BlizzCon Canceled for 2024, Blizzard Promises Future Return Amid Industry Challenges
Blizzard Entertainment has announced the cancellation of BlizzCon for the year 2024, marking a hiatus for the annual gaming convention typically held in Anaheim, California. While the company did not
Ozempic Maker Novo Nordisk to Cut 9,000 Jobs Amid Rising Competition
Novo Nordisk, the Danish pharmaceutical company behind blockbuster weight-loss drugs Ozempic and Wegovy, has announced plans to cut 9,000 jobs, representing 11% of its global workforce. The move comes just
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,
Meta to Cut 5% of Workforce in Performance-Based Layoffs
Meta has announced plans to reduce its workforce by approximately 5%, targeting what it describes as "low performers." The move, which could affect around 3,600 employees based on Meta's 72,000-strong
Airlines Alert Pilots to Smoke Risk in Boeing 737 Max After Bird Strikes
Pilots at major airlines have been cautioned that bird strikes on Boeing 737 Max engines could result in smoke infiltrating the passenger cabin. This warning was issued by both Southwest
Nokia to Cut Up to 14,000 Jobs
In response to a challenging market environment, Nokia has announced a significant cost-cutting drive, including slashing up to 14,000 jobs. This restructuring initiative aims to address a "weaker" market and
Security Researchers Alerted Apple to AirDrop Vulnerabilities in 2019, as Chinese Authorities Exploit Flaws
Researchers revealed that they warned Apple about potential vulnerabilities in its AirDrop wireless sharing feature as early as 2019, a revelation that comes in the wake of Chinese authorities allegedly
Foxconn Pulls Out of $19 Billion Chipmaking Project in India
Foxconn has decided to withdraw from a $19.4 billion joint venture with Vedanta to build a chip factory in India, dealing a blow to the country's ambitions of becoming a
US Officials Slam EU After X Is Fined Over Verification Practices
A major transatlantic row erupted on Friday after the European Union imposed a €120m (£105m) penalty on X, the social media platform owned by Elon Musk, for what regulators described
UK Bans Gambling Ads Featuring Lewis Hamilton and Chelsea Logo Over Child Appeal Concerns
Two gambling companies - Kwiff and Betway - have had their advertisements banned in the United Kingdom after regulators ruled that the promotions could unduly appeal to children. The Advertising
Howard Schultz Urges Starbucks Revival Amid Dismal Earnings
Former Starbucks CEO Howard Schultz, though having departed the coffee giant several months ago, continues to offer insights and critiques regarding the company he led for approximately 25 years over
Murdoch Family Succession Battle Ends With Lachlan Securing Control of Media Empire
The long-running power struggle over Rupert Murdoch’s vast media empire has come to an end, with his eldest son, Lachlan Murdoch, set to take full control of the family’s conservative-leaning
Google Makes Preparation for the ‘Quantum Apocalypse’ With Chrome Update
In a proactive move to safeguard data against potential future threats, Google is taking steps to fortify its web security in the face of a predicted "quantum apocalypse." The anticipated
Chinese Owner Denies Plans to Sell TikTok Amid US Ban Threat
Amid mounting speculation and the looming threat of a nationwide ban in the United States, ByteDance, the Chinese owner of TikTok, has categorically denied any intentions to sell the popular
Under Armour Settles Lawsuit for $434 Million Over Sales Disclosures
Sportswear giant Under Armour has announced a settlement of $434 million to resolve a class-action lawsuit dating back to 2017, which accused the company of misleading shareholders about its revenue
Tesla Net Income and Earnings Drop More Than 20% From Last Year
Shares in electric vehicle maker Tesla dropped more than 4% after the company reported first-quarter earnings after the bell. Here are the results. Earnings per share: 85 cents adj. vs
Justice Department Pushes for Google to Sell Chrome in Ongoing Antitrust Battle
The U.S. Department of Justice (DoJ) is intensifying its legal challenge against Google’s dominance in the digital space, requesting a federal judge to order the immediate divestiture of the company’s
Is Elon Musk Worth His $56bn Tesla Pay Package?
In a decisive move, Tesla shareholders have re-approved a multi-billion-dollar pay package for CEO Elon Musk that had previously been struck down by a Delaware judge. The decision was made
Germany Blocks Another Big Business Deal with China
Germany has blocked the sale of a Volkswagen subsidiary to China on national security grounds, further straining the already tense relationship with its largest trading partner. In June 2023, MAN
Apple Announces Buy Now Pay Later, among iOS 16 Plans
One of the leading branding companies in the world, Apple is currently working on a 'Buy Now Pay Later' (BNPL) service as part of its latest operating system, iOS 16.Apple
