Jaguar Land Rover Cuts Output at UK Factories Due to Chip Shortage
Carmaker Jaguar Land Rover (JLR) is reducing output at its factories in Solihull and Halewood until the spring, due to ongoing problems obtaining enough computer chips for new vehicles. The
Spotify Hits Record $10 Billion Payout to Music Industry in 2024
Spotify has achieved a milestone by paying a record $10 billion to the music industry in 2024, marking the highest annual payout from a single retailer. This represents a significant
Del Monte Foods Files for Bankruptcy After 138 Years, Seeks New Ownership
Del Monte Foods, a household name in canned fruits and vegetables for over a century, has filed for Chapter 11 bankruptcy as it looks for a buyer to take over
Jeep’s Popularity Declines as Stellantis Faces Pricing and Management Challenges
Once a symbol of rugged capability and American automotive excellence, Jeep has seen a dramatic downturn in popularity under Stellantis, its parent company. The decline is part of a broader
FC Barcelona Weighs Sponsorship Options: Nike, Puma, or Proprietary Brand?
FC Barcelona finds itself at a crossroads as the club navigates its kit sponsorship future, with reports suggesting that the possibility of creating its own brand has been almost ruled
Samsung Flags Massive Drop in Quarterly Profit as Chip Glut Drags on
Samsung Electronics reported a predicted 96% drop in second-quarter operating profit, estimating it to be 600 billion won ($459 million), largely in line with forecasts and the company's lowest profit
300 Million Jobs Could be Affected by Latest Wave of AI, Says Goldman Sachs
As many as 300 million full-time jobs around the world could be automated in some way by the newest wave of artificial intelligence that has spawned platforms like ChatGPT, according
Tesla Recalls 1.6 Million Cars in China to Address Autopilot Concerns and Enhance Safety
In a move aimed at improving the functionality of its Autopilot driver-assistance system and mitigating collision risks, Tesla is recalling 1.6 million vehicles in China, according to an announcement from
Harrods Confirms Customer Data Stolen in Third-Party Cyber Breach
Luxury retailer Harrods has warned customers that their personal information may have been compromised following a breach involving one of its third-party service providers. In an email sent to affected
Pepsi, Coke Soda Pricing Targeted in New Federal Probe
Beverage giants Coca-Cola and PepsiCo are under preliminary investigation at the Federal Trade Commission over potential price discrimination in the soft drink market as the agency looks to revive a
Chevron Earnings Soar to a Record
Chevron reported a record full-year profit of $36.5 billion, buoyed by high oil prices. As reported on CNN, adjusted earnings for the year more than doubled from the $15.6 billion
Disney Makes Hundreds More Layoffs as it Cuts Costs
The Walt Disney Company is implementing another round of job cuts affecting several hundred employees globally, as part of continued efforts to streamline operations and adapt to a shifting entertainment
Volkswagen is Bringing Back the Scout as an Electric SUV
The Scout, a one-time competitor to Ford Broncos and Jeeps that was last sold more than four decades ago, is being resurrected by Volkswagen as a line of all-electric trucks
Elon Musk Backs Gina Carano in Legal Battle Against Disney
In a surprising turn of events, billionaire entrepreneur Elon Musk has thrown his support behind actress Gina Carano in her legal dispute with Disney and Lucasfilm. Carano, known for her
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
Coca-Cola Bottler Seeks 10-Month Extension to Implement Packaging Changes
Nairobi Bottlers Limited has returned to the High Court, seeking an extension of 10 months to comply with a 2018 judgment directing the inclusion of nutritional information, storage details, and
CBN to Retire 1,000 Employees, Allocates ₦50 Billion for Exit Package
The Central Bank of Nigeria (CBN) is reportedly planning to retire approximately 1,000 staff members by December 31, 2024, as part of a strategic workforce realignment. The initiative, which includes
Diddy Shifts Allegiance to Charlie Sloth’s Au Vodka Amid Ongoing Cîroc Lawsuit
In the midst of his legal battle with Cîroc's parent company, Diageo, music mogul Diddy has officially distanced himself from Cîroc and embraced UK personality Charlie Sloth's Au Vodka, proclaiming
Historic Marijuana Banking Bill Clears Senate Banking Committee
In a groundbreaking development, the Senate Banking Committee has approved the Secure and Fair Enforcement Regulation (SAFER) Banking Act, marking a significant milestone in the quest to bridge the gap
Danish Club AaB Shuts Down Player Restaurant After Mouse Droppings Found in Kitchen
Danish Superliga club AaB has been forced to shut down its player restaurant after mouse droppings were discovered in the kitchen during a surprise inspection by the Danish Veterinary and
