Worst Recession In Decades Piles Pressure On EU To Agree New Relief Package
Europe’s top two economies are contracting at their fastest pace in decades, according to forecasts published Wednesday, underscoring the urgent…
Author: Ekemini
French Economy Enters Recession With 6% Drop In First Quarter, Its Worst Since 1945
In its worst performance since 1945, the French economy shrank around six percent in the first quarter of this year…
Coronavirus: France To Extend Virus Lockdown
France is to further extend a lockdown ordered to slow the spread of the coronavirus, with President Emmanuel Macron to…
Nigeria Records 22 New Cases Of Coronavirus
Nigeria has recorded 22 new cases of Coronavirus, 15 in Lagos, four in the Federal Capital Territory, two in Bauchi,…
Coronavirus: Restaurants Are Transforming Into Grocery Stores
About a month ago, Anthony Strong finally opened a dining room for family-style meals in his San Francisco restaurant, Prairie.…
U.S. GDP Will Contract 30% In Second Quarter, 5% In 2020: PIMCO
The forced closure of businesses across the United States and surge in unemployment due to the coronavirus pandemic will force…
Nigeria’s Federal Government Reduces 2020 Budget
The Federal Government has sent new budget proposal to the National Assembly for consideration in view of global economic realities…
GM Gets Contract From U.S Government Worth $489m To Make Ventilators
The United States on Wednesday awarded automaker General Motors Co (GM.N) a contract worth $489.4 million to make ventilators needed…
Tesla To Slash Employee Pay And Furlough Workers
Tesla Inc (TSLA.O) told employees on Tuesday it would furlough all non-essential workers and implement salary cuts during a shut…
1,739 Foreign Nationals Evacuated From Lagos In Two Weeks – FAAN
The Federal Airports Authority of Nigeria on Tuesday said 1,739 foreigners had been evacuated from Nigeria since the closure of…
Honda Reopens Plant in China’s Wuhan With Temperature Checks And Masks
Temperature checkpoints and posters telling workers to keep more than a metre apart at Japanese automaker Honda Motor Co’s reopened…
Global Stocks Turn Negative As Virus Death Toll Mounts
World stocks turned negative on Wednesday as the coronavirus death toll mounted and euro zone finance minister failed to agree…
Oil Holds Near $32 Ahead Of OPEC-led Talks On Output Cuts
Oil steadied near $32 a barrel on Wednesday, supported by hopes that a meeting between OPEC members and allied producers…
7 Of The Most Important Enterprise Tech Trends Amid The Coronavirus Crisis That Could Make Or Break The Stocks Of Tech Giants
7 of the most important enterprise tech trends amid the coronavirus crisis that could make or break the stocks of enterprise tech giants like Microsoft, Oracle, Salesforce, Dell or Intel
‘Big Short’ Michael Burry Has A Bearish Bet And Warns Of A Selling Stampede
‘The Big Short’ investor says passive ‘bubble’ may be ending. Central bank stimulus can’t do much to help, Burry says
Amazon Says It May Fire Workers Who Violate Social Distancing Guidelines
Amazon said it may begin firing employees who “intentionally violate” the company’s social distancing guidelines, despite complaints from workers who…
Sony Unveils Its New PlayStation 5 Controller, The DualSense
Sony revealed more details about its new PlayStation 5 controller on Tuesday and said that it’s starting to ship the…
Twitter’s CEO, Jack Dorsey Pledges $1bn For Coronavirus Relief Efforts
Square Inc and Twitter Inc (TWTR.N) chief executive officer Jack Dorsey has said he is pledging $1 billion of his…
Oil Falls To $32 After OPEC Postpones Meeting
The international oil benchmark, Brent crude, fell on Monday after Saudi Arabia and Russia postponed a meeting to discuss output…
Nigeria’s Fed Govt To Suspend Payment Of Interest On Debts Owed By State Governments
The President, Major-General Muhammadu Buhari (retd.), has approved the suspension of the payment of interest on debts owed by state…
No Buyer Has Rejected Nigeria’s Crude, NNPC Says
No buyer of Nigerian crude oil has returned or rejected it despite the glut in global crude oil market, the…
Coronavirus: Robots Replace Japanese Students At Graduation
Spring graduation ceremonies in Japan have been cancelled because of the coronavirus pandemic, but students at one school were able…
WhatsApp Limits Message Forwarding To Curb Spread Of Misinformation
Facebook Inc’s (FB.O) WhatsApp tightened message forwarding limits on Tuesday, restricting users to sharing forwarded content one chat at a…
Scammers Try Selling World’s Tallest Statue As Lockdown Boosts India’s Cyber Crime
Police in India lodged a case this week against an unknown online fraudster who tried selling the world’s largest statue…
Nigerian Economy Will Contract Without Stimulus – Finance Minister
Nigeria, Africa’s most populous country, may fall into recession this year if an economic stimulus plan isn’t put in place…
Nigeria Won’t Seek Eurobond Waiver, Looks To China For Debt Relief
Nigeria won’t seek a suspension of interest payments from its Eurobond holders, but will seek debt relief from China as…
Coronavirus: Sex Workers Forced To Go Digital
Most sex workers meet customers in person. For them, the coronavirus spells economic ruin. “The virus is a disaster for…
Calls For Debt Relief For Developing Economies Intensifies
More than 100 global organisations are calling for debt payments of developing countries to be dropped this year. These countries…
Petrol Subsidy Gone Forever, Says NNPC
The era of subsidy on petrol is gone forever, the Group Managing Director, Nigerian National Petroleum Corporation, Mele Kyari, said…
Fitch Downgrades Nigeria To ‘B’ Negative Outlook
Fitch Ratings has downgraded Nigeria’s long-term foreign-currency issuer default rating to ‘B’ from ‘B+, which means the outlook is negative.…