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Ethiopian Airlines is in talks over possible involvement in the rescue of flagship carrier South African Airways (SAA), the head of the airline told Reuters on Friday.
Currency depreciation, inflation, negative growth, businesses closed: Algeria's economy has been battered by the one-two punch of the coronavirus crisis and tumbling oil revenues.
A U.S. judge on Tuesday sentenced former Google engineer Anthony Levandowski to 18 months in prison for stealing a trade secret from Google related to self-driving cars months before becoming the head of Uber’s rival unit.
A social cultural organization, Kogi Patriotic Group, KPG, has rejected in strong terms the handing over of public assets belonging to the Kogi people by the State Government, under translucent circumstances, describing such as a rape of the people.
South African Airways (SAA) creditors approved a rescue plan for the struggling airline on Tuesday that requires at least 10 billion rand ($596 million) in new funding, throwing the ball into the government’s court to come up with the cash.
OneWeb, which has its headquarters in the UK, filed for Chapter 11 bankruptcy protection in the US in March, after it was unable to secure financing. Bharti Global also will invest $500 million as part of the deal.
The Vice President, Prof Yemi Osinbajo, says Nigeria needs a national debate to address the issues around the size of government and cost of governance in Nigeria.
Latin America’s largest airline LATAM Airlines Group SA said on Tuesday the company and its affiliates in Chile, Peru, Colombia, Ecuador and the U.S. have filed for Chapter 11 bankruptcy protection in the United States.
Global satellite operator Intelsat filed for bankruptcy protection on Thursday, citing disruption from to its business from the virus pandemic, in a move aimed at restructuring its operations.
The deadline for South African Airways (SAA) staff to agree layoff terms has been suspended while a judge considers his ruling in a court case brought by two trade unions at the cash-strapped airline.
The Bundesliga will resume on May 15, the German league confirmed Wednesday, after Chancellor Angela Merkel and state leaders gave the green light to restart behind closed doors following weeks of shutdown imposed to control the spread of the coronavirus.
South African Airways could start shedding its 5,000 staff from May 12 if unions and workers do not accept a proposed severance deal, administrators trying to rescue the airline said on Sunday.
South African non-food retailer Edcon will file for a form of bankruptcy protection after the coronavirus pandemic has hammered sales, leaving it without money to pay creditors and suppliers, it said on Wednesday.
A South African court placed state-owned SA Express under “provisional liquidation” on Tuesday after the airline’s administrators said rescue efforts weren’t likely to succeed.
U.S. Senate Republican leader Mitch McConnell has come under fire of state governors following his suggestion that states whose finances are depleted by the coronavirus epidemic could declare bankruptcy.
Akwa Ibom State Government has embarked on on-the-spot assessment of properties vandalized in Uyo, the state capital as an aftermath of the #EndSARS protest.
Gov. Ben Ayade of Cross River has charged security agencies in the state to take legitimate actions to halt the spate of arson and carnage witnessed in some parts of Calabar.
President Muhammadu Buhari has sent his ministers to their home states in a move to douse tensions that resulted from the #ENDSARS protests, the crisis that succeeded them and then sell the Federal government’s decision to ensure police reforms and other issues the youths raised.
Brazilian legend Pele has claimed that Cristiano Ronaldo is better than Lionel Messi but insisted that he is still the greatest footballer of all time.
As the #EndSARS protests turn violent in different parts of the country, a Methodist Bishop, Dr Sunday Onuoha, has called on the demonstrating youths not to take the laws into their own hands.
A total of 156 episodes of anti-corruption radio drama series tagged Shugabanci, produced for the Economic and Financial Crimes Commission by Moving Image Limited and funded MacArthur Foundation were on Friday, October 23, 2020 presented to the EFCC management at a brief ceremony in the agency’s headquarters, Abuja.
Some hoodlums on Wednesday stormed the Lagos Command of the Federal Road Safety Corps (FRSC) in Ojodu where they vandalised and set ablaze several patrol vehicles.
A South East peace building group under the aegis of Coalition of South East Peace Practitioners Network, SOEAPAT, has commended youths in the northern parts of the country over their peaceful disposition during the #EndSARS protests.
Streaming service Quibi said on Wednesday it intends to wind down its operations and start a process to sell its assets, just six months after its launch.
The Premier League, EPL, has announced that eight people have tested positive for COVID-19 following the latest phase of mass testing.