Volkswagen Now Has Another Electric SUV To Take On Tesla
Production has started in Germany on the first electric SUV from the Volkswagen brand, marking the latest push by the…
Year: 2020
U.S. Weekly Jobless Claims Top One Million In Setback To Labor Market Recovery
The number of Americans filing a new claim for unemployment benefits rose unexpectedly back above the 1 million mark last…
Olympique Lyonnais Shares Fall After Champions League Defeat
Olympique Lyonnais’ (OL) shares fell on Thursday after the French soccer club’s defeat by Bayern Munich in the Champions League…
Nigeria: NBA Hails Buhari For Signing CAMA 2020
Chairman of the Nigerian Bar Association (NBA) Section on Business Law (SBL) Mr. Seni Adio (SAN), has praised President Muhammadu…
Nigeria: We Won’t Accept ‘Satanic’ CAMA – CAN Vows
The Christian Association of Nigeria has rejected the Companies and Allied Matters Act 2020 (CAMA), dismissing it as “satanic”. The…
Ethiopian Airlines Defies FG, Resumes Flight To London Friday
There were indications on Wednesday that some international airline operators may have been violating the ban on international commercial flights…
Home Rental Company Airbnb Set To Go Public, File IPO
Short-term home rental company Airbnb said on Wednesday it filed confidentially for an initial public offering with US regulators, setting…
Alibaba Beats Estimates As Pandemic Fuels Online, Cloud Computing Demand
China’s Alibaba Group Holding Ltd (BABA.N) beat quarterly revenue and profit estimates on Thursday, as its core commerce and cloud…
In U.S.-China Tech War, Investors Bet On China’s Localisation Push
As the U.S.-China “tech war” widens, investors are betting on China’s efforts to replace U.S. technologies with indigenous applications to…
Emirates Airline Says It Expects To Serve 100% Of Its Destinations By Summer 2021
Dubai state carrier Emirates Airline will serve all of its 143 destinations by the summer of 2021, with the frequency…
Facebook Wins Preliminary Approval To Settle Facial Recognition Lawsuit
Facebook Inc won preliminary approval late on Wednesday from a federal court for settlement of a lawsuit that claimed it…
Passengers Coming Into Nigeria’ll Undergo COVID19 Tests 48-72 Hours Before Arrival -NCAA
The Director General of the Nigerian Civil Aviation Authority (NCAA), Captain Musa Nuhu, has said that incoming passengers would have…
Nigeria’s Foreign Assets At Risk As Enron Seeks to Enforce $22m Arbitration Award
Nigeria is making frantic efforts to stop Enron Nigeria Power Holding (ENPH) from enforcing a $22 million arbitration award that…
Nigeria Naira Eases To 480 On Black Market On Plans To Reopen Airports
Nigeria’s naira fell 1.04% on Tuesday to a low of 480 on the black market after the government said it…
Nigeria: Importers, Others Kick Against Surcharge On Cargoes
Nigerian importers have decried the huge surcharge imposed on them by international shipping firms for cargoes brought into the country.…
Sterling Unfazed By Higher Inflation, Still Driven By Dollar
Sterling remained driven by the weaker U.S. dollar on Wednesday in thin August trading, even though British inflation jumped unexpectedly…
OPEC Meets To Review Compliance With Oil Cuts
OPEC oil producers and allies such as Russia, a grouping dubbed OPEC+, meets on Wednesday to review compliance with oil…
Inflation In Canada Unexpectedly Falls Back to Near Zero
The consumer price index increased only 0.1% from the same month a year earlier, Statistics Canada reported Wednesday from Ottawa.…
EU To Impose Sanctions On Belarusian Officials For Election Fraud, Calls For A New Vote
The European Union announced plans to impose sanctions on Belarusian officials on Wednesday, with leaders of the 27 heads of…
Apple’s $2trn Value Higher Than GDP Of 48 African Countries — Including Nigeria, S’Africa
Apple has become the first American company to be valued at $2 trillion. The company crossed the $2 trillion dollar…
Exclusive: GM Bets On Electric Cadillacs And Micro-Vans To Reverse China Slide
General Motors (GM.N) is overhauling its Chinese line-up with a greater emphasis on electric cars and smart-driving technology to stem…
Nigerian Embassy In Canada Shuts Down After ‘Attack’ On Staff
The Nigerian High Commission in Ottawa, Canada has announced an indefinite suspension of its activities. In a statement posted on its…
Uber And Lyft Competitors Ready To Pounce If Service Is Suspended In California
Ride-hailing competitors to Uber and Lyft are already preparing to seize the moment if the industry leaders decide to pull their service in California…
Target Reports A Monster Quarter — Profits Jump 80%, Same-Store Sales Set Record
Target on Wednesday blew past every forecast on Wall Street for its fiscal second quarter as it attracted millions of new…
Apple Tops $2 Trillion In Market Value
Apple Inc (AAPL.O) became the first publicly listed U.S. company with a $2 trillion stock market value on Wednesday, as…
Nigeria: Unilag Is Bigger Than Anyone
The Ag. Vice-Chancellor, University of Lagos (UNILAG), Prof. Theophilus Omololu Soyombo got a rousing welcome from workers of the University,…
Elon Musk’s SpaceX Raises $1.9 Billion In Funding
Billionaire Elon Musk’s SpaceX has raised $1.9 billion in new funding, according to a regulatory filing bit.ly/3178nk3 on Tuesday. would be…
No New U.S.-China Trade Talks Scheduled: White House Chief Of Staff
No new high-level trade talks have been scheduled between the United States and China but the two sides remain in…
Nigeria: Corruption – ‘Magu Boys’ Caught On Tape Demanding N75m Bribe
A businessman has played a tape recording before the Justice Ayo Salami-led presidential probe panel on how some operatives of…
Fed Faces A ‘Major Challenge’ In Making Its New Inflation Strategy Official
The U.S. central bank will be faced with a delicate balancing act if it opts to embrace a more relaxed…