Instagram Reels Evolves Into $50bn Revenue Engine for Meta
Instagram Reels has grown from a rapid response to TikTok’s rise into one of Meta’s most valuable businesses, with the short-form video product now generating an annual revenue run rate
‘Dune: Part Two’ Dominates Box Office with $81.5 Million Opening Weekend
In a major boost to the box office, the highly anticipated sequel "Dune: Part Two" has stormed into theatres, claiming the top spot with an impressive $81.5 million in domestic
Ford to Lay Off Workers as it Focuses on Electric Vehicles
Ford is anticipating layoffs of engineers and other employees in North America as it transitions towards producing more electric vehicles, aligning with its Ford+ growth plan introduced in 2021. The
Musk Misses Paris Interview As French Probe Into X Deepens
Elon Musk has failed to appear for a voluntary interview requested by French prosecutors investigating activity on his social media platform, X, according to officials in Paris. The interview, scheduled
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
Nissan to Cut Thousands of Jobs Amid Sales Decline in China and U.S
Nissan announced plans to lay off around 9,000 employees globally as it scales back production due to declining sales in key markets, including China and the United States. This restructuring
Chelsea Staff Member Admits to £200,000 Fraud Against Club
A Chelsea Football Club employee has admitted to defrauding the organisation of more than £200,000 over a four-year period. Claire Walsh, 39, pleaded guilty at Westminster Magistrates’ Court to a
‘My Wife Loves You,’ Sunak Tells Maker of £2,600 Designer Handbags
Rishi Sunak has praised luxury handbag maker Anya Hindmarch for helping him with gift ideas for his wife. At a networking event with business leaders organised by Downing Street, the
Macy’s Delays Earnings Report After Employee Hides $154 Million in Expenses
Macy’s has delayed the release of its quarterly earnings report after uncovering accounting irregularities tied to a single employee who allegedly concealed up to $154 million in expenses over nearly
Meta Lay-Offs: Facebook Owner to Cut 10,000 Staff
Meta, which owns Facebook, Instagram and WhatsApp, has announced plans to cut 10,000 jobs. As reported on BBC, this marks the second wave of mass redundancies from the tech giant,
Nigerian Breweries Appoints Nkechi Runsewe As Human Resources Director
Nigerian Breweries Plc has announced the appointment of Nkechi Runsewe as its new Human Resources Director, effective August 1, 2026. Runsewe succeeds Grace Omo-Lamai, who is set to retire on
AstraZeneca Halts £200m Cambridge Expansion Amid Growing Pressure on UK Pharma Sector
AstraZeneca has paused its planned £200 million investment to expand its Cambridge research site, dealing another setback to the UK’s pharmaceutical industry just days after US rival Merck scrapped a
Amazon CEO of Worldwide Consumer, Dave Clark Resigns
Amazon's Worldwide Consumer CEO, Dave Clark has resigned from his role at the company after 23 years at the e-commerce giant.
US Woman Jailed for 8 Years Over Identity Theft Scheme Aiding North Korean Workers
A 50-year-old Arizona woman has been sentenced to more than eight years in prison for orchestrating an identity theft operation that enabled North Korean nationals to secure jobs with hundreds
NBA and Warner Bros. Discovery Headed for Legal Showdown Over Broadcasting Rights
The National Basketball Association (NBA) and Warner Bros. Discovery (WBD), the parent company of TNT, are on a collision course toward a legal battle over broadcasting rights, setting the stage
Wells Fargo to Offload Billions in Commercial Mortgages to Trimont
Wells Fargo has announced plans to divest the majority of its commercial mortgage servicing business, transferring it to global loan servicing firm Trimont, according to a statement released Tuesday. This
Mercedes Introduces Innovative Turquoise Blue Lights Indicating Self-Driving Mode
Mercedes-Benz has broken new ground by adding a unique colour to its car lights, making turquoise blue the official hue for indicating when a Mercedes vehicle is operating in self-driving
Nike Air Max 1 Gets Golf-Ready in New ‘Obsidian’ Edition
Nike is once again blending streetwear heritage with sports functionality as it adapts one of its most iconic sneakers, the Air Max 1, for the golf course. The brand has
Pizza Hut Introduces Snake Pizza in Hong Kong
American company Pizza Hut in Hong Kong has launched a novel and unconventional pizza that includes a distinctive ingredient - snake meat - bringing a modern twist to traditional flavors
Google Enhances Gemini AI Platform with Major Updates for Improved User Experience
Google has rolled out significant updates to its Gemini conversational AI platform, introducing new features designed to enhance user experience and performance. Similar to ChatGPT, Gemini assists users with a
