Kakao Founder Arrested on Stock Manipulation Charges
Kim Beom-su, the billionaire founder of South Korean tech giant Kakao Corp, was arrested on Tuesday over allegations of manipulating stocks during the acquisition of a K-Pop agency last year.
Toy Maker Recalls 7.5 Million Baby Shark Children’s Toys Due to a Risk of Impalement
The US Consumer Product Safety Commission has announced the recall of 7.5 million Baby Shark bath toys following reports of injured children. Zuru LLC, the California-based company that imports these
Kiekie Joins Maltina to Launch Nationwide School Tour Focused on Nourishing Young Minds
Popular Nigerian media personality and brand ambassador Oluwabukunmi Adeaga-Ilori, widely known as Kiekie, has partnered with malt beverage brand Maltina to kick off a nationwide school outreach programme aimed at
US Woman Jailed for 8 Years Over Identity Theft Scheme Aiding North Korean Workers
A 50-year-old Arizona woman has been sentenced to more than eight years in prison for orchestrating an identity theft operation that enabled North Korean nationals to secure jobs with hundreds
Tesla’s Plunge Drags Valuation Below $500 Billion on Margin Fear
Tesla Inc. shares extended their brutal selloff, pulling the company’s market valuation below the key half-trillion dollar mark as investors increasingly fear its price-cutting plan will eat into profits. The
Businesses Race to Stay Visible as AI Reshapes Online Search
For many companies, a website is more than just an online presence - it is the front door to their business. So when HubSpot lost around 140 million website visits
Hong Kong Stocks Slump on Worries About Chinese Banks, US Interest Rates
Hong Kong stocks suffered their worst day in four months on Thursday, with the Hang Seng (HSI) Index dropping 3%, the largest decline since March, as a result of Goldman
Victims’ Lawyer Slams Boeing’s $1.1bn Crash Settlement as ‘Morally Repugnant’
A lawyer representing families of victims from one of the two fatal Boeing 737 Max crashes has condemned a proposed $1.1 billion settlement between Boeing and the U.S. Department of
Maker of Walmart, Amazon Store-Brand Baby Formulas Sees Shortages Through Rest of 2022
Perrigo Company PLC (PRGO.N), which makes store-brand baby formulas for retailers, including Walmart Inc (WMT.N) and Amazon.com Inc (AMZN.O), expects shortages and heightened demand to last for the "balance of
AI Will Shrink Workforces Within Five Years, Say Company Execs
A recent global survey conducted by Swiss staffing firm Adecco Group, in collaboration with research firm Oxford Economics, highlights executives' expectations regarding the impact of artificial intelligence (AI) on employment
Spotify Takes Action: Reduces Royalties for Rain Sounds, White Noise and Other Non-Music Tracks
In a bid to address revenue manipulation concerns and ensure fair compensation within its streaming platform, Spotify has announced significant changes to its royalty system, particularly impacting non-music tracks such
Topshop Stages High Street Comeback Amid Questions Over Its Relevance
Once the crown jewel of Britain’s High Street, Topshop is preparing a major return to physical retail - but the question remains whether it can recapture the cool factor that
CBN Raises Alarm on Fake Emails, Links Used to Hack Bank Accounts
The Central Bank of Nigeria (CBN) has raised concerns over an increase in fraudulent emails, messages, and online links designed to compromise bank accounts and steal sensitive financial information. In
Adidas Sued by Investors Over Kanye West Deal
Adidas is being sued by investors who claim the firm knew about Kanye West's problematic behaviour years before it ended their partnership. Investors allege Adidas failed to limit financial losses
Boeing 737 Max 8 Under Investigation Following In-Flight Incident
U.S. regulators are investigating an incident involving a Boeing 737 Max 8 operated by Southwest Airlines, which experienced a potentially hazardous "Dutch roll" while in flight. This investigation is one
Currency Crash And Visa Crackdowns Are Changing The Study Abroad Dream for Indian Students
For years, studying abroad has been seen as a reliable path to better opportunities for millions of Indian students. But that aspiration is now being reshaped by a combination of
Netflix Files Lawsuit Against Broadcom Over VMware Patent Infringement
Netflix has initiated a legal battle against Broadcom, alleging that VMware, a Broadcom subsidiary, has infringed on several of its patents related to virtual machine technology. The streaming giant claims
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
Nvidia Shares Dip Despite Record-Breaking AI Chip Sales
Shares in Nvidia took a hit despite the company surpassing expectations by reporting record revenues of $30 billion for the three-month period ending July 28. The AI chip giant, which
China to Impose Export Restrictions on Antimony, Escalating Critical Mineral Controls
China has announced new export restrictions on antimony and related elements, citing national security concerns in its latest move to tighten control over critical minerals where it holds a dominant
