Business

Coronavirus: Bill Gates lists things that must be done for life to “get back to normal”

The second richest man in the world, Bill Gates, has revealed what governments across the world must do if life is to go back to normal, as countries relax lockdown restrictions enforced due to the Coronavirus pandemic. Gates who is now a leading voice on how to fight Coronavirus and has granted numerous interviews on …

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Don’t inject disinfectants, Lysol and Dettol maker warns as Trump raises idea

The manufacturer of Lysol and Dettol warned that its products shouldn’t be used internally after President Trump speculated about whether solar light and household disinfectants could be used inside the body to treat the new coronavirus. Reckitt Benckiser (RBGLY), a British company, warned Friday that human consumption of disinfectant products is dangerous. It issued the …

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Coronavirus: US oil has dropped to below $0 dollars a barrel

Oil price took a negative dive in the late hours of Monday April 20, as it plunged further to below $0 a barrel for the first time as the coronavirus pandemic lingers.   In a historic crash which came barely a month after experts warned oil prices could dip into negative territory, oil futures opened at …

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COVID-19: Chinese Billionaire Jack Ma Announces Third Set Of Donations To Africa

Jack Ma, the founder of Alibaba Group, on Monday announced the donation of more medical equipment to Africa in the fight against the COVID-19 pandemic. The Chinese billionaire made the announcement on his verified Twitter handle. Ma twitted: “Our 3rd donation to Africa will immediately be made to @_africanunion and @AfricaCDC. “This includes 4.6 million …

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McDonald’s apologizes after store in China displayed sign banning black people

McDonald’s is issuing an apology after footage showing a notice that was being displayed inside one of its restaurants in China saying that black people were “not allowed to enter” went viral online. Again, for those who still doubt that Black people and particularly #AfricansinChina are being targeted we feel it is our duty to …

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Kylie Jenner lands youngest self-made billionaire on Forbes for second year in a row

Forbes released the annual World’s Billionaires list on Wednesday and beauty mogul Kylie remains the planet’s youngest self-made billionaire at aged 22. In 2019, the star unseated Facebook’s Mark Zuckerberg, 35, as the youngest-ever self-made billionaire – he was 23 when he made his first billion 11 years ago in 2008. Despite the controversy that …

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Jack Ma donates 500 ventilators, 500K gloves to 54 African countries

Chinese billionaire and founder of Ali Baba Group businessman Jack Ma, announced a second donation of health-care equipment to African states. This comes a few weeks after the Alibaba founder announced his foundation and the Alibaba Foundation would donate equipment to African countries to help them fight the Covid-19 pandemic which has claimed thousands of …

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Bill Gates steps down from Microsoft board to focus on philanthropy

Microsoft co-founder Bill Gates is stepping down from the company’s board so he can focus on philanthropy. Mr Gates was Microsoft’s chief executive until 2000 and has since scaled back his involvement in the company he founded with Paul Allen in 1975. He quit his full-time executive role at Microsoft in 2008 and remained as …

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Africa’s Richest Man, Dangote Loses N240 Billion In Five Hours Due To Coronavirus

Africa’s richest man Aliko Dangote on Wednesday lost more than N240 billion in five hours as the effect of the coronavirus bit harder on the Stock Exchange. Dangote’s firms under the parent-company ‘Dangote Group’, suffered huge losses just after the World Health Organisation (WHO) declared coronavirus a pandemic (spreading in multiple countries around the world at the …

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Hong Kong Airlines fires 400 workers and asks remaining staff to take unpaid leave as coronavirus hits travel firms

Hong Kong Airlines will cut 400 jobs and ask remaining staff to take at least two months of unpaid leave as the coronavirus outbreak worsens the weakened carrier’s financial crisis. The bulk of the cuts – which amount to about 10 per cent of its workforce – were set to fall on pilots and cabin …

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