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FILE PHOTO - A man wearing a mask outside Guildhall in the city of London as the spread of the coronavirus disease (COVID-19) continues, London, Britain, April 14, 2020. REUTERS-John Sibley-File Photo

City of London to remove statues linked to slavery trade

The City of London on Thursday approved the removal from its ceremonial Guildhall home of statues of two figures that symbolise the financial sector’s historic role in slavery.

FILE PHOTO - Barclays chief executive Antony Jenkins poses for the media in London February 12, 2013. REUTERS-Luke MacGregor

Bank of England candidate feels heat from bitcoin’s red-hot rally

A candidate for the Bank of England’s supervisory arm for banks defended on Wednesday his senior role on a bitcoin trading platform, saying it took safeguards against money-laundering very seriously.

Arsenal take out £120 million loan to help with coronavirus impact

Arsenal have taken out a short-term £120m loan to help deal with the impact of the coronavirus pandemic.

Major Chinese stock indices on Friday ended mixed, with the benchmark Shanghai Composite Index down 0.05 per cent, at 3,083.79 points.

Asia Pacific stocks rise as investors await US election results

Shares in Asia Pacific rose modestly on Wednesday as U.S. President Donald Trump and Democrat Joe Biden were locked in a fierce battle for the White House.

Shares turn skittish as early results show tight US election

US stock index futures hover around unchanged mark as early US presidential election results point to close race.

The pound slumped more than one percent versus the dollar and euro Wednesday as Britain’s government moved to extend the suspension of parliament, increasing the likelihood of a no-deal Brexit.

Britain inflation jumps in July

British inflation jumped unexpectedly last month to its highest rate since March, pushed up by clothing retailers refraining from their usual summer discounts.

Canada finance minister resigns

Canada’s finance minister Bill Morneau announced his resignation Monday, on the heels of an ethics scandal and amid a reported split with Prime Minister Justin Trudeau over pandemic spending.

(FILES) In this file photo taken on August 31, 2017 a British one pound sterling coin, and a one euro coin, are arranged for a photograph in central London. – Sterling soared Thursday, October 17, 2019 within a whisker of $1.3, striking five-month peaks after the European Union reached a draft Brexit withdrawal deal with London. (Photo by Daniel SORABJI / AFP)

UK officially enters recession for first time in 11 years

The United Kingdom has officially fallen into recession for the first time in 11 years.

“Stay at home,” Prime Minister Boris Johnson said in a televised address to the nation, as he unveiled unprecedented peacetime measures after the country’s death toll climbed to 335.

UK economy shrinks two percent in first quarter

Britain’s economy contracted two percent in the first three months of the year, rocked by fallout from the coronavirus pandemic, official data showed Wednesday.

Chancellor of the Exchequer, Rishi Sunak, is scheduled to outline the measures at a joint press conference with Prime Minister Boris Johnson over the weekend.

Britain to announce rescue package for businesses hit by pandemic

The British Government is expected to announce another package to protect jobs and help businesses survive the severe economic impact of the coronavirus pandemic.

Dangote Group joins Airbus, Volvo on global executive council of PMI

THE Pan-African conglomerate, Dangote Group has been inducted into the influential Global Executive Council (GEC) of the Project Management Institute,PMI the very first African business organization to become a member in history.

The Chief Executive Officer (CEO), First Bank of Nigeria Limited, Adesola Adeduntan, has said the introduction of FirstGem, a female-focused product by the bank has contributed to the development of the Nigerian economy.

President Buhari congratulates FirstBank chief on international award

President Muhammadu Buhari has felicitated with the Managing Director/Chief Executive Officer, FirstBank Limited, Dr Adesola Adeduntan, on his award of Distinguished Alumnus of the Year by Cranfield School of Management, United Kingdom.

Britain’s Prime Minister Boris Johnson gestures as he attends an art class at St Mary’s and All Saints Primary School in Beaconsfield, Buckinghamshire on October 11, 2019. (Photo by Alastair Grant - POOL - AFP)

Britain eyes piecemeal post-Brexit deal with EU

Britain said on Wednesday it could seek a piecemeal post-Brexit deal with the European Union that leaves some issues unresolved but still lets it break free from the bloc at the end of the year.

Andrew Bailey is likely to maintain the Bank of England’s position on interest rates of slow and incremental increases. Reuters

Andrew Bailey named as Bank of England governor

Britain’s finance minister on Friday named Andrew Bailey, the head of the Financial Conduct Authority regulator, as the new governor of the Bank of England to guide it through Brexit.

[FILE] Conservative MP Boris Johnson leaves his home in London on June 11, 2019. – The contest to replace Theresa May as Britain’s next leader formally has begun, with candidates lining up to define themselves against the “bluff and bluster” of frontrunner Boris Johnson. (Photo by ISABEL INFANTES / AFP)

Think-tank warns Britain of recession, urges to act ‘now’

Britain is not ready for its next recession and must consider changes to the way it manages its economy to see off the downturn when it comes, the Resolution Foundation, a think-tank, said on Monday.

Boris Johnson is said to have formed a ‘war cabinet’ of six ministers to deliver Brexit in October ‘by any means necessary’. WPA Pool-Getty Images

Boris Johnson loses first test in bye-election

Britain’s Boris Johnson lost his first test as prime minister on Friday after his candidate was edged out by a pro-EU rival in a bye-election that shrinks his parliamentary majority to just one.

Mark Carney, governor of the Bank of England, poses for a photograph beside the concept design for the new Bank of England fifty pound banknote, featuring mathematician and scientist Alan Turing, during the presentation at the Science and Industry Museum in Manchester, north-west England on July 15, 2019. (Photo by OLI SCARFF / AFP)

New UK bank note to feature mathematician Turing

The Bank of England on Monday said World War II code-breaker Alan Turing had been chosen to feature on the back of Britain’s new £50 banknote ($63, 56 euros).

French President Emmanuel Macron delivers his speech to honor Japan’s architect Arata Isozaki at the Elysee Palace in Paris on May 24, 2019. Isozaki is the laureate of the 2019 Pritzker architecture prize.-br --Francois Mori - POOL - AP - AFP

France sets up task force to deal with Facebook’s cryptocurrency

France is creating a G7 task force to ensure that transnational crypto currencies like Facebook’s Libra are regulated to protect the economy and the consumer.

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Dustin Poirier earns sweet revenge against Conor McGregor with shocking win in UFC rematch

On Saturday, former two-weight world champion Irish mixed martial artist, Conor McGregor, was left stunned on his return to the Ultimate Fighting Championship (UFC) as his American opponent, Dustin Poirier, defeated him resoundingly in their UFC 257 rematch.

In a demonstration to tackle the menace of ghost workers that has continue to drain the coffers of government, Bauchi State Governor, Sen Bala Abdulkadir Mohammed will hold a public parley with all the stakeholders involved in the payment of workers salaries in the state.

Bauchi signs $70 million MoU with UK firm for 10 megawatts of energy

Bauchi State governor, Bala Mohammed, has signed a Memorandum of Understanding (MoU) with PowerDot, a UK based energy firm for provision of affordable, uninterrupted electricity through incineration of municipal solid waste to energy.

Eze Benard Enweremadu, the Traditional Head of Ngwaland (Ezeukwu of Ngwaukwu) in Abia, is dead, his family announced on Saturday.

Abia monarch dies after 44 years on the throne

The heir apparent, Christopher Enweremadu, announced the death of the first-class traditional ruler in a statement issued at the deceased’s country home in Ahiaba Ngwaukwu Autonomous Community in Isialangwa North Local Government Area.

Nigerian music industry in limbo as COSON, MCSN battle on

The long battle between Copyright Society of Nigeria (COSON) and Musical Copyright Society of Nigeria (MCSN) as to who is legally responsible to act as a Collective Management Organisation/Collective Society (CMO) or simply put, collect royalties on behalf of artists rages on.

Nigeria wants ECOWAS restructured

President Muhammadu Buhari has advocated for the restructuring of ECOWAS, saying that the organization needed to streamline its management to adjust to current realities.

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EFCC witness: How ex-NAF chiefs diverted funds

The trial of a former Chief of Air Staff, Air Marshal Adesola Amosu (rtd) continued yesterday before Justice Chukwujekwu Aneke of a Federal High Court, Ikoyi with a witness of the Economic and Financial Crimes Commission (EFCC) further testifying against Amosu and two others on their complicity in the alleged diversion to personal use of about N21 billion belonging to the Nigeria Air Force.

Facebook’s Donald Trump ban will be reviewed by new oversight board

Facebook vice president Nick Clegg says the company is referring its decision to indefinitely suspend former President Trump from its platform to its newly-established oversight board for a complete review. The president’s Facebook account was suspended indefinitely on January 7th after he incited his followers to attack the US Capitol on January 6th. Six people died in the ensuing riots.