Japan Slips Into Recession As Coronavirus Takes Toll
Japan has fallen into recession for the first time since 2015 as the financial toll of the coronavirus continues to…
Nigeria: FG Refineries Suffer N19bn Loss In Two Months
The refineries owned by the Federal Government recorded a total loss of N18.96bn in the first two months of this…
Nigeria: President Buhari Extends Gradual Ease Of Lockdown By Two More Weeks
The Federal Government, on Monday, said the recent order of the President, Major General Muhammadu Buhari (retd.), on gradual ease…
UK Aims To Roll Out 30 Million Doses Of Coronavirus Vaccine By September
The U.K. could roll out 30 million doses of a Covid-19 vaccine as early as September, according to the British…
Jack Ma Quits SoftBank’s Board As Its Vision Fund Posts A Record $18 billion Loss
Alibaba founder Jack Ma is stepping down from the board of SoftBank after the company’s Vision Fund posted record-breaking losses…
Ryanair To Cut Up To 3000 Jobs
Ryanair is negotiating pay cuts, unpaid leave and up to 3,000 job losses with its employees and trade unions, as coronavirus…
Workers Who Still Have Their Jobs Are Happier But Working Harder
Since Covid-19 shelter-in-place orders came into effect in the U.S. in mid-March, the workforce has undergone a complete transformation. Remote work has…
Outdoor Furniture Sales Grow As Customers Prepare For A Summer At Home
With the travel industry crushed by the coronavirus pandemic, it’s more than likely that people will be staying close to…
NIgeria: FG Impounds British Aircraft In Lagos, Begins Investigation
The Federal Government on Sunday impounded an aircraft belonging to a British company, FlairJet for operating commercial flights into the…
U.S. Auto Industry To Begin Reopening Plants In Recovery From Pandemic
The U.S. auto industry is slowly returning to life, with vehicle assembly plants scheduled to reopen on Monday and suppliers…
Oil And European Shares Rise As Lockdowns Ease; Gold Jumps
European stock markets rose on Monday and oil prices climbed to their highest in as much as two months as…
Nigeria: CBN Naira Defence Depletes Foreign Reserves By $3.17bn
Forex scarcity due to falling crude oil price forced the Central Bank of Nigeria to access the country’s foreign reserves…
Coronavirus: Emirates Plans To Cut About 30,000 Jobs
Emirates Group is planning to cut about 30,000 jobs to reduce costs amid the coronavirus outbreak, which will bring down…
Uber To Require All Users And Drivers To Wear Face Masks Before Embarking On Every Journey From Monday
Uber will from Monday require all riders and drivers to wear face masks or coverings before embarking on a journey,…
Buffett Sells More Stocks, Including Goldman Sachs, Without No Big Acquisitions In The Horizon
Billionaire investor Warren Buffett, who told investors earlier this month that he had made a “mistake” betting on airlines, is…
As Oil Prices Continue To Slump, Saudi Arabia Increases Taxes And Cut Spending
Saudi Arabia’s economic downturn is about to worsen. Already reeling from the slump in oil prices and lockdowns to halt…
A Month After Negative Oil Prices, U.S. Crude Contracts Expiry Looms
A month after sellers had to pay nearly $40 a barrel to get rid of U.S. oil futures, the next…
Italy Looks To Reopen Borders Next Month As Lockdown Measure Ease
Italian Prime Minister Giuseppe Conte outlined a further loosening of movement restrictions on Saturday, including opening borders to travellers from…
How The Pandemic May Change The Way We Grocery Shop
Gone are the days of leisurely browsing the aisles of grocery stores. Instead, customers are getting used to new grocery…
Bankrupted JC Penney Plans To Spin Its Properties Into Separate Real Estate Company
A piece of J.C. Penney’s proposal to emerge from bankruptcy includes spinning its real estate into a publicly traded real estate…
Coronavirus: Millions Of Americans Could Retire Into Poverty
Labor economist Teresa Ghilarducci began studying retirement in 2008, when the Great Recession was making it impossible for millions of Americans to…
How Would Negative Interest Rates Affect Mortgages?
The Federal Reserve hasn’t left itself much room to keep using interest rates to battle the coronavirus, which Fed Chairman…
Nigeria: FG, States, LGs Share N606.196bn, Revenue Drops By N227.265bn
The Federation Accounts Allocation Committee has shared a total of N606.196bn for April revenue to the federal, states and local…
California Officials Reject Subsidies For Musk’s SpaceX Over Tesla Spat
A California state panel on Friday rejected a request from Elon Musk’s SpaceX for $655,500 in state job and training…
Trump Administration Reportedly Set To Restore Partial Funding To World Health Organization
U.S. President Donald Trump’s administration is set to restore partial funding to the World Health Organization, Fox News reported late on Friday, citing a…
China Asks United States To Stop ‘Unreasonable Suppression’ Of Huawei
China’s foreign ministry said on Saturday the United States needed to stop the “unreasonable suppression” of Chinese companies like Huawei. The…
House Democrats Pass $3 trillion Coronavirus Relief Package
House Democrats on Friday passed a $3 trillion coronavirus relief package, unprecedented spending Senate Republicans have pledged to block as…
Saudi Wealth Fund Boosts U.S. Holdings With Stakes In Citi, Boeing, Facebook
Saudi Arabia’s sovereign wealth fund has bought minority stakes in major American companies including Boeing (BA.N), Facebook (FB.O) and Citigroup…
J. C. Penny Files For Bankruptcy
J.C. Penney Co Inc filed for bankruptcy protection on Friday with plans to permanently close some stores and also explore…
Elon Musk’s Boring Company Completes Second Tunnel In Las Vegas
The Boring Company, Elon Musk’s underground transportation project, has completed work on a second tunnel in Las Vegas. Musk, who…