U.S. Weekly Jobless Benefits To Stay Elevated As Coronavirus Layoffs Widen
The global novel coronavirus crisis continues to batter the U.S. labor market, with millions more Americans, including white collar workers,…
Trump Says Fauci Remarks on Risk To Reopening Economy Unacceptable
U.S. President Donald Trump on Wednesday described as not acceptable a warning given by top U.S. infectious disease expert Anthony…
Coronavirus: US Accuses China Of Hacking Coronavirus Research
China-linked hackers are targeting organisations researching the Covid-19 pandemic, US officials say. The FBI said it had seen hacking attempts…
Canada, U.S. Are Likely To Extend Travel Restrictions Until June 21
Canada and the United States appear likely to extend a ban on non-essential travel until June 21 amid the novel…
Tesla, California County Reach Deal To Reopen U.S. Plant Next Week
Tesla Inc and officials in California have resolved their acrimonious clash over safety procedures at the automaker’s sole U.S. assembly…
Nigeria: Foreign Reserves Gain $1.22bn In 11 Days, Rise To $34.65bn
Foreign reserves have risen to $34.65bn within eleven days, latest figures from the Central Bank of Nigeria have indicated. The…
UK Economy Posts Sharpest Monthly Decline On Record
U.K. GDP (gross domestic product) contracted by 5.8% month-on-month in March, according to preliminary figures released Wednesday, as lockdown measures…
US Says It Won’t Use Ventilators Sent To It By Russia After Deadly Hospital Fires
The U.S. has said it will not use the Russian ventilators sent to it by Moscow while an investigation is…
Gilead Strikes Deal To Make Remdesivir Coronavirus Treatment In 127 Countries
Gilead Sciences has struck a licensing agreement with five generic drugmakers to make antiviral drug remdesivir in 127 countries, not including…
Nigeria’s Bonny Light Rise Above $25, As Saudi Arabia Further Cuts Supply
Nigeria’s flagship crude, Bonny light, rose by 1.20% to stand at $25.23 per barrel, according to the latest data released by…
U.S. Airlines Tell Crews Not To Force Passengers to Wear Masks
The top three U.S. airlines have told their flight attendants not to force passengers to comply with their new policy…
Fear Of Coronavirus Second Wave Stalks Stock Markets
Global stocks and oil prices fell on Wednesday as fears about a second wave of coronavirus infections gripped financial markets.…
England Tiptoes Out Of Full Lockdown As Economy Plunges
England tentatively began easing its coronavirus lockdown on Wednesday, with some people who cannot do their jobs at home urged…
U.S. Airlines Tell Crews Not To Force Passengers To Wear Masks
American Airlines Group Inc (AAL.O), Delta Air Lines Inc (DAL.N) and United Airlines Holdings Inc (UAL.O) have told employees that…
Twitter To Let Some Employees To Work From Home Permanently
Twitter Inc (TWTR.N) on Tuesday became the first major tech company to allow employees who can work remotely to do…
U.S. Reports Record $738 Billion Budget Deficit In April
The United States on Tuesday reported a record $738 billion budget deficit in April as an explosion in government spending…
Coronavirus Crisis Leads To Largest U.S. Consumer Price Decline Since 2008
U.S. consumer prices dropped by the most since the Great Recession in April, weighed down by a plunge in demand…
Boeing Predicts An Airline Bankruptcy
Boeing CEO Dave Calhoun said in an NBC interview on Tuesday that a U.S. airline bankruptcy is likely in 2020. It is a…
Dollar Sells For N445 As Forex Scarcity Persists
The dollar exchanged for N445 in the parallel market on Monday due to scarcity and shrinking liquidity in the forex…
Nigeria: Stock Market Loses N49bn On Profit-Taking
Equity transactions on the Nigerian Stock Exchange on Monday closed on the negative route to further extend losses as investors…
Nigeria: Reps Approve Buhari’s N850bn Loan
The House of Representatives has approved the request by the President, Major General Muhammadu Buhari (retd.), to borrow N850bn to…
Musk Defies County Orders, And Reopens Tesla’s California Plant
Tesla has reopened its only US electric car plant in California, despite local orders against manufacturing. On Monday, the company’s…
Nigeria: Buhari Appoints Professor Agboola Ibrahim Gambari As New Chief Of Staff
President Muhammadu Buhari has appointed Professor Agboola Ibrahim Gambari as his new chief of staff following the death of Mallam…
Why Amazon, Facebook, Disney Saw Their Chiefs Retake Control
Over the past few months, some of the world’s biggest companies’ CEOs have reasserted themselves in ways they haven’t in…
UK Furlough Scheme Extended By Four Months
The UK scheme to pay wages of workers on leave because of coronavirus will be extended to October, Chancellor Rishi…
Premier League Clubs May Have To Refund £340m To Broadcasters Even If Season Resumes
Premier League clubs have been told they could have to repay an estimated £340m to domestic and international broadcasters –…
U.S. Congress To Quiz Bank Regulators On Coronavirus Rule-Easing, Assistance
Lawmakers will quiz U.S. regulators this week on their efforts to help struggling consumers, oversight of massive federal bailout packages…
Trump Orders Federal Retirement Money Invested In Chinese Equities To Be Pulled
President Trump is moving to cut investment ties between U.S. federal retirement funds and Chinese equities, FOX Business has learned in a move that…
Once Taboo, Investors Begin To Imagine Negative U.S. Rates
Negative interest rates in the United States were once unimaginable. The coronavirus has changed that. While the Federal Reserve has…
Does Elon Musk Need California More Than California Needs Elon Musk?
Tesla Chief Executive Elon Musk did a big favor this weekend for anyone looking for a fresh source of entertainment…