San Francisco Businesses Teeter On The Brink After A Year Of Lockdowns, Fires And Other Hurdles
In late October, when San Francisco moved into California’s least-restrictive Covid-19 “yellow tier” — indicating minimal spread of the coronavirus…
Month: January 2021
United Sends 14,000 Furlough Warnings; Unions Seek $15B New U.S. Aid For Airlines
United Airlines said on Friday it warned some 14,000 employees that they might be furloughed, and aviation unions made a…
Tesla Service Now Includes Collision Repairs, Fulfilling Elon Musk’s 2018 Promise
Elon Musk’s electric car company notified customers on Friday that Tesla Service Centers now offer collision repairs, something the company…
Hedge Fund Billionaire Steve Cohen Leaves Twitter After Family Receives Threats Amid GameStop Backlash
Steve Cohen, the founder of hedge fund Point72 and owner of the New York Mets, has deactivated his Twitter account…
Treasury Yields Climb Following Key Economic Data
U.S. Treasury yields climbed on Friday morning, following the release of key economic data in the previous session. The yield…
Dutch Court Rules Shell Liable For Niger Delta Oil Spills
An appeals court in the Netherlands on Friday ordered Royal Dutch Shell to pay compensation to Nigerian farmers over oil…
UK Says It Expects No Vaccine Interruption From EU; Brussels Admits Irish ‘Blunder’
EU officials confessed on Saturday to a “blunder” in invoking Northern Ireland Brexit emergency powers during a showdown with Britain…
Biden Says Action On COVID-19 Stimulus Needed ‘Now’
U.S. President Joe Biden said on Friday that Congress needs to take immediate action on his $1.9 trillion COVID-19 relief…
UAE Adopts Amendments To Grant Citizenship To Investors And Other Professionals
The United Arab Emirates has adopted amendments that would allow the Gulf state to grant citizenship to investors and other…
Robinhood Raises $1 Billion Of Fresh Funding From Existing Investors
Online broker Robinhood has raised more than $1 billion of fresh capital from existing investors, having been strained by high…
Nigeria: FG Donates Relief Materials To Over 2,000 IDPs In Zamfara — Commission
The National Commission for Refugees, Migrants, and Internally Displaced Persons, on Friday, launched the distribution of relief materials to over…
Five Million Users To Benefit From Firm’s E-commerce App
An online e-commerce platform, Offerservice, has been unveiled in Lagos, to provide opportunities for corporations, businessmen, artisans and professionals to…
Exclusive: China Gene Firm Providing Worldwide COVID Tests Worked With Chinese Military
BGI Group, the world’s largest genomics company, has worked with China’s military on research that ranges from mass testing for…
Musk’s SpaceX Violated Its Launch License In Explosive Starship Test: The Verge
SpaceX’s first high-altitude test flight of its Starship rocket, which exploded last month while attempting to land after an otherwise…
Nigeria, Middle East Trade Volume Hits $19.3Bn
The bilateral trade volume between Nigeria and the Middle East reached $19.3 billion in 2019 while Nigeria’s export to China…
U.S. Consumer Spending Decreases Further; Inflation Creeping Up
U.S. consumer spending fell for a second straight month in December amid renewed business restrictions to slow the spread of…
FG Commits $670M On $3.5Bn Brass Methanol Plant Construction
The Federal Government has committed an equity investment of $670m for the construction of 10,000 tonnes per day methanol production…
Silver Lake Cashes Out On AMC For $713 Million After Reddit-Fueled Rally
Buyout firm Silver Lake disclosed on Friday that it sold its stake in AMC Entertainment Holdings for $713 million this…
Goldman Sachs Loses Legal Fight Against EU Cartel Fine
U.S. investment bank Goldman Sachs on Wednesday lost its fight against an EU cartel fine handed down to its former…
US Stock Market Weird Week Explained
Here’s how ordinary investors, spurred on by a Reddit message board, took on the big Wall Street funds and sent…
Tobacco Control: CAPPA Launches TakeApart Nigeria Report
Corporate Accountability and Public Participation Africa, CAPPA, on Friday, launched the TakeApart Nigeria report entitled “The Big Tobacco Allies— How…
COVID-19: Nigeria Records 27 Deaths In One Day
The Nigeria Centre for Disease Control (NCDC) on Friday reported 27 coronavirus -related deaths, bringing the total number of those…
Bitcoin To Online Petwear: ‘Papa Musk’ Lures Investors
A “#bitcoin” tag on Elon Musk’s Twitter profile page led to a 14% jump in the cryptocurrency on Friday, the…
Losses On Short Positions In U.S. Firms Top $70 Billion – Ortex Data
Short-sellers are sitting on estimated losses of $70.87 billion from their short positions in U.S. companies so far this year,…
GE Gets Dismissal Of Most Of Shareholder Lawsuit Over Accounting, Disclosures
A U.S. judge in Manhattan has dismissed most but not all of a shareholder lawsuit accusing General Electric Co of…
Flour Mills floats Bond On FMDQ
FMDQ Securities Exchange Limited has approved the listing of the Flour Mills of Nigeria Plc’s N4.89bn Series 4 tranche A…
New IGP: Be guided by Police Act 2020, legal Practitioner Counsels Buhari
An Abuja based legal practitioner, Barrister Silas Joseph Onu has called on President Muhammadu Buhari to name a new Inspector…
Apple Sees Revenue Growth Accelerating After Setting Record For iPhone Sales, China Strength
Apple Inc on Wednesday reported holiday quarter sales and profits that beat Wall Street expectations, as new 5G iPhones helped…
Our Data 99% Secure, Says Pantami
MINISTER of Communications and Digital Economy, Dr Isa Pantami has assured Nigerians and the international community that citizens’ and the…
These Budget Numbers Show What Nigeria Can Learn From Lagos
Nigeria can look to an in-house example for inspiration on how to better manage its finances. Lagos State, Nigeria’s commercial…