UK Retailer Wilko Collapses, Putting 12,000 Jobs at Risk
British discount retailer Wilko has made a grim announcement, revealing that it had slipped into administration, a creditor protection measure that casts a shadow over the fate of its 12,000
PepsiCo Moves to Cut Snack Prices After Shoppers Push Back on Costs
PepsiCo has announced plans to reduce the prices of several of its best-known snack brands, including Doritos, Lay’s and Cheetos, in response to growing consumer frustration over rising food costs.
Pay $84 a Year for Twitter Blue or Lose Your Checkmark Beginning April 1, Twitter Says
Twitter’s free blue “verified” checkmarks for notable users may finally be coming to an end. Ever since Elon Musk took control of the company in October, he’s been threatening to
Wipro: Pay Cut Shock for New Hires at India IT Giant
Sarita, 24, was shocked rather than pleased when she received an email recently about her new job with a top tech firm in India. As reported on BBC, the annual
EU Court Orders Meta to Limit Use of Data for Personalised Ads
Meta, the parent company of Facebook, has been ordered by the European Union's highest court to reduce its use of individuals' data for personalised advertising, marking a major victory for
Red Lobster Files for Bankruptcy Amid Financial Struggles
Red Lobster, the iconic seafood restaurant chain known for bringing affordable shrimp and lobster to middle-class America, has filed for bankruptcy. The company, once the largest seafood restaurant chain in
Starbucks to Cut 30% of Menu to Speed Up Service and Improve Experience
Starbucks is planning a major menu overhaul, reducing its beverage and food options by about 30% in the coming months as part of a strategy to streamline operations, shorten wait
Sony Music West Africa to Host ‘In Her Element’ Conference in Lagos
Sony Music West Africa has unveiled plans for its ‘In Her Element’ conference, a two-day event set to take place in Lagos, Nigeria later this month. The conference aims to
BYD Reports 880% Surge in UK Sales, Making Britain Its Biggest Market Outside China
Chinese electric vehicle manufacturer BYD has recorded a staggering 880% increase in its UK sales for September, cementing Britain as its largest market outside China. According to the company, it
McDonald’s Extends Popular $5 Value Meal Amid Rising Food Costs
McDonald’s has announced that its widely successful “$5 Meal Deal” will remain on menus at nearly all of its U.S. locations through August. This extension comes in response to the
Reddit’s $6.4 Billion IPO Marks Major Milestone in Social Media
Reddit, the globally renowned social media platform, has made a significant leap into the public market with the finalization of its initial public offering (IPO), boasting a valuation of $6.4
Universal Studios Claims Animation Crown with ‘Migration,’ Setting Sights on Disney’s Former Throne
In a surprising turn of events, Universal Studios has dethroned Disney in the animation realm, and their latest release, "Migration," aims to solidify their newfound dominance. The comic tale, which
Oracle Commits $40 Billion to Power Massive Nvidia-Backed AI Data Center in Texas
Oracle has pledged a staggering $40 billion to purchase Nvidia’s cutting-edge chips as part of a landmark effort to build one of the world’s largest data centers in Abilene, Texas.
Nigeria and Ghana Among Africa’s Most Cyber-Attacked Digital Hubs, Report Finds
A recent report by NETSCOUT has highlighted Nigeria and Ghana as West Africa’s leading digital hubs facing intense cyber threats, with Nigeria recording 2,721 cyber incidents in the first half
PepsiCo’s Price Hikes, Steady Demand Add sparkle to Annual Forecast
PepsiCo Inc (PEP.O) raised its annual forecasts on Tuesday after price hikes undertaken to offset higher costs and steady demand helped the soda and snack giant beat first-quarter results. The
Twitter Spent $33m in Three Months on Elon Musk Deal
Social media giant, Twitter has revealed that it spent $33m (£27m) on Elon Musk's proposed deal to buy the firm between April and June 2022. It also said its number
Short Sellers Lost More Money Betting Against Tesla Than Any Other Company in 2023
Here’s something sure to make Elon Musk smile – short sellers, those investors who placed bets that the value of Tesla shares were going to go down, lost a combined
Empty Tables, Rising Costs: How France’s Classic Bistros Are Quietly Fading Away
Just before lunchtime in Angers, western France, restaurateur Mickael Moureaud scans the dining room of L’Ange Vin with a familiar knot in his stomach. By now, the tables should be
Nikola CEO is Leaving the Company After Just 18 Months
Nikola, the electric and hydrogen semi truck manufacturer based in Arizona, announced on Friday that its President and Chief Executive Officer, Michael Lohscheller, is leaving the company with immediate effect.
Jersey Mike’s Subs Valued at $8 Billion After Major Investment from Blackstone
Jersey Mike’s Subs has reached a significant milestone, with its valuation soaring to $8 billion following a major investment from private equity powerhouse Blackstone. This move marks the end of
