Samsung Profit Falls 55% as AI Chip Race Intensifies
Samsung Electronics has reported a sharp 55% drop in second-quarter operating profit, falling to ₩4.7 trillion ($3.4bn) from ₩10.4 trillion ($7.5bn) a year earlier, as the company continues to lose
China Strikes Back at EU with Brandy Tax
China has imposed new tariffs on European brandy imports, in what France claims is retaliation for the European Union's recent decision to levy heavy duties on Chinese-made electric vehicles. The
Nike’s Sales are Tumbling
Nike is experiencing a downturn as global sales fell by 9% last quarter, with a sharp 17% decline in China, the company announced on Thursday. In North America, its biggest
Postmasters Wrongfully Convicted in Horizon Scandal to Receive Full Compensation
In a significant turn of events, a group of former sub-postmasters, whose convictions were overturned in the Horizon scandal, have been assured that they will receive full compensation. This assurance
Short Sellers Lost More Money Betting Against Tesla Than Any Other Company in 2023
Here’s something sure to make Elon Musk smile – short sellers, those investors who placed bets that the value of Tesla shares were going to go down, lost a combined
Meta Releases Clues on How AI is Used on Facebook and Instagram
In response to the increasing demand for transparency in artificial intelligence, Meta has unveiled a range of tools and information designed to help users understand how AI influences the content
Trump Unveils $1 Million ‘Gold Card’ Visa for Wealthy Foreign Applicants
President Donald Trump has introduced a new fast-track immigration programme that offers wealthy foreign nationals a pathway to live - and potentially become citizens - in the United States, provided
Twitter is Now Showing Everyone How Many Views Your Tweets Get
Twitter announced that view counts for tweets are now visible on iOS and Android and that they’ll be coming soon to the web (I’ve already started to see them there).
Nintendo to Introduce Virtual Game Cards for Digital Game Sharing
Nintendo is set to roll out a new feature called Virtual Game Cards, allowing users to share their digitally purchased games between devices - bringing a level of flexibility previously
Twitter Suspends Mastodon’s Account and Bans Links to Mastodon Servers
A day after Twitter crafted a new policy to explain its decision to ban an account that tracks Elon Musk’s private jet, the fallout continues. Twitter apparently suspended its open
AI Chip Boom Sends Nvidia’s Stock Surging After Whopper of a Quarter
The AI boom is here, and Nvidia is reaping all the benefits. Shares of Nvidia (NVDA) exploded 28% higher Thursday after reporting earnings and sales that surged well above Wall
NDIC Begins N46.6bn Payout to Heritage Bank Depositors
The Nigeria Deposit Insurance Corporation (NDIC) has commenced the disbursement of N46.6 billion to depositors of the now-defunct Heritage Bank whose funds exceeded the maximum insured limit of N5 million.
More Americans Living Paycheck to Paycheck as Inflation Continues to Rise
More Americans are feeling financially strained as the prices of basic necessities keep climbing.At the moment, inflation is showing no signs of slowing down, making it harder for workers to
CBN Denies Reports of New N5,000 and N10,000 Banknotes
The Central Bank of Nigeria (CBN) has dismissed reports claiming it has introduced new N5,000 and N10,000 banknotes, labeling them as false. In a statement shared on its official Instagram
Signal Warns Users About Scams After Hackers Target Officials
Encrypted messaging platform Signal has issued a warning to users following reports that hackers are targeting accounts through sophisticated scam campaigns. The alert comes after Dutch intelligence agencies revealed that
Logan Paul and MrBeast Unveil Healthier Alternative to Lunchables with ‘Lunchly’
YouTube sensations Logan Paul, MrBeast, and KSI have launched a new meal option aimed at providing a healthier alternative to Lunchables, a popular choice in the school lunch market. The
Ice Cube Secures $10 Million Deal as BIG3 League Sells First Franchise Team
Ice Cube's BIG3 League has entered into a groundbreaking $10 million deal as it embarks on a significant transition, establishing geographical ties to its teams for the first time since
Mondelez Faces €337.5 Million Fine for Rigging European Markets
Mondelez, the renowned maker of Oreo cookies and Cadbury Dairy Milk chocolate, has been slapped with a hefty fine of €337.5 million ($366 million) by the European Union for engaging
Investigation Underway into Rare Dutch Roll Incident on Boeing 737 Max 8
Federal authorities and Boeing are investigating a rare and unsafe oscillation experienced by a Boeing 737 Max 8 during a recent Southwest Airlines flight. The flight, designated as Southwest 746,
China Surpasses the US in Branded Coffee Shops, Experiencing 58% Growth in the Past Year
A recent report by World Coffee Portal reveals that China has emerged as the leading market for branded coffee shops globally, surpassing the United States in the number of outlets.
