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African Stock Exchange Losses Hit $142.6bn in Q1 2020

LAGOS – Companies listed on African stock markets have recorded losses value to the tune of $142.6 billion in the first quarter this year, according to data from Capital IQ. According to the report, nearly 716 listed companies saw a value dip between January 1, 2020 and March 31, 2020 this year, the report added.

PICTURES COVID-19: Lulu-Briggs Foundation Distributes 5,000 Bags Of Rice, Sanitisers To Rivers Communities

The O.B. Lulu Briggs Foundation on Monday began to distribute 5,000 bags of rice and 5,000 bottles of 500ml hand sanitizers to communities in Rivers State. This is the first phase of its intervention to help mitigate the challenges being experienced by vulnerable families as a result of the COVID-19 pandemic. The chiefs and elders

Brazil Economy To Shrink By 5%- World Bank

Brazil’s economy will shrink this year by 5.0% due to the direct and indirect economic impact of the coronavirus pandemic, according to The World Bank, which would mark the country’s biggest crash in at least half a century. In its semi-annual report for the region “The Economy In The Time Of Covid-19” published on Sunday,

Itau Confirms $195m Donation To Fight COVID-19

Brazil’s biggest lender Itau Unibanco Holding SA on Monday confirmed it would make a 1 billion real ($195.05 million) donation to fight the coronavirus pandemic, according to a securities filing. nL2N2C002J The bank said the proceeds will be managed by a group of health experts and actions be focused on testing, providing medical equipment and

Oil Price Rises After Largest Cut In Production

Oil prices rose overnight after the world’s major producers agreed to a 10% cut in output – the largest ever reduction in production. It brought an end to a damaging price war between Saudi Arabia and Russia which has been exacerbated by a slump in demand caused by the coronavirus. Global benchmark Brent crude was

COVID-19: China Sends Medical Teams To Pakistan, Other Countries

China sent medical experts team to different countries on the request of relevant governments to help the local health authorities enhance capability of treatment and diagnosis in wake of Covid-19 epidemic, a Chinese foreign ministry’s spokesperson said on Monday. Since the outbreak of the new coronavirus pandemic, China had dispatched medical expert teams to Pakistan,

Pakistan Army Jet Crashes, Kills 2 Pilots

A Pakistani fighter jet crashed during a routine training mission near the city of Gujrat in eastern Punjab province on Monday, killing both the pilots on board, the military said. According to Inter-Services Public Relations (ISPR), the airplane was on a routine operational training mission. Major Umer, an instructor pilot, and Lieutenant Faizan, a student

COVID-19: Ways To Protect Your Mental Health

How many of us right now are experiencing a heady cocktail of confusion, anxiety and even some surprising moments of respite from our pre-COVID-19, always-on-the-go culture? In a new survey by the Kaiser Family Foundation, 45% of Americans felt that the coronavirus crisis is harming their mental health (19% felt it had a “major impact”).

Syria Praises Cuba’s Fight Against Coronavirus

The political and press adviser to Syria’s presidency Boutheina Shabaan praised this Monday Cuba’s contribution to the world fight against Covid-19 pandemic. Cuba, Russia and China offered unconditional assistance to Italy, Spain and other countries to help them contain the spread of the pandemic caused by the novel coronavirus, the presidential adviser deemed in an

Muslims In Pakistan Flout Coronavirus Ban

Sabir Durrani says he offers prayers almost every day at a mosque in the central Pakistani city of Multan. He says that often a dozen or more men are in attendance, none of them wearing protective face masks. Durrani, 52, is among thousands of devout Muslims flouting the Pakistan government’s orders issued late last month

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