The Container Store Could be the Next Big Chain to Go Bankrupt
Once a leader in the storage and organization market, The Container Store is facing a tough road ahead. Despite a surge in popularity following its association with Marie Kondo’s "Tidying
GM to Record $6bn Charge After Scaling Back Electric Vehicle Plans
General Motors has announced it will take a further $6bn hit to its earnings after scaling back its electric vehicle (EV) strategy, adding to a $1.6bn charge disclosed in October.
Short Sellers Lost More Money Betting Against Tesla Than Any Other Company in 2023
Here’s something sure to make Elon Musk smile – short sellers, those investors who placed bets that the value of Tesla shares were going to go down, lost a combined
Former Prime Video Executive Invests in Lagos-Based Animation Studio Taeps
Zaia Ventures, the venture capital firm founded by former Prime Video executive Ukonwa Ojo in 2022, has acquired a stake in Taeps Animation Studios, a rising animation studio based in
How Slovakia Quietly Became One Of The World’s Car Manufacturing Powerhouses
At the foot of snow-covered mountains in northern Slovakia, a lift gently lowers freshly welded car bodies onto a moving assembly line. Robots - hundreds of them - have already
HSBC Names Third CEO in Less Than Eight Years
HSBC has announced that its Chief Financial Officer, Georges Elhedery, will take over as CEO, making him the bank’s third chief executive in less than eight years. Elhedery, a 50-year-old
Microsoft Promises Smoother PC Gaming With New Shader Delivery System
Microsoft has unveiled a major update to its Windows gaming ecosystem aimed at reducing one of PC gaming’s most notorious frustrations - long load times and in-game stuttering caused by
Monster Energy Renews Multi-Year Partnership with NSE
National Student Esports (NSE) has officially confirmed the renewal of its multi-year partnership with Monster Energy, solidifying the energy drink company's status as the official energy drink partner of the
Discord Delays Age Checks After User Backlash
Discord has postponed plans to introduce mandatory age verification for all users following widespread criticism from its community. The platform’s co-founder and chief technology officer, Stanislav Vishnevskiy, said the global
Google Loses Landmark Antitrust Case Over Search Dominance
In a landmark decision, a federal judge has ruled that Google violated U.S. antitrust laws by maintaining an illegal monopoly in the search engine market. The ruling, delivered on Monday
Qantas Hit by Data Breach Affecting Up to Six Million Customers
Australian airline Qantas has confirmed a cyberattack on a third-party customer service platform that may have compromised the personal information of up to six million individuals. The breach was detected
U.S. Department of Labor Sues Hyundai and Suppliers Over Child Labor Violations
The U.S. Department of Labor has filed a lawsuit against Hyundai and two of its suppliers, accusing them of illegally employing a 13-year-old child in an Alabama assembly line for
New Balance Launches “Urgent Red” Minimus M10 Ahead of Fall 2025
New Balance is stepping confidently into the “low-profile” sneaker space with the latest colorway of its Minimus M10 model, now arriving in a striking “Urgent Red.” The brand, already known
U.S. Bank Fined For Opening ‘Sham’ Accounts For Customers
The fifth-largest largest commercial bank in the US has been fined by the Consumer Financial Protection Bureau for illegally accessing consumer credit reports and opening accounts without their permission, as
Rare Copy of US Constitution Fetches $9 Million at Auction
A rare 237-year-old copy of the US Constitution has been sold for $9 million at an auction, following its discovery in an old filing cabinet in North Carolina. The historic
Soho House Acquired for £2bn as Ashton Kutcher Joins Board
Private members’ club group Soho House has been bought in a £2bn ($2.7bn) deal that brings Hollywood actor and investor Ashton Kutcher onto its board. The takeover is being led
Boeing Whistleblower John Barnett Found Dead Days After Testifying Against Company
The tragic death of John Barnett, a former Boeing employee and whistleblower, has sent shockwaves through the aviation industry. Barnett, 62, was discovered deceased from a self-inflicted wound on Saturday,
Ford’s EV Losses Climb But Overall Profits Rise
Ford Motor Company reported its second-quarter earnings, revealing that while its electric vehicle (EV) business is experiencing increasing losses, the company managed to exceed Wall Street expectations due to profits
Gary Lineker’s Netflix Leap Puts Him in Podcasting’s Premier League – But Can He Deliver?
Gary Lineker is laughing - the kind of deep, familiar laugh that has become a signature of The Rest Is Football. Moments earlier, Micah Richards had cheekily crowned him “top
Microsoft to Invest $80 Billion in AI-Driven Data Centers for 2025
Microsoft is set to invest approximately $80 billion in the development of advanced data centres throughout fiscal 2025, aiming to bolster its infrastructure for artificial intelligence (AI) models and cloud-based
