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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…
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 10 million barrels…
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 business…
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…
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 per…
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…
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…
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…
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…
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…
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…
Coronavirus: TikTok Pledges $250m for Relief Efforts
TikTok, the fast-growing mobile video app, pledged Thursday to contribute $250 million to coronavirus relief…
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…
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…
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…
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 the slump…
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…
French Economy Enters Recession With 6% Drop In First Quarter, Its Worst Since…
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…
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…
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…
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…
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…
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…
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…
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…
‘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…
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,…
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…