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World

Coronavirus: US To Borrow Record $3tn As Spending Soars

May 8, 2020 0
The US has said it wants to borrow a record $3tn (£2.4tn) in the second quarter, as coronavirus-related rescue…
World

Coronavirus Sends U.S Unemployment Rate To 14.7%

May 8, 2020 0
The US unemployment rate has risen to 14.7%, with 20.5 million jobs lost in April, as the coronavirus pandemic…
World

80 Million Chinese May Already Be Out Of Work

May 8, 2020 0
Wang is used to job hunting in China. The 26-year old tech worker spent the last year jumping from one startup…
Business

Uber Says ‘No Sacred Cows’ Amid Coronavirus Crisis

May 8, 2020 0
Uber has warned it may scale back parts of the business as it tries to navigate through the coronavirus crisis.…
Local

Nigeria: Petrol Price Reduction Won’t Be Immediate, Says Marketers

May 8, 2020 0
The latest reduction in the ex-depot price of petrol to N108 per litre will not translate to an immediate drop in…
World

What Will Staying In A Hotel Look Like In The Near Future?

May 8, 2020 0
Goodbye, breakfast buffets and bellhop service. Hello, temperature screening and keyless check-in. While…
World

U.S., China Trade Officials Press Ahead With ‘Phase 1’ Deal As Trump…

May 8, 2020 0
U.S. President Donald Trump, critical of China’s early handling of the coronavirus outbreak in the city of Wuhan in…
Business

Walmart And Other U.S Superstores Are Still Hiring As Other Industries Purge…

May 8, 2020 0
Amid the carnage of the U.S. employment report for April was one bright spot: superstores led by Walmart Inc…
Business

J.C. Penney To File For Bankruptcy As Soon As Next Week

May 8, 2020 0
J.C. Penney Co Inc (JCP.N) is preparing to file for bankruptcy protection as soon as next week with plans to…
Business

Tesla Aims To Restart Fremont Plant On Friday

May 8, 2020 0
Tesla Inc is aiming to restart production in its U.S. car plant in Fremont, California on Friday afternoon,…
World

Canada Loses Record 2 Million Jobs; Temporary Layoffs Hide Extent Of Damage

May 8, 2020 0
Canada lost a record-breaking 2.0 million jobs in April while the unemployment rate surged to a near-record high…
Local

Markets Start Pricing In Negative U.S. Interest Rates For First Time

May 8, 2020 0
Financial markets began pricing in a negative U.S. interest rate environment for the first time on Thursday, a…
Business

Africa’s Wealthiest City Says 1 Million People Need Food Aid

May 8, 2020 0
Almost one million people in Johannesburg, South Africa’s commercial hub, are in need of food aid due to movement…
World

US Unemployment Claims Hit 33.3 million Amid Virus

May 7, 2020 0
A further 3.2 million Americans sought unemployment benefits last week as the economic toll from the coronavirus…
Africa

South African MPs’ Zoom Meeting Hacked With Porn

May 7, 2020 0
A virtual meeting held by a South African parliamentary committee has been hacked and the speaker abused. The…
Business

Wave of U.S. Bankruptcies Builds Toward Worst Run in Many Years

May 7, 2020 0
First, J. Crew. Now Neiman Marcus. Flashing red: J.C. Penney, Hertz and many more. Get ready for what could be the…
World

NY Gov. Cuomo Says He Won’t Sacrifice Human Lives to Reopen The Economy

May 7, 2020 0
New York Gov. Andrew Cuomo said Thursday that he’s not willing to trade people’s lives to reopen the state’s…
World

Oil Slips With Glut Concerns Reversing Saudi Price Hike Boost

May 7, 2020 0
Oil fell in a day of wild price swings as investors weighed supply-and-demand fundamentals against Saudi Arabia’s…
Business

Facebook Will Allow Most Employees To Work From Home Through End Of 2020

May 7, 2020 0
Facebook CEO Mark Zuckerberg will announce Thursday that most of its employees will be allowed to continue to work…
Investing

Wall Street Gets PayPal Lift As Nasdaq Wipes Out 2020 Declines

May 7, 2020 0
Wall Street’s indexes climbed on Thursday, with the Nasdaq erasing losses for 2020, following a clutch of upbeat…
Business

Uber Posts $2.9 billion Loss, But Sees Encouraging Signs In Reopening Markets

May 7, 2020 0
Uber Technologies Inc (UBER.N) said on Thursday it saw encouraging signs in markets hit by the coronavirus epidemic…
Business

Dropbox Quarterly Revenue Beats Estimates

May 7, 2020 0
Dropbox Inc’s (DBX.O) quarterly revenue beat Wall Street estimates on Thursday, as the file-hosting company signed…
Local

Why Disney+ Is Now A Blessing And A Burden For Disney

May 7, 2020 0
The coronavirus pandemic hobbled Disney's media empire — except for one, major success story: Disney+. The…
World

The US Is Becoming The King Of Debt. It’s A Necessary Risk

May 7, 2020 0
President Donald Trump is living up to his self-given nickname "King of Debt." On his watch, the United States has…
Business

Nintendo Profits Soar 41%, Mainly From ‘Animal Crossing’

May 7, 2020 0
The success of the Nintendo Switch during the coronavirus pandemic propelled the Japanese video company to a banner…
Local

Nigeria: Despite Lockdown, Stock Market Investors Gain N897bn

May 7, 2020 0
Notwithstanding the lockdown the Nigerian economy witnessed in April over the ravaging CODIV-19 pandemic, the stock…
World

Aviation Industry – The Shape Of Things To Come

May 7, 2020 0
Things have fallen apart in global aviation since COVID-19 pandemic enveloped the sector. Airlines, airport…
Business

Virgin Media And O2 Agree On $39 Billion Merger To Create A New UK Telecom Giant

May 7, 2020 0
Liberty Global and Telefonica have agreed to combine their U.K. operations in a deal that will create a new…
World

Argentina On The Brink Of Its Ninth Sovereign Default

May 7, 2020 0
Argentina is highly likely to slip into default this month, analysts have told CNBC, as the crisis-prone South…
World

Bank Of England Warns Of Deepest Recession On Record

May 7, 2020 0
The Bank of England has warned that the UK economy is heading towards its deepest recession on record. The impact…
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