City BusinessNews Archives — Page 189 of 325

May 27, 2020 No Responses

France Unveils $8.8b Support For Ailing Car Industry

French President, Emmanuel Macron unveiled Tuesday an 8 billion-euro ($8.8 billion) plan to save the country’s car industry from huge losses wrought by virus lockdowns, including a big boost for electric vehicles.The plan includes government subsidies for car buyers and longer-term investment...

May 27, 2020 No Responses

Nigeria Records 276 New Coronavirus Cases

Nigeria on Tuesday recorded 276 new cases of the COVID-19 pandemic outbreak in the country, bringing the total to 8,344. The Nigeria Centre for Disease Control (NCDC) on its official twitter handle, said that as at May 26, 16 deaths...

May 27, 2020 No Responses

Daimler Appoints Philipp Schiemer As CEO Of Mercedes-AMG

German automobile giant, Daimler on Tuesday has announced that Philipp Schiemer has been appointed as CEO of AMG, Mercedes-Benz’s high-performance subsidiary. He will move from his current position as the head of Mercedes-Benz do Brasil Ltda. Also, the au...

May 27, 2020 No Responses

Rivers Inspects NLNG Medical Facilities

Rivers State Commissioner for Health, Professor Princewill Chike, recently, led a delegation to inspect NLNG’s medical facilities and to assess its readiness in the fight against COVID-19 pandemic in the State. The Commissioner, who was received by NLNG’s ...

May 27, 2020 No Responses

Suzuki Delivers 2.85m Vehicles, Explains $1.99b Profit

For the financial year ended March 31, 2020, Suzuki Motors on Tuesday disclosed that it sold 2.85 million vehicles worldwide, down 14% when compared to the previous year. Meanwhile, earnings beat estimates and the Japanese automaker raised its divi...

May 26, 2020 No Responses

WHO Suspends Hydroxychloroquine Tests For COVID-19 Treatment

The World Health Organization (WHO) on Monday temporarily suspended clinical trials of hydroxychloroquine as a potential treatment for coronavirus. This was informed by WHO chief Tedros Adhanom Ghebreyesus via a virtual press conference. According to reports, ...

May 26, 2020 No Responses

At UBA Africa Day Conversations, Global Leaders Seek Path To Economic Recovery

Global leaders at the second edition of United Bank for Africa (UBA) African Day Conversations, have emphasised the need for meaningful collaborations between governments and the private sector as a panacea for the quick recovery of the economy of the...

May 26, 2020 No Responses

COVID-19: INEC To Redesign Polling Units

Amidst COVID-19, the Independent National Electoral Commission (INEC) has said that Polling Units shall be redesigned by the Commission to ensure substantial compliance with the COVID-19 protocols established by health authorities. INEC noted that, among other...

May 26, 2020 No Responses

Coronavirus Cases In Nigeria Climb To 8,068

The Nigeria Centre for Disease Control (NCDC) on Monday recorded 229 new cases of the novel coronavirus, bringing total infections in the country to 8068. According to NCDC, the new cases are: Lagos-90Katsina-27Imo-26Kano-23FCT-14Plateau-1...

May 26, 2020 No Responses

Oscar Onyema Highlights Resilience Of Nigeria’s Capital Market

As corporations all over the world battle the impacts of the Coronavirus (COVID-19), the support of securities exchanges for capital market ecosystems has become even more relevant in building sustainable businesses and stimulating growth across Africa. ...

May 26, 2020 No Responses

Toyota, Nissan, Honda Gear Up For Mexico Reboot

Japanese automakers Toyota, Nissan and Honda said they are gradually restarting in Mexico as the nation’s automotive industry reboots in line with a broader economic reopening, despite still-high numbers of new coronavirus cases. Mexican officials in mid...

May 26, 2020 No Responses

Publisher Lauds FG Planned Stimulus Package For Media, Creative Industry

A leading Online Publisher, Femi Soneye, has commended the Federal Government for the stimulus package being initiated to cushion effects of COVID-19 on Nigerian media and the creative industry.The Minister of Information and Culture, Alhaji Lai Mohammed, also...

May 25, 2020 No Responses

Lufthansa, German Govt Seal $9.8b Bailout Deal

The German government and Lufthansa have agreed on a much-anticipated bailout deal to help the airline cope with losses from the coronavirus pandemic. According to agency reports such as dpa/nan, the deal, thought to be worth up to nine billion...

May 25, 2020 No Responses

ILO Issues Guidance For Safe Return To Work During COVID-19

Two guidance documents for creating safe and effective return-to-work conditions during the COVID-19 pandemic have been issued by the International Labour Organization (ILO).The Guidance Note says that return to work policies need to be informed by a h...