Periwinkle, Partners Sign Joint Venture For Luxury High-Rise In Banana Island
Periwinkle Empire has entered into a joint venture with Bozac Continental Limited and Legacy Automobile Limited to develop a luxury high-rise condominium in Banana Island. The tripartite agreement, formalised at
Amazon Fires Alabama Warehouse Worker Who Led Union Push
An Amazon worker who played a prominent role in organizing an unsuccessful unionization effort at a warehouse in Alabama has been fired by the company. Jennifer Bates, known for testifying
UnwindFest Set To Host Founders Rant X In Lagos
Founders Rant X, the flagship experience of UnwindFest powered by YellowLyfe, is set to hold its latest edition on May 13, 2026, in Lagos. The event, scheduled to take place
US Inflation Hit 8.3%, But Slowed From Last Month’s High
The US consumer price index (CPI), a broad-based measure of prices for goods and services, was released on Wednesday, showing that prices rose 8.3% in April.Officials hope soaring inflation might
iPhone Prices Could Triple to $3,500 If Manufacturing Moves to U.S., Analyst Warns
Amid escalating trade tensions and new tariff policies championed by former U.S. President Donald Trump, a leading tech analyst has warned that the cost of an iPhone could skyrocket to
Adobe Offers Payment for Original Video Content to Train AI
Adobe, the software giant, is venturing into artificial intelligence with a text-to-video generator akin to OpenAI's recent innovation. Documents obtained by Bloomberg reveal Adobe's initiative to compensate artists and photographers
Boohoo Weighs Break-Up as Sales Plunge Amid Stiff Competition and Changing Consumer Trends
Online fashion retailer Boohoo is considering a significant overhaul that could lead to the break-up of the company, as it struggles to regain its footing in an increasingly competitive market.
DEI Isn’t Dead: Corporate America Adapts Diversity Initiatives Amid Rising Criticism
Despite increasing scrutiny and pressure from conservative activists, diversity, equity, and inclusion (DEI) initiatives remain deeply embedded in corporate America. While some companies are making adjustments to DEI policies and
Petrol price: Low Income Earners Face Job Losses Amid Transportation Fares Hike
The recent surge in petrol prices across Nigeria is having a severe impact on low-income earners, as many struggle to cope with soaring transportation costs. The price hike, which has
Currys Rejects £700 Million Takeover Bid from US Firm Elliott
Currys, the electrical goods retailer, has turned down a £700 million takeover offer from US investment firm Elliott, stating that the bid significantly undervalued the company and its potential for
Duolingo Lays off 10% of its Contract Workers as the Company Puts More Faith in AI
Language-learning software giant Duolingo has announced a 10% reduction in its contractor workforce, signalling a shift towards increased integration of artificial intelligence (AI) in its operations. According to a Duolingo
Pepsi Faces Bigger Tariff Blow Than Coca-Cola in Ongoing Soda Rivalry
As the White House’s sweeping tariffs begin to bite across industries, beverage giant PepsiCo appears to be taking a harder hit than its longtime rival Coca-Cola - adding a fresh
Greece Moves to Ban Social Media Access for Under-15s Starting Next Year
Greece has announced plans to block children under the age of 15 from accessing social media platforms beginning in January next year, as part of efforts to address growing concerns
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
OpenAI Unveils First Custom AI Chip to Power ChatGPT and Future Models
OpenAI has introduced its first custom-designed artificial intelligence chip, marking a significant step in the company's push to strengthen its AI infrastructure and reduce its reliance on third-party hardware suppliers.
Coca-Cola is Giving BodyArmor a Major Makeover in Hopes of Jump-Starting Sales
After Coca-Cola's $5.6 billion acquisition of BodyArmor in 2021, the sports drink brand was expected to rise to the top of the market, challenging Gatorade’s dominance. Yet, nearly four years
From Intern to Industry Rival: The Rise of TikTok’s CEO Shou Zi Chew
Once an intern at Facebook, Shou Zi Chew now stands as one of Mark Zuckerberg’s fiercest competitors, leading TikTok, the platform that has disrupted the social media landscape. Chew’s journey
Saudi Arabia Plans Dragon Ball Theme Park, Draws Mixed Reactions
Saudi Arabia has announced plans to construct a theme park inspired by the iconic Japanese anime series Dragon Ball, triggering a wave of excitement and criticism among fans worldwide. The
Meta Acquires Moltbook, a Social Platform Built for AI Bots
Technology giant Meta Platforms, the parent company of Facebook and Instagram, has acquired Moltbook, an experimental social networking platform designed specifically for artificial intelligence programs to communicate with one another.
WWE Sells Itself to UFC
World Wrestling Entertainment has been sold to Endeavor Group, the parent company of competitor UFC, to form a new publicly traded company. The newly combined company has a value of
