Facebook Will Allow Most Employees To Work From Home Through End Of 2020
Facebook CEO Mark Zuckerberg will announce Thursday that most of its employees will be allowed to continue to work from home…
Year: 2020
Wall Street Gets PayPal Lift As Nasdaq Wipes Out 2020 Declines
Wall Street’s indexes climbed on Thursday, with the Nasdaq erasing losses for 2020, following a clutch of upbeat earnings reports…
Uber Posts $2.9 billion Loss, But Sees Encouraging Signs In Reopening Markets
Uber Technologies Inc (UBER.N) said on Thursday it saw encouraging signs in markets hit by the coronavirus epidemic as it…
Dropbox Quarterly Revenue Beats Estimates
Dropbox Inc’s (DBX.O) quarterly revenue beat Wall Street estimates on Thursday, as the file-hosting company signed up more paying customers…
Why Disney+ Is Now A Blessing And A Burden For Disney
The coronavirus pandemic hobbled Disney’s media empire — except for one, major success story: Disney+. The company’s new streaming service,…
The US Is Becoming The King Of Debt. It’s A Necessary Risk
President Donald Trump is living up to his self-given nickname “King of Debt.” On his watch, the United States has…
Nintendo Profits Soar 41%, Mainly From ‘Animal Crossing’
The success of the Nintendo Switch during the coronavirus pandemic propelled the Japanese video company to a banner year. Nintendo…
Nigeria: Despite Lockdown, Stock Market Investors Gain N897bn
Notwithstanding the lockdown the Nigerian economy witnessed in April over the ravaging CODIV-19 pandemic, the stock market, boosted by the…
Aviation Industry – The Shape Of Things To Come
Things have fallen apart in global aviation since COVID-19 pandemic enveloped the sector. Airlines, airport authorities, ground handling companies, passenger…
Virgin Media And O2 Agree On $39 Billion Merger To Create A New UK Telecom Giant
Liberty Global and Telefonica have agreed to combine their U.K. operations in a deal that will create a new giant in the country’s…
Argentina On The Brink Of Its Ninth Sovereign Default
Argentina is highly likely to slip into default this month, analysts have told CNBC, as the crisis-prone South American country…
Bank Of England Warns Of Deepest Recession On Record
The Bank of England has warned that the UK economy is heading towards its deepest recession on record. The impact…
How The Coronavirus Will Change Office Spaces
Offices have been trending toward open workspaces for over a decade, as employers look to boost collaboration and maximize use…
Tesla Billionaire Elon Musk Set For $720m Pay Day
Tesla’s (TSLA) billionaire chief Elon Musk is about to get even richer. Musk, who is worth $39.4bn according to Forbes, is…
European Markets Rise On Hopes Of ‘Rapid’ Recovery
European markets opened higher on Thursday, as hopes grew of a “relatively rapid” recovery amid new central bank forecasts and…
Nigeria: NNPC Reduces Ex-Depot Price Of Petrol To N108
The Nigerian National Petroleum Corporation (NNPC) has announced a reduction in the ex-depot price of Premium Motor Spirit (PMS) from…
Spain Lawmakers Extend COVID-19 State Of Emergency
Spain’s parliament on Wednesday voted to extend the country’s state of emergency, allowing stringent coronavirus lockdown measures to remain in…
Polish Ruling Parties Strike Deal To Postpone Presidential Election
Poland’s ruling Law and Justice (PiS) party and its junior coalition partner reached a deal to allow for a presidential…
Lyft Sees Rider Demand Improve In Late April, ‘On Path To Profitability’
Lyft Inc (LYFT.O) on Wednesday posted higher-than-expected revenue and the ride-hailing company vowed further cost cuts to become profitable, saying…
T-Mobile Beats Phone Subscriber Estimates As Lockdown Creates Demand Surge
T-Mobile US Inc (TMUS.O) added more monthly bill paying phone subscribers than expected in the first quarter, thanks to a…
South African Business Calls For Accelerated Restart of Economy
South Africa’s biggest business grouping urged the government to accelerate its phased approach to restarting the economy, days after the…
Coronavirus: EU Facing ‘Deep And Uneven Recession’
The European Union faces a deep and uneven recession, according to a new forecast from the EU’s Commission. The bloc’s…
Germany Says Football Can Resume And Reopen Shops As Lockdown Is Eased
Chancellor Angela Merkel has said Germany’s goal of slowing the spread of coronavirus has been achieved, so all shops can…
Nigeria: FG Extends Flight Ban By Four Weeks
The federal government has extended the ban imposed on local and international flights by four weeks. President Muhammadu Buhari had…
Nigeria’s Oil Revenue Dries Up And May Be So For Next 3 Years
Despite Brent-crude futures rallying in recent weeks, Nigeria, is facing a fast-looming future without reliance on fiscal revenue from its…
Pfizer Begins Human Testing For Experimental Coronavirus Vaccine In The US
Pfizer said Tuesday it has begun testing an experimental vaccine to combat the coronavirus in the United States. The U.S.-based pharmaceutical giant, which…
General Motors Posts $294 Million Profit In The First Quarter Despite Crippling Production And Sales From Coronavirus
General Motors said Wednesday it eked out a $294 million profit for the first quarter despite the fallout from the coronavirus pandemic that has…
GM To Practice Social Distancing At Car Factories Once They Reopen
GM’s factories in North America will reopen for the business of making cars on May 18, the automaker revealed in…
Stocks Shed Gains, As American Private Sector Cuts 20.2 Million Jobs in April
Stocks pared some gains Wednesday to trade little changed, as investors continued to price in the possibility of more states relaxing restrictive…
Where’s The beef? Wendy’s Turns To Chicken To Prop Up Sales
Wendy’s Co (WEN.O) said on Wednesday it would focus on marketing its chicken products as it grapples with beef supply…