Oil Drops as New Coronavirus Strain Triggers Demand Recovery Fears
Oil prices dropped further on Tuesday, adding to steep losses from the previous session, as a new strain of the novel coronavirus in the United Kingdom triggered concerns over fuel
Oil prices dropped further on Tuesday, adding to steep losses from the previous session, as a new strain of the novel coronavirus in the United Kingdom triggered concerns over fuel
Shares of Tesla Inc rose to a record high on Friday in a frantic day of trading as investors geared up for the electric carmaker’s much anticipated entrance into the
The Central Bank of Nigeria (CBN) has so far released N12.55 billion (about $32 million) to support the small, medium and large scale poultry farmers. The CBN explained that the
Bitcoin smashed through $20,000 for the first time on Wednesday, its highest ever. The cryptocurrency jumped 4.5% to move as high as $20,440. Bitcoin has gained more than 170% this
Apple Inc plans to manufacture up to 96 million iPhones in the first half of 2021, a nearly 30% year-on-year increase, Nikkei reported on Tuesday. It has asked suppliers to
Bookings at Lufthansa have tripled for next Summer boosted by the imminent approval of a Covid-19 vaccine, Chief Executive Carsten Spohr told a German magazine, adding he expects business on
China’s vehicle sales are likely to hit 25 million units this year, an industry body said on Friday, as the world’s biggest vehicle market continued to lead the global auto
America’s vacation rental online company Airbnb, has made its long-awaited stock market debut. Airbnb began trading on Thursday at $146 per share, more than doubling its IPO price and valuing
Facebook Inc could be forced to sell its prized assets WhatsApp and Instagram after the US Federal Trade Commission and nearly every US state filed lawsuits against the social media
The Chief Executive Officer, Nigeria Sovereign Investment Authority (NSIA), Mr. Uche Orji, has again stressed the need for Nigeria to turn its infrastructure into investible assets by investing more in
AngloGold Ashanti Ltd. has appointed Maria Ramos as chairwoman to replace Sipho Pityana, who resigned almost three months after Chief Executive Officer Kelvin Dushnisky quit. Ramos, 61, is former CEO
Shareholders of Guaranty Trust Bank Plc (GTBank) last Friday approved a holding company (HoldCo) structure for the bank, even as they expressed excitement about the benefits they would derive from
Uber is selling its driverless car subsidiary to start-up Aurora Technologies, abandoning a unit that Uber’s founder once hailed as critical to the future of the firm. Aurora, founded in
The Organisation of Petroleum Exporting Countries (OPEC) on Monday pledged its support for the 1.1 billion people globally without access to modern energy sources and the 2.8 billion individuals who
China has removed 105 apps including that of US travel firm TripAdvisor Inc from app stores in the country, under a new campaign to cleanse stores of apps it deems
British American Tobacco Kenya has named a Kenyan to head the cigarette-maker as it marks over 113 years in the market. The firm on Monday announced Crispin Achola as its new
The chicken chain Nando’s has denied it’s in crisis talks over a reported debt pile after spending £20m equivalent of about 26.642 million dollars to make its UK restaurants Covid-secure.
Universal Music has struck a deal to buy the rights to Bob Dylan’s entire catalogue of 600 songs, from Blowin’ in the Wind to Knockin’ on Heaven’s Door, in the
China’s exports rose at the fastest pace in almost three years in November, as strong global demand for goods needed to ride out the pandemic landed the world’s second-largest economy
The AfDB has stated that about five million jobs have been lost in the aviation and tourism industries in Africa due to the Covid-19 pandemic. About five million out of
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