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Coronavirus brings Adidas sales collapse in China

German sportswear maker Adidas said Wednesday store closures in China had brought plummeting sales since the beginning of the novel coronavirus outbreak in late January.

Billionaires’ wealth dips for the first time in ten years

The world’s richest people became a little less well off last year, according to a report by UBS and PwC, as geopolitical turmoil and volatile equity markets reduced the wealth of billionaires for the first time in a decade.
People walk past an Apple store in Beijing on December 11, 2018. – Apple stores in China continued with business as usual on December 11, despite a Chinese court-ordered ban on iPhone sales that could hurt the US tech firm in one of its most crucial markets. (Photo by GREG BAKER / AFP)

Apple cuts revenue forecast on weak China sales

Apple Inc on Wednesday took the rare step of cutting its quarterly sales forecast, with Chief Executive Tim Cook blaming slowing iPhone sales in China, whose economy has been dragged down by uncertainty around U.S.-China trade relations.

China court bans iPhone sales over patent dispute

A Chinese court ordered a ban in the country on iPhone sales in a patent dispute between US chipmaker Qualcomm and Apple, according to a Qualcomm statement Monday.

Robots teach in Chinese kindergartens

In China, robots are being developed to deliver groceries, provide companionship to the elderly, dispense legal advice and now they have joined the ranks of educators in kindergartens.

Oil prices hit record high in two weeks

Oil prices extended gains to hit their highest level in nearly two weeks on Monday, buoyed as Asian shares joined a global recovery in equity markets and as worries grew over tensions in the Middle East.

Germany to add China’s yuan to currency reserves

Germany’s central bank has said it will include China’s yuan in its reserves, giving another boost to Beijing’s drive to internationalise the currency and helping send the unit to two year highs.

Recent Stories

Protesters in the US city of Baltimore pulled down a statue of Christopher Columbus on Saturday, local media reported, the latest monument to be toppled in anti-racism demonstrations.

Columbus statue toppled by race protesters in Baltimore

Protesters in the US city of Baltimore pulled down a statue of Christopher Columbus on Saturday, local media reported, the latest monument to be toppled in anti-racism demonstrations.
The Ekiti State Governor, Kayode Fayemi, on Tuesday, briefed Mr Buhari on the limitations of the distribution of palliatives to vulnerable persons to curb the economic impact of the coronavirus.

Ekiti APC crisis: I’m not an enemy to anyone – Governor Fayemi

Indications emerged in Ado-Ekiti, the Ekiti State capital, at the weekend that the ruling All Progressives Congress (APC) has commenced moves to end its internal wrangling in the state chapter of the party.
AC Milan's Zlatan Ibrahimovic celebrates scoring their second goal from the penalty spot, as play resumes behind closed doors following the outbreak of the coronavirus disease (COVID-19) REUTERS-Alberto Lingria

Zlatan Ibrahimovic on target as Milan severely dent Lazio title hopes

Veteran forward Zlatan Ibrahimovic, starting his first match since the coronavirus stoppage, converted a penalty to help AC Milan to an emphatic 3-0 win at Lazio on Saturday, severely denting the Serie A title hopes of their ragged opponents.
TIMAAS General Manager-Commandant Bright Chinedu Ikokwu, who made the disclosure in Aba at the weekend, said that the agency would not take kindly to motorists who would want to bribe his men.

Abia traffic agency sacks over 10 personnel for bribery

Over 10 personnel of the Traffic and Indiscipline Management Agency of Abia State (TIMAAS) were sacked for bribery, in addition to a sizeable number suspended for other acts of indiscipline, in the first quarter of 2020, the agency says.
The Federal Capital Territory (FCT) administration has raised alarm over rising cases of insecurity and vandalism in the territory. Abuja

FCT confirms 74 new coronavirus cases

The Federal Capital Territory has confirmed that 74 new cases of coronavirus disease have been detected in Abuja.