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An employee of Daimler demonstrates steering by the Drive Pilot Level 3 autonomous driving system in a new Mercedes-Benz S-Class limousine on the company's test center near Immendingen, Germany October 14, 2020. REUTERS-Arnd Wiegmann

Mercedes targets evolution rather than revolution in self-driving car push

The Germans, pioneers in developing advanced driver assistance systems (ADAS), are taking a step-by-step approach to releasing new technology, waiting for their own engineers, rather than the general public, to validate their system. Both approaches – one conservative and one radical in nature – are designed to push highly automated driving on to public roads, a step that could massively reduce accidents, since computers have faster accident-avoidance reflexes than humans.
Vice-President Yemi Osinbajo says the Federal Government needs to revisit the National Broadcasting Commission (NBC) amendment of the broadcasting code. 2

VP Osinbajo: Nigerian government collaborating with investors to improve digital sector

Just as global Social Media and technology giant, Facebook, was informing the Federal Government about its decision to open a Nigerian office in Lagos, Vice President Yemi Osinbajo, SAN has restated the determination of the Buhari administration to keep boosting the nation’s technology sector and digital economy.
Facebook on Tuesday said the coronavirus pandemic has users flocking to its services while it undermines ad revenue on which the world’s biggest social network depends.

Facebook opens office in Lagos

Social Media giant, Facebook, said it would be opening an office in Lagos as part of its continued commitment and ongoing investment in Africa.
The Egyptian Ministry of Petroleum and Mineral Resources announced on Thursday a new oil discovery in the shallow waters of Geisum concession south of the Gulf of Suez, with an initial production rate of 2,000 barrels of crude oil per day.

Oil prices hold near multi-week lows on demand worries

Oil prices edged up on Thursday, but held near multi-week lows hit overnight after U.S. data showed gasoline demand fell and recovery from the COVID-19 pandemic was lagging.
Buyers examine bales at the start of the tobacco selling season, after the coronavirus disease (COVID-19) outbreak delayed the opening of auctions by more than a month, in Harare, Zimbabwe, April 29, 2020. REUTERS-Philimon Bulawayo

Zimbabwe tobacco sales down 23.5% after poor rains

Sales of Zimbabwe’s tobacco, the second largest foreign currency earner, fell 23.52% to 178.7 million kilograms this year, official data showed on Monday, after production was affected by lower rainfall.
Swiss Health Minister, Alain Berset, however, warned that the situation could get out of control.

Switzerland records highest daily increase in virus cases since April

The Swiss Office of Public Health, on Wednesday, reported 383 new cases of the coronavirus within 24 hours, the highest daily tally since the peak of the outbreak in April.
Brazilian President Jair Bolsonaro on Sunday threatened to punch a reporter repeatedly in the mouth after being asked about his wife's links to an alleged corruption scheme.

Brazil’s president threatens to punch reporter in the mouth

Brazilian President Jair Bolsonaro on Sunday threatened to punch a reporter repeatedly in the mouth after being asked about his wife's links to an alleged corruption scheme.
South Africa grocery retailer, Shoprite, has announced that it is considering selling all or parts of its Nigerian operations to yet to be named investors.

South Africa retailers feel pain from virus pandemic

South Africa's retail industry is feeling the pain from the coronavirus pandemic on two fronts -- store closures during lockdown and the sharply reduced purchasing power of households.
Ex-Big Brother Naija “Pepper Dem” housemate, Ike Onyeama, on Tuesday, said that he was still in a romantic relationship with ex-housemate, Mercy Eke, but yet to be engaged in the traditional way.

I’m still romantically involved with Mercy, no engagement yet – Ex-BBNaija housemate

Ex-Big Brother Naija “Pepper Dem” housemate, Ike Onyeama, on Tuesday, said that he was still in a romantic relationship with ex-housemate, Mercy Eke, but yet to be engaged in the traditional way.
Managing Director of Aero Contractors, Captain Ado Sanusi, yesterday faulted the claims that the disputed Bombardier Dash 8 Q300 jets were stolen at the Lagos airport.

Aviation stakeholders want ground handling coys to consider price adjustments

Stakeholders in the aviation industry have urged the ground handling services to consider price adjustment instead of price increase, in order to survive the effects of the current raging COVID-19 pandemic in Nigeria.

South-West IPMAN directs members to sell fuel at N150 per litre

The South West chapter of Independent Petroleum Marketers Association of Nigeria has directed all its members in the zone to henceforth, increase the pump price of Premium Motor Spirit, otherwise known as petroleum to N150 per litre.
LG Electronics, South Korea’s second-largest appliance firm after Samsung, posted a second-quarter net profit slump of 38.1 per cent to 65.6 billion won Thursday, saying it had been “affected significantly” by the pandemic.

LG profit slumps 38.1%, as Samsung profit rises 7.3%

South Korean tech giant Samsung Electronics defied the coronavirus to report higher net profits in the second quarter Thursday, with strong demand for memory chips overcoming the pandemic’s impact on smartphone sales.
Workers sort online orders before they are delivered to customers from a Checkers store, amid a nationwide coronavirus lockdown, in Johannesburg, South Africa, July 14, 2020. Picture taken July 14, 2020. REUTERS-Siphiwe Sibeko

South Africa’s retail sales plunge in April and May after hard lockdown

South Africa’s retail sales plunged by a record 50.4% in April and 12% in May, data showed on Wednesday in the latest evidence of the impact of the early, stricter phase of the country’s coronavirus lockdown.
A Zenith Bank logo is seen on a sign on top of the bank in Freetown, Sierra Leone August 19, 2017. REUTERS-Afolabi Sotunde

Nigerian banks to limit debit card spending abroad to ease forex risk

Nigerian banks plan to reduce the amount customers can spend abroad using debit cards on Monday, two lenders said, as banks try to limit foreign currency settlement risk.

NNPC suffers 47 percent drop in petrol sales revenue

The Nigerian National Petroleum Corporation saw its revenue from petrol sales plunge by 47.38 per cent to N107.61bn in April as supply dropped amid the coronavirus lockdown and the reduction in the pump price of the product.

HEI: Oxygen key for treatment of coronavirus patients

Stakeholders have said that the provision of oxygen in isolation centres and hospitals was key in the treatment of COVID-19 patients even as they called for proper enforcement of safety guidelines through more engagement of transport associations and corporate organisations.
The new head of Nigeria's state oil company NNPC, Mele Kyari, speaks during an interview with Reuters in Abuja, Nigeria August 7, 2019. REUTERS-Afolabi Sotunde

NNPC announces top-management level appointments, redeployments

The Nigerian National Petroleum Corporation (NNPC) has announced new appointments and redeployments in the National Oil Company, as part of ongoing efforts to strengthen and reposition NNPC for greater efficiency, transparency and profitability in line with the Next Level Agenda of President Muhammadu Buhari’s administration.
Spain’s daily coronavirus death toll dropped to 288 on Sunday, the lowest since March 20, as the country eased its lockdown to allow children outside for the first time in six weeks.

Spain’s coronavirus deaths return to lowest level

The number of deaths in Spain due to the novel coronavirus was only 87 on Sunday, the lowest level in two months, Prime Minister Pedro Sanchez said.

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Tennis - ATP 500 - Erste Bank Open - Wiener Stadthalle, Vienna, Austria - October 27, 2020 Bulgaria's Grigor Dimitrov in action during his first round match against Russia's Karen Khachanov. REUTERS-Lisi Niesner

Grigor Dimitrov upsets Stefanos Tsitsipas in Vienna

Grigor Dimitrov of Bulgaria recovered from a one-set deficit to knock off third-seeded Greek Stefanos Tsitsipas 6-7 (5), 6-4, 6-3 to reach the quarter finals of the Erste Bank Open in Vienna, Austria.
A disappointed Sergio Romero is being forced out of Manchester United, according to reports.

Manchester United’s Sergio Romero sees Inter Miami move fall through

Manchester United goalkeeper Sergio Romero has seen a move to Inter Miami fall through.
Former Nigerian international Garba Lawal says he doesn’t see any passion or fight in the current Super Eagles team.

NFF supremo confident of Super Eagles winning next AFCON

Nigeria Football Federation (NFF) President Amaju Pinnick is confident that Super Eagles would win the next African Cup of Nations.
China is conducting clinical trials of 11 vaccines against the coronavirus disease, four of which are in phase 3, the country’s Science and Technology Minister Wang Zhigang said on Friday.

Coronavirus vaccine to be available by December

Top U.S. infectious disease expert, Anthony Fauci, has said that the first doses of a successful COVID-19 vaccine would be available to some hardest-hit Americans by late December 2020 or early January 2021.
The Nigeria Police Force says its investigation shows that Boko Haram, Ansaru and other terror groups are getting support from some Nigerians.

Police arrest sergeant for ‘shooting’ lover

The police in Lagos State have arrested Eze Aiwansone, a sergeant, who allegedly shot his girlfriend in Ikeja area of Lagos.