Russia Cuts Interest Rates To A Post-Soviet Union Low
The Central Bank of Russia on Friday cut interest rates by 100 basis points to 4.5%, their lowest level since…
Private jet Flights Surge On Health Fears, Lower Prices
The private-jet industry is seeing a rapid rebound from the coronavirus crisis, as new customers who had never…
BMW To Lay Off 10,000 Contract Workers
BMW (BMWG.DE) will not extend the contracts of 10,000 contract workers, a company source told Reuters on Friday, as…
Coronavirus: Canadian Retail Sales Down Record 26.4% In April
Canadian retail sales plummeted 26.4% in April, posting a record decline for a second consecutive month, as the…
UK Retail Sales Rebound In May As Public Debt Passes 100% of GDP
British retail sales rebounded much more strongly than expected last month as the country gradually relaxed its…
Alibaba And JD.com Handle A Record $136.51 Billion In Sales During Major Chinese…
China's two biggest e-commerce giants Alibaba and JD.com handled $136.51 billion of sales through their…
Twitter Labels Trump’s Tweet As ‘Manipulated Media’
Twitter Inc (TWTR.N) added a ‘manipulated media’ label on a video posted on U.S. President Donald Trump’s Twitter…
Dow Falls More Than 30 Points, But Nasdaq Ekes Out Fifth Straight Gain
The Dow Jones Industrial Average fell for a second straight day on Thursday as investors weighed…
In New Book, Bolton Says Trump Is Unfit To Be President
President Donald Trump came under attack from both sides of the American political spectrum on Thursday as liberal…
Nigeria: FG Suspends Resumption Of Local Flights On June 21
The Federal Government has announced that the June 21 resumption of domestic flights in Nigeria is not feasible.…
Nigeria: CBN To Integrate Non-Interest Window In Its Loans To SMEs, Households
The Central Bank of Nigeria (CBN) announced today that it has unveiled a framework that will integrate a…
UK To Replace Virus-Tracing App With Apple-Google Model
n a major U-turn, the UK is ditching the way its current coronavirus-tracing app works and shifting to a model…
Spotify Signs DC Superheroes For Podcasts
Spotify has announced a deal that will see superheroes and villains from DC Comics and Warner Bros star in…
Trump Renews Threat To Cut Ties With China
President Donald Trump on Thursday renewed his threat to cut ties with China, a day after U.S. Trade Representative…
Turning Off Political Ads On Facebook Could Have Unpredictable Consequences
It seems hard to believe now, but there was a time when political advertising was relatively uncontroversial. Sure,…
McDonald’s To Hire 260,000 Workers As It Reopens U.S. Dining Rooms
McDonald's said Thursday that it would hire 260,000 workers in the United States this summer.…
Trump Says Some Americans Wear Coronavirus Masks ‘To Signal Disapproval Of…
President Donald Trump said some Americans might wear face masks not as a way to prevent the spread of coronavirus…
Wirecard Shares Slump Over Missing €1.9bn
Shares in German payments company Wirecard have fallen more than 60% after the firm said its auditor had raised…
IMF Says Deeper-Than-Expected Contraction In U.S. Economy Likely In Second Quarter
A defacto lockdown in the United States has lasted longer than expected despite a rollback in some restrictions on…
Hertz Seeks Bankruptcy Loan After Suspending Stock Sale
Hertz Global Holdings Inc is in talks for a bankruptcy loan of up to $1 billion to fund its business reorganization…
Supreme Court Rules Against Trump’s Bid To End Program Shielding…
The Supreme Court ruled against President Donald Trump on Thursday in a set of cases over his effort to end the…
Facebook Takes Down Trump Ads Over ‘Organized Hate’ Policy
Facebook Inc (FB.O) said on Thursday it took down posts and ads run by the re-election campaign of U.S. President…
Nigeria: Stock Market Ends Four-Day Decline, Gains N22bn
The gains recorded by Nestle Nigeria Plc, Cadbury Nigeria Plc and eight other quoted companies helped the nation’s…
Nigeria: Naira Slumps To 452/$ As Speculations, Debt Weaken Market
The dollar exchanged for N452 at the parallel market on Wednesday over speculations by operators in the market and…
Coronavirus: Bank Of England Adds Another £100 Billion To Bond-Buying Program
The Bank of England on Thursday added another £100 billion to its quantitative easing program in a bid to shore up…
Amazon Plans To Show Premier League Matches For Free On Prime And Twitch
Amazon has announced that it is making all of its Premier League soccer matches free to watch on Amazon Prime and…
U.S. Weekly Jobless Claims Remain High, Second Wave Of Layoffs Blamed
A second wave of layoffs amid weak demand and fractured supply chains is likely keeping new U.S. applications for…
Nigeria: Inflation Hits 25-Month High At 12.40% In May
Nigeria’s rate of inflation, which is measured by the country’s Consumer Price Index, rose to 12.40 per cent in the…
Nigeria: FG, States, LGs Share N547bn For May
The Federation Accounts Allocation Committee on Wednesday at its virtual meeting shared to the three tiers of…
Stock Futures Flat In Overnight Trading
Stock futures were flat in overnight trading on Wednesday as investors continued to monitor an uptick in new…