GNC Pins Hopes on Ozempic to Revive Struggling Business
GNC, a prominent vitamin and dietary supplement chain, is implementing a new strategy to revitalize its business by targeting individuals taking GLP-1 drugs for weight loss, including popular medications like
Alaska Airlines Cleared to Finalize $1.9 Billion Acquisition of Hawaiian Airlines, Says U.S. Transportation Department
The U.S. Department of Transportation (DOT) has given Alaska Airlines the green light to proceed with its $1.9 billion acquisition of Hawaiian Airlines, following an agreement between the carriers to
Spotify Hits Record $10 Billion Payout to Music Industry in 2024
Spotify has achieved a milestone by paying a record $10 billion to the music industry in 2024, marking the highest annual payout from a single retailer. This represents a significant
Denmark Approves Plan to Raise Retirement Age to 70 by 2040 – Highest in Europe
Denmark is set to implement the highest retirement age in Europe following the passage of new legislation that will increase the official retirement age to 70 by the year 2040.
Virgin Islands Government Sues Coca-Cola and PepsiCo Over Plastic Pollution
The government of the U.S. Virgin Islands has filed a lawsuit against beverage giants Coca-Cola and PepsiCo, accusing the companies of misleading consumers about the environmental impact of their products
Apple TV+ Reportedly Losing Over $1 Billion Annually Despite Hit Shows
Apple is reportedly incurring over $1 billion in annual losses on its Apple TV+ streaming service, despite investing heavily in original programming. According to sources cited by The Information, the
Hugging Face Co-Founder Warns AI Cyber Attack Is ‘Wake-Up Call’ for Industry
The co-founder of AI platform Hugging Face has described a recent cyber attack involving OpenAI's advanced artificial intelligence models as a warning that businesses must rethink their approach to cybersecurity.
Hermès Won Its Case Against an Artist Who Sold NFTs of Its Iconic Birkin Bags
Hermès has secured the bag. The French fashion house has prevailed in its fight against an artist who was selling NFTs of the iconic Birkin bag, The Wall Street Journal
Toyota Reveals Demand For its Vehicles Remains High Despite Falling US Sales
Automobile manufacturing giant, Toyota has said that demand for its cars, trucks, and EVs remains high, despite a fall in US sales. As reported by Business Insider Africa, the world's
BYD Unveils 1,300 Horsepower Electric Supercar to Challenge Lamborghini and Ferrari
BYD, the Chinese automaker recently crowned as the world's leading electric vehicle seller, has launched its latest innovation in the automotive market: the all-electric Yangwang U9 supercar. With nearly 1,300
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,
McDonald’s to Shut Down CosMc’s Spinoff Amid Shifting Consumer Trends
McDonald’s has announced it will shutter its CosMc’s spinoff, just two years after launching the beverage-centric brand aimed at younger, trend-savvy consumers. The fast-food giant confirmed Friday that all five
Jim Carrey Lists $29M LA Mansion While Offering a Glimpse of His Own Art
Actor Jim Carrey has listed his California mansion for sale, with the five-bedroom, nine-bathroom home being offered for almost $29 million. The sprawling 12,700-square foot property, in LA's upmarket Brentwood
FCC Launches Investigation into Amazon for Alleged Sale of Wireless Signal Jammers
The Federal Communications Commission (FCC) has initiated an investigation into retail giant Amazon and other undisclosed retailers for their alleged involvement in marketing and selling wireless signal jammers. The probe,
UNILAG Power Cut Over N1 Billion Unpaid Electricity Debt, Says Eko Disco
The Eko Electricity Distribution Company (Eko Disco) has disconnected the University of Lagos (UNILAG) from the power grid due to an outstanding debt of over N1 billion in unpaid electricity
Elon Musk to Participate in Twitter All-Hands Meeting
American billionaire businessman, Elon Musk is scheduled to attend a virtual all-hands meeting on June 16, 2022.At the meeting, Musk is expected to field questions from the company he’s in
inDrive Unveils Law Enforcement Data Request Portal in Nigeria
Global ride-hailing platform inDrive has launched a dedicated online portal designed to support public safety investigations by authorised Nigerian law enforcement agencies. The new Law Enforcement Request Portal, now live,
Trump Organization Launches New Mobile Phone Service and Smartphone
The Trump Organization, managed by Donald Trump’s sons, has announced plans to enter the mobile phone market with a Trump-branded smartphone and wireless service. The new venture includes a gold-colored
TSMC Grapples with Talent Shortage Amid Global Expansion
The world's leading chipmaker, TSMC (Taiwan Semiconductor Manufacturing Company), faces significant challenges as it navigates a global talent shortage amidst rapid expansion plans. Traditionally relying on a buddy system for
ProvidusUnity Customers Report Unauthorised Card Transactions Months After Data Breach
LAGOS - Several customers of ProvidusUnity Bank, formerly Providus Bank, have reported unauthorised transactions on their payment cards, months after a cyberattack exposed sensitive data belonging to several Nigerian institutions.
