Coca-Cola Pauses Advertising On All Social Media Platforms Globally
Coca-Cola on Friday announced it will be pausing paid advertising on all social media platforms globally for at least 30…
Year: 2020
European Markets Close Lower Amid Coronavirus Fears; Wirecard Down 63%
The pan-European Stoxx 600 closed 0.4% lower, with most sectors and major bourses in negative territory. Markets had advanced as much…
Trump’s Spending For Border Wall Rejected By U.S. Appeals Court
A federal appeals court on Friday said U.S. President Donald Trump was wrong to divert $2.5 billion meant for the…
Nigeria: Air Peace Flies 25 Airplanes To Different Parts Of The Country In Readiness For Flight Resumption
An indigenous airline, Air Peace, on Thursday announced that it flew all 25 aircraft in its fleet on June 24…
House Approves Washington, D.C., Statehood In Historic Vote
Four decades after launching its drive for U.S. statehood, Washington, D.C., was poised to take a step toward becoming the…
Zuckerberg Says Facebook Will Prohibit Hate Speech In Its Ad
Facebook CEO Mark Zuckerberg on Friday said the company will change its policies to prohibit hate speech in its advertisements.…
Unilever Pauses Facebook And Twitter Advertising For Rest Of 2020
Unilever, whose brands include Dove, Ben & Jerry’s and Hellmann’s, said Friday it will halt advertising on Facebook, Instagram and…
Nike CEO Says Layoffs Are Coming
On the same day of Nike’s dismal earnings, CEO John Donahoe sent an email to employees warning them that layoffs are coming.…
Microsoft Is Permanently Closing Its Retail Stores
on Friday announced it will permanently close its Microsoft Store retail locations. It will instead focus on its online store…
Britain’s Lockdown Drives Tesco’ Sales And Costs Higher
Tesco, Britain’s biggest retailer, said underlying UK sales rose 8.7% year-on-year in its first quarter to May 30, boosted by…
European Markets Open Higher Despite Virus Fears
European markets are set to open higher on Friday morning despite surging coronavirus cases in the U.S. and further warnings…
Apple Will Re-Close 14 Stores In Florida Because Of Rising Covid-19 Rates
Apple will re-close 14 stores in Florida as Covid-19 cases rise in the state, the company said on Thursday. The stores…
Judge Rejects Trump Family Attempt To Block Publication Of Niece Mary Trump’s Tell-All Book
A New York judge on Thursday rejected on jurisdictional grounds a legal effort by President Donald Trump’s brother to halt…
Verizon Is Also Pulling Advertising From Facebook And Instagram
Verizon said on Thursday it is pulling advertising on Facebook until the company “can create an acceptable solution that makes…
Nike Reports Unexpected Loss As Sales Tumble 38%, Shares Fall
Even Nike, often lauded as one of the strongest global brands in the retail industry, is taking a hit from the…
Nigeria: NNPC Posts N9.53bn Operational Loss For March
The Nigerian National Petroleum Corporation on Wednesday announced a trading deficit of N9.53bn for March 2020, which stood out as…
The U.S. Government Sent $1.4 Billion In Stimulus Checks To Deceased Individuals
The federal government has sent stimulus checks of up to $1,200 to millions of Americans — including deceased individuals. A new…
Germany, France Increase Political And Financial Aid To WHO
France and Germany expressed political and financial backing for the World Health Organization in its fight against the coronavirus on…
IMF Cuts Nigeria’s GDP Forecast, Says Economy Will Shrink By 5.4%
The International Monetary Fund has downgraded Nigeria’s 2020 growth projection, saying the economy will shrink by 5.4 per cent. The…
Macy’s To Slash 3,900 Corporate Job iIn Restructuring
Macy’s announced Thursday it is laying off 3,900 corporate jobs in a move to cut costs as its business has…
Nigeria Faces Worst Recession In 40 Years – World Bank
The collapse in crude oil prices, coupled with the COVID-19 pandemic, is expected to “plunge the Nigerian economy into a…
Wirecard Files For Insolvency, Becoming First DAX Member To Fail
Wirecard said on Thursday it was filing for insolvency after disclosing a $2.1 billion financial hole in its accounts, becoming…
JC Penney To close 13 More Stores
J.C. Penney is set to close 13 more stores this summer as it works toward restructuring its business in bankruptcy…
South Africa’s Budget Deficit To Widen To 14.6% Of GDP
South Africa’s budget deficit is projected to widen sharply while debt is seen ballooning significantly, the Treasury said on Wednesday, as the…
Nigeria’s Fiscal Crisis Due To Low Revenue – IMF
The International Monetary Fund has said Nigeria’s major fiscal challenge is its “very low revenue” and not so much of…
We’ll Steer Nigeria Away From Recession , Says CBN
The Central Bank of Nigeria on Wednesday said it would not be deterred in its effort to steer the Nigerian…
U.S. Doubles Bounty On ISIS Leader To $10 Million
Secretary of State Mike Pompeo announced Wednesday that the United States has doubled the bounty for the new ISIS leader…
California Wants Judge To Classify Uber, Lyft Drivers As Employees
California plans to ask a state court judge to force Uber Technologies Inc and Lyft Inc to classify their ride-hail…
Amazon Launches Cloud Service To Help Non-Coders Build Apps
Amazon cloud unit on Wednesday announced the introduction of Honeycode, a service that non-coders can use to write applications. The…
IMF Slashes Its Forecasts For The Global Economy And Warns Of Soaring Debt Levels
The International Monetary Fund slashed its economic forecasts once again on Wednesday and warned that public finances will deteriorate significantly as…