Arena Group CEO Fired Amidst Scandal Surrounding AI-Generated Sports Illustrated Articles
In the wake of the revelation that Sports Illustrated had been publishing articles allegedly authored by artificial intelligence, leading to a controversy involving fake author names and AI-created images, Ross
Crypto Billionaire Novogratz Breaks Silence, Calls Luna ‘Big Idea That Failed’
Mike Novogratz broke his silence on the TerraUSD meltdown, calling it a “big idea that failed” and warning that the tough environment for cryptocurrencies will continue.The founder of Galaxy Digital
Ghanaian Court Orders Auction of Michael Essien’s Properties Amid Financial Crisis
Former football star Michael Essien faces the threat of losing two of his properties in Ghana as a court has ordered their auction to recover outstanding debts. The Ghanaian court
Nike’s Global Slowdown Signals Key Lessons for Nigerian Marketers and Retailers
Global sportswear giant Nike is experiencing a significant slump in sales, with a 9% drop recorded in the last quarter and a steep 17% decline in the Chinese market. Even
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
Crypto Founder Sentenced to 15 Years Over $40bn Stablecoin Collapse
A New York court has sentenced disgraced cryptocurrency entrepreneur Do Kwon to 15 years in prison for his role in the dramatic collapse of two digital assets that wiped out
BYD Says It Can Thrive Without U.S. Market As Global EV Demand Rises
Chinese electric vehicle giant BYD has said it can continue to grow without access to the United States market, as rising fuel prices drive increased global demand for electric vehicles
Microsoft’s AI Ad Play
Microsoft is exploring the use of its AI capabilities to enhance its advertising business. The company has filed a patent for a machine learning model that incorporates "incrementality estimation" to
Saudi Aramco Boosts Dividends Despite Decline in Profits
Despite experiencing a significant drop in profits due to reduced production and falling oil prices in 2023, Saudi Aramco remains resilient, reporting the second-highest profit in its history. The energy
Messi’s Inter Miami Shirts Sell Out, Fans Have to Wait Until November to Get Them
Lionel Messi's arrival at Inter Miami has sent fans into a frenzy, with his home jersey, also known as "The Heart Beat Kit," becoming an instant hit. The demand for
Nintendo Wins Legal Battle Against French Filehosting Site Over Piracy
The French Supreme Court has ruled in favour of Nintendo in a long-standing legal dispute against Dstorage, the operator of filehosting platform 1fichier.com, over the distribution of pirated copies of
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.
Netflix Debunks Exit Rumours, Reaffirms Commitment to Nigeria
Streaming giant Netflix has addressed recent speculations suggesting it plans to exit the Nigerian market due to economic challenges and regulatory pressures. Responding to the claims, Netflix dismissed the rumours,
iPhone Users Eligible for Up to $349 in Settlement Over Audio Issues
Owners of iPhone 7 and iPhone 7 Plus devices may qualify for compensation from a $35 million settlement regarding audio issues. Those eligible could receive up to $349 as part
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
Dietrich Mateschitz: Red Bull Co-Owner & Energy Drink Giant Dies Aged 78
Red Bull co-owner Dietrich Mateschitz, a major global business figure as a result of his energy drinks empire, has died aged 78. As reported by BBC, Mateschitz was the driving
Explore the Future of Banking at the 18th Connected Banking Summit – West Africa
The International Center for Strategic Alliances (ICSA) is thrilled to announce the 18th Edition of the Connected Banking Summit – Innovation & Excellence Awards – West Africa 2024. This prestigious
Reddit’s Shares Soar by 48% in Stock Market Debut
Social media giant Reddit experienced a remarkable debut on the New York Stock Exchange as its shares surged by 48% on the first day of trading, closing at $50.44. The
Ubisoft Scales Back ‘Assassin’s Creed Hexe’ Team Ahead Of Planned 2027 Release
French gaming company Ubisoft has reassigned about 50 developers from the upcoming title Assassin’s Creed Hexe, as part of broader changes within the franchise’s development structure. The move comes shortly
Microsoft President Changes Tune After Criticism of UK
Microsoft's President, Brad Smith, has adjusted his stance on the UK's business landscape, retracting comments made last year in which he labelled the country "bad for business." The shift comes
