Nigeria: NNPC Reduces Ex-Depot Price Of Petrol To N108
The Nigerian National Petroleum Corporation (NNPC) has announced a reduction in the ex-depot price of Premium Motor…
Spain Lawmakers Extend COVID-19 State Of Emergency
Spain’s parliament on Wednesday voted to extend the country’s state of emergency, allowing stringent coronavirus…
Polish Ruling Parties Strike Deal To Postpone Presidential Election
Poland’s ruling Law and Justice (PiS) party and its junior coalition partner reached a deal to allow for a…
Lyft Sees Rider Demand Improve In Late April, ‘On Path To…
Lyft Inc (LYFT.O) on Wednesday posted higher-than-expected revenue and the ride-hailing company vowed further cost…
T-Mobile Beats Phone Subscriber Estimates As Lockdown Creates Demand Surge
T-Mobile US Inc (TMUS.O) added more monthly bill paying phone subscribers than expected in the first quarter,…
South African Business Calls For Accelerated Restart of Economy
South Africa’s biggest business grouping urged the government to accelerate its phased approach to restarting the…
Coronavirus: EU Facing ‘Deep And Uneven Recession’
The European Union faces a deep and uneven recession, according to a new forecast from the EU's Commission.
The…
Germany Says Football Can Resume And Reopen Shops As Lockdown Is Eased
Chancellor Angela Merkel has said Germany's goal of slowing the spread of coronavirus has been achieved, so all…
Nigeria: FG Extends Flight Ban By Four Weeks
The federal government has extended the ban imposed on local and international flights by four weeks.
President…
Nigeria’s Oil Revenue Dries Up And May Be So For Next 3 Years
Despite Brent-crude futures rallying in recent weeks, Nigeria, is facing a fast-looming future without reliance on…
Pfizer Begins Human Testing For Experimental Coronavirus Vaccine In The US
Pfizer said Tuesday it has begun testing an experimental vaccine to combat the coronavirus in the United States.…
General Motors Posts $294 Million Profit In The First Quarter Despite Crippling…
General Motors said Wednesday it eked out a $294 million profit for the first quarter despite the fallout from…
GM To Practice Social Distancing At Car Factories Once They Reopen
GM’s factories in North America will reopen for the business of making cars on May 18, the automaker revealed in…
Stocks Shed Gains, As American Private Sector Cuts 20.2 Million Jobs in April
Stocks pared some gains Wednesday to trade little changed, as investors continued to price in the possibility of…
Where’s The beef? Wendy’s Turns To Chicken To Prop Up Sales
Wendy’s Co (WEN.O) said on Wednesday it would focus on marketing its chicken products as it grapples with beef…
Qatar Airways Expects To Re-Open Routes This Month
Qatar Airways said on Wednesday it would this month start to rebuild its network, in anticipation countries will…
Samsung Heir Lee Apologises Over Succession, Won’t Hand Control To Children
Samsung Group heir Jay Y. Lee, embroiled in a bribery scandal, on Wednesday made a rare apology over controversial…
World Shares Subdued Amid Mixed Earnings; Oil Falters
Global shares struggled on Wednesday as mixed earnings, doubts about the easing of coronavirus lockdowns and…
U.S. Airlines Burn Through $10 Billion A Month As Traffic Plummets
U.S. airlines are collectively burning more than $10 billion in cash a month and averaging fewer than two dozen…
IMF Disburses $3.4 Billion Loan To Nigeria
BARELY 24 hours after receiving $311 million Abacha loot from the United States and the Island of Jersey, the…
Disney Earnings Plummet More Than 90% As Coronavirus Wipes Out More Than $1…
Walt Disney Co. profit dove more than 90% in the second quarter, an example of the drastic effects on the company…
Nigeria: Budget: FG To Revise Oil Benchmark To $20 Per Barrel
The Federal Government on Tuesday revealed plans to cut the oil price benchmark for the 2020 budget to $20 per…
U.S. Trade Deficit Widens, Services Sector Contracts Amid Coronavirus
The U.S. trade deficit increased by the most in more than a year in March as a record drop in exports offset a…
California Sues Uber, Lyft Over Misclassifying Drivers As Contractors
California and three of its largest cities on Tuesday sued Uber Technologies Inc (UBER.N) and Lyft Inc (LYFT.O),…
BMW Cuts Margin Outlook For Cars Division, Citing Coronavirus Woes
BMW (BMWG.DE) on Tuesday lowered the outlook for the profitability of its automotive and motorcycles divisions,…
Lyft Offers New Cheaper Rides With More Waiting Time
Lyft Inc (LYFT.O) said on Tuesday it would expand its program that provides cheaper rides to customers willing to…
Airbnb To Lay Off 1,900 Employees
Airbnb Inc is laying off 25% of its workforce due to the coronavirus pandemic, impacting nearly 1,900 employees of…
Nigeria Cocoa Exports Stalled Over Covid-19 Safety Protocols
Health protocols introduced by Nigerian authorities to curb the spread of the Covid-19 disease have delayed cocoa…
Why There’s A Looming Debt Crisis In Emerging Markets
Solvency concerns in the developing world are nothing new. But as governments stare down the humanitarian and…
Digital Purchases To Be Taxed At 1.5% In Kenya
Kenya plans a 1.5% digital tax on the value of online transactions, according to proposals in the Finance Bill…