Europe Could Target Silicon Valley With Taxes To Help It Rebound From The Coronavirus-Fueled Recession
Tech giants could be forced to pay higher taxes in Europe as governments search for new revenue to deal with the…
Year: 2020
Gucci Bids Farewell To Fashion Week As Brand Goes Seasonless
Fashion week is over, according to Gucci. In a virtual press conference broadcast from his Rome studio, the label’s creative…
Lufthansa And German Government Agree $9.8 Billion Rescue Package
The German government and Lufthansa, which has been hit hard by the coronavirus pandemic, have reached a preliminary deal on…
Easing Europe Confident Of Avoiding Coronavirus Lockdown Sequel
While most European countries failed to contain the coronavirus outbreak when it reached them in February and March, Belgium and…
Virgin Orbit’s First Test Launch Postponed
Richard Branson’s Virgin Orbit postponed its first space launch Sunday due to a technical problem. The company said one sensor…
German Economy Enters Recession As GDP Falls 2.2%
The German economy posted its largest decline in output since the financial crisis in the first quarter and entered a…
Volkswagen Loses Landmark German ‘Dieselgate’ Case
Germany’s highest civil court has ruled that Volkswagen must pay compensation to a motorist who had bought one of its…
Trump Suspends Travel From Brazil As Coronavirus Pandemic Worsens In South America
President Donald Trump is suspending travel from Brazil to the U.S. as the coronavirus pandemic worsens in Latin America’s largest…
New Zealand PM Jacinda Ardern Broadcast On Live TV Interrupted By Earthquake
New Zealand prime minister Jacinda Ardern was broadcast reacting live on television during a 5.8 magnitude earthquake in Wellington on…
Jaguar Land Rover Furloughs Half Of Workforce
About 20,000 Jaguar Land Rover (JLR) workers – half of its staff – have been furloughed because of the pandemic.…
China Says Pursuit Of China Compensation Is A ‘Daydream’
The United States should stop wasting time in its fight against the coronavirus and work with China to combat it,…
Musk’s Rockets To Carry NASA Astronauts To International Space Station Wednesday For First Time
It all started with the dream of growing a rose on Mars. That vision, Elon Musk’s vision, morphed into a…
Entire Western Australia Coast To Be Battered By ‘Once-In-A-Decade’ Storm
A massive “once-in-a-decade” storm is expected to hit Australia’s entire west coast on Sunday and Monday, bringing potentially dangerous conditions…
China Said It Could Have Set GDP Growth Around 6% Had There Been No Coronavirus
Chinese President Xi Jinping said China’s annual economic growth target could have been set around 6% had the new coronavirus…
Coronavirus Patients Treated With Trump-Touted Hydroxychloroquine At Higher Risk Of Death, Study Says
Hospitalized Covid-19 patients treated with hydroxychloroquine, the malaria drug President Donald Trump says he’s taking to prevent the coronavirus, had a…
Elon Musk’s Crew Dragon Puts America Back In The Space Race
When American astronauts Bob Behnken and Doug Hurley arrive at the International Space Station this week, they will find an…
Spain Tightens Mask Rules For Those Older Than 5
Wearing masks is being made compulsory in Spain both indoors and out in public if social distancing is not possible.…
NBA In Talks With Disney About Resuming Season At ESPN Complex In July
The National Basketball Association is engaged in “exploratory conversations” with its media partner Walt Disney about resuming its season suspend…
Brazil Jumps Into No. 2 In Coronavirus Cases, Behind The U.S
Brazil became the world No. 2 hotspot for coronavirus cases on Friday, second only to the United States, after it…
Sudan Recovers $4 Billion of Assets From Ex-President Bashir
Sudan has confiscated assets valued at $4 billion from former President Omar al-Bashir, his family members and associates, the country’s…
Spain Readies For Return Of Football And Tourism
Spain will reopen its borders to tourists in July, and its top football division will kick off again in June,…
Coronavirus: Anti-Lockdown Car Protest In Spain Draws Thousands
Thousands of people in Spain are protesting against the government’s handling of the coronavirus outbreak. The far-right Vox party urged…
China Scraps Annual Economic Growth Target For First Time
China will not set an economic growth goal for this year as it deals with the fallout from the coronavirus…
Nigeria: Oil, Gas Revenue Dropped By N425.52bn In Q1 –Minister
The country’s revenue from oil and gas dropped by N425.52bn in the first quarter of 2020 to N940.91bn, Minister of…
Facebook Employees May Face Pay Cut If They Move To Cheaper Areas To Work From Home
Mark Zuckerberg says he expects about half of Facebook Inc.’s employees to work from home five to 10 years from…
Coronavirus: Jaguar Seeks State Loan As Pandemic Takes Toll
Jaguar Land Rover (TAMO.NS) is in talks with the British government about a request for temporary state funding of more…
Alibaba Sees China Retail Volume Growing Near Pre-Pandemic Levels But Stock Falls Amid U.S.-China Tensions
Alibaba Group Holding Ltd. said that volume on its China retail marketplaces was back to growing at near pre-pandemic rates,…
UK To Require Employers To Pay 20-30% Of Furloughed Wage Cost
The United Kingdom has drawn up plans to require employers to cover 20% to 30% of furloughed employees’ wages from…
UK Court Throws Out Nigeria’s $1bn Bribery Case
An English court threw out a $1.1bn case Nigeria brought against Royal Dutch Shell and Eni relating to a dispute…
Nigeria:Lagos State’s IGR More Than The Combined Total Of 26 Other States
Lagos State has retained its place as Nigeria’s economic capital, generating N398.7bn in 2019 alone. The sum is the equivalent…