Container Lines May Lose 17m TEU In 2020

Container Lines May Lose 17m TEU In 2020

It can no longer be ruled out that the container shipping industry might be looking at developments similar to the financial crisis of 2008, SeaIntelligence said, referring to the impact of the coronavirus pandemic. “This implies a potential volume loss...
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Trump Tests Negative For Coronavirus

Trump Tests Negative For Coronavirus

United States President Donald Trump has tested negative for the coronavirus, the White House physician has said. “This evening I received confirmation that the test is negative,” Sean Conley said in a statement on Saturday. Mr Trump underwent a te...
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Coronavirus Crashes Global Stock Markets

Coronavirus Crashes Global Stock Markets

Shares around the world have plunged as investors fear the spread of the coronavirus will destroy economic growth with government action insufficient to arrest the decline. The main UK index dropped more than 10% in its worst day since 1987....
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Minister To Nigeria: Don’t Shake hands, Don’t Hug

Minister To Nigeria: Don’t Shake hands, Don’t Hug

The Minister of Interior, Mr Rauf Aregbesola has cautioned Nigerians to reduce the culture of handshakes and hugs to avoid contracting coronavirus (COVID-19). Aregbesola said this at the ground-breaking ceremony of a 3000-capacity custodial centre in Karshi, A...
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Stocks Fall As US Imposes EU Travel Ban

Stocks Fall As US Imposes EU Travel Ban

Asian stocks traded sharply lower  after President Donald Trump suspended all travel to the US from mainland Europe in a bid to slow the spread of the coronavirus. It followed steep losses on Wall Street, with the Dow Jones plunging...
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Health Minister Tests Positive For Coronavirus

Health Minister Tests Positive For Coronavirus

United Kingdom Health minister and Conservative MP Nadine Dorries been diagnosed with coronavirus. Ms Dorries, the first MP to test positive, said she had taken all the advised precautions after finding out and had been self-isolating at home. It comes...
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Banks Brace For Coronavirus

Banks Brace For Coronavirus

Many of the City of London’s biggest institutions are taking steps to combat the spread of the coronavirus. On Monday many of JPMorgan’s UK-based staff are being temporarily moved to a different office. They’re not alone. Goldman Sachs last w...
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Italy To Quarantine 16 Million People

Italy To Quarantine 16 Million People

Italy is set to lock down at least 16 million people in the region of Lombardy and in 11 other provinces in the north and east of the country. The mandatory quarantine will last until early April. The dramatic escalation...
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Premier League Ditches Pre-Match Fair-Play Handshakes Over Coronavirus

Premier League Ditches Pre-Match Fair-Play Handshakes Over Coronavirus

The Premier League has announced that the pre-match handshakes between both teams and officials will not take place until further notice because of fears over the spread of coronavirus. The measure comes the day after the government asked the league...
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Coronavirus: California Declares Emergency

Coronavirus: California Declares Emergency

California has declared a state of emergency after announcing its first coronavirus death, bringing the US death toll from the disease to 11. The 71-year-old man had underlying health conditions and had been on a cruise ship, said officials. Eleven...
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Coronavirus: Nigeria May Review 2020 Budget

Coronavirus: Nigeria May Review 2020 Budget

The Minister of Finance, Budget and National Planning, Zainab Ahmed, on Wednesday said the outbreak of Covid-19 has negatively impacted Nigeria’s oil revenue, saying a mid-term review of the 2020 budget will be carried to reflect the realities on ground....
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British Airways, Ryanair Cancel Flights As Bookings Drop

British Airways, Ryanair Cancel Flights As Bookings Drop

British Airways and budget rival Ryanair have cancelled hundreds of flights as demand for travel drops amid fears about the spread of coronavirus. BA is cancelling 216 flights from 16-28 March from London to destinations including New York, Italy, France,...
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Coronavirus: Lagos Decries Safety kits Price Hike

Coronavirus: Lagos Decries Safety kits Price Hike

The Lagos State Government has decried the increase in prices of safety kits like hand sanitisers, face masks, among others by dealers, due to the incident of coronavirus in the state. Lagos State Governor, Babajide Sanwo-Olu condemned the act on...
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US Confirms First Coronavirus Death

US Confirms First Coronavirus Death

The US has reported its first death from the new coronavirus, in the north-west state of Washington. Officials said the patient was a man in his 50s with underlying health conditions. President Donald Trump said more cases were “likely” but...
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