Zoom Video Communications Inc said on Wednesday it has added over 100 features to its video conferencing as part of its 90-day plan to address security and privacy concerns. The company said it has made significant progress for a transparency report that details information related to requests Zoom receives for...
New U.S. coronavirus cases could more than double to 100,000 per day if the current surge spirals further out of control, the government’s top infectious disease expert warned on Tuesday, although he was “cautiously optimistic” a vaccine would be available early next year. California, Texas and Arizona have emerged as...
As world stock markets end a turbulent six months near record highs, investors appear to be betting heavily that economies will recover quickly from the coronavirus crisis, fuelled by zero interest rates and abundant monetary and fiscal stimulus. Despite the economic ravages of the pandemic, the total market capitalization of...
India’s government banned nearly 60 Chinese mobile apps Monday, including TikTok, citing national security concerns, part of the larger tit-for-tat retaliation that is unfolding between the countries after their militaries clashed earlier this month. The move comes after a deadly clash between the Chinese and Indian militaries along their shared,...
Countries in sub-Saharan Africa have been advised to not rush into re-opening their economies post-COVID-19 but to take their time and consider every step. The advice, given by the International Monetary Fund (IMF) in an outlook for the region on Monday, was based on the fact that the novel coronavirus...
Iran launched a campaign on Saturday to motivate a reluctant public to use face masks as the country faces a sharp increase in infections and deaths from the coronavirus. Iran was one of the worst hit countries early in the pandemic, and since restrictions to stem its spread were gradually...
The equity market rallied on Friday with stocks gaining N104.307 billion after 6 days of consecutive losses. Today’s rebound hinged on gains by heavyweight blue-chip stocks including Airtel Africa, Nestle, UACN, ETI and Nigerian Breweries. The Oil and Gas Index posted the worst sectorial performance, going down by 0.45% to close...
The novel coronavirus, now spreading through the smaller towns of Brazil’s interior, risks returning to major cities in a so-called “boomerang effect,” as a lack of specialized medical treatment forces patients into larger urban centers. The impact of a potential second wave of new cases in urban centers could complicate...
Former President Olusegun Obasanjo has warned Nigerians not to mistake the lifting of restrictions on lockdown for the end of the fight against the COVID-19 pandemic. Obasanjo gave the warning at the 2020 Annual Sobo Sowemimo Lecture held at the Abeokuta Club in Abeokuta on Friday, while speaking on “COVID-19...
First Bank of Nigeria Limited has upgraded its mobile banking application, FirstMobile, with new and improved features to promote safe and convenient Mobile Banking experience for customers. The bank’s Group Executive, e-Business & Retail Products Chuma Ezirim, disclosed this in a statement in Lagos on Friday. Ezirim said the bank’s dynamic mobile banking application...
President Donald Trump’s administration has asked the U.S. Supreme Court to invalidate the Obamacare law introduced by his predecessor that added millions to the healthcare safety net but has been a major political controversy. Government advocate Noel Francisco argued in a filing late on Thursday that the Affordable Care Act...
The greenback steadied on Friday but was set for its biggest weekly drop in three weeks as caution over growing coronavirus infections cast doubt over the U.S. economic outlook while a bounce in stocks pushed the kiwi dollar higher. Though an easing in European lockdown rules bodes well for sentiment...
Britain, France, Italy and Spain suggested a “phased approach” to global digital taxation talks in a joint letter to the U.S. treasury secretary last week, which they said could open the way for a deal this year. The four countries sent the letter to Secretary Steven Mnuchin after he called...
Alphabet’s Google on Thursday took a step to resolving its spat with publishers, saying it would pay some media groups in Australia, Brazil and Germany for high-quality content and expects to do more deals with others. The U.S. internet giant has for years tried to fend off demands for payment...
Sanitation and hygiene solution company SATO has introduced its new hand-washing solution, the ‘SATO Tap’. The social business, which aims to solve water, sanitation and hygiene problems by providing affordable and easy-to-install sanitation systems to local communities around the world, introduced the product on Tuesday. “The COVID-19 situation underscores the vast...
Markus Braun, the Austrian tech entrepreneur who built Wirecard into one of Germany's biggest companies, has been arrested after a $2.1 billion hole exploded in its accounts. Munich prosecutors confirmed Tuesday that Braun, Wirecard's former CEO, was arrested on suspicion of having inflated the digital payment company's balance sheet and...
Gold prices surged to their highest in nearly eight years on Wednesday, while global shares cooled as signs of an acceleration in coronavirus cases kept investors on edge. Fuelling concerns about the prospects for an economic recovery was data showing several U.S. states seeing record infections and the death toll...