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, 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
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, 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
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
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
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
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 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 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
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 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
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
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 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 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 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, 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, 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
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
