Joann to Close 500 Stores Amid Bankruptcy Struggles
Fabric and craft retailer Joann is set to shut down 500 of its 800 stores across the United States in the coming months as it moves through the bankruptcy process.
Social Media Giants Accused of Building ‘Addictive’ Platforms as US Trial Begins
A high-profile trial examining the impact of social media on young people’s mental health has opened in California, with lawyers accusing the owners of Instagram and YouTube of deliberately designing
Scammers Trick Company Employee Using Video Call Filled with Deepfakes of Execs, Steal $25 Million
In a sophisticated cybercrime incident, scammers employed deepfake technology to orchestrate a $25 million theft from the Hong Kong branch of an undisclosed multinational company. The criminals utilized digitally recreated
Tesla Profits Climb Despite Price Cuts
Tesla, the electric vehicle (EV) giant, has reported a significant increase in profits, surpassing analysts' expectations despite implementing price cuts that affected its revenue per vehicle sold. In the second
Mexico Sues Google Over ‘Gulf of America’ Name Change
Mexico has filed a lawsuit against Google for renaming the Gulf of Mexico as the "Gulf of America" on its maps platform for U.S. users, President Claudia Sheinbaum revealed. The
Elon Musk Launches Blistering Critique Against Advertisers Exiting X
In a heated tirade, Tesla and SpaceX CEO Elon Musk has vehemently criticized companies participating in an advertising boycott of X (formerly Twitter), warning that their actions may lead to
Louisiana Files Lawsuit Against Roblox Over Child Safety as Shares Slide
Roblox is facing fresh legal pressure as Louisiana’s Attorney General, Liz Murrill, filed a lawsuit against the gaming platform, accusing it of failing to adequately safeguard children. The development comes
More States Want to Let Kids Work as Bartenders
Child labour protection laws are facing a rollback in several states across the United States, with more states now allowing teenagers to serve alcohol at bars and restaurants. According to
Bank of England Reveals King Charles III Banknote Designs
The Bank of England has unveiled plans to keep a lasting legacy alive with the circulation of new banknotes featuring King Charles III in mid-2024. The United Kingdom’s central bank
Taylor Swift Partners with Disney+ for ‘The Eras Tour’ Film, Netflix Misses Out
Taylor Swift has struck a lucrative deal with Disney+ for the rights to her highly successful concert film, 'The Eras Tour', leaving other major distributors like Netflix and Universal in
Meta Removes Facebook and Instagram Accounts of Iran’s Supreme Leader
Meta, the parent company of Facebook and Instagram, has taken action to remove the social media accounts belonging to Iran's Supreme Leader, Ayatollah Ali Khamenei. The decision to disable Khamenei's
Amazon Bets $11.5bn on Satellite Expansion to Challenge Starlink
Amazon is ramping up its ambitions in space-based connectivity with a planned $11.57 billion acquisition of Globalstar, as it positions itself to compete more aggressively with Starlink. The deal will
DeepSeek’s AI Revolution Reshapes China’s Tech Industry Amid Global Disruptions
The rise of Chinese AI firm DeepSeek is shaking up not only global tech giants like OpenAI but also China’s own technology landscape. As the company’s influence spreads, some of
Junk Fees: US Names and Shames Airlines Over Family Seating
US airlines are being called out for their family seating fees as calls grow from the Biden administration to cut back on so-called junk fees. As reported on BBC, the
Monster Energy Is Paying $362 Million to Acquire This Key Competitor to Celsius Holdings
Celsius Holdings, known for its calorie-burning energy drinks, has often been dubbed a "baby Monster" in reference to its rival, Monster Beverage. However, with Celsius experiencing significant growth and stock
Scandal! Davido Ran Away With My N218m – Businessman Cries Out
A Nigerian businessman, Abu Salami, has accused music superstar David Adeleke, popularly known as Davido of threatening to kill him after breaching their business contract. Salami accused Davido of breaching
FIFA Introduces £45 Entry-Level Tickets for 2026 World Cup After Fan Backlash
FIFA has announced the introduction of a new £45 ($60) ticket category for the 2026 World Cup, following widespread criticism of the tournament’s original pricing structure. World football’s governing body
Aston Martin Strikes Deal With California-Based Lucid to Help Make EVs
British ultra-luxury sports car manufacturer Aston Martin has partnered with California-based electric luxury car startup Lucid Group, whereby Lucid will supply electric motors and battery systems for Aston Martin's upcoming
Valve Signals Potential SteamOS Expansion to Rival Handheld Gaming PCs
Valve’s SteamOS, the operating system that gives the Steam Deck its unique console-like experience within a Linux environment, could soon be making its way to other handheld gaming devices. Recent
CBN Closes 31 Banks in Lagos and 72 Microfinance Banks Nationwide
The Central Bank of Nigeria (CBN) recently announced the closure of 31 banks in Lagos as part of a larger effort to strengthen the banking sector in Nigeria. This action
