China Tightens Export Rules for Crucial Rare Earths
China has announced stricter export regulations on rare earth materials - essential components in the production of high-tech goods such as semiconductors, electric vehicles, and defense equipment. The move, unveiled
Virgin Orbit, Richard Branson’s Rocket Company, Will Lay Off 85% of Staff
Virgin Orbit — the rocket company founded by British billionaire Richard Branson — is laying off the vast majority of its workforce as company leadership struggles to secure additional funding.
ChatGPT Warning Knocks $1 Billion Off Market Caps of Education Giants Pearson and Chegg
Shares in US-listed education firm Chegg and London-listed textbook publisher Pearson tumbled today - each seeing roughly $1 billion (£803 million) knocked off its market cap - after the former
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
“Deadpool & Wolverine” Shatters Records with $200 Million Opening Weekend
"Deadpool & Wolverine" has made a historic debut, surpassing the $200 million mark in its opening weekend and setting a new record for the highest-grossing opening for an R-rated film.
Google Reveals RAM Requirements for Running AI Locally on Phones
Google has shed light on the significant RAM requirements needed to run its Gemini AI model locally on mobile devices, particularly on its Pixel 8 smartphones. During a recent episode
Former Activision Blizzard CEO Bobby Kotick Eyes TikTok Acquisition Amid Regulatory Pressure
Amid regulatory pressures and the looming threat of a potential ban or forced sale of TikTok in the United States, Bobby Kotick, the former CEO of Activision Blizzard, reportedly expressed
Starbucks Korea to Close Stores for Staff Training After Promotional Campaign Sparks Backlash
Starbucks Korea has announced plans to temporarily shut all of its outlets nationwide next week to allow employees participate in special training following public criticism over a promotional campaign linked
Twitter Lays Off Staff at its Only Africa Office in Ghana
Twitter has fired nearly all its staff in Ghana, which was home to its only office in Africa. As reported by the BBC, the firm "is re-organising its operations as
SVB Depositors, Investors Tried to Pull $42 Billion From Silicon Valley Bank
Investors and depositors tried to pull $42 billion from Silicon Valley Bank on Thursday in one of the biggest US bank runs in more than a decade, according to a
Billionaire Joe Lewis Pleads Guilty to Insider Trading Charges in US Court
In a significant legal development, UK billionaire Joe Lewis, the owner of Tottenham Hotspur football club, has pleaded guilty to charges of insider trading in a United States court. The
Apple Unveils Debut Sports App Offering Real-Time Scores and Stats
Apple has stepped onto the sports scene with the launch of its inaugural app, Apple Sports, designed for iPhone users seeking real-time scores, vital statistics, and live betting odds. Debuting
China’s Luckin Coffee Enters U.S. Market, Opens First Stores in New York City
Luckin Coffee, China’s largest coffee chain and a formidable rival to Starbucks, has officially made its U.S. debut with the opening of two locations in New York City. The move
Nvidia is Suddenly in Trouble
Nvidia, the AI chipmaking giant, has encountered a major setback after a historic drop in its stock value. On Tuesday, the company's share price plummeted by 9.5%, wiping out an
TikTok Resumes U.S. Service Following Trump’s Intervention
TikTok has restored access to its platform for 170 million U.S. users after President-elect Donald Trump announced plans to issue an executive order granting the app a temporary reprieve. The
Toblerone Can No Longer Claim to be Swiss-Made
Toblerone bars, sold in over 100 countries, can no longer be called Swiss chocolate because the brand’s US owner is moving some production out of Switzerland. As reported on CNN,
Real Reason NETFLIX Re-Considered its Approach in Nigerian Market – AY Comedian
Amid concerns over Netflix’s reported restructuring in Nigeria, popular comedian and filmmaker Ayo Makun, widely known as AY, has shed light on the streaming giant’s true stance in the Nigerian
US Judge Temporarily Blocks Microsoft Acquisition of Activision
A US judge has granted the Federal Trade Commission's (FTC) request to temporarily block Microsoft Corp's acquisition of Activision Blizzard, a video game maker. The judge, Edward Davila, scheduled a
Twitter Accuses Microsoft of Refusing to Pay For Tweets and Abusing its Data Access
Twitter has accused Microsoft of misusing its access to Twitter's data, escalating the ongoing feud between the two tech giants. In a letter sent by Elon Musk's lawyer, Alex Spiro,
Microsoft and Activision Extend Their Deal Deadline
Microsoft and Activision have jointly announced an extension of their merger deadline by three months, signaling their commitment to completing the $69 billion acquisition despite ongoing negotiations with the UK
