Dubai Aims To Open Up For Tourists At The Beginning Of July
Pandemic means tourism sector will focus more on hygiene. The government says it will not restrict hotel construction.
Year: 2020
AIG Takes $272 Million In Covid-19 Losses And Withdraws Guidance
American International Group Inc. was hit by about $272 million in costs tied to the coronavirus as the insurance industry braces for…
Victoria’s Secret Owner Unveils Plan B After Sycamore Walks Away
L Brands Inc. agreed to cancel a deal that would have given private equity firm Sycamore Partners control of beleaguered…
Wall Street Snaps Two-Day Slump On Lift From Tech Titans
U.S. stocks ended higher on Monday as increases in large tech and internet companies and oil price gains outweighed concerns…
Massive U.S. Stock Bounce Stokes Doubts, Provokes Bears
Fund managers and corporations have deployed over $1.1 trillion into money markets while the S&P 500 mounted a nearly 30%…
Germany To Reopen All Shops, Allow Soccer Matches
Germany’s state premiers will agree on measures to further ease coronavirus restrictions in a teleconference with Chancellor Angela Merkel scheduled…
New York Governor Outlines Reopening Plan With Construction, Manufacturing First
New York Governor Andrew Cuomo on Monday outlined a phased reopening of business activity in the state hardest hit by…
UK Says China Has Questions To Answer Over Coronavirus Outbreak
Britain said on Monday that China had questions to answer over the information it shared about the novel coronavirus outbreak,…
Will Disney Open In June?
We may get a better estimate of when Walt Disney’s (NYSE:DIS) theme parks worldwide will potentially reopen when the media giant reports its fiscal…
Masked And Standing Apart, The World Creeps Out Of Lockdown
Italy, among the world’s hardest-hit countries, started to relax the longest lockdown in Europe, allowing about 4.5 million people to…
Apple, Google Ban Use Of location Tracking In Contact Tracing Apps
Apple Inc and Alphabet Inc’s Google on Monday said they would ban the use of location tracking in apps that…
Madagascar To Start Trials For Coronavirus Herbal Treatment
Madagascar’s president has said that the country will begin clinical trials for an artemisia-based herbal remedy, which he says can…
Nigerians Cautious As Restrictions Eased In Lagos And Abuja
In Nigeria, some businesses have reopened on the first working day after the easing of a lockdown imposed on key…
Coronavirus: Firms Rush To Secure New Lockdown Survival Loans
Businesses have raced to secure loans under a new scheme to help smaller firms through the lockdown crisis. The Bounce…
O2 And Virgin Media In Talks To Merge
Mobile operator O2 may be set to merge with broadband giant Virgin Media to create one of the country’s largest…
Japan Extends State Of Emergency Until May 31
Japan’s Prime Minister Shinzo Abe on Monday extended a state of emergency over the coronavirus until the end of May,…
Dunkin’, Starbucks, Chipotle And Other Restaurant Chains Have Seen Business Shift To Different Times Of Day Due To Coronavirus
Dunkin’ Brands Group Inc.’s quarterly results suffered as customers brewed their own morning coffee at home while locked down due…
‘Fortunes Are Going To Be Made’ — Suze Orman Shares Her Advice On Investing Amid The Coronavirus Pandemic
Celebrity financial adviser Suze Orman isn’t for everybody. She once told MarketWatch that “there are people that hate my guts. You don’t…
J. Crew Files For Bankruptcy As Preppy Retailer Succumbs To COVID-19 Fallout
J. Crew Group Inc filed for bankruptcy protection on Monday with a plan to hand over control to lenders, adding…
It’s Okay To Laugh Again: Advertisers Prepare For Post-Coronavirus Economy
Sad piano chords, somber shots of empty streets and close-ups of people staring out their windows. So prevalent were coronavirus-themed…
Nigeria: FG Retains N125/litre Petrol Price Despite Crude Oil Crash
The Federal Government has failed to review the N123.5 to N125/litre pump price of petrol for the month of May…
Nigeria: Lagos State Govt Issues Fresh Guidelines On Reopening Markets, Shopping Malls
The Lagos State Government has said markets, where non-food items are sold, will be allowed to open on Mondays, Wednesdays…
Nigeria: CBN Makes It Mandatory For Commercial Banks To Get Approval Before Laying Off Workers
The Central Bank of Nigeria (CBN) has made it mandatory for Commercial banks in the Country to get approval before…
Wharton: Reopening Will Cause More Deaths
New data from the University of Pennsylvania suggests that relaxing lockdowns across U.S. cities and states could have serious consequences…
Tesla Applies To Become UK Electricity Provider
U.S. electric carmaker Tesla Inc has applied for a licence to supply electricity in the United Kingdom, The Telegraph reported…
Berkshire Sells Entire Stakes In U.S. Airlines
Berkshire Hathaway Inc (BRKa.N) sold its entire stakes in the four largest U.S. airlines in April, Chairman Warren Buffett said…
Warren Buffett Says The Coronavirus Cannot Stop America, Or Berkshire Hathaway
Billionaire investor Warren Buffett on Saturday said the United States’ capacity to withstand crises provides a silver lining as it…
Closure Of New York Subways Overnight Service May Bring About Bigger Changes
New York City’s subway, the ear-splitting, nerve-jangling system that New Yorkers and tourists alike love to hate, is taking the…
Buffett’s Berkshire Posts Nearly $50 Billion Loss As Coronavirus Causes Pain
Warren Buffett’s Berkshire Hathaway Inc is being hit hard by the coronavirus pandemic, posting a record quarterly net loss of…
The ‘Tsunami’ Of Airline Job Losses Has Begun In Europe. US Carriers Could Be Next
International airlines are starting the painful process of scaling back their businesses as the prospect of a quick recovery from the coronavirus pandemic fades…