Coca-Cola Discontinues Spiced Flavor Just Six Months After Launch
Coca-Cola has announced the discontinuation of its Spiced flavour, a decision made just six months after its introduction to the market. This move signals an end to the company’s recent
China Offers to Scrap Tariffs on All African Imports Amid U.S. Trade Tensions
China has announced its readiness to remove all import tariffs on goods from the 53 African countries with which it maintains diplomatic ties, a move that could significantly deepen trade
Nvidia Announces 10-for-1 Stock Split, Making Shares More Affordable
Nvidia, the leading semiconductor company, has unveiled plans for a 10-for-1 stock split, aiming to make its shares more accessible to individual investors amid surging demand. Over the past five
Big Lots Files for Bankruptcy as Economic Pressures Mount
Discount retailer, Big Lots has filed for Chapter 11 bankruptcy amid ongoing financial struggles, becoming the latest casualty of shifting consumer behaviour and rising inflation. As part of the restructuring,
OpenAI Secures $6.6 Billion in Funding Amid Questions on Profitability and Growth Projections
OpenAI, the company behind the popular AI tool ChatGPT, has raised a staggering $6.6 billion in a private funding round, giving it a valuation of $157 billion. The investment, one
Sam Bankman-Fried is Going to Jail
In a significant turn of events, a federal judge has made the decision to revoke the bail granted to Sam Bankman-Fried, co-founder of FTX cryptocurrency exchange, citing allegations of witness
Jack Ma Halts Alibaba Share Sale Plans Amid Stock Decline
Chinese entrepreneur Jack Ma has decided to delay the sale of hundreds of millions of dollars worth of Alibaba shares following a significant drop in the company's stock value last
Meta Stock Climbs After Company Posts 11% Revenue Growth
On Wednesday, Meta, the parent company of Facebook, released its financial results for the second quarter ending in June, surpassing Wall Street's expectations. The company reported a revenue of $32
Kaspersky Uncovers Cyberattack Exploiting DeepSeek AI Hype
Cybersecurity firm Kaspersky has uncovered a sophisticated cyber deception campaign leveraging public interest in DeepSeek AI, a popular generative AI chatbot, to distribute malware through fraudulent websites. According to Kaspersky’s
Forza Horizon 6 Generates Over $140 Million Ahead Of Global Launch
Forza Horizon 6 is already recording massive commercial success ahead of its worldwide release, with reports indicating the racing game has generated more than $140 million from Premium Edition sales
Singapore Court Orders Bloomberg to Pay $356,000 in Defamation Damages to Two Ministers
A Singapore court has ordered Bloomberg and one of its reporters to pay S$460,000 (US$356,000; £266,000) in damages to two Singaporean ministers after finding they had been defamed by a
Brazil Blocks Access to X Amidst Escalating Tensions Between Elon Musk and Supreme Court
Access to the social media platform X, formerly known as Twitter, was blocked across Brazil on Saturday following a court-ordered suspension that marks the latest development in an intensifying dispute
Anthropic Co-Founder Calls for AI ‘Brake Pedal’ as Technology Advances
A senior executive at artificial intelligence company Anthropic has urged governments and policymakers to develop mechanisms that can slow the pace of AI development when necessary, warning that the technology
Saudi Investment Fund to Acquire 10% Stake in Heathrow Airport
Saudi Arabia's Public Investment Fund (PIF) has reached an agreement to purchase a 10% stake in Heathrow Airport from Spanish infrastructure company Ferrovial. Additionally, France-based private equity fund Ardian will
Instagram Back Up After Global Outage Affecting Thousands of Users
On Sunday, Meta Platform Inc's Instagram experienced a technical issue that disrupted services for thousands of users. However, the company announced that the platform was back up and running for
Rolling Stone Owner Sues Google Over AI Summaries, Citing Decline in Web Traffic
Penske Media, the parent company of Rolling Stone, Billboard, and Variety, has filed a landmark lawsuit against Google, accusing the tech giant of using its journalism without permission through AI-generated
Bud Light Falls to Third Place in US Beer Sales
Bud Light, once the leading beer in the United States, has now slipped to third place in the market following a challenging year marked by a significant boycott. According to
Sam Altman and Elon Musk: The Battle Over OpenAI Turns Personal
The competition between Sam Altman and Elon Musk over the future of artificial intelligence has reached new heights, with OpenAI’s CEO rejecting a staggering $97.4 billion buyout offer from Musk
We Have Over N600bn Worth of Petrol in Store – Dangote
Aliko Dangote, President of Dangote Industries Limited, has confirmed that his refinery has a substantial reserve of Premium Motor Spirit (PMS) to meet Nigeria’s fuel demands. Speaking during a visit
Samsung Expects Profit Surge by Over 1,400% Amid AI Boom
Samsung Electronics has announced an anticipated 15-fold increase in profits for the second quarter of 2024 compared to the same period last year, driven by a surge in demand for
