UPS To Offer Buyouts To Some Employees
United Parcel Service said on Thursday it was offering buyouts to some employees, as Chief Executive Carol Tomé aims to…
Month: September 2020
New York City Delays In-Person Earning For Middle And High School Students Until October
New York City’s public schools will adopt a phased reopening schedule to return students to the classroom, pushing back the…
European Markets Open Mixed With Coronavirus Spike, U.S. Tech In Focus
European stocks made a mixed start Friday as investors monitor a rise in coronavirus cases across the continent and the…
Coronavirus Live Updates: Israel Locks Down Again Ahead Of High Holidays; EU Strikes Vaccine Deal With Sanofi, GSK
Global cases of the coronavirus have now crossed 30 million, as new infection rates remain stubbornly high in some countries…
The 2020 Emmys Will Be An Awards Show Like No Other: ‘How Could It Possibly Go Wrong?’
The 72nd Emmy Awards will be an awards show like no other. As the first major entertainment industry awards ceremony…
Gold Firms On Economic Worries, Stimulus Hopes
Gold prices rose on Friday as gloomy U.S. jobs data cast a shadow over the economic outlook, and major central…
Dollar Steadies After Falling Overnight On Downbeat U.S. Data
The dollar was steady in early Asia trading on Friday after falling overnight as downbeat U.S. data cast a shadow…
House Democrats Question Findings Of Kodak’s Internal Review In Wake Of Botched Pharma Deal
House lawmakers on Thursday questioned the findings of the law firm hired by Kodak’s special committee to conduct an internal…
Hurricane Sally Moves Northeast As Florida, Alabama Neighborhoods Reckon With Destruction
Hurricane Sally moved northeast on Thursday after causing massive flooding and destruction on the U.S. Gulf Coast. The storm made…
Govt’ll Ensure Nigerian Traders In Ghana Get Justice, Osinbajo Assures
Vice President Yemi Osinbajo, SAN, has assured Nigerian traders in Ghana of justice in their running battle with the Ghanaian…
Inventories Hit N402 Billion Amid Weakened Purchasing Power, Forex Concerns
Despite struggling to access foreign exchange to secure raw materials, local manufacturers have decried the rising level of inventory, especially…
Petroleum Products Will Be Cheaper With Modular Refineries’
Information and Culture Minister Lai Mohammed has said the advent of modular refineries will lead to the production of cheaper…
Fake COVID-19 Certificates Bog Air Travel
Nigerians have expressed fears following confirmation by the Presidential Taskforce on COVID-19 on Tuesday that some incoming air travellers presented…
Federal Reserve Fed Holds Rates Steady Near Zero And Indicates It Will Stay There For Years
The Federal Reserve kept its pledge to keep interest rates anchored near zero and promised to keep rates there until…
Nigeria’s GDP Shrinks By 6.1% In Second Quarter
The Minister of Finance, Budget and National Planning, Dr Zainab Ahmed, has presented a report to the Federal Executive Council,…
Stranded NDDC ‘Scholars’ Hold Fresh Protest At Nigerian Embassy In UK
The students said their exclusion may have been to punish them for protesting against the delay in the release of…
Nigeria: NNPC Begins Rehabilitation Of Refineries
The Nigerian National Petroleum Corporation (NNPC) has audited the government’s ailing refineries and mobilised funds and technical resources to restore…
Economy Will Recover In Q1 2021, Says Minister
The Federal Government has predicted that the economy will rebound to positive territory in the first quarter (Q1) of 2021.…
Ethiopian Airlines Resume Flights From New Jersey To Abuja, Lagos
Africa’s largest airline, Ethiopian Airlines, has resumed passenger flights from New Jersey, United States, to Lagos and Abuja. Mr Million…
Survival Strategies Pushing Banks In Nigeria Away From Lending
The economic downturn in Nigeria is forcing the nation’s lenders to rewrite their business plans. A shortage of dollars and…
International Arrivals To Abu Dhabi Must Wear COVID-19 Tracking Device
International passengers arriving at Abu Dhabi airport will now have to wear a tracking device while they complete a mandatory…
Nigeria-Benin: Dangote Mediates Border Fight For Buhari And Talon
While the border between Benin and Nigeria has been closed since August 2019, Nigerian billionaire Aliko Dangote is acting as…
China Is Pushing Its Currency Into Africa Through Fintech Partnerships
On September 9, UnionPay International announced a partnership with Interswitch East Africa, the regional business of the Nigerian-based Interswitch Group. Under the partnership,…
Bank Of England Warns Of ‘Unusually Uncertain’ Outlook, Reveals Negative Rates Under Consideration –
Markets now pricing in negative rates in the UK sooner, strategist says LONDON – The Bank of England on Thursday…
CBN Okays N200b Housing Loan For Low Income Earners
The Central Bank of Nigeria (CBN) has announced N200 billion mortgage finance loan to Family Homes Fund (FHF). The fund…
Ford’s Making Its Electric F-150 A Serious Work Truck In Bid To Set It Apart From Tesla And GM Pickups
DETROIT – Ford Motor plans to differentiate its upcoming all-electric F-150 from expected pickups by Tesla and General Motors by…
Rent The Runway Overhauls Subscription Plan As Pandemic Reshapes Business
Rent the Runway is overhauling its membership plans, doing away with an unlimited rental option, as consumers change what they…
Moderna Says It Will Begin Developing A Vaccine For Seasonal Flu
Biotech firm Moderna said Thursday it will begin developing a vaccine for the influenza season. “We are announcing that we…
CBN Goes Tough, Probes Gaming Companies’ Alleged FX Infraction
Following its earlier decision to place the accounts of some gaming companies under post-no-debit (PND), the Central Bank of Nigeria…
Delta Increases Frequent Flyer-Backed Debt Sale To $9 Billion
Delta Air Lines is raising $9 billion in a massive debt sale backed by its frequent flyer program, the latest…