Yellow Files For Bankruptcy After Shutting Down
Yellow Corp., a once-dominant US trucking company with a 99-year history, has filed for bankruptcy as it ceases operations, leaving many employees devastated and facing uncertainty about their future. The
Amazon and iRobot Terminate $1.7 Billion Acquisition Deal, Leading to Layoffs and Regulatory Concerns
In a surprising turn of events, Amazon and iRobot have mutually called off their anticipated $1.7 billion acquisition deal, citing various regulatory obstacles. Following this announcement on Monday, iRobot disclosed
Vatican Bank Dismisses Couple Following New Workplace Marriage Ban
The Vatican Bank has terminated the employment of two staff members whose recent marriage violated a newly imposed ban on employee unions. The decision was made public in a statement
McDonald’s is Testing a New Strawless Lid
Just like the McRib, straws might be a thing of the past at McDonald’s. The chain has begun testing strawless lids in some US cities as part of a multi-year
Nike Posts Surprise Revenue Growth Despite $1.5 Billion Tariff Burden
Nike has reported an unexpected rise in first-quarter revenue and stronger-than-anticipated profits, signalling early progress in its turnaround strategy even as tariffs and sluggish demand in China weigh on the
‘Ultra-Rare’ Pink Diamond Expected to Sell For More Than $35 Million at Auction
A pink diamond of “unparalleled color and brightness” is expected to fetch over $35 million when it goes on sale in New York, auction house Sotheby’s announced Wednesday. Weighing 10.57
McKinsey to Pay $650 Million to Settle U.S. Opioid Investigation
Global consulting firm McKinsey & Co has agreed to pay $650 million to resolve a U.S. Department of Justice (DOJ) investigation into its advisory role in promoting the sales of
ChatGPT Warning Knocks $1 Billion Off Market Caps of Education Giants Pearson and Chegg
Shares in US-listed education firm Chegg and London-listed textbook publisher Pearson tumbled today - each seeing roughly $1 billion (£803 million) knocked off its market cap - after the former
inDrive Unveils Law Enforcement Data Request Portal in Nigeria
Global ride-hailing platform inDrive has launched a dedicated online portal designed to support public safety investigations by authorised Nigerian law enforcement agencies. The new Law Enforcement Request Portal, now live,
Nestlé To Cut 16,000 Jobs As New CEO Pushes Cost-Cutting Drive
Nestlé has announced plans to eliminate 16,000 jobs globally over the next two years as its new Chief Executive Officer, Philipp Navratil, moves to streamline operations and focus on higher-return
Jim Carrey Lists $29M LA Mansion While Offering a Glimpse of His Own Art
Actor Jim Carrey has listed his California mansion for sale, with the five-bedroom, nine-bathroom home being offered for almost $29 million. The sprawling 12,700-square foot property, in LA's upmarket Brentwood
Dangote Refinery to Begin Crude Oil Production
The Dangote Refinery is set to commence crude oil production, as reported by S&P Global Commodity Insights. Despite ongoing difficulties in securing feedstock, the refinery is preparing to tap into
Bank of England Reveals King Charles III Banknote Designs
The Bank of England has unveiled plans to keep a lasting legacy alive with the circulation of new banknotes featuring King Charles III in mid-2024. The United Kingdom’s central bank
Bugatti Unveils $4 Million, 1,800-Horsepower Hybrid Supercar
Bugatti has introduced its latest marvel, the Bugatti Tourbillon, a $4 million hybrid powerhouse set to replace the $3.3 million, 1,500 horsepower Chiron. This new model, boasting 1,800 horsepower, combines
Nike Unveils New ACG Izy With Reflective Wrinkled Finish
Nike is adding a bold twist to its outdoor-inspired lineup with the latest version of the ACG Izy, a silhouette known for its Wallabee-like design. Unlike previous editions, which often
Meta Fires Staff for Buying Toothpaste, Not Lunch
Meta, the parent company of Facebook, Instagram, and WhatsApp, has reportedly dismissed several employees for violating its meal voucher policy. Workers allegedly used the vouchers, intended for meals, to purchase
Google Promotes Passkeys to Replace Traditional Passwords
Google is taking steps to eliminate the need for traditional passwords by introducing passkeys, which will enable users to unlock their accounts and devices using fingerprint recognition, face scans, or
Porsche Unveils Record-Breaking Taycan Turbo GT: A New Benchmark in Electric Performance
Porsche has unveiled its latest marvel, the Taycan Turbo GT, heralded as one of the fastest production cars ever created. The electric powerhouse, boasting a staggering 1,093 horsepower, is set
Oracle to Oversee TikTok Algorithm as US Sale Nears Completion
The White House has confirmed that Oracle will oversee TikTok’s algorithm in the United States as part of a landmark deal that will transfer the popular social media app’s US
UK Retreats from Apple Encryption Demand, Says US Intelligence Chief
The United Kingdom has backed away from its demand that Apple create a backdoor to access encrypted data of users worldwide, according to the US director of national intelligence. In
