Argentina Defaults On Bond Payments As Debt Talks Heat Up
Argentina missed payments on around $500 million in already delayed bond coupons on Friday, creditors and a ratings agency said,…
Year: 2020
American Billionaires Got $434 Billion Richer During The Pandemic
America’s billionaires saw their fortunes soar by $434 billion during the U.S. lockdown between mid-March and mid-May, according to a…
U.S. Accuses China Of Blocking U.S. Flights, Demands Action
The U.S. government late on Friday accused the Chinese government of making it impossible for U.S. airlines to resume service…
Brazil Debt To Hit Record 93.5% Of GDP This Year: Economy Ministry
Brazil’s national indebtedness will soar to record levels this year due to the coronavirus crisis, with gross national debt reaching…
Hertz Stock Plunges 30% After Report Saying Bankruptcy Filing Is Imminent
Shares of Hertz Global Holdings Inc. HTZ, -7.49% fell more than 30% in the extended session Friday after The Wall…
Rental Car Giant Hertz Files For U.S. Bankruptcy Protection
The more than a century old car rental firm Hertz Global Holdings Inc (HTZ.N) filed for bankruptcy protection on Friday…
US To Blacklist 33 More Chinese Firms
The United States said on Friday it would add 33 Chinese firms and institutions to an economic blacklist for helping Beijing spy…
UK Borrowing At Record High As Virus Cost Soars
Government borrowing surged to £62bn in April, the highest monthly figure on record, after heavy spending to ease the coronavirus…
E.l.f. Beauty Shares Rise After Company Reported Triple-Digit Online Sales Growth
Shares of E.l.f. Beauty surged more than 5% in extended trading Thursday after the cosmetics company said sales rose 13%…
Alibaba’s Sales Surge As People Shop Online During Lockdown
As people stayed indoors and brick-and-mortar stores remained shut during the health crisis, online orders surged, with the company’s core…
Organizers Cancel 2020 New York Auto Show
Organizers said Friday they were canceling the 2020 New York auto show that had previously been pushed back until August,…
Osaka Becomes World’s Highest-Earning Female Athlete
Japan’s Naomi Osaka has surpassed Serena Williams as the world’s highest-paid female athlete, raking in $37.4 million in prize money…
South America Is A ‘New Epicenter’ Of The Coronavirus Pandemic, WHO Says
The epicenter of the global Covid-19 pandemic has shifted to South America as cases in Rio de Janeiro and Sao…
Hong Kong Tensions Shocks World Stock Markets, Oil Tumbles
Oil prices tumbled and global equity markets wavered on Friday as China’s move to impose a new security law on…
Unemployment Rose In All 50 U.S. States In April
Unemployment rates rose and total employment fell in all 50 U.S. states and the District of Columbia in April as…
Plane Crashes In Pakistan With 99 On Board, Many Feared Dead
A Pakistan International Airlines (PIA) plane with 99 passengers and crew crashed into a residential area of the city of…
Nigeria May Go Into Recession – Zainab Ahmed
Zainab Ahmed, Nigeria’s Finance Minister, has said that the country may go into recession due to the slowing down of…
The Dow Closes Down 102 Points Due Partly To Rising Unemployment In The US
U.S. stocks finished lower Thursday, with investors pointing to elevated tensions between Washington and Beijing and a stream of poor…
Zuckerberg Defends Facebook’s Actions On Coronavirus Misinformation
Facebook founder Mark Zuckerberg has told the BBC that it had and would remove any content likely to result in…
Amazon Trials Online Food Delivery In India
Internet giant Amazon is entering the meal delivery business with a trial in four parts of India’s Bengaluru. The move…
Coronavirus: EasyJet Passengers Will Be Required To Wear Masks
EasyJet has said it will resume some flights on 15 June, with all passengers and cabin crew told to wear…
Why Time Seems To Be Going Faster While We Are In Lockdown
As parts of the world begin to ease their lockdowns, some people are looking back and finding the time in…
UK Contributes £20m To Africa’s Anti-COVID-19 Fund
United Kingdom on Thursday said it would be investing up to 20 million Pounds in the African Union’s new ‘Africa…
Oil at highest Since March Due To Lower U.S. Inventories, Recovering Demand
Global benchmark Brent rose on Thursday to its highest since March, supported by lower U.S. crude inventories, OPEC-led supply cuts…
Another 2.438 Million Americans File For Unemployment Benefits
First-time filings for unemployment insurance totaled 2.44 million last week as the tail effects of the coronavirus shutdown continued to…
Netflix Will Start Automatically Canceling Inactive Accounts
Netflix has started to terminate accounts that people haven’t used the service for a year or more. The company announced that…
Music Industry To Nearly Double In Value By The End Of The Decade, Goldman Sachs Says
Goldman Sachs expects global music revenues to tumble by up to 25% in 2020, largely due to widespread disruption across all…
How Nigerian Fintech Firm Flutterwave Adapted To Help Small African Businesses During Lockdown
US-Nigerian fintech company Flutterwave has created an e-commerce platform for African companies, becoming the latest start-up to see opportunities in…
Coronavirus: 70% Of Dubai Companies Expects To Go Out Of Business Within Six Months, Survey Finds
DUBAI, United Arab Emirates — A staggering 70% of businesses in Dubai expect to close their doors within the next six…
Macy’s Said It Could Lose Up To $1bn Due To Lockdowns
Macy’s Inc (M.N) said on Thursday it could rack up operating losses of up to $1.11 billion in the first…