Category: Economy

President Macron To Help French Auto Industry with 8bn Euro Rescue Loan, Champions Electric cars

President Emmanuel Macron on Tuesday announced an 8-billion euro ($8.8 billion) plan to revive France’s auto industry by making it the European leader in electric cars, boosting a sector brought…

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COVID-19: US Company, Novavax, to Commence Human Trials of ‘Recombinant Vaccine’

An American biotechnology company, Novavax, is set to commence human trials of COVID-19 vaccine in Australia. Announcing this Tuesday, the firm said it was hopeful the vaccine could be available…

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Nigeria’s Capital Importation Increases Despite Economic Downturn

Despite the current health crisis bedevilling the world and its impact on several economies including Nigeria, the total value of capital importation into the country has been put at $5,854.38m…

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Gucci slashes ‘stale’ seasonal fashion shows

Gucci has announced it will cut the number of fashion shows it holds every year in an effort to reduce waste. The company says the concept of seasonal clothes has…

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Warner Music Group resurrects its $1.8 billion IPO plan after canceling deal on coronavirus risks

Warner Music Group plans to list 70 million shares on the Nasdaq exchange, reviving IPO plans that were first canceled amid the coronavirus outbreak. The label giant plans to sell…

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VodacomLaunches Standalone Business

The Vodacom Group said it has simplified its structure and created a standalone South African business that will be led by Vodafone director Balesh Sharma. “For Vodacom Group to play…

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At UBA Web Summit, Leaders Outline Path for Africa’s Recovery

Some global business leaders and African presidents have stressed the need for policymakers in the continent to look inward and adopt measures to create enabling environment for businesses to thrive…

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Again, South Africa to Probe Giraffe, Meerkat, Rhino Shipments to China

Barbara Creecy, South Africa’s environment minister, said she is planning an investigation after animal rights organizations alleged that wildlife ranging from giraffes and meerkats to rhinos are being illegally sold…

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China Kicks, as US Blacklists 33 more Chinese entities to a trade blacklist

China condemned the U.S. adding 33 Chinese entities to a trade blacklist, a move that risks potential retaliation from Beijing as tensions between the world’s two-biggest economies deteriorate further. The…

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Chris Pemu: The Way Forward For Businesses Amidst Economic Drawback

As the world hops to adjust to the new normal following the impact of the Coronavirus pandemic on the various sphere of the society, the General Manager, Nairametrics, Mr Chris Pemu, has,…

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