemployment Benefit
At least 20 states have begun issuing a $300 weekly supplement to unemployment benefits, after a slow rollout that has…
Euro Firms As ECB Policymakers Calm Worries; Norwegian Crown Shoots Up
The euro rose slightly on Friday as traders noted European Central Bank policymakers’ calm approach to the euro’s recent appreciation,…
Naira Slumps Despite Resumption Of Forex Sales To BDCs
Despite resumption of forex sales to Bureau de Change operators, the Nigerian currency slumped in the parallel market Thursday. Checks…
Nigeria Blocks Dollar Access For Food And Fertilizer Imports
Nigerian President Muhammadu Buhari has ordered the central bank to stop providing foreign exchange for food and fertilizer imports as…
Nigeria Blacklists Airlines In Diplomatic Tit-For-Tat
In a tit-for-tat move, Nigeria is denying entry to carriers from countries that have imposed travel restrictions on its citizens.…
Nikola Shares Plunge More Than 10% Amid Dispute Over Short Seller’s Fraud Allegations
Nikola shares tumbled more than 10% on Friday after the electric vehicle company dismissed fraud allegations made in a report…
Trump Health Official Seema Verma Spent Millions In Taxpayer Funds To Boost ‘Personal Brand,’ Democrats Charge
Congressional Democrats are accusing a top health official in President Donald Trump’s administration of “extensive abuse” of millions of taxpayers’…