Surge in Hoax Bomb Threats Disrupting India’s Air Travel Industry
India’s aviation sector is grappling with an unprecedented rise in hoax bomb threats, causing widespread flight disruptions, diversions, and delays. These false alarms have created significant setbacks for airlines, passengers,
Disney CFO Christine McCarthy Steps Down
Disney's Chief Financial Officer (CFO), Christine McCarthy has stepped down from her position and taking a family medical leave of absence. Effective July 1, Kevin Lansberry, currently the CFO of
Oracle Faces Scrutiny After Alleged Data Breach, Hacker Puts Stolen Data Up for Sale
Oracle is under fire after a hacker claimed to have breached the company's cloud systems, exfiltrating sensitive data from over 144,000 clients. The breach, which allegedly compromised around 6 million
Trump Pauses TikTok Ban as China Tariffs Shake Up Negotiations
TikTok's fate in the United States remains uncertain - but not sealed - as former President Donald Trump announced a fresh 75-day extension of the enforcement deadline on the app’s
British Airways Owner IAG Reports First Profit Since Pandemic Began
British Airways owner IAG has recorded a profit for the first time since the beginning of the Covid-19 pandemic, despite the wave of challenges it has had to contend with
FCC Imposes Multi-Million Dollar Fines on Wireless Carriers for Unauthorized Location Sharing
The Federal Communications Commission (FCC) has levied significant fines against leading US wireless carriers AT&T, Sprint, T-Mobile, and Verizon following an investigation revealing the unauthorized sharing of customers' personal location
Justice Department Pushes for Google to Sell Chrome in Ongoing Antitrust Battle
The U.S. Department of Justice (DoJ) is intensifying its legal challenge against Google’s dominance in the digital space, requesting a federal judge to order the immediate divestiture of the company’s
Nestlé Ousts CEO Laurent Freixe Over Undisclosed Workplace Romantic Relationship
Nestlé has dismissed its chief executive, Laurent Freixe, after he failed to disclose a romantic relationship with a direct subordinate, the Swiss food and beverage giant confirmed on Monday. The
Toyota Mishandled User Data by Publishing Over 2 Million User Info Online
Reports of data breaches resulting in the leakage of millions of user data are not uncommon. However, it is less common for a company to unintentionally publish millions of user
Baidu’s $3.6 Billion Joyy Deal Collapses, Dealing a Setback to Live Streaming Expansion Plans
Chinese tech giant Baidu faces a setback in its ambitions to expand its live streaming business in China and diversify revenue streams as it calls off a planned $3.6 billion
Coca-Cola Launches Programme to Empower 20,000 African Women Entreprenuers
In a bid to increase the impact of African women entrepreneurs, the Coca-Cola Foundation has partnered with Women in Africa (WIA) through the JAMII Femmes initiative to support 20,000 women-led
How Walmart CEO Doug McMillon Went From Unloading Walmart Trucks as Teen to Earning $25.7M in Total Compensation
Carl Douglas McMillon was born in 1966 in Memphis, Tennessee. When he was 16, his family moved to 'the birthplace of Walmart' — Bentonville, Arkansas. During the summer, McMillon worked
Disney to Pay $10m to Settle Alleged Children’s Privacy Law Breaches
The Walt Disney Company has agreed to pay $10 million (£7.4 million) to resolve allegations that it violated US children’s privacy laws by failing to properly label certain YouTube videos
Meta Nears Resolution of Outage Affecting Facebook, Instagram, and WhatsApp
Meta has announced that it is close to resolving a significant technical issue causing widespread outages on its platforms, including Facebook, Instagram, and WhatsApp. The company acknowledged the disruption on
Mars Acquires Hotel Chocolat in a £534 Million Deal
In a significant move, Mars is set to acquire Hotel Chocolat, the largest independent chocolate maker in Britain, in a deal valued at £534 million ($661 million). The acquisition is
Marks & Spencer CEO Targeted Directly in £300m Ransomware Attack
Hackers behind the devastating cyberattack on Marks & Spencer sent a direct and abusive ransom demand to the company’s chief executive, it has emerged. The email, sent on April 23,
India’s Cheaper Weight-Loss Drugs Could Transform Global Obesity Treatment
India is on the verge of a major shift in the fight against obesity, as the patent for semaglutide - the key ingredient behind blockbuster drugs like Ozempic and Wegovy
Ford Says Trump’s Auto Tariffs Unlikely to Trigger Major Price Hikes
Despite an estimated $1.5 billion hit from new auto tariffs this year, Ford says it doesn’t anticipate a sharp rise in car prices for American consumers. The automaker shared the
PepsiCo Q2 2022 Earnings Beat Wall Street Estimates
PepsiCo has raised its revenue outlook for the year, as inflation pushed up prices and people paid more for its Doritos chips and Gatorade drinks as it deploys price hikes,
The Chinese AI App Sending Hollywood into a Panic
When a handful of slick, cinematic clips began circulating online, many viewers assumed they were watching trailers from upcoming blockbuster films. Instead, the videos - complete with polished visuals, sound
