Chinese Shadow Bank Zhongzhi Files for Bankruptcy
In the midst of China's deepening property market challenges, Zhongzhi Enterprise Group, a significant player in the country's $3 trillion shadow banking sector, has filed for bankruptcy liquidation. The move
Frida Kahlo Self-Portrait Sets New Record With $54.7m Sale
A rare Frida Kahlo self-portrait has sold for $54.7 million (£41.8 million), setting a new global auction record for an artwork by a woman. The painting, created in the 1940s
Ford Partners With Tesla to Give Customers Access to EV Superchargers
Ford electric vehicle owners in the United States will soon have access to Tesla's extensive EV charging network, as announced by the CEOs of both companies, Jim Farley of Ford
Here’s Why Diddy is Suing Diageo Over His Vodka and Tequila Brands
Sean "Diddy" Combs has filed a lawsuit against multinational spirits company Diageo, accusing them of racial discrimination in their handling of his vodka and tequila brands. Combs alleges that Diageo
UK Threatens to Sue Abramovich Over Chelsea Sale
The UK government has warned it may take legal action against Roman Abramovich to ensure that the frozen £2.5 billion from the sale of Chelsea Football Club is directed toward
Nike Unveils Next Generation Air Max Dn Featuring Dynamic Air Technology
Global sportswear giant Nike is set to embark on its next Air Max era with the introduction of the Air Max Dn, a cutting-edge sneaker that not only champions an
Novavax Says it is Axing 25% of Its Workforce to Cut Costs
Biotech company Novavax has announced that it will be laying off 25% of its workforce in an effort to reduce expenses. The decision was made to better align the company's
Police to Go After Producers of Plate Numbers that Change Automatically | Watch Video
The Nigeria Police Force has vowed to go after producers of plate numbers that can automatically change. A video of a car with a technology that helps switch its plate
Elon Musk Puts Twitter Deal on Hold Over Fake Account Details
Elon Musk has said his $44bn (£35bn) deal to buy Twitter is on hold after he queried the number of fake or spam accounts on the social media platform.He said
Lotus Weighs Moving UK Production to the US Amid Tariff Pressure
British sports car manufacturer Lotus is considering relocating its production from the UK to the United States, a move that could endanger approximately 1,300 jobs at its longstanding headquarters in
Elon Musk: Tesla to Build New Battery Factory in Shanghai
Elon Musk's electric car maker Tesla says it is expanding in China as it builds a new factory to make its large-scale batteries. The plant in Shanghai will be able
Trump Signs Order to Delay TikTok Ban, Shield Business Partners
In a high-profile move, President Donald Trump signed an executive order on Monday that temporarily halts the enforcement of a law banning TikTok and offers legal protection to companies associated
Artist Sues AirAsia Over Alleged Unauthorized Use Of Iconic Mural
A Malaysia-based artist has taken legal action against AirAsia and its parent company Capital A Berhad, accusing the airline of using his artwork on an aircraft without permission. Ernest Zacharevic,
Meta’s Profit Surge Fuels Zuckerberg’s Costly AI Push
Meta Platforms, the parent company of Facebook, Instagram, and WhatsApp, reported a sharp rise in profits as it ramps up spending on artificial intelligence projects. The company said revenue for
YouTube Reaches $24.5m Settlement in Trump Lawsuit Over Capitol Riot Ban
YouTube has agreed to pay former U.S. president Donald Trump $24.5 million to resolve a lawsuit he filed after the platform suspended his account in the aftermath of the January
China Wants to Limit Minors to No More Than 2 Hours a Day on Their Phones
China is taking steps to address internet addiction among minors by proposing new measures to restrict the amount of time children and teenagers can spend on their mobile devices. The
YouTube Rolls Out New Search Filters to Help Users Avoid Shorts
In a move that will be welcomed by many people, YouTube has introduced several new search filters to the platform that allow users to, among other things, exclude Shorts from
Adidas Drags Nike to Court for Infringement Over SNKRS App, Adapt Technology
German multinational corporation, Adidas has filed a lawsuit against it's American rival, Nike over what it considers an infringement on 9 of its patents, including those related to the Adidas_1
Murdoch Family Succession Battle Ends With Lachlan Securing Control of Media Empire
The long-running power struggle over Rupert Murdoch’s vast media empire has come to an end, with his eldest son, Lachlan Murdoch, set to take full control of the family’s conservative-leaning
Nike, YouTube, and Fenty Reign as Top “Cool Brands” Among Gen Z and Millennials
A recent survey conducted by YPulse, a leading youth research organization, has unveiled the top "cool brands" that resonate with Gen Z and millennial consumers, with Nike, YouTube, and Fenty
