Airbnb Board Meets To Consider Raising Funds For Buying Assets
Airbnb Inc.’s board met this week to consider a wide range of options in response to the current economic crisis,…
Year: 2020
Nigeria Has Chloroquine Poisonings After Trump Praised Drug
Nigeria reported two cases of chloroquine poisoning after U.S. President Donald Trump praised the anti-malaria drug as a treatment for…
Spain Extends State Of Emergency As Death Toll Rises
Spanish Prime Minister Pedro Sanchez has been in meetings with health and security officials on Sunday morning, as Spaniards prepare…
Tunisia Allocates $850 Million To Combat Effects Of Coronavirus
Tunisia is allocating 2.5 billion dinars ($850 million) to combat the economic and social effects of the coronavirus health crisis,…
Forex Racketeering: CBN Fines Banks, BDCs Hundreds Of Millions For Infraction
THE Central Bank of Nigeria (CBN) reportedly fined major banks and bureau de change operators hundreds of millions for committing…
Goldman Injects $1 Billion Into Own Money-Market Funds After Heavy Withdrawals
Goldman Sachs Group Inc poured more than $1 billion into two of its prime money-market portfolios this week due to…
Osun State Government Suspends All Activity At Erin-Ijesha Waterfalls
Osun State Government has announced the suspension of activities at the Olumirin Waterfalls at Erinjesa following the outbreak of…
Coronavirus: Delta, Emirates, Air France, Lufthansa, KLM, others suspend flights to Nigeria
Mega international airlines based in the United States, Europe, Middle East and other parts of the world have suspended flights…
U.S. FDA Approves First Rapid Coronavirus Test With 45 Minutes Detection Time
The U.S. Food and Drug Administration has approved the first rapid coronavirus diagnostic test, with a detection time of about…
Flights Resume In New York After Brief Halt In Arrivals
The Federal Aviation Administration (FAA) temporarily halted flights arriving at New York City airports and Philadelphia on Saturday after a…
World Leaders Set Aside $1.7trillion To Help Failing Economies
Governments around the world have announced massive amounts of fiscal stimulusthis week, aiming to limit the severity of a sharp…
U.S Senators Explain Why They Sold Shares Before Coronavirus Crash
Two Republican U.S. senators defended themselves on Friday against heavy criticism, including calls that they resign, for selling large amounts…
Lagos State Bans Public Gatherings Of More Than 20 Persons
Lagos State Government on Saturday announced a reduction in the number of people allowed in public gatherings to prevent further…
Amazon To Stop Shipping Non-Essentials To Consumers In France And Italy
An Amazon spokesman said the company made the decision due to a spike in orders and the need to respect…
Google Launches Coronavirus Website In The U.S,
Alphabet Inc’, Google’s parent company said on Saturday it launched a new United States-focused website with information about coronavirus…
2.25m Americans Filed For Unemployment Claims This Year, The Highest In History
Americans are starting to lose their jobs in response to the coronavirus pandemic, and economists expect it’s only going…
The Countries Hit Hardest By The Oil Price War
The recent plunge in oil prices has put the financially ravaged U.S. shale industry in the spotlight over the past…
UK Governments To Pay 80% Of Wages After Closing All Pubs To Curb Spread Of Coronavirus
The UK government said Friday that it will subsidize the wages of any worker facing unemployment because of the coronavirus…
U.S. To Send Envoy To Saudi Arabia; Texas Suggests Oil Output Cuts
The Trump administration plans to send a special energy envoy to Saudi Arabia to work with the kingdom on stabilizing…
Italy Calls In Military To Enforce Coronavirus Lockdown As 627 People Die In 24 Hours
Soldiers were being drafted in to help enforce the lockdown in Italy on Friday as officials announced 627 new deaths,…
Germany Prepares 150 Billion Euro Emergency Budget In Coronavirus Package
Germany is readying an emergency budget worth more than 150 billion euros ($160 billion) to shore up jobs and businesses…
U.S. Coronavirus Stimulus To Be Worth ‘North Of $2 Trillion’ -White House Aide
The White House expects the impact of economic stimulus to counter the effects of coronavirus to be more than $2…
How Sham Trades Tricked Germany Out Of Billions
Two British bankers were handed suspended jail sentences on Wednesday and one told to pay a 14 million euro penalty…
British Banker Hit With 14 Million Euro Penalty In German Fraud Trial
Two British bankers were handed suspended jail terms on Wednesday and one a 14 million euro penalty in Germany’s biggest…
Wall Street Weekahead: Coronavirus Uncertainty Muddies Views On Buying Opportunities For Plunging Stocks
U.S. stock valuations are tumbling in the wake of the coronavirus-fueled market rout, but determining when equities are cheap enough…
Coronavirus Stay-At-Home Directives Multiply In Major U.S. States
New Jersey’s governor was expected on Saturday to follow four other states – California, New York, Illinois and Connecticut –…
Exclusive: Amazon Raises Overtime Pay For Warehouse Workers
Amazon.com Inc said on Saturday it is raising overtime pay for associates working in its U.S. warehouses, as the world’s…
LVMH Orders 40 Million Masks From China For France
LVMH (LVMH.PA), the world’s biggest luxury goods group, is ordering 40 million health masks from a Chinese supplier to help…
Boeing Suspends Dividend Payment
Boeing Co (BA.N) will cancel CEO pay, suspend its dividend and extend a pause on share buybacks, the U.S. planemaker…
Breaking: Nigeria Announces 10 New Coronavirus Cases
The Minister of Health, Dr Osagie Ehanire, who disclosed this on Saturday on his tweeter handle @drEOEhanire, stated: “Nigeria has…