German Insurers Expect Up To $6.5 Billion In Storm Claims
German insurance industry association GDV estimates that there will be up to 5.5 billion euros ($6.5 billion) in claims from…
Author: akintunde
North, South Korea In Talks Over Summit, Reopening Liaison Office
North and South Korea are in talks to reopen a joint liaison office that Pyongyang demolished last year and hold…
Microsoft Set To Report Earnings After The Bell
Microsoft will release its fiscal fourth-quarter earnings report after market close Tuesday. Here’s what analysts are expecting: Earnings: $1.92 per…
Gold Subdued As Investors Await Cues From United State Federal Reserve Meeting
Gold prices lingered below the key $1,800 per-ounce level on Tuesday, as investors maintained a cautious stance ahead of the…
Kenyan Entrepreneur Turns Water Hyacinth Weed Into Cooking Fuel
A project in Kenya is using biogas technology to tackle two major pollution problems with one device: a machine that…
Coffee Prices Surge As Unusual Cold Threatens Brazilian Production
Arabica coffee prices rose 10% more on Monday, after jumping nearly 20% last week, to their highest in nearly…
London Judges Agree To Reopen $7 Billion Brazil Dam Lawsuit Against Anglo Mining Giant BHP
London’s Court of Appeal agreed on Tuesday to reopen a major lawsuit against Anglo-Australian mining giant BHP, reviving a $7 billion…
One Dead, Four Missing After Explosion Rocks German Chemicals Site
One person is dead and four are missing after an explosion rocked an industrial park in the western German city…
China Is Still Falling Short Of Meeting An Agreement To Reduce Its United State Trade Surplus
China’s purchases of U.S. goods are still falling short of trade agreement levels, even as overall Chinese imports from the…
Housing Boom Is Over In United State As New Home Sales Fall To Pandemic Low
Sales of newly built homes dropped in June to the lowest level since the early days of the coronavirus pandemic…
United State Manufacturers Take A Double Hit From Labor And Materials
Calder Brothers Corp is under pressure to raise wages after rivals lured away some of its workers. A few others…
U.S Federal Reserve Facing Twin Inflation, Growth Risks As Virus Jumps And Supply Chains Falter
U.S. Federal Reserve divided over how to respond to fast-rising prices meets this week with the fresh complication of increased…
Stock Market Rebounds With N376bn Weekly Gain
Stock trading on the floor of the Nigerian Exchange Limited rallied with a total gain of N375.50bn last week despite…
Virtual Events Platform Eventtus Is Acquired By US Firm Bevy
Egyptian virtual events platform, Eventtus has been acquired by Bevy, a Silicon Valley-based company that specialises in enterprise-grade virtual event…
Africa-Focused Credit Fund, BluePeak, Hits The First Close Of Its Maiden $200 million Credit Fund
Africa-focussed alternative asset management firm BluePeak Private Capital has hit the first close of its maiden $200 million credit fund,…
Egypt-Based Elmenus Raises US$10 Million In A Pre-Series C Round
Elmenus, an Egyptian food discovery and ordering platform, has secured US$10 million in a new funding round from MENA- and…
Electric Vehicles Charging Station Debuts In Lagos
Vehicle electrification in Nigeria got a boost this week as the federal government commissioned another solar powered electric vehicle charging…
Covid 19 World Update: U.S. Passes 100 Million Doses; California Eases; WHO Backs Astra & List J&J For Emergency Use
The U.S. passed the milestone of administering more than 100 million Covid-19 shots. California said 13 counties can ease restrictions,…
Bitcoin Intraday Trading Pattern Emerges As Institutions Pile In
Bitcoin has shown a tendency lately to clock its intraday low in the Asian or European session, and end near…
What Happens When Robinhood Traders Walk Out Of The Stock Market?
The findings support the view that the popularity of zero-commission brokers has attracted a new type of uninformed equity-market participant
Bankrupt Car Rental Firm Hertz Secures $1.65 Billion In Financing, Shares Soar
Bankrupt car rental company Hertz Global Holdings Inc said on Friday it had lined up $1.65 billion in debtor-in-possession financing,…
Brexit Brinkmanship: Johnson Says Prepare For No-Deal, Cancels Trade Talks
Prime Minister Boris Johnson said on Friday it was now time to prepare for a no-trade deal Brexit unless the…
Wall Street Bank Trading Boom Does Little To Assuage Concerns About Lending
As Wall Street banks reported quarterly results this week, investors wondered about the staying power of the trading bonanza that…
Bashir Jamoh Replaces Peterside As NIMASA DG
The President, Major General Muhammadu Buhari (retd.), has approved the appointment of Bashir Jamoh as the Director-General of the Nigerian…
China overtakes Germany as biggest containership nation
CHINA has overtaken Germany as the biggest nation in the container shipping sector in terms of total TEU. “The fact…
Unity Bank seeks more investment in creative industry
Unity Bank Plc has advocated more investments in the creative industry to drive its contribution to the Nigerian economy. Its Head,…
NOVA Merchant Bank records N1.65bn profit
NOVA Merchant Bank Limited says its profit after tax rose by 44 per cent to N1.65bn at the end of…
Zimbabwe in ‘economic and humanitarian crisis’ as IMF sounds alarm
Zimbabwe is facing an “economic and humanitarian crisis” amid a lethal cocktail of macroeconomic instability, climate shocks and policy missteps,…
Petrol subsidy cost drops 22.5%
The Federal Government, through the Nigerian National Petroleum Corporation, NNPC, paid N43.09 billion as subsidy on Premium Motor Spirit, PMS,…