Adidas Says Dropping Kanye West Could Cost it More Than $1 Billion in Sales
Adidas’ breakup with Ye, formerly known as Kanye West, is a pricey one. As reported on CNN, the company warned Thursday that it’s expected to lose $1.3 billion (1.2 billion
Why Nike, Starbucks and Boeing Have Lost Their Magic
Three of America’s iconic brands - Starbucks, Nike, and Boeing - are grappling with significant challenges as they aim to restore their standing in their respective markets. With new CEOs
Unionised US Apple Store Proposes Asking for Tips
Picture this: You've dropped your iPhone and shattered its screen for the second time. You rush to your nearest Apple Store for repairs, and the team at the Genius Bar
Wendy’s Plans to Close Hundreds of U.S. Restaurants in Restructuring Move
Wendy’s is preparing to shut down a significant number of its U.S. restaurants as the fast-food chain works to reverse declining performance. Interim CEO Ken Cook told investors on Friday
PayPal Announces Workforce Reduction of 9%
In the latest workforce adjustment within the tech industry, PayPal has revealed plans to cut approximately 9% of its employees, echoing a pattern seen across various tech giants such as
Vibrate Only Icon is Back in Android 13
With the launch of Android 13, Google has relaunched its Vibration Mode icon despite removing the vibrate mode icon from the status bar a while back for unknown reasons Based
Illegal Cigarette Trade Exposes Deeper Crisis on UK High Streets
Beneath the shopfronts of everyday Britain, a hidden network of illegal activity is thriving - and it’s far more than just cheap cigarettes. An underground economy fuelled by counterfeit tobacco
Glazer Family Say They are Open to Selling Manchester United
The Glazer family are open to selling Manchester United. The American owners are willing to listen to offers for the club they bought in a controversial leveraged buyout 17 years
Is Alphabet Stock Going to $200 or $50?
Shareholder Christopher Ruane weighs a bull and a bear case for Alphabet stock, explaining why he plans to hold his position in the tech giant. The biggest position in my
Iconic LA Toy Store Faces Uncertain Future as Tariffs Threaten Toy Industry
Kip’s Toyland, Los Angeles’ oldest toy store, is fighting for survival as looming U.S. tariffs on Chinese imports threaten to push prices beyond what small retailers - and their customers
Intel Shares Surge Amid Reports of Potential US Government Stake
Intel's stock price climbed more than 7% on Thursday after reports emerged that the US government may be considering taking a stake in the semiconductor giant. Bloomberg reported that the
Baidu, OpenAI Offer Free AI Chatbot Services Amid Deepening Competition
Chinese tech giant Baidu has announced that it will make its Ernie Bot AI chatbot completely free for users, intensifying the race among global AI developers. The move comes in
China Unveils Cutting-Edge Internet Network, Boasting World’s Fastest Speeds
China has proudly introduced what it claims to be the world's most advanced internet network, set to operate at speeds several times faster than existing networks. The revolutionary network, capable
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
Boba Tea Company Apologises Over Canada Dragons’ Den Row
A Canadian bubble tea company, Bobba, has issued a public apology after actor Simu Liu raised concerns about cultural appropriation during their pitch on the popular CBC show Dragons' Den.
Tinder CEO Renate Nyborg to Leave Dating App After One Year
Tinder chief executive Renate Nyborg is leaving the firm less than a year after becoming the boss of the dating app. Her exit was one of a number of management
Samsung Electronics Workers Stage Historic Walkout
Seoul, June 7, 2024 - For the first time in its 55-year history, workers at Samsung Electronics in South Korea have gone on strike. The Nationwide Samsung Electronics Union (NSEU)
US FTC Sues to Halt Tapestry’s Capri Acquisition, Citing Concerns Over Handbag Market Dominance
The US Federal Trade Commission (FTC) announced its legal action to block Tapestry's proposed $8.5 billion acquisition of Capri Holdings, the parent company of Michael Kors, citing potential harm to
Vinted Makes First Profit on Used Fashion
Vinted, a leading platform for second-hand clothing, has announced its inaugural profit, marking a significant milestone in the burgeoning market for pre-owned fashion. The company's shift into profitability comes as
Al Gore is Officially Too Old to Serve on Apple’s Board
Former Vice President of the United States and climate activist Al Gore is officially stepping down from Apple's Board of Directors as he reaches the age limit set by the
