PepsiCo’s Price Hikes, Steady Demand Add sparkle to Annual Forecast
PepsiCo Inc (PEP.O) raised its annual forecasts on Tuesday after price hikes undertaken to offset higher costs and steady demand helped the soda and snack giant beat first-quarter results. The
Over One-Fifth of UK Adults Not Actively Seeking Employment, Official Data Shows
Official figures released indicate that more than a fifth of adults in the UK are not actively seeking work, raising concerns over workforce shortages affecting the nation's economy. According to
Volkswagen Reportedly Considers Cutting Up to 100,000 Jobs in Major Restructuring
Volkswagen is reportedly preparing a sweeping restructuring plan that could see up to 100,000 jobs eliminated over the coming years as the German automotive giant responds to mounting financial and
Luxury Birkin Bags Seized From Jailed Vietnamese Tycoon Sell For Over $535,000
Two luxury Hermès Birkin handbags confiscated from jailed Vietnamese businesswoman Truong My Lan have been sold for more than $535,000 during a government auction in Vietnam. According to reports, both
Airline Meals Used to be Plentiful and Luxurious. Here’s What Happened
In an era when airline passengers once savoured gourmet meals at 30,000 feet, today's travellers are lucky to receive a pack of pretzels on short flights. The evolution of airline
Disney to Launch First Middle East Theme Park in Abu Dhabi
The Walt Disney Company has revealed plans to open its first-ever theme park in the Middle East, marking a major expansion of its global entertainment footprint. The new resort will
Logan Paul and MrBeast Unveil Healthier Alternative to Lunchables with ‘Lunchly’
YouTube sensations Logan Paul, MrBeast, and KSI have launched a new meal option aimed at providing a healthier alternative to Lunchables, a popular choice in the school lunch market. The
TikTok Accused of Recommending Pornographic Content to Children
A new investigation has alleged that TikTok’s algorithm promotes pornographic material to underage users, even when parental safety features are switched on. Global Witness, a human rights campaign group, said
The Couple who Took on Google and Cost the Tech Giant £2bn
In a landmark case for tech regulation, British entrepreneurs Shivaun and Adam Raff took on Google over practices they say destroyed their price comparison site, Foundem. The couple’s legal crusade
CBN Raises Interest Rate to 27.25% in Fifth Consecutive Hike
The Central Bank of Nigeria (CBN) has once again raised the country’s interest rate, bringing it up by 50 basis points to 27.25%. This marks the fifth consecutive hike since
LL Flooring Files for Bankruptcy, Announces Closure of 94 Stores
LL Flooring, previously known as Lumber Liquidators, has filed for bankruptcy and announced plans to close 94 of its stores across the United States. The flooring retailer, which has been
Toy Maker Recalls 7.5 Million Baby Shark Children’s Toys Due to a Risk of Impalement
The US Consumer Product Safety Commission has announced the recall of 7.5 million Baby Shark bath toys following reports of injured children. Zuru LLC, the California-based company that imports these
Forza Horizon 6 Generates Over $140 Million Ahead Of Global Launch
Forza Horizon 6 is already recording massive commercial success ahead of its worldwide release, with reports indicating the racing game has generated more than $140 million from Premium Edition sales
Elon Musk’s Starlink to Launch on United Airlines Flights by Spring
United Airlines is set to introduce Elon Musk’s Starlink internet service on its flights, with the first commercial launch scheduled for spring. Testing of the high-speed satellite-based Wi-Fi will begin
Uber to Discontinue Drizly Alcohol Delivery App in Strategic Shift Towards Uber Eats
Ride-hailing giant Uber has announced the closure of its alcohol delivery app, Drizly, just three years after its acquisition for $1.1 billion. The move is part of Uber's strategic consolidation,
Gazprom Records First Annual Loss in Over 20 Years Amid Europe Sales Decline
In a significant financial downturn, Gazprom, Russia's state-owned gas giant, has reported its first annual loss in over two decades, amounting to 629 billion rubles ($6.9 billion) for the year
Pepsi Using AI to Track Consumer Demand, Speed Up Product Development
Food and beverage giant PepsiCo is incorporating artificial intelligence (AI) into its processes for tracking consumer demand and new product development, helping the company boost its sales and bring new
TikTok Founder Becomes China’s Richest Man
Zhang Yiming, co-founder of ByteDance, the parent company of the popular social media app TikTok, has ascended to the top of China's wealth rankings, with his fortune now valued at
Anthropic Suspends New AI Models Following US Security Concerns
Artificial intelligence company Anthropic has suspended access to its recently launched AI models, Claude Fable 5 and Mythos 5, after receiving directives from US authorities over potential national security concerns.
Reddit Faces Massive Wave of User Protests
The Reddit community is currently in the midst of a significant rebellion. Many of the platform's most popular subreddits, where users gather to discuss various topics, have chosen to "go
