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Category: World

A Tsunami Of Bankruptcies Are About To Wash Away America’s Retail Sector
World

A Tsunami Of Bankruptcies Are About To Wash Away America’s Retail Sector

As the coronavirus pandemic keeps America’s retail stores closed, Michael McGrail is gearing up for what is shaping up to…

byEkeminiApril 20, 2020
Coronavirus: Branson Believes Virgin Atlantic Will Collapse Without Government Bailout
World

Coronavirus: Branson Believes Virgin Atlantic Will Collapse Without Government Bailout

Virgin Atlantic will only survive the coronavirus outbreak if it gets financial support from the British government, the airline’s founder…

byEkeminiApril 20, 2020April 20, 2020
US Rapper, The Game Loses Record Label And Profits From Latest Album To Sexual Assault Accuser
World

US Rapper, The Game Loses Record Label And Profits From Latest Album To Sexual Assault Accuser

The record label of American rapper, The Game and all profits from the sale of his last album “Born 2…

byEkeminiApril 20, 2020April 20, 2020
Coronavirus: Europe Needs €1 Trillion To Recover
World

Coronavirus: Europe Needs €1 Trillion To Recover

Pandemic wracked Europe will need at least another 500 billion euros from European Union institutions to finance its economic recovery.…

byEkeminiApril 20, 2020
Sanofi Partners GSK on Vaccine against COVID-19
World

Sanofi Partners GSK on Vaccine against COVID-19

GlaxoSmithKline and Sanofi will join forces to speed up production of a vaccine. Sanofi’s flu vaccine will be added to GSK’s booster to make doses last longer. Trials will start in the middle of this year with a drug likely available mid-2021.

byEkeminiApril 20, 2020
Consumer Spending Will Drop After The Great Stockpiling: Capital Economics
World

Consumer Spending Will Drop After The Great Stockpiling: Capital Economics

Consumer spending across the world is expected to take a hit in the second quarter of 2020 as sheltering in…

byEkeminiApril 19, 2020
U.S Stocks Post Gain For Second Straight Week
World

U.S Stocks Post Gain For Second Straight Week

US stocks soared on Friday, giving markets their second week of gains in a row. This hasn’t happened since the first half of February.…

byEkeminiApril 19, 2020
Investors Fired Up By Signs Experimental Drug Can Treat Coronavirus
World

Investors Fired Up By Signs Experimental Drug Can Treat Coronavirus

Investors around the world are fired up by signs that an experimental drug made by Gilead Sciences is helping some…

byEkeminiApril 19, 2020
UK Not Thinking Of Easing Virus Lockdown Measures Yet, Minister Says
World

UK Not Thinking Of Easing Virus Lockdown Measures Yet, Minister Says

Britain is not considering lifting the lockdown enacted almost four weeks ago to control the coronavirus outbreak given “deeply worrying”…

byEkeminiApril 19, 2020
Canada-U.S Border Restrictions Extended For Another 30 Days
World

Canada-U.S Border Restrictions Extended For Another 30 Days

Canada and the United States have agreed to extend border restrictions for another 30 days to help control the spread…

byEkeminiApril 18, 2020
U.S. Banks Seek Term Changes As Fed Finalizes Main Street Lending Program
World

U.S. Banks Seek Term Changes As Fed Finalizes Main Street Lending Program

U.S. banks are pushing the Federal Reserve to change the terms of a $600 billion lending program for small and…

byEkeminiApril 18, 2020
Coronavirus: Queen Elizabeth Cancels Birthday Plans
World

Coronavirus: Queen Elizabeth Cancels Birthday Plans

Britain’s Queen Elizabeth will not celebrate her 94th birthday in any special way and has asked that there be no…

byEkeminiApril 18, 2020
Ford Raises $8 billion Debt Securities After Virus Causes $2 billion Loss
World

Ford Raises $8 billion Debt Securities After Virus Causes $2 billion Loss

Ford Motor Co (F.N) on Friday raised $8 billion from corporate debt investors to shore up its cash reserves as…

byEkeminiApril 18, 2020
United Says Demand For Travel Is ‘Essentially Zero’ And Signals Layoffs
World

United Says Demand For Travel Is ‘Essentially Zero’ And Signals Layoffs

Air passenger traffic has virtually vanished, prompting airlines to slash their schedules. But cargo still needs to move by air.…

byEkeminiApril 18, 2020
Walmart Plans To Hire 50,000 Additional Employees To Keep Up With Demand
World

Walmart Plans To Hire 50,000 Additional Employees To Keep Up With Demand

said Friday that it has reached its goal of hiring 150,000 additional employees. Now, it said it plans to add 50,000…

byEkeminiApril 18, 2020
Recovered Coronavirus Patients Are Testing Positive Again
World

Recovered Coronavirus Patients Are Testing Positive Again

In South Korea, health officials are trying to solve a mystery: why 163 people who recovered from coronavirus have retested…

byEkeminiApril 18, 2020April 18, 2020
Lagos State Records 32 New Cases Of Coronavirus
World

Lagos State Records 32 New Cases Of Coronavirus

Lagos State has recorded 32 new coronavirus cases, bringing the state total to 283, the Nigeria Centre for Disease Control…

byEkeminiApril 18, 2020
Volkswagen And Toyota Will Begin Reopening European Car Plants Next Week
World

Volkswagen And Toyota Will Begin Reopening European Car Plants Next Week

The world’s biggest carmakers will gradually reopen plants in Europe starting next week, but with a focus on health and…

byEkeminiApril 17, 2020
People Are Still Buying Beauty Products Despite Not Leaving Home
World

People Are Still Buying Beauty Products Despite Not Leaving Home

Demand for beauty products appears to be holding up even though hundreds of millions of consumers are not leaving their…

byEkeminiApril 17, 2020
The US Dollar Is Still King During The Coronavirus
World

The US Dollar Is Still King During The Coronavirus

The economic shock of the last few weeks has shaken the United States economy, erased the last two and a…

byEkeminiApril 17, 2020April 17, 2020
Oil Crashes Below $18, The Cheapest Since 9/11
LocalWorld

Oil Crashes Below $18, The Cheapest Since 9/11

President Donald Trump’s victory lap for convincing Russia and Saudi Arabia to cut production looks awfully premature. US oil prices…

byEkeminiApril 17, 2020April 17, 2020
COVID-19: China Hiding Information, Not Transparent – President Macron
World

COVID-19: China Hiding Information, Not Transparent – President Macron

French President, Emmanuel Macron has dismissed the idea that China’s handling of the Coronavirus epidemic was transparent. Macron said there…

byEkeminiApril 17, 2020April 17, 2020
Arsenal Players Set To Become First In Premier League To Agree Pay Cut
World

Arsenal Players Set To Become First In Premier League To Agree Pay Cut

Arsenal players are set to be the first in the Premier League to agree to a pay cut after being…

byEkeminiApril 17, 2020
Jeff Bezos Reveals What The U.S Needs To Do Before Reopening The Economy
World

Jeff Bezos Reveals What The U.S Needs To Do Before Reopening The Economy

The pressure is rising in the U.S. economy. Another 5.245 million Americans filed for unemployment insurance last week. In just four…

byEkeminiApril 17, 2020
Don’t Expect Crude Demand Recovery Before July, Says OPEC
World

Don’t Expect Crude Demand Recovery Before July, Says OPEC

The demand for crude oil will not recover till the second half the year, the Organisation of Petroleum Exporting Countries…

byEkeminiApril 17, 2020
China’s First Quarter GDP Shrinks For The First Time
World

China’s First Quarter GDP Shrinks For The First Time

China’s economy contracted for the first time on record in the first quarter as the coronavirus shut down factories and…

byEkeminiApril 17, 2020
22m Americans File For Jobless Claims
World

22m Americans File For Jobless Claims

After three consecutive weeks of jobless claims in the millions, another 5.245 million Americans filed for unemployment benefits for the…

byEkeminiApril 17, 2020April 17, 2020
Uber Withdraws Forecast And Will Write Down About $2 Billion
World

Uber Withdraws Forecast And Will Write Down About $2 Billion

Uber Technologies Inc. withdrew its financial guidance for 2020 and said it will write down about $2 billion in investments…

byEkeminiApril 16, 2020
Nasdaq Rises As Amazon And Netflix Surge To Record Highs
World

Nasdaq Rises As Amazon And Netflix Surge To Record Highs

The Nasdaq rose in afternoon trading on Thursday as Amazon.com and Netflix surged to record highs, while worries about first-quarter…

byEkeminiApril 16, 2020
Half Of The World Has Asked For A Bailout – IMF
World

Half Of The World Has Asked For A Bailout – IMF

Half of the world’s countries have approached the International Monetary Fund for emergency loans to weather the financial crisis sparked…

byEkeminiApril 16, 2020

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