Business World Room With A View: Investors Check Out Italy’s Top Hotels March 19, 2021 Ekemini International investors are casting an eye over some of Italy’s grandest hotels whose family owners may be persuaded to part with properties that can be refurbished in time for tourists…
Business Investing World Futures Rise As Spike In Bond Yields Eases March 19, 2021 Ekemini U.S. stock index futures edged higher on Friday following a steep pullback in the prior session as bond yields withdrew from 14-month peaks and oil prices retraced some losses. Oil…
Business Opinion World UK’s Taylor Wimpey, Countryside Asked To Drop Unfair Ground Rent Terms March 19, 2021 Ekemini British homebuilders Taylor Wimpey and Countryside Properties must remove contract terms that lock leaseholders into rents that double every 10 or 15 years, the UK’s Competition and Markets Authority ruled…
Opinion World Nearly A Dozen Countries Resume AstraZeneca Shots After EU, UK Regulators Say Benefits Outweigh Risks March 19, 2021 Ekemini Nearly a dozen countries resumed use of AstraZeneca’s COVID-19 shots on Friday as EU and British regulators said the benefits outweighed any risks after reports of rare instances of blood…
Investing Local Don’t Spend Over $1.5bn Embalming On A Dead Refinery – Dino Melaye Tells Buhari March 19, 2021 Ekemini Former Senator representing Kogi West Senatorial district, Dino Melaye has also faulted the approval of $1.5bn for the renovation of Port Harcourt refinery. According to Dino Melaye, the money is…
Local Opinion Kano Consumer Council Impounds N300m Expired Drugs March 19, 2021 Ekemini THE Kano State Consumer Protection Council on Thursday confiscated fake drugs worth over N300 million following raids on a warehouse and shops in the popular Sabon Gari market, Kano. The…
Local Opinion Rivers Court Denies Dutch Couple Bail Over $330,000 Oil Vessel Fraud March 19, 2021 Ekemini A Federal High Court sitting in Port Harcourt, Rivers State, on Thursday denied a Dutch national, Pieter Borremans and his wife, Nkechi, bail after they were remanded in the custody…
Local Opinion Sirika Seeks Private Sector Support For Aviation Infrastructure March 19, 2021 Ekemini Minister of Aviation, Hadi Sirika, has stressed the need for Nigeria to attract private investors that will support the funding of aviation infrastructure in the sub-region. Sirika made the call…
Business World British Airways Considers Selling Its Headquarters After Homeworking Switch March 19, 2021 Ekemini British Airways said it was considering selling its headquarters building because of a switch to homeworking during the pandemic means it may no longer need so much office space. The…
Business World Benchmark German Bonds Rise, Set To End Week Unscathed From U.S. Sell-Off March 19, 2021 Ekemini AMSTERDAM, March 19 (Reuters) – Benchmark German bonds rallied on Friday, tracking U.S. Treasuries, and were set to end the week unscathed from a hefty bond sell-off across the Atlantic.…
Business World Oil Steadies After Sell-Off As Demand Doubts Persist March 19, 2021 Ekemini Oil prices steadied on Friday, but were down 8% for the week, after an overnight sell-off as a new wave of coronavirus infections across Europe triggered fresh lockdowns and dampened…
Local Opinion Consumers Lament Tariff Increment Amidst Economic Downturn March 19, 2021 Ekemini Prepaid electricity consumers have decried increase in tariff endorsed by the Nigerian Electricity Regulatory Commission (NERC). They said it was ill-timed amidst economic challenges, urging necessary authorities to address the…
Business Features World Autonomous Driving Startup Momenta Raises $500 Million From SAIC, Toyota, Others March 19, 2021 Ekemini Chinese autonomous driving startup Momenta said on Friday it has received $500 million from SAIC Motor, Toyota Motor and auto parts supplier Bosch, as the global auto industry pursues the…
Technology World Bank Of America’s Summer Internship Program To Be Virtual March 19, 2021 Ekemini Bank of America Corp said on Thursday its 10-week summer internship program for 1,800 interns will be held virtually, as offices continue to work from home due to COVID-19 pandemic.…
Business Investing World Bond Managers Say Pace Of Rise In U.S. Bond Yields ‘Unsettling’ March 19, 2021 Ekemini The recent pace of the rise in yields in the U.S. Treasury market has been unsettling, according to several major bond fund managers who worry the market could be viewed…
Business World Starbucks Shareholders Reject CEO Pay Proposal In Rare Move March 19, 2021 Ekemini Starbucks shareholders voted against the company’s CEO pay proposal in a rare move that may indicate some shareholders think the chief executive is overpaid. The news was first reported by…
Business World US-China Talks Could End Up Inflaming Trade Tensions March 19, 2021 Ekemini Senior officials from the United States and China are meeting in person on Thursday for the first time since US President Joe Biden took office. But progress toward solving major…
Local Opinion DPR Remits N2tn to Federal Government, Seals 11 Filling Stations March 19, 2021 Ekemini The Department of Petroleum Resources on Thursday announced that it generated over N2tn for the Federal Government in 2020, as its Abuja zonal office sealed up 11 filling stations for…
Business Technology World Foxconn In Talks With Vietnam’s Vinfast On Electric Car Partnership March 19, 2021 Ekemini Taiwan’s Foxconn is in early stage talks with Vietnamese carmaker VinFast about partnering in electric vehicles, two sources familiar with the matter told Reuters. Foxconn has proposed acquiring VinFast’s EV…
Business World Swedish EV Charging Company Charge Amps Raises $15 Million March 19, 2021 Ekemini Swedish maker of electric vehicle charging solutions, Charge Amps, said on Friday it had raised 130 million crowns ($15.3 million) in a funding round led by Swedbank Robur, ahead of…
Business Investing World Oil Extend Losses Amid Gloomy Demand Outlook March 19, 2021 Ekemini Oil prices fell on Friday for a sixth day in a row, down nearly 9% for the week, as a new wave of COVID-19 infections in particular across Europe spurred…
Banking Business World Greensill Creditors Made Over $1.4 Billion In Claims In Australia Meeting: Administrator March 19, 2021 Ekemini Administrators of collapsed British supply chain financier Greensill said on Friday 34 creditors submitted claims of more than A$1.75 billion ($1.35 billion) in a meeting with the company’s Australian parent,…
World Austin On Mission To Deepen India-US Ties, Urged To Raise Russia Deal March 19, 2021 Ekemini Defense Secretary Lloyd Austin was urged by a senior U.S senator to convey Washington’s opposition to India’s proposed purchase of Russian air defence systems as he headed to New Delhi…
Business World Twenty Years On, EU Turns Cold On Mercosur Trade Deal March 19, 2021 Ekemini As the European Union looks forward to a fresh start with the United States under a new president, it is riddled with doubts over another transatlantic relationship. A trade pact…
Business Technology World China’s Small Tech Firms Step Out Of The Shadows As Giants Reel From Regulatory Crackdown March 19, 2021 Ekemini One firm’s loss is another’s gain. China’s smaller technology companies and investors are eager to seize the day as a sweeping crackdown by anti-monopoly regulators on the country’s internet giants…
Business World Dollar Falters As Fed Dashes Early U.S. Rate Hike View March 18, 2021 Ekemini The U.S. dollar fell on Wednesday, after the Federal Reserve said it does not expect to raise interest rates through all of 2023, contrary to market expectations. The dollar index…
Features World Japanese Judiciary Sends Conflicting Signals To Nuclear Industry March 18, 2021 Ekemini Japanese courts delivered conflicting rulings on two nuclear reactors on Wednesday, lifting an injunction on one and slapping a no-restart order on another, highlighting the fitful state of the industry’s…
Business World Nokia Sees Its Comparable Operating Margin Growing To 10-13% In 2023 March 18, 2021 Ekemini Finnish telecom equipment maker Nokia sees its comparable operating margin growing to 10-13% in 2023, it said on Thursday. Nokia said in a statement ahead of presentations to investors later…
Business Investing World Pakistani Province Plans To Build Pilot Crypto Currency Mining Farms March 18, 2021 Ekemini The Pakistani province of Khyber Pakhtunkhwa is planning to build two hydroelectric-powered pilot “mining farms” to capitalise on a bullish global cryptocurrency market, a minister overseeing a new government crypto…
Business Investing World Britain Sets Sights On ‘Big Four’ Auditors In Market Shake-Up March 18, 2021 Ekemini Britain proposed weakening the market grip of “Big Four” auditors on Thursday and making company directors responsible for spotting fraud after the collapses of retailer BHS and builder Carillion. Directors…
