Ford Engineers Are Working On Electric Mustang SUVs In Their Own Garages
When Aleyna Kapur started working from home due to the coronavirus pandemic, she had to take a few things from…
Year: 2020
Deutsche Bank Refuses To Give U.S. Senators Information On Recent Trump Dealings
Deutsche Bank (DBKGn.DE) has declined a request by prominent U.S. senators to provide information about the German lender’s recent business…
U.S. Airlines Receive Additional $9.5 Billion In Payroll Support: Treasury
The U.S. Treasury Department has disbursed $9.5 billion in additional funds from the Payroll Support Program to U.S. air carriers,…
Nigeria Defends Slow Pace Of Virus Testing As Concern Grows
Nigeria defended the slow pace of testing for the coronavirus amid a lockdown that’s paralyzed economic activity in its two…
U.S. Says It Will Not Take Part In WHO Global Drugs, Vaccine Initiative Launch
The United States will not take part in the launching of a global initiative on Friday to speed the development,…
U.S. Deficit Could Quadruple To $3.7 Trillion In Coronavirus Crisis: CBO
A nationwide business shutdown and surge in U.S. government spending will nearly quadruple the federal deficit to a record $3.7…
Bitcoin Jumps To Highest Level Since March’s Coronavirus Crash
Buoyed by an overall shift in risk sentiment, cryptocurrencies surged on Thursday, with Bitcoin surpassing $7,500 for the first time…
Market Wrap
2020, 9:03 PM GMT+1
S&P 500 index, crude futures still finished lower on the week. Treasury yields fell, dollar strengthened during crude turmoil. Evercore CEO Says Depth of Recession From Virus ‘Unprecedented, Staggering’
Airbnb Is Banking On A Post-Pandemic Travel Boom.
The home-rental company defined the travel industry after the last cataclysm, but may be less suited for what’s next.
Marriott CEO Says Coronavirus Pandemic Will Change Hotel Stays
Most Marriott Hotels Will Survive the Crisis, Says CEO
Tycoon Running 500 Hotels Says Virus Crisis Is Worst He’s Seen
Bill Heinecke thought he’d seen it all in a decades-long career running hotels: the Asian and global financial crises, SARS,…
IMF to Recommend $3.4 Billion Emergency Funding for Nigeria
IMF executive board meets on Tuesday to review request. If approved, the loan would be the largest yet in Africa
Foreign Investor Dollars In Lockdown In Nigeria Debt Market
Country’s reserves under pressure as crude prices plunge. Debtholders await regulator’s dollar sales after lockdown. An aerial view shows empty streets during lockdown in Lagos.
Nigerian Banks To Take $3.8 Billion Hit for Missing Targets
Nigeria’s central bank took 1.47 trillion naira ($3.8 billion) from lenders as additional cash reserves for failing to meet regulatory…
Europe Is Preparing A Trillion-Euro Fund To Rebuild Its Economy
EU leaders have agreed to create a fund that could raise at least 1 trillion euros ($1.1 trillion) to rebuild regional economies ravaged by the coronavirus pandemic.
Facebook Is Taking On Zoom With New Video Features
Facebook has a long history of expanding its features to emulate major competitors. Now it’s taking on platform-of-the-moment Zoom.
Singapore Airlines To Cancel Most Flights Until End Of June
Singapore Airlines said it will cancel most flights until the end of June. About 96% of scheduled flights will be…
Trump Threatens To Block Aid For U.S. Post Office If It Does Not Raise Prices For Amazon
President Donald Trump on Friday threatened to block federal aid for the U.S. Postal Service unless it raises shipping rates…
Kanye West Becomes Hip-Hop’s Second Billionaire
has touted his billionaire status before — but now, the rapper is showing the receipts to prove it. According to a report published…
Bill Gates: It’s Impossible To Overstate The Pain That Lies In The Years Ahead
That’s Bill Gates, Microsoft’s co-founder and co-chair of the Gates Foundation, sharing his latest thoughts on the coronavirus pandemic in…
Billionaire Leon Cooperman Says ‘Capitalism As We Know It Will Likely Be Changed Forever’
Billionaire Leon Cooperman says that the U.S. economy and markets may be facing lasting implications from the COVID-19 pandemic that…
Coronavirus: US Companies Already Facing Bankruptcy
A growing number of companies will file for bankruptcies in 2020 as businesses remain shuttered due to the coronavirus. Airlines, retail…
Central Bank Of Nigeria Set Dec 2024 As Exit Date For Its N50bn Intervention Loans
The Central Bank of Nigeria has set December 31, 2024 exit date for its intervention loans to the Small and…
Sunlight And Humidity Kill Coronavirus The Fastest: US Scientists
US scientists say coronavirus dies the fastest when it is exposed to direct sunlight, though a study cited has not…
Nigerian Stock Market Extends Decline, Loses N162bn
Activities on the Nigerian Stock Exchange on Thursday closed southwards, extending previous negative sentiment to three consecutive trading sessions, following…
MTN Group To Reduce Stake In Nigeria
MTN Group Ltd will push on with the plan to reduce its majority stake in the wireless carrier’s business, it…
Bezos, Musk Among Billionaires Gaining Net Worth In Pandemic
The combined wealth of America’s billionaires, including Amazon.com (AMZN.O) Inc founder Jeff Bezos and Tesla Inc (TSLA.OA) chief Elon Musk,…
Russia Cuts Key Interest Rate As Coronavirus And Oil Price Plunge Take Hold
The Central Bank of Russia (CBR) on Friday cut its key interest rate by 50 basis points to 5.5%. The…
Oil Prices Rise, Capping Week Of Historic Turmoil Over Coronavirus
Oil prices climbed on Friday, adding to gains from earlier sessions after producers such as Kuwait said they would move…
Coronavirus Stockpiling Drives Best Nestle Sales Growth In Years
Swiss food giant Nestle (NESN.S) reported its best quarterly sales growth in nearly five years on Friday as consumers stockpiled…