Reese Witherspoon Sells Her Fashion Brand, Draper James
Private equity group Consortium Brand Partners has announced its acquisition of a majority stake in actress Reese Witherspoon's fashion and lifestyle brand, Draper James. Under the terms of the deal,
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
Amazon, Hilton and Pepsi to Hire Thousands of Refugees in Europe
Amazon, Hilton Hotels, Adecco, and Microsoft are among the companies pledging to hire or provide career support to 5,000 Ukrainian and other refugees in Europe, in an effort to assist
DOJ Sues to Block Hewlett Packard Enterprise’s $14 Billion Juniper Deal
The U.S. Department of Justice has filed a lawsuit to block Hewlett Packard Enterprise’s (HPE) proposed $14 billion acquisition of networking equipment company Juniper Networks, citing concerns over reduced competition
Everyman Cinema Chief Executive Steps Down After Profit Warning
Everyman Media Group has announced the departure of its chief executive, Alex Scrimgeour, less than three weeks after the cinema chain issued a profit warning and downgraded its financial outlook.
Volkswagen Reboots its Groovy 60s-Era VW Bus – This Time it’s Faster, Roomier and Electric
It appears that there is a growing demand for car seats in the United States. In response, Volkswagen introduced the ID. Buzz, an electric van with a retro design, last
Chipmaker Broadcom to buy software group VMware for $61 Billion
It's official! In what could go down as one of the biggest deals in the history of tech business acquisitions, American chipmaker, Broadcom has concluded plans to acquire VMware in
Elon Musk Found Not Guilty of Fraud Over Tesla Tweet
Tesla co-founder Elon Musk has been cleared of wrongdoing for a tweet in which he said he had "funding secured" to take the electric carmaker back into private ownership. Shareholders
Apple Rumored to Unveil Hybrid iPad in 2025 and Foldable iPhone in 2026
Speculation surrounding Apple's venture into the realm of foldable devices has gained momentum, with reports suggesting the tech giant is poised to introduce its inaugural hybrid iPad in 2025, followed
Elon Musk’s Twitter Deal Has to Close by Friday or the Trial is Back on
Elon Musk’s on-again off-again plan to buy Twitter is on track to culminate in the billionaire taking control of the company this week. As reported by TechCrunch, Musk is expected
11,000 Jobs on the Line as Another German Company Stumbles
Germany's largest steel producer, Thyssenkrupp Steel, has announced plans to cut approximately 11,000 jobs by 2030, marking another major blow to the country's struggling industrial sector. The reductions, representing 40%
Meta Officially Launches Twitter Rival Threads
Meta, the parent company of Facebook, has launched its latest app, Threads, in a direct challenge to Twitter's real-time conversation space. The app, which bears many similarities to Twitter in
Apple Faces Online Backlash Over £220 ‘iPhone Pocket’ Accessory
Apple is facing widespread ridicule after unveiling its latest accessory - a minimalist carrying case for its iPhone range that retails for £219.95. The product, named the iPhone Pocket, was
Volkswagen CEO Diess is Stepping Down in Surprise Move
Volkswagen's CEO, Herbert Diess is leaving his post in a surprise move, effective September 1, as reported by the BBC, According to the company, Diess will be replaced by Oliver
Pepsi Partners Superstar Chlöe Bailey to Reimagine ‘Footloose’ to Celebrate the Return of Pepsi-Cola Soda Shop
Pepsi has announced the return of Pepsi-Cola Soda Shop, a modern take on classic soda shop flavors, with a new limited-edition flavor – Zero Sugar Cream Soda Cola – joining
Hyundai to Manufacture Electric Vehicles, Batteries in US; Plant Construction Begins in 2023
South Korean car manufacturer, Hyundai has revealed plans to build a $5.5 billion electric vehicle and battery plant in the southern US state of Georgia.This was disclosed by the Governor
TikTok Investigating Claims of Aggressive Work Culture
As a direct fallout of an executive of popular social media platform, TikTok allegedly saying that he did not believe employees should get maternity leave, the company is currently investigating
YouTube Launches AI Tool That Generates Free Background Music for Creators
YouTube has unveiled a new AI-powered feature called Music Assistant, designed to help content creators generate copyright-free instrumental tracks tailored to their videos. The tool is now rolling out in
Netflix And Paramount Face Off In High-Stakes Battle For Warner Bros Discovery
A major power struggle is unfolding in Hollywood as Netflix and Paramount Skydance compete for control of Warner Bros Discovery, one of the entertainment industry’s most historic studios. Paramount Skydance,
Netflix Uses Generative AI for On-Screen Visual Effects in Original Series for First Time
Netflix has confirmed that it used generative artificial intelligence (AI) to create visual effects for the first time in one of its original productions - a milestone that could reshape
