China Central Bank Signals More Policy Measures To Support Virus-Ravaged Economy
China’s central bank said on Sunday it will step up counter-cyclical adjustments to support the economy and make monetary policy…
U.S. To Begin Purchasing $3 billion Worth Of Farm Goods
President Donald Trump on Saturday said the United States will next week begin purchasing $3 billion worth of dairy, meat…
Major U.S Airlines Endorse Temperature Checks For Passengers
A major U.S. airline trade group on Saturday said it backed the U.S. Transportation Security Administration (TSA) checking the temperatures…
Brazil’s Central Bank To Shower Economy With Money In Case Of Depression: Economy Minister
Brazil’s Economy Minister Paulo Guedes on Saturday said the country’s central bank is likely to shower the economy with money…
More Than Ever, The World Looks To Central Bankers For Deliverance
The economic and financial carnage wrought by the pandemic could leave deep scars on the world economy. Central banks have…
Coronavirus: Most Jobs Will Not Return
The pandemic and subsequent recovery will accelerate the ongoing digitalization and automation of work—trends that have eroded middle-skill jobs while…
The Normal Economy Is Never Coming Back
As the lockdowns began, the first impulse was to search for historical analogies—1914, 1929, 1941? Since then, what has come…
Sweden’s Chief Scientist Admits The Country Could Have Done Some Things Differently After No-Lockdown Policy
Sweden’s decision to avoid a strict lockdown like its European neighbors drew global attention and was not without controversy. But…
TikTok Has Quietly Made London Its Main Hub In Europe
TikTok, the wildly popular social media app that has become a go-to app for young people, has quietly made London its…
Why The Stock Market Is Up Even With Historic Job Losses
A record number of Americans just lost their job, and yet stocks are moving higher. This seems paradoxical given the…
Musk Says Tesla Is Prepared To Move Out of California Amid Fight Over Factory Shutdown
CEO Elon Musk said on Twitter Saturday that the company is preparing to file a lawsuit against Alameda County, and…
Nigeria: Non-Oil Goods Account For Nigeria’s 22% Exports – NPA
Nigerian ports handled 191 million metric tonnes of export cargo in 2019. Out of these, crude oil accounted for 78…
US Slashes Imports Of Nigerian Oil By 60%
The United States cut its imports of Nigerian crude oil by 60.37 per cent to 1.93 million barrels in January…
New Study Claims Vitamin D Deficiency May Impact Coronavirus Mortality Rates
Researchers have discovered a strong correlation between vitamin D deficiency and mortality rates from the novel coronavirus, a new study…
The ‘Silver Lining’ In The Dismal U.S. Jobs Report
Despite shedding a whopping 20.5 million payrolls and unemployment soaring to 14.7% in April, the U.S. labor market saw one worker…
Tesla Secures $565 Million Loan For Shanghai Factory
Electric carmaker Tesla Inc has entered into an agreement for a working capital loan of up to 4 billion yuan…
Google Announces Company Holiday On May 22 To Stem Work-From-Home Burnout
Alphabet Inc’s Google said on Friday it has asked employees to take a day off on May 22, to address…
California County Says Tesla Not Cleared To Reopen Vehicle Factory After Musk Asked Workers To Resume
Tesla Inc “must not reopen” its vehicle factory in the San Francisco Bay area as local lockdown measures to curb…
Kenya And Uganda Hit By Power Blackout
Kenya and Uganda were hit by a power blackout on Saturday, and Kenya Power said the outage on Kenya’s grid…
Pfizer To Outsource Some Drug Production, Focus On Coronavirus Vaccine
Pfizer Inc (PFE.N) said on Friday it is in talks to shift more of its medicine production to outside contractors…
Coronavirus Inflicts Huge U.S. Job Losses As Pandemic Breaches White House Walls
The U.S. government reported more catastrophic economic fallout from the coronavirus crisis on Friday as the pandemic pierced the very…
Coronavirus: US To Borrow Record $3tn As Spending Soars
The US has said it wants to borrow a record $3tn (£2.4tn) in the second quarter, as coronavirus-related rescue packages…
Coronavirus Sends U.S Unemployment Rate To 14.7%
The US unemployment rate has risen to 14.7%, with 20.5 million jobs lost in April, as the coronavirus pandemic devastated…
80 Million Chinese May Already Be Out Of Work
Wang is used to job hunting in China. The 26-year old tech worker spent the last year jumping from one…
Uber Says ‘No Sacred Cows’ Amid Coronavirus Crisis
Uber has warned it may scale back parts of the business as it tries to navigate through the coronavirus crisis.…
Nigeria: Petrol Price Reduction Won’t Be Immediate, Says Marketers
The latest reduction in the ex-depot price of petrol to N108 per litre will not translate to an immediate drop…
What Will Staying In A Hotel Look Like In The Near Future?
Goodbye, breakfast buffets and bellhop service. Hello, temperature screening and keyless check-in. While pandemic-era policies are still being developed at…
U.S., China Trade Officials Press Ahead With ‘Phase 1’ Deal As Trump Mulls Termination
U.S. President Donald Trump, critical of China’s early handling of the coronavirus outbreak in the city of Wuhan in late…
Walmart And Other U.S Superstores Are Still Hiring As Other Industries Purge Workers
Amid the carnage of the U.S. employment report for April was one bright spot: superstores led by Walmart Inc (WMT.N),…
J.C. Penney To File For Bankruptcy As Soon As Next Week
J.C. Penney Co Inc (JCP.N) is preparing to file for bankruptcy protection as soon as next week with plans to…