Google Commits $175 Million To Black Businesses And Promises To Diversify Leadership
Google and Alphabet CEO Sundar Pichai told employees it will commit to more than $175 million toward funding more Black…
Author: Ekemini
Volkswagen To Pay $267 Million For Audi Buyout
Volkswagen will pay a 48% premium to buy out the minority shareholders of premium division Audi, Audi said on Tuesday.…
Trump Sought China’s Xi’s Help To Win Re-Election, Bolton Alleges
In a series of bombshell allegations, U.S. President Donald Trump’s former national security adviser, John Bolton, said on Wednesday that…
Hertz Halts Plan To Sell $500 Million In Shares After SEC Review
Hertz has suspended its plan to sell up to $500 million in shares pending review by the Securities and Exchange…
Beijing Extends Movement Curbs To Contain Resurgent Coronavirus
China’s capital cancelled scores of flights, shut schools and blocked off some neighbourhoods as it ramped up efforts to contain…
HSBC Revives Plan To Cut 35,000 Jobs, According To An Internal Memo
HSBC is resuming a massive redundancy plan it had put on ice after the coronavirus outbreak, and will cut 35,000…
UK’s Supreme Court Rules Against Mastercard, Visa In Retailers’ Fees Battle
Britain’s highest court on Wednesday upheld an earlier Court of Appeal ruling that credit card companies Visa (V.N) and Mastercard…
Tensions Between North And South Korea To Escalate Further After Pyongyang Bombed Joint Office
Tensions between the two Koreas may continue to rise after a joint liaison office in a border town was blown up,…
Russia Could Cut Interest Rates To A Historic Low
The Central Bank of Russia (CBR) is expected to cut its benchmark interest rate on Friday to its lowest level…
Nigeria: Appointment Of Mr. Babalola Obilana As The New Director-General Lagos State Pension Commission
The Lagos state Governor Mr Babajide Sanwoolu has approved the appointment of Mr Babalola Obilana as the Director General of…
Nigeria: Sanwo-Olu Re-Jigs Security, Employment Trust Fund Boards
Lagos State Governor, Mr. Babajide Sanwo-Olu has approved the reconstitution of the Lagos State Employment Trust Fund (LSETF) and the…
Nigeria Needs To Spend 18% GDP On Infrastructure – IMF
The International Monetary Fund has estimated additional spending of 18 percentage points of Gross Domestic Product by 2030 for Nigeria…
30% Of Americans Missed Their Housing Payments In June
As the United States continues to face record unemployment due to the coronavirus pandemic, 30% of Americans missed their housing…
US Airlines May Ban Passengers If They Don’t Wear Face Masks
United and American Airlines said Monday that they will temporarily ban passengers who don’t comply with a new industry-wide mandatory…
Huawei CFO Raises New Argument To Fight U.S. Extradition In Canada Court
Huawei Chief Financial Officer Meng Wanzhou is raising a new argument in a Canadian court in a bid to fight…
AT&T Set To Cut Thousands Of Jobs And Close 250 Stores
AT&T reportedly plans to cut more than 3,400 technician and clerical jobs across the country and close stores over the…
Saudi Oil Exports To U.S. Plunge To Lowest Level In 35 Years
After flooding the U.S. with crude earlier this year, Saudi Arabia has all but cut off the taps to the…
Ruling Against Saudis May Affect Newcastle Deal
Saudi Arabia violated the World Trade Organization’s intellectual-property rules when it failed to crack down on pirated broadcasts of Qatari…
Oracle Misses Revenue Estimates On Delayed Sales Orders
Business software maker Oracle Corp reported quarterly revenue below Wall Street targets on Tuesday, hurt by weaker sales in its…
U.S. Bank Profits Plunge 70% On Coronavirus Loss Provisioning
U.S. bank profits fell by 69.6% to $18.5 billion in the first quarter of 2020 from the year prior as…
Trump Signs Executive Order On Police Reform After Weeks Of Protests
US President Donald Trump has signed an executive order introducing several police reforms while rejecting calls to defund or dismantle…
Dow Jumps More Than 500 Points As Wall Street Cheers Record Retail Sales Comeback
Stocks rose on Tuesday as a record jump in retail sales — coupled with positive trial results from a potential…
US Retail Sales Increased 17.7% In May After Biggest Decline In History
Retail sales in the US increased by more than 17 per cent in May, according to figures released by the…
EU Launches Anti-Trust Probes Into Apple’s App Store And Apple Pay
The European Commission announced Tuesday that it’s launching two antitrust investigations into Apple’s App Store rules and the Apple Pay…
Coronavirus: AfDB Forecast $88.3 Billion Drop In Africa’s GDP
The African Development Bank (AfDB) has projected that the ongoing Coronavirus (COVID-19) pandemic ravaging economies globally could cause Africa’s Gross…
TikTok Clone Zynn Removed From The iOS App Store
Zynn, the Chinese video sharing app that’s a near button-for-button clone of TikTok, has been removed from Apple’s App Store.…
Facebook Launches WhatsApp Digital Payment Service
WhatsApp has launched its digital payments service in Brazil as the messaging app capitalises on its popularity in emerging markets.…
North Korea Blows Up Joint Liaison Office With South In Kaesong
North Korea has blown up a joint liaison office with the South near the North’s border town of Kaesong. The…
U.S. And China Both Topple In Rankings Of The Best Places To Work And Do Business
While major countries vie for economic dominance, smaller nations could actually be more effective locations for individuals to work and…
China’s Economy May Grow 3% In 2020, Government Researcher Says
China’s economy may grow 3% this year as the government ramps up policy support, said Zhang Ming, a researcher at…