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House Speaker Nancy Pelosi said a bill for a compromise stimulus package is being written as she awaits a key phone call with Treasury Secretary Steven Mnuchin. Senate Majority Leader Mitch McConnell said his chamber would take up a comprehensive coronavirus package if an accord is struck. The Bloomberg Dollar Spot Index headed for the third straight decline.
Oil prices rose on Monday as a tropical storm in the Gulf of Mexico prompted drillers to evacuate rigs and shut-in production.
The Joe Biden campaign is taking over a popular Instagram account from a teen supporter, who built a huge following over their summer break. Formerly a fan account, @VoteJoe account will now serve as the campaign’s primary point of grassroots outreach on Instagram, supplementing Biden’s personal account.
Police arrested dozens of people and used tear gas against hundreds of demonstrators in Portland late Saturday as the western US city marked 100 days since Black Lives Matter protests erupted against racism and police brutality.
President Donald Trump on Monday postponed the Group of Seven (G7) meeting until after the United States election in November, after a previous delay due to COVID-19 concerns, CNN reported.
Media will be barred from the Republican National Convention in North Carolina later this month, US news outlets reported, when President Donald Trump will formally receive his party’s nomination.
Former President Barack Obama described President Donald Trump’s handling of the coronavirus pandemic as “chaotic” in a conference call with former members of his administration.
Pfizer Inc. and BioNTech SE announced on Wednesday, May 6, 2020, that the first participants have been dosed in the U.S in the Phase 1/2 clinical trial for the BNT162 vaccine program to prevent COVID-19. The trial is part of a global development program, and the dosing of the first cohort in Germany was completed last week.
3.2 million Americans applied for unemployment benefits last week as the coronavirus crisis sidelined 33 million workers in less than two months, the feds said Thursday.
President Donald Trump conceded Tuesday that more Americans will die in reopening the US economy but underlined his insistence on a dwindling coronavirus threat by refusing to wear a mask, even as he toured a mask-making factory.
The U.S. Treasury announced its borrowing will reach a record $3 trillion in the current quarter, as the coronavirus batters the economy and government spending increased, including through massive stimulus programmes.
With medical experts fearing that lifting lockdown measures will lead to a fresh surge in infections, a return to normal life relies heavily on finding a vaccine that works.
A commercial train passing through a community in Abia State knocked down and ran over a yet-to-be identified woman who is suspected to be pregnant.
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The police in Katsina State in synergy with the Nigerian Army have repelled coordinated bandits attack on Tsaskiya community of Safana Local Government Area of the state and killed five suspected bandits.
Yemi-Esan who stated this on Tuesday in Abuja on the occasion of the virtual interactive session with civil servants, said N2.5 billion has been released recently by the Federal Ministry of Finance, Budget National Planning for the payment of death benefits to the next-of-kin of deceased staff who died when there was no insurance cover.
The ECOWAS Court has ordered the Republic of Senegal to pay 50 million CFA francs as compensation to a Belgian, Mrs Lays Ghislaine, for violation of her right to liberty while in detention in the country prior to her extradition five years ago.
A police officer in the Philippines has been killed by a rooster while carrying out a raid on outlawed cockfight in the province of Northern Samar.
The Sokoto State governor, while defending his administration’s delay in the distribution of the relief items to residents of the state, had blamed the Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Umar-Farouq, saying the minister’s directive that the state delayed the distribution so as to pool all the donations together, was the reason for the action.
Ijaw youth in the western zone rose from an emergency meeting, weekend, insisting on restructuring of the country and demilitarization of Niger Delta creeks.
The Movement for Progressive Youths of Nigeria (MOPYON) has commended President Muhammadu Buhari for the major achievements recorded so far by his administration in the area of infrastructure development.
At the backdrop of the destructions of public and private properties and businesses in the wake of the #EndSARS protests, businesses have been counting their losses while economy experts have listed the immediate challenges the crises have thrown up against Nigeria’s struggling economy.
Commercial banks in Lagos State on Monday witnessed gradual return of business after the 24-hour curfew imposed on residents was lifted with low turnout of customers.
The Kaduna State Council of Imams and Ulama has urged youth to shun any form of protest and engage the government to address their demands peacefully.