Burberry CEO Steps Down Amid Profit Warning and Sales Decline

Burberry CEO Steps Down Amid Profit Warning and Sales Decline

British luxury brand Burberry has announced the immediate departure of its CEO, Jonathan Akeroyd, following another challenging quarter with a sales drop of over 20%. Akeroyd, who held the position

Stellantis Recalls Over 1.2 Million Ram Trucks Due to Brake System Software Issue

Stellantis Recalls Over 1.2 Million Ram Trucks Due to Brake System Software Issue

Stellantis, the global automaker, is recalling more than 1.2 million Ram 1500 trucks due to a software glitch in the anti-lock brake system (ABS), according to a statement from the

Australian Firm Sues Twitter For $665,000 For Not Paying Bills

Australian Firm Sues Twitter For $665,000 For Not Paying Bills

An Australian project management firm has filed a lawsuit against Twitter in a US court seeking cumulative payments of about A$1 million ($665,000) over alleged non-payment of bills for work

OpenAI Secures $6.6 Billion in Funding, Valuing the AI Leader at $157 Billion

OpenAI Secures $6.6 Billion in Funding, Valuing the AI Leader at $157 Billion

OpenAI, the tech company behind ChatGPT, has raised $6.6 billion in a new funding round, bringing its valuation to a staggering $157 billion. This puts OpenAI on par with major

Sam Bankman-Fried Directed to Executives to Hide $8 Billion in Liabilities

Sam Bankman-Fried Directed to Executives to Hide $8 Billion in Liabilities

Prosecutors of the Commodities Futures Trading Commission (CFTC) that filed a lawsuit against former billionaire Sam Bankman-Fried (SBF) have alleged that the crypto exchange's executives hid $8 billion in liabilities

AI Chatbots Face Scrutiny Over Benchmark Testing Practices

AI Chatbots Face Scrutiny Over Benchmark Testing Practices

The race to develop ever-more sophisticated artificial intelligence has seen companies like OpenAI, Google, and DeepSeek release increasingly powerful models, each claiming to push the boundaries of progress. OpenAI recently

These Credit Cards Feature OLEDs that Light Up Upon Payment

These Credit Cards Feature OLEDs that Light Up Upon Payment

In a bid to revolutionize the payment experience, fintech company Sentry Enterprises has introduced an innovative platform called Radiance, showcasing credit cards equipped with eye-catching OLED displays that illuminate upon

Vauxhall Owner Sues Tyre Maker Continental and Car Parts Maker Bosch Over Cartel Claims

Vauxhall Owner Sues Tyre Maker Continental and Car Parts Maker Bosch Over Cartel Claims

Stellantis, the owner of Vauxhall, is suing Continental, a tyre maker, and Bosch, a car parts maker, over allegations of historical price-fixing. The lawsuit follows an EU ruling which found

Periwinkle, Partners Sign Joint Venture For Luxury High-Rise In Banana Island

Periwinkle, Partners Sign Joint Venture For Luxury High-Rise In Banana Island

Periwinkle Empire has entered into a joint venture with Bozac Continental Limited and Legacy Automobile Limited to develop a luxury high-rise condominium in Banana Island. The tripartite agreement, formalised at

Goldberg Unveils ‘Back To Bar’ Campaign, Offers Fans UK And Lisbon Trips To Watch Super Eagles

Goldberg Unveils ‘Back To Bar’ Campaign, Offers Fans UK And Lisbon Trips To Watch Super Eagles

Goldberg Lager Beer has launched a new consumer campaign titled Back to Bar, giving football fans the opportunity to win all-expense-paid trips to watch the Super Eagles live in the

Berkshire Invests in Ulta Beauty, Heico as it Retreats from Apple

Berkshire Invests in Ulta Beauty, Heico as it Retreats from Apple

Warren Buffett’s Berkshire Hathaway has made notable moves in its investment portfolio for the second quarter, acquiring significant stakes in Ulta Beauty and aircraft parts manufacturer Heico, while significantly reducing

Baltimore Takes Legal Action Against Ship Owner Over Bridge Collapse

Baltimore Takes Legal Action Against Ship Owner Over Bridge Collapse

Baltimore has initiated legal proceedings against the owner and operator of the cargo ship involved in the collision with the Francis Scott Key Bridge, leading to its collapse last month.

Ontario Premier Faces Backlash Over $21m Government Jet Purchase

Ontario Premier Faces Backlash Over $21m Government Jet Purchase

Doug Ford is facing criticism after his administration approved the purchase of a C$28.9 million ($21 million) private jet, a move opponents say is poorly timed given current economic pressures

BrewDog Enters Administration as Tilray Buys Assets in £33m Deal

BrewDog Enters Administration as Tilray Buys Assets in £33m Deal

Hundreds of workers have lost their jobs and dozens of pubs have shut their doors after Scottish craft beer maker BrewDog entered administration. US-based beverages and medical cannabis group Tilray

Infinix Unveils NOTE 60 Ultra As Flagship Push Into Premium Segment

Infinix Unveils NOTE 60 Ultra As Flagship Push Into Premium Segment

Infinix has introduced its latest flagship smartphone, the Infinix NOTE 60 Ultra, marking a significant move into the premium device category. The device was unveiled at the Mobile World Congress

Taco Bell Pulls Lettuce From Menu in Parts of US Amid Parasite Outbreak

Taco Bell Pulls Lettuce From Menu in Parts of US Amid Parasite Outbreak

Taco Bell has removed lettuce from its menu in parts of the United States after health authorities linked the ingredient to a multi-state outbreak of cyclosporiasis, a parasitic infection that

Harley-Davidson Ends Diversity Initiatives Following Pressure from Right-Wing Campaign

Harley-Davidson Ends Diversity Initiatives Following Pressure from Right-Wing Campaign

Harley-Davidson has announced the discontinuation of its diversity, equity, and inclusion (DEI) initiatives, marking a significant shift away from progressive policies the company had previously supported. The move comes in

Amazon to Invest Up to $4 Billion in Anthropic, a Rival to ChatGPT Developer OpenAI

Amazon to Invest Up to $4 Billion in Anthropic, a Rival to ChatGPT Developer OpenAI

Amazon, the global e-commerce powerhouse, has announced its intention to invest a substantial sum, up to $4 billion, in the artificial intelligence (AI) company Anthropic. This strategic move also entails

Spirit Airlines Declares Bankruptcy, Lost $2.2 Billion in 5 Years

Spirit Airlines Declares Bankruptcy, Lost $2.2 Billion in 5 Years

Spirit Airlines, the largest budget carrier in the United States, has filed for Chapter 11 bankruptcy protection, citing challenges stemming from pandemic-era disruptions and failed acquisition deals. The move, announced

BMW and Mercedes Launch Ambitious Electric Vehicle Initiatives to Compete with Tesla and Chinese Rivals

BMW and Mercedes Launch Ambitious Electric Vehicle Initiatives to Compete with Tesla and Chinese Rivals

Two automotive giants, BMW and Mercedes-Benz, have embarked on their most substantial foray into the electric vehicle (EV) market, aiming to counter the escalating competition from Chinese automakers and catch

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