UK Governments To Pay 80% Of Wages After Closing All Pubs To Curb Spread Of Coronavirus
The UK government said Friday that it will subsidize the wages of any worker facing unemployment because of the coronavirus…
U.S. To Send Envoy To Saudi Arabia; Texas Suggests Oil Output Cuts
The Trump administration plans to send a special energy envoy to Saudi Arabia to work with the kingdom on stabilizing…
Italy Calls In Military To Enforce Coronavirus Lockdown As 627 People Die In 24 Hours
Soldiers were being drafted in to help enforce the lockdown in Italy on Friday as officials announced 627 new deaths,…
Germany Prepares 150 Billion Euro Emergency Budget In Coronavirus Package
Germany is readying an emergency budget worth more than 150 billion euros ($160 billion) to shore up jobs and businesses…
U.S. Coronavirus Stimulus To Be Worth ‘North Of $2 Trillion’ -White House Aide
The White House expects the impact of economic stimulus to counter the effects of coronavirus to be more than $2…
How Sham Trades Tricked Germany Out Of Billions
Two British bankers were handed suspended jail sentences on Wednesday and one told to pay a 14 million euro penalty…
British Banker Hit With 14 Million Euro Penalty In German Fraud Trial
Two British bankers were handed suspended jail terms on Wednesday and one a 14 million euro penalty in Germany’s biggest…
Wall Street Weekahead: Coronavirus Uncertainty Muddies Views On Buying Opportunities For Plunging Stocks
U.S. stock valuations are tumbling in the wake of the coronavirus-fueled market rout, but determining when equities are cheap enough…
Coronavirus Stay-At-Home Directives Multiply In Major U.S. States
New Jersey’s governor was expected on Saturday to follow four other states – California, New York, Illinois and Connecticut –…
Exclusive: Amazon Raises Overtime Pay For Warehouse Workers
Amazon.com Inc said on Saturday it is raising overtime pay for associates working in its U.S. warehouses, as the world’s…
LVMH Orders 40 Million Masks From China For France
LVMH (LVMH.PA), the world’s biggest luxury goods group, is ordering 40 million health masks from a Chinese supplier to help…
Boeing Suspends Dividend Payment
Boeing Co (BA.N) will cancel CEO pay, suspend its dividend and extend a pause on share buybacks, the U.S. planemaker…
Breaking: Nigeria Announces 10 New Coronavirus Cases
The Minister of Health, Dr Osagie Ehanire, who disclosed this on Saturday on his tweeter handle @drEOEhanire, stated: “Nigeria has…
Coronavirus Deaths In Italy Overtake China As Economic Damage Mounts
The world’s richest nations poured unprecedented aid into the global economy on Thursday as coronavirus cases ballooned in the new…
Coronavirus: Nigeria’s Aviation Industry To Lose N160bn, 22,200 Jobs
The disruption to air travel due to the continued spread of coronavirus will cost Nigeria’s aviation industry over N160.58bn (using…
Emirates Airline Suspends Flights To Nigeria, New York, France, Germany
Emirates, one of the world’s biggest international airlines, is suspending all flights to Nigeria, France, Germany, New York and New…
BREAKING: FG shuts Lagos, Abuja airports Monday
The Federal Government says the Murtala Muhammed International Airport, Lagos; and Nnamdi Azikwe International Airport, Abuja will be shut effective…
Saudi Arabia just won control of the oil market
When Saudi Arabia, OPEC’s de facto leader and most influential member, decided at its latest meeting in Vienna to break…
CBN rolls out new forex regulations
As the battle to save the Naira from a free fall ensues, the Central Bank of Nigeria (CBN) has resumed…
Fashion Labels Turn to Making Face Masks to Fill Health Care Shortages
New York fashion designers are offering to produce masks and gowns to help fill the shortage of protective equipment needed…
New York City Has One-Third of U.S. Virus Cases, Mayor Says
New York City now has roughly a third of all confirmed cases of Covid-19 in the U.S. and half of…
Yes, Young People Are Falling Seriously Ill from Covid-19
In the U.S., 705 of first 2,500 cases range in age from 20 to 44. We’re tracking the latest on the coronavirus…
Bank of England cancels stress tests for UK’s biggest lenders
The Bank of England will postpone all non-critical supervisory work in the City and review plans to run the banking…
Why the U.K. and U.S. Have Been Slow to Lock Down the Coronavirus Threat
On Friday evening, hours after a London hospitaldeclared they had run out of intensive care beds, Boris Johnson tightened the restrictions…
South Africa Regulator to Crack Down on Price Gouging in Disaster
South Africa’s Competition Commission will prioritize complaints about rising prices for essential products to ensure that firms exploiting consumers are…
Nigerian Central Bank Starts Uniform Exchange Rate for Naira
Nigeria’s central bank will migrate to a single exchange rate for the naira by collapsing the multiple exchange rate policy…
Uganda Cuts Growth Outlook as Coronavirus Outbreak Hurts Tourism
Uganda sees economic growth slowing to 5.2% to 5.7% in 2019-20 from an earlier forecast of 6% depending on the…
Why CBN ‘Technically’ devalued the naira
Yesterday, we reported that the Central Bank technically devalued the naira to exchange to the dollar at N380. According to…
Business activities fall as PMI drops to 57.3– CBN
The Central Bank of Nigeria on Wednesday disclosed that the Manufacturing Purchasing Managers’ Index in the month of January stood…
Coronavirus: Government to pay up to 80% of workers’ wages
The UK government will pay the wages of employees unable to work due to the coronavirus pandemic, in a…