Kakao Founder Arrested on Stock Manipulation Charges
Kim Beom-su, the billionaire founder of South Korean tech giant Kakao Corp, was arrested on Tuesday over allegations of manipulating stocks during the acquisition of a K-Pop agency last year.
Potential 10-Day UPS Strike Could Result in $7.1 Billion Loss for US Economy
According to an estimate from Anderson Economic Group, a Michigan-based economic research firm, a 10-day strike by UPS workers could potentially cost the US economy a staggering $7.1 billion. If
Target to Lay Off 1,000 Employees as Sales Slump Deepens
Retail giant Target has announced plans to lay off around 1,000 corporate employees and eliminate 800 open positions, a move that will affect roughly 8% of its global corporate workforce,
Italy Wants to Build the World’s Longest Suspension Bridge But…
The idea of a bridge connecting mainland Italy to Sicily across the Straits of Messina goes back to Roman times. But despite various proposals, including one for a tunnel, the
DeepSeek’s Shock Debut Shook Silicon Valley – But Has It Changed AI?
When Chinese AI firm DeepSeek released its chatbot, DeepSeek-R1, in late January, few in the United States had heard of it. Within 48 hours, it was the most downloaded free
UNILAG Power Cut Over N1 Billion Unpaid Electricity Debt, Says Eko Disco
The Eko Electricity Distribution Company (Eko Disco) has disconnected the University of Lagos (UNILAG) from the power grid due to an outstanding debt of over N1 billion in unpaid electricity
Amazon Reports 14% Revenue Surge Fueled by Strong Holiday Sales
E-commerce giant Amazon has experienced robust revenue growth, driven by a surge in holiday shoppers during the last quarter, according to the company's latest financial report. The report, released on
Microsoft to Cut Up to 9,000 Jobs Amid Accelerated AI Investment
Tech giant Microsoft has announced plans to lay off as many as 9,000 employees, as the company continues to restructure its workforce to align with its expanding ambitions in artificial
Apple is Now Worth $3 Trillion
Apple has once again achieved a remarkable milestone by becoming the only company ever to reach a market value of $3 trillion. On Friday, Apple's shares rose 1%, reaching a
Nike is in a Slump: Hires Kim Kardashian to Help
Nike is looking to revive its struggling sales with a major celebrity partnership, announcing a collaboration with Kim Kardashian to create a new brand called "NikeSkims." The sportswear giant revealed
Boeing CEO Dave Calhoun’s Compensation Surges to $32.8 Million Amid Company’s Struggles
Despite Boeing's ongoing challenges, CEO Dave Calhoun received a significant boost in compensation in 2023, totalling $32.8 million, marking a 45% increase from the previous year. This hefty sum includes
Elon Musk Risks Being Forced to Pay Twitter Billions of Dollars by Delaware Judge
American billionaire and businessman, Elon Musk's chances of winning the lawsuit filed against him by Twitter appears to have taken a precarious position with the appointment of the judge in