Tesla Grants Elon Musk $29 Billion in Shares to Secure Future Amid AI Race
Tesla has approved a new $29 billion share award for CEO Elon Musk in a bid to retain the billionaire tech mogul as competition for AI talent heats up globally.
Pepsi Made its First-Ever Condiment
Pepsi, known for being a popular beverage accompaniment to hot dogs, is breaking tradition with its latest creation, "Pepsi Colachup," a condiment infused with Pepsi. Developed in collaboration with the
Five Nikola Electric Trucks Catch Fire at Phoenix Headquarters, Company Says ‘Foul Play Suspected’
Nikola, a startup specializing in electric and hydrogen-powered semi trucks, reported in a tweet that several of its trucks were damaged in a fire at its Phoenix, Arizona headquarters. The
Instagram to Enforce New Safety Measures, Making Millions of Teen Accounts Private
Instagram has announced significant changes aimed at increasing the safety of its teenage users, automatically converting millions of accounts into private profiles under new “teen account” settings. The update, revealed
China Allocates $47.5 Billion to Boost Semiconductor Industry Amid U.S. Restrictions
China is intensifying its efforts to become a leader in advanced technologies by establishing its largest-ever state investment fund for the semiconductor industry, worth $47.5 billion. This move comes as
Apple Faces Stock Decline as Barclays Downgrades Amid iPhone 15 Sales Concerns
On the first trading day of the new year, Apple witnessed a decline in its stock value, exerting downward pressure on the overall US stock market and interrupting the formidable
Hasbro Announces Layoffs, Cutting 1,100 Jobs Amid Toy Sales Slump
In response to a persistent decline in toy sales, Hasbro is set to lay off approximately 1,100 employees, representing nearly 20% of its workforce, according to a memo issued by
Samsung Beats Apple as the Most Repairable Phone Brand in 2022
Samsung has come out on top as the most repair-friendly smartphone brand in 2022, beating Apple by a large margin, according to a study by the Electronics Hub. The study
Cadbury Owner Acquires US Energy Bar Maker For $2.9 Billion
As part of its growth and expansion plans, the owner of British chocolate brand Cadbury has announced it's acquisition of US energy bar maker Clif Bar & Company for the
Sports Illustrated’s Publisher Lays Off Most of its Staff, Union Says
The fate of Sports Illustrated hangs in the balance as the publisher of the iconic magazine and website has reportedly laid off the majority, if not all, of its guild-represented
Tesla Sales Plunge Across Europe Despite Growing Demand for EVs
Tesla is facing a sharp decline in sales across several European countries, signaling deeper challenges for the U.S. electric vehicle giant as competition stiffens and public sentiment shifts. Despite the
MTN Commits $2 Billion Annually to Network Upgrades Across Africa – CEO
MTN Group is investing $2 billion every year to expand and upgrade its network infrastructure across Africa, as part of its ongoing shift from 3G to 5G and its mission
EU Approves Microsoft’s Deal to Buy Activision Blizzard
European regulators have given their approval for Microsoft's $69 billion acquisition of Activision Blizzard, a significant win for the technology giant. While concerns about potential competition issues were raised, Microsoft's
Former Sony Executive Confirms PlayStation Games on PC Are a Huge Profit Boost
Shuhei Yoshida, a longtime Sony executive who played a key role in the PlayStation brand’s growth, has revealed that bringing PlayStation exclusives to PC has been a major financial success
Creative Industries Raise Alarm Over OpenAI-Disney Licensing Deal
Workers across the creative sector have voiced growing unease following a $1bn (£740m) agreement that will allow Disney characters to be used within OpenAI’s ChatGPT and its video-generation platform, Sora.
Netflix Password Crackdown Boosts New Subscribers to Highest Level Since Covid Began
Netflix's crackdown on password sharing in the United States is yielding positive results, as early data suggests a significant increase in new subscriber sign-ups compared to the early days of
The Demise of the Two-Door Car: A Nostalgic Look Back
During the 1990s, a beloved icon of American automotive culture began to fade into obscurity: the two-door car. Once synonymous with style and extravagance, these vehicles, often referred to as
EU Slashes Tariffs on Tesla’s China-Made Cars, Offering Competitive Edge
The European Union has significantly reduced tariffs on Tesla vehicles manufactured in China, a move that could enhance the automaker's market position in the region. The new tariff rate, announced
EU Launches Investigation into Facebook and Instagram Over Child Safety Concerns
The European Union has initiated a formal investigation into Meta, the parent company of Facebook and Instagram, over concerns that its platforms may be too addictive for children and fail
McDonald’s Fined For Child Exploitation Scandal in Kentucky, Indiana, Maryland and Ohio
The Department of Labor was not afraid to enforce the law by fining three franchises of the famous McDonald's fast food chain $212,544 due to various irregularities regarding child labor,
