Fortune of World’s Richest Person Bernard Arnault Tops $200bn
The fortune of Bernard Arnault, the world’s richest person, has topped $200bn for the first time as shares in his French LVMH luxury goods empire hit a record high. The
China’s Comac Steps Onto the Global Stage as It Challenges Aviation’s Biggest Names
Amid rows of aircraft models, mock cockpits and high-tech aviation displays at the Singapore Airshow, one exhibitor has been attracting outsized attention: Comac, China’s state-owned aircraft manufacturer. The company has
Lufthansa IT Failure Grounds Flights Worldwide
German airline Lufthansa is 'stabilizing’ its flight operations at Frankfurt airport after a company-wide IT outage led to a raft of flight cancellations and delays that stranded thousands of passengers
Apple Urged to Remove New AI Feature After Falsely Summarizing News Reports
Apple is under mounting pressure to remove its newly launched AI-powered news summarization feature after it falsely attributed a headline to the BBC, prompting concerns from press freedom advocates. The
Jack Ma’s Return Signals Shift in China’s Business Climate
After years of regulatory scrutiny and economic uncertainty, China appears to be making a renewed push to support private enterprises. In a move seen as a turning point, Chinese leader
Flutterwave CEO Highlights Fintech’s Role In UK–Nigeria Economic Talks
The Chief Executive Officer of Flutterwave, Olugbenga Agboola, has underscored the growing importance of financial technology in strengthening economic ties between Nigeria and the United Kingdom, following high-level engagements in
Washington is Waking Up to AI’s Risks About Three Years Too Late
In an era where some of the world's largest corporations are deeply invested in artificial intelligence, U.S. lawmakers are only now beginning to recognize the potential dangers posed by this
Prada Announces Limited-Edition ‘Made in India’ Kolhapuri Sandals Following Design Controversy
Italian luxury fashion house Prada has revealed plans to launch a limited-edition line of Kolhapuri-inspired sandals made in India, months after facing criticism over the use of a design closely
Duracell Sues Energizer Over Alleged False Battery Life Claims
Battery maker Duracell has filed a lawsuit against its longtime rival Energizer, accusing the company of misleading consumers with false claims about battery performance in a new advertising campaign. The
SpaceX Eyes $1 Trillion Valuation With Planned IPO Filing
SpaceX, the private space technology firm founded by Elon Musk, is reportedly preparing for a public listing that could value the company at more than $1 trillion. The move follows
China Reveals How it Plans to Put Astronauts on the Moon by 2030
Chinese officials have revealed new details about their plans for a manned lunar mission, aiming to be the second nation to put citizens on the moon, with Zhang Hailian, deputy
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
Miss Universe Owner Files for Bankruptcy Days Before Pageant
Despite the recent bankruptcy filing by JKN Global Group, the owner of the Miss Universe Organization, this year's Miss Universe pageant is set to proceed as planned. The Thai media
Nigeria’s Naira Shortage: Anger and Chaos Outside Banks
People in Nigeria have taken to sleeping outside banks. They want to be among the first in line to get notes from the cash machine once it is loaded up
Netflix Raises Prices as Password Boost Fades
Netflix has started raising its subscription prices in several countries as the surge in growth from its password-sharing crackdown begins to ease. Over the past month, the streaming giant has
Trump’s Sweet Bet: How Coca-Cola’s Sugar Shift is Stirring Up the Beverage and Farming World
When Coca-Cola revealed plans to roll out a cane sugar version of its classic cola in the US this autumn, Jordan Hayes didn’t expect to find himself aligned with Donald
Pentagon Awards Major AI Contracts to Google, xAI, OpenAI, and Anthropic
The U.S. Department of Defense has awarded contracts worth up to $200 million each to four of the world’s leading artificial intelligence firms - Google, OpenAI, Anthropic, and Elon Musk’s
Disney: Bob Iger Begins Major Shake-Up After Returning to Firm
Less than 24 hours after his shock return as Disney's chief executive, Bob Iger says he is planning a major shake-up of the business. As reported by the BBC, one
Alibaba Posts Flat Revenue Growth For the First Time
Alibaba has posted a flat revenue growth for the first time since becoming a public company, but investors don't seem to be ruffled by this, as reported by CNN. Shares
Sanex Shower Gel Advert Banned Over Concerns of Racial Stereotyping
A television advert for Sanex shower gel has been pulled from broadcast after the UK’s advertising watchdog ruled it reinforced harmful racial stereotypes. The Advertising Standards Authority (ASA) found that
