Oil Reverses Early Gains As OPEC+ Deal Fails To Revive Prices
Oil declined after an initial jump as an historic deal among the world’s top producers to cut global output by…
Category: World
Coronavirus Pandemic Reveals Widening Digital Gap — UN
The United Nations Conference on Trade and Development says the global crisis brought on by the coronavirus pandemic has further…
ACCA Research Shows 82% of Firms Are Expecting Negative Revenue Growth
A research conducted by the Association of Chartered Certified Accountants research shows that about 82 per cent of firms expect…
Coronavirus: Rising Unemployment Threatens China’s Poverty Targets
Although China is claiming success in its battle against the coronavirus, millions have lost their jobs in the economic fallout,…
Talks To Cut The World’s Oil Production Drag On For A Third Day
The world’s largest oil producers were still grasping for a deal to rescue energy markets from a coronavirus-induced collapse after…
These Countries Are Reopening — Here’s How They’re Doing It
People in the Czech Republic can now shop at hardware and bicycle stores, play tennis and go swimming. Austria plans…
How The Pandemic Wiped Out Global Oil Demand
Global oil demand is being destroyed as the coronavirus forces people around the world to remain indoors and avoid all…
Nigeria Joins OPEC To Cut Crude Oil Production
The Federal Government of Nigeria has said it has joined OPEC + to cut crude oil supply by up to…
High U.S Unemployment To Persist Until 2021
After a widely expected and sharp drop in the U.S. economy over the next three months, a panel of top…
Coronavirus: Pandemic May End Japan’s Fiscal Experiment
The huge cost of the coronavirus pandemic is upending Japan’s seven-year experiment to rescue the economy from its debt timebomb,…
Global Oil Cut Agreement In Jeopardy As Mexico Declines To Cut Production
Oil producers in the OPEC+ group, led by Saudi Arabia and Russia, were expected to pressure Mexico on Friday to…
OPEC+ Confirms Agreement On Cuts Of 10m Bpd In May, June
OPEC and allied oil producers, a group known as OPEC+, agreed on Thursday to cut output by 10 million barrels…
Nigeria And 89 Other Countries Eye $100b IMF Loans
Nigeria and 89 other global economies have indicated interest to borrow at least $100 billion emergency fund from International Monetary…
Global Cases reach 1.6 Million; Johnson Out Of ICU
The number of confirmed cases has reached nearly 1.6 million globally as of April 10, according to data collected by Johns Hopkins University and Bloomberg News. U.S. cases now stand at 461,437 compared to Spain with 153,222 as the next highest country. New York state reported the fewest hospitalizations since the outbreak began, even as deaths hit another high.
Wall Street Gets Its Bull Back In Four Dramatic, Dizzying Days
U.S. benchmark returns to bull market as Fed steps up response. Shortened week is not short of action as virus chaos continues.
S&P 500 Caps Best Week Since 1974 After Fed Acts
Gold reached a 7-year high as haven demand for the metal rose. Oil drops even after Saudis, Russia forge pact on cuts. Powell Sees Every Reason to Think U.S. Can Recover ‘Fairly Quickly’
Dealmakers Are Turning to Drones To Help Complete Transactions
Coty’s beauty unit bidders may use drones for due diligence. Latest innovation for salvaging deals in social-distancing age
Trump Says Tentative Russia-Saudi Oil Pact ‘Very Acceptable’
President had conference call with Putin, Saudi crown prince. In a weak market, Trump is now pushing for higher oil prices.
Coronavirus: TikTok Pledges $250m for Relief Efforts
TikTok, the fast-growing mobile video app, pledged Thursday to contribute $250 million to coronavirus relief efforts around the world. The…
16.8 Million Americans Have Filed For Unemployment In Past 3 Weeks
A staggering 16.8 million Americans have filed for unemployment benefits in the last three weeks, with weekly new claims topping…
French Court Rules Google Must Pay News Firms For Content
France’s competition authority ruled on Thursday that Google must pay French publishing companies and news agencies for re-using their content.…
Southampton Becomes First PL Club To Announce Players Will Defer Salaries
Southampton on Thursday became the first Premier League club to announce their players will defer several months of their salaries…
Russia, Saudi To Discuss Oil Output, As U.S Resists Joining
OPEC and Russia meet on Thursday to try to agree to record oil output cuts but their efforts to address…
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…
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…
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.…
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…