Fitch Downgrades Argentina To Restricted Default After 9th Default On External Debt
Argentina’s ninth default on its external debt is now official after some of its bonds were cut to default status…
Year: 2020
Nigeria: Kaduna Extends Lockdown By Two Weeks
The Kaduna State Government has extended the lockdown in the state by another two weeks. The two weeks lockdown would…
German Consumer Confidence Improves Slightly After COVID-19 Shock
German consumer confidence recovered some of the ground lost due the coronavirus shock but it remains deep in negative territory…
Saudi Arabia To End COVID-19 Curfew Next Month
Saudi Arabia said Tuesday it will end its nationwide coronavirus curfew from June 21, except in the holy city of…
Warner Music Group Says It Is Now Worth $13.2bn
Warner Music Group (WMG), the record label of Ed Sheeran and Bruno Mars, estimates it is worth up to $13.2bn…
‘Stay At Home’ Tech Stocks Fall As Some Pandemic Lockdowns End
Stocks that seemed resilient to the Covid-19 pandemic faced pressure Tuesday, as investors rallied around a potential coronavirus vaccine and…
French Carmaker Renault To Cut 5,000 Jobs By 2024
French carmaker Renault (RENA.PA) is about to announce plans to cut 5,000 jobs by 2024 in its drive to save…
White Woman Fired From Job After Calling Cops Over Black Man
Denouncing “racism of any kind,” a global investment firm has fired a white woman after a viral video showed her…
Apple To Reopen About 100 More Stores In The U.S. This Week
Apple plans to open approximately 100 stores in the United States this week, a company representative told CNBC. In total,…
Gold Falls 1% As Recovery Optimism Bolsters Risk Appetite
Gold fell more than 1% on Tuesday as major economies further eased coronavirus-led restrictions, fuelling hopes of economic recovery and…
John Lewis Plans Phased Reopening Of Stores
John Lewis is planning a phased reopening of its stores, using lessons it has learned on social distancing from the…
New York Stock Exchange Trading Floor Reopens
The New York Stock Exchange (NYSE) has re-opened its trading floor after a two-month closure due to the coronavirus pandemic.…
McLaren To Lay Off 25% Of Its Workforce As Coronavirus Halts Demand
The McLaren Group, which owns the Formula 1 team and supercar maker, has announced plans to lay off 1,200 staff,…
Macy’s Announces $1 Billion Bond Offering To Repay Credit Facility
Macy’s Inc (M.N) said on Tuesday it planned to raise $1.1 billion in a bond offering, backed by a first…
Nigeria: Stock Market Gains N700bn Following Gains From Blue-Chip Stocks
Trading activities on the floor of the Nigerian Stock Exchange closed bullish last week following gains recorded by most blue-chip…
Germany Eyes Lifting Borders Curbs With 31 Countries Including The UK
Chancellor Angela Merkel’s government issued an unprecedented worldwide travel warning to Germans on 17 March – and now they’re seeking…
U.S. Stock Futures Rise 2% to 3,012 Points
U.S. stock futures rose 2% on Tuesday and breached a major chart barrier as investors brushed aside China-U.S. trade tension…
World Shares Reach 10-Week High, S&P 500 Eyeing 3000
World shares forged ahead on Tuesday and commodity markets drove higher as well, as investors disregarded Sino-U.S. tensions to focus…
OECD Countries Log Worst Quarterly Contraction In GDP Since The Financial Crisis
Gross domestic product (GDP) across OECD countries fell by 1.8% in the first quarter of 2020 as Covid-19 containment measures…
Nigeria: Economy Ends Q1 Strong Despite Pandemic — Expands By 1.87%
Nigeria’s gross domestic product (GDP) expanded by 1.87% in the first quarter of 2020, a new report by the National…
All Non—Essential Shops To Reopen From 15 June — Boris Johnson
All non-essential retailers will be able to reopen in England from 15 June, Boris Johnson has announced, as part of…
China And India Have Fueled Global Growth For Years. That Engine Has Stalled
Since the Great Recession following the 2008 financial crisis, China and India have powered much of the world’s economic growth.…
China Becomes Large Shareholder In Norwegian Air Shuttle
Aircraft leasing company BOC Aviation, controlled by the Chinese state, has become a major shareholder in Norwegian Air Shuttle as…
Nigeria: Lagos Reduces 2020 Budget By 21%
The Lagos State government has commenced a downward review of the year 2020 budget as a result of the negative…
Nigeria’s Economy Slows By -0.68% In First Quarter Of 2020 – NBS
Nigeria’s economy witnessed a slow-paced growth of -0.68% in the first quarter of 2020 as the country’s Gross Domestic Product…
Dominic Cummings Refuses To Resign Or Apologise For Lockdown Breach
The crisis that has engulfed the government over Dominic Cummings’ conduct continued to rage unabated after an unprecedented press conference…
Sir Richard Branson’s Virgin Orbit Rocket Fails On Debut Flight
Sir Richard Branson’s Virgin Orbit company has tried unsuccessfully to launch a rocket over the Pacific Ocean. The booster was…
Dow Jones Futures Jump On Memorial Day
Dow Jones futures rose solidly Monday afternoon, along with S&P 500 futures and Nasdaq futures, with U.S. markets closed for…
Nissan, Renault Set To Announce Massive Cuts
The alliance of Renault SA and Nissan Motor Co. is set to disclose billions of dollars in cost cuts this…
Coronavirus: Spain To Stop Quarantining Arrivals From 1 July
Foreign visitors to Spain will no longer have to undergo a two-week quarantine from 1 July, the government has announced.…