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Thomas Cook

Britain’s Thomas Cook travels into bankruptcy

The brutal failure of travel firm Thomas Cook was sealed as a rescue floundered, but it was also sparked by mismanagement, the internet, geopolitical unrest, and Brexit, according to analysts.
A pedestrian walks past a stock indicator board for the Tokyo Stock Exchange being displayed in a window of a securities company in Tokyo on October 1, 2018. - Japanese shares powered to a new 27-year high on October 1 after the US and Canada clinched a long-awaited trade deal, but other Asian equity markets struggled in subdued holiday trading. (Photo by Martin BUREAU / AFP)

Asian markets tank, oil prices rise ahead of US rate cut

Asian markets were in retreat Monday on dimming hopes for a deep interest rate cut by the US Federal Reserve, but all the firms on a new tech-focused board in China rallied on its opening day.
Thomas Cook

Chinese group mulls Thomas Cook takeover

China’s Fosun Group is considering nearly a billion dollar rescue of embattled British tour operator Thomas Cook, the Hong Kong-listed conglomerate confirmed Friday.
The logo of Apple is seen at a store in Zurich, Switzerland January 3, 2019. REUTERS-Arnd Wiegmann

Apple warning delivers fresh blow for markets, global growth

Stock markets retreated once more Thursday as China’s slowing economy forced Apple to slash its revenue forecast, wiping as much as $55 billion from its value and dragging down share prices in the wider technology sector.
Traders work on the floor of the New York Stock Exchange where the Dow Jones Industrial

Global markets misery as Dow Jones’ 2018 gains are erased

Asian and European stock markets have tumbled after US values returned to levels not seen since the start of the year.

European stock markets rise at open

European stock markets rose at the open on Friday awaiting key US jobs data, while British Airways-parent IAG shot to the top of the London stock market on soaring profits.

Recent Stories

Nasarawa State Governor, Abdullahi A. Sule

Appeal Court upholds Nasarawa governor’s election

The Court of Appeal sitting in Makurdi has upheld the decision of the election petition tribunal affirming the election of Abdullahi Sule as governor of Nasarawa State.
Kidnap Victim

Bandits abduct university engineer in Anambra

An engineer in the employ of Nnamdi Azikiwe University, Awka, Anambra State, Emeka Chiaghana, has been abducted.
APC Nigeria Supporters

Edo APC exco sacks Anselm Ojezua, elects David Imoise as acting chair

The crisis rocking the Edo State chapter of the All Progressives Congress (APC) has got messier with State Working Committee of the party passing a vote of no confidence in the state chairman, Anselm Ojezua.
US President Donald Trump on Thursday brushed off North Korea’s test of a sea-launched ballistic missile, saying that planned nuclear talks with Pyongyang will go ahead.

Donald Trump open to deal with democrats over Barack Obama’s DACA programme

President Donald Trump on Tuesday signalled that he would be open to striking a deal with Democrats on the Deferred Action for Childhood Arrivals (DACA) programme if the U.S. Supreme Court were to uphold his decision to repeal the initiative.

Former minister urges federal government to restore sports commission

Former Minister of Sports, Bolaji Abdullahi, has said that the restoration of the governing system of the National Sport Commission (NSC) remains the best way of managing sports in Nigeria.