April 10, 2020

Asian Markets Rise After Fed Stimulus Boosts Wall St

Asian Markets Rise After Fed Stimulus Boosts Wall St

April 10, 2020 8:04 am

Asian markets were mostly higher on Friday after the latest US coronavirus stimulus measures boosted Wall Street overnight.

In its latest attempt to ease the economic pain inflicted by the COVID-19 pandemic, the US Federal Reserve said it would pump $2.3 trillion through new lending programmes.

The pandemic has now claimed more than 94,000 lives around the world and hammered economies, sending governments and central banks scrambling to put together unprecedented, massive emergency measures.

The strong close on Wall Street boosted Tokyo’s benchmark Nikkei 225, which finished 0.8 percent higher.

The market remains in a “tug-of-war between those who are …

Yankees Top Forbes' List Of Richest MLB Clubs

Yankees Top Forbes’ List Of Richest MLB Clubs

April 10, 2020 8:04 am
Major League Baseball may lose billions to the coronavirus shutdown, but its clubs appear to be on firm footing according to Forbes’ latest list of franchise values released Thursday.The financial publication estimated that 28 of 30 MLB clubs appreciated in value in 2019.

The New York Yankees once again top the list, appreciating 9% to $5 billion in total value.

Read Also: Airbnb Gets $1bn Investment For Post-Virus Recovery

According to Forbes, the NFL’s Dallas Cowboys, worth an estimated $5.5 billion, are the only sports franchise in the world worth more than the Yanks.

Forbes predicted that strong recent …

Virus Blow For Japan's Sumo As Wrestler Tests Positive

Virus Blow For Japan’s Sumo As Wrestler Tests Positive

April 10, 2020 8:03 am
Japan’s sumo association on Friday confirmed its first coronavirus case, in a new blow for the ancient sport, which has already been forced to move one tournament behind closed doors and postpone others.One low-ranking wrestler who had a fever last week has tested positive for the virus, the association said, declining to name the man or give details of his stable.

The association said no other wrestlers or officials had symptoms and those who belong to the infected wrestler’s stable will stay home or at the stable and follow advice from health officials.

The outbreak in Japan has been …

Covid-19 Lockdowns Can't End Until Covid-19 Vaccine Found - Study

Lockdowns Can’t End Until Covid-19 Vaccine Found – Study

April 10, 2020 7:19 am

Countries wanting to end the lockdown and allow people to move about and work again will have to monitor closely for new infections and adjust the controls they have in place until there is a vaccine against Covid-19, according to a new study based on the Chinese experience.

China’s aggressive controls over daily life have brought the first wave of Covid-19 to an end, say researchers based in Hong Kong. But the danger of a second wave is very real.

“While these control measures appear to have reduced the number of infections to very low levels, without herd immunity against …

Buhari Sends Sympathetic Message To Christians

Buhari Sends Sympathetic Message To Christians

April 10, 2020 7:18 am
President Muhammadu Buhari on Friday said it’s “unfortunate” that Christians will celebrate Easter in a “subdued manner, away from the usual congregation in churches.”

Buhari had ordered a lockdown in Abuja, Lagos and Ogun States for 14 days in a bid to combat the spread of Coronavirus across the country.

This had led to the restriction of both social and religious gatherings.

Read Also: Buhari Orders Withdrawal Of $150m From NSIA Account

However, Buhari in his Easter message urged Christians to rekindle their faith in Christ because they will overcome.

In the message he personally signed, Buhari rejoiced with Christian

…
Nigeria Hit With 14 New Cases Of Coronavirus

Nigeria Hit With 14 New Cases Of Coronavirus

April 10, 2020 7:17 am
Nigeria has been hit with another 14 new cases of Coronavirus, with the national figures standing at 288.

Lagos has continued to have rising cases, as it had 13 of the new cases announced by the Nigerian Centre for Disease Control, NCDC.

“Fourteen new cases of COVID-19 have been reported in Nigeria: 13 in Lagos and 1 in Delta State.

“As at 09:30 pm 9th April there are 288 confirmed cases of COVID-19 reported in Nigeria. Fifty-one have been discharged with seven deaths.

The worst hit in the figures released …

U.S. Hits Over 16,000 Coronavirus Deaths

U.S. Hits Over 16,000 Coronavirus Deaths

April 10, 2020 7:16 am

The United States coronavirus death toll surpassed 16,000 on Thursday, according to data from the Johns Hopkins University dashboard.

With at least 452,582 cases of the novel coronavirus reported in the US, the nation is continuing to grapple with the sheer volume of infected individuals.

The United States coronavirus death toll now remains the second-highest in the world, after Italy.

The U.S. overtook Spain early today, with new deaths recorded. Spain has 14,792 deaths.

Read Also: US Cautiously Optimistic As Coronavirus Curve Flattens

Only four countries in the world have recorded infections above 100,000.

They are Spain with 148,220 cases, …

Nigeria, South Africa Going Into Recession - World Bank

Nigeria, South Africa Going Into Recession: World Bank

April 10, 2020 7:15 am

The World Bank Group said on Thursday that Coronavirus will drive many African countries, such as Nigeria, South Africa and Angola into recession, the first for Sub-saharan bloc in 25 years.

In a statement, the bank said growth in Africa will fall sharply from 2.4 per cent in 2019 to -2.1 to -5.1 per cent in 2020.

“While most countries in the region have been affected in different degrees by the pandemic, real gross domestic product growth is projected to fall sharply, particularly in the region’s three largest economies like Nigeria, Angola, and South Africa, as a result of persistently

…
Nigerians Will Surely Defeat Coronavirus – Dangote

Nigerians Will Surely Defeat Coronavirus – Dangote

April 10, 2020 7:12 am
Aliko Dangote, Chairman Dangote Industries Limited has assured Nigerians and Africans of victory over the coronavirus pandemic.

The assurance was detailed in a goodwill message on the occasion of his 63rd birthday issued by the Chief Corporate Communications Officer, Dangote Group, Mr Anthony Chiejina on Friday in Lagos.

The foremost entrepreneur commended the efforts of the organized private sector, which through the Coalition Against COVID-19 (CACOVID) initiative had raised over N21 billion to support government efforts to tackle the pandemic in Nigeria.

Dangote also lauded the efforts of the government at all levels and those on the frontline of the …

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𝐀𝐟𝐫𝐢𝐜𝐚 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐍𝐞𝐰𝐬, 𝐍𝐞𝐰 𝐘𝐨𝐫𝐤, is a nonpartisan online news portal founded on the truth to provide you with weekly, insightful articles written with precision and current updates on current events from Africa in particular and the rest of the world in general. All of our reports undergo extensive fact-checking to ensure their veracity, and we adhere strictly to the facts, no matter whose ox is gored.

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