Ford Scales Back Electric Vehicle Strategy, Braces for $19.5bn Financial Impact
Ford Motor Company has announced a significant shift in its electric vehicle strategy, scaling back plans to build large battery-powered models as it pivots toward hybrids, petrol-powered vehicles and smaller,
Oreo Maker Sues Aldi in U.S. Over Alleged Copycat Packaging
Mondelēz International, the company behind iconic snack brands like Oreo and Chips Ahoy!, has filed a lawsuit against Aldi in the United States, accusing the discount supermarket of imitating the
Dunkin’ Enters Energy Drink Market Amidst Controversy, Launches “SPARKD’ Energy” Beverages
Dunkin' is stepping into the highly caffeinated beverage market with the launch of its "SPARKD' Energy" iced drinks, aiming to tap into the growing demand for energy-boosting beverages. However, the
Meet the Tecno Camon 20 Premier
Tecno just unveiled the Camon 20 Premier 5G with a premium design featuring leather and ceramic on the back. Tecno says the build is premium and "free from the flimsiness
Lightning Strike on Oil Storage Tank in Cuba Causes Massive Fire
Lightning struck a large oil storage tank on Friday evening in Matanzas, Cuba, causing a huge fire. "We are closely following the confrontation with the fire in the industrial zone.
Colombian Billionaire Takes Control of UK’s Struggling Metro Bank
Jaime Gilinski Bacal, a prominent Colombian banking and real estate entrepreneur, has assumed control of Metro Bank as part of a comprehensive rescue plan aimed at addressing financial challenges faced
Fueled by AI, Nvidia Joins the $1 Trillion Club
Nvidia (NVDA) has joined the elite group of companies with a market capitalization of $1 trillion, thanks to the surging demand for its AI chips. Only eight other companies worldwide
Court Upholds Ruling That Google Play Store Operates as Illegal Monopoly
The U.S. Ninth Circuit Court of Appeals has upheld a landmark jury verdict that found Google's Play Store to be operating as an illegal monopoly, handing a significant win to
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
JP Morgan Chase Cuts Ties With Kanye West
Kanye West will need to find a new bank to hold his multi-billion dollar Yeezy brand because the bank where all of his money is kept has kicked him out,
Gazprom Records First Annual Loss in Over 20 Years Amid Europe Sales Decline
In a significant financial downturn, Gazprom, Russia's state-owned gas giant, has reported its first annual loss in over two decades, amounting to 629 billion rubles ($6.9 billion) for the year
A US federal Agency is Considering a Ban on Gas Stoves
A federal agency is considering a ban on gas stoves, a source of indoor pollution linked to childhood asthma. In an interview with Bloomberg, a US Consumer Product Safety commissioner
Samsung Reveals Advanced Chip Technology to Capture AI Market Share
Samsung Electronics Co. has unveiled a series of technological advancements designed to attract AI chip manufacturers to its production facilities. The announcement was made at the company's annual foundry forum
adidas Launches “The Football Triangle” Challenge with Martinelli, Macario, Fishel, and Pereira
In a bid to inspire young female players and showcase the multifaceted nature of football beyond pressure, adidas has teamed up with Gabriel Martinelli, Catarina Macario, Andreas Pereira, and Mia
Tesla Plans Over 10% Global Workforce Reduction Amidst Market Challenges
Tesla, the trailblazer in electric vehicles, is poised to trim over 10% of its expansive global workforce of 140,000 employees, marking a significant restructuring move in response to market dynamics.
AI Drives 48% Increase in Google Emissions
Google's greenhouse gas emissions surged by 48% in 2023 compared to 2019, according to the tech giant's latest environmental report. The spike is largely attributed to the increasing energy demands
Apple Faces Potential Sales Hit as Supreme Court Declines to Review App Store Case
In a significant development for Apple, the US Supreme Court has chosen not to review the lower court's order, compelling Apple to adhere to a broad injunction that could reshape
Tesla Shareholders to Vote on Controversial Pay Package for Elon Musk
Next week, Tesla shareholders will cast their votes on whether CEO Elon Musk deserves a massive compensation package previously struck down by a judge, and whether the company should relocate
HBO Max Returns: Warner Bros. Discovery Reinstates Original Streaming Brand
Warner Bros. Discovery has officially reverted the name of its streaming service back to HBO Max, effective immediately. The company has confirmed that users will begin seeing the updated branding
Harrods Allocates Over £60 Million for Abuse Compensation
Luxury retailer Harrods has set aside more than £60 million to compensate individuals alleging historical abuse linked to its former owner, Mohamed Al Fayed, who passed away in 2023. The
