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
Elon Musk Becomes World’s First Half-Trillionaire
Elon Musk has set a new benchmark in global wealth, becoming the first individual to surpass a net worth of $500 billion (£370.9bn), according to Forbes’ billionaire index. The Tesla
Wall Street Slides as Tech Selloff Triggers Broad Market Decline
US stock markets ended the week sharply lower on Friday as investors pulled back from technology stocks amid growing concerns about elevated interest rates and the sustainability of recent market
Chipotle Introduces New Adobo Ranch Dip, Its First in Five Years
Chipotle is spicing up its menu with the launch of a new dip - Adobo Ranch - marking the chain’s first dip addition in half a decade. Starting June 17,
Boeing CEO Dave Calhoun to Depart Amid Safety Crisis
Boeing announces the departure of CEO Dave Calhoun at the end of the year amidst escalating concerns regarding the company's safety practices, marking a pivotal moment in the aerospace giant's
Washington Investigates Tesla’s ‘Elon Mode’ Autopilot
U.S. highway safety regulators are launching an investigation into a potentially hidden feature within Tesla's Autopilot software. This feature, informally referred to as "Elon mode," can reportedly disable the safety
DOJ Sues to Block Hewlett Packard Enterprise’s $14 Billion Juniper Deal
The U.S. Department of Justice has filed a lawsuit to block Hewlett Packard Enterprise’s (HPE) proposed $14 billion acquisition of networking equipment company Juniper Networks, citing concerns over reduced competition
Diesel Price Soars to N950/litre, Triggering Concerns of Shutdowns and Job Losses
Oil marketers have raised an alarm over the skyrocketing cost of diesel in Nigeria, revealing that a combination of foreign exchange challenges and the recent implementation of a 7.5% Value
Nike Ad Banned for Misleading Promotion of Kids’ Sneakers to Adults
An advertisement for Nike sneakers, marketed as a discounted $35 deal, has been banned in the UK for misleading consumers. The ad, which appeared on the X account of The
Nvidia to Resume AI Chip Sales to China After U.S. Government Approval
Nvidia has announced plans to restart sales of its high-performance AI chips to China, following confirmation that the U.S. government will issue the necessary export licenses. In a blog post,
Metal Gear Solid 3 Remake Is Reportedly Coming To Xbox After All
In anticipation of Sony's upcoming PlayStation Showcase, there have been numerous rumors circulating about potential appearances and announcements. One company that has garnered significant attention is Konami, especially after recent
Toyota Mishandled User Data by Publishing Over 2 Million User Info Online
Reports of data breaches resulting in the leakage of millions of user data are not uncommon. However, it is less common for a company to unintentionally publish millions of user
Google Faces Monopoly Allegations in Canada and Regulatory Scrutiny in India
Google is under pressure on multiple fronts, facing monopoly accusations from Canada’s Competition Bureau (CCB) and a new investigation by India’s antitrust regulator over its app policies. These developments add
Former Shell Boss Ben Van Beurden’s Pay Package Jumps to £9.7m
Former Shell boss Ben van Beurden received a pay package of £9.7m last year, up more than 50% from 2021. As reported on BBC, his pay was revealed in the
Gwyneth Paltrow Expresses Disappointment Over Comparisons with Kourtney Kardashian’s Brand
Renowned actress Gwyneth Paltrow has revealed feeling "upset" over comparisons between her lifestyle brand, Goop, and Kourtney Kardashian's Poosh. Paltrow, who founded Goop in 2008, expressed dismay at the notion
Rolling Stone Owner Sues Google Over AI Summaries, Citing Decline in Web Traffic
Penske Media, the parent company of Rolling Stone, Billboard, and Variety, has filed a landmark lawsuit against Google, accusing the tech giant of using its journalism without permission through AI-generated
Google Launches New AI Team to Simulate the Physical World
Google has announced the formation of a new team focused on creating artificial intelligence models that can simulate the physical world. The team will be led by Tim Brooks, who
Mark Zuckerberg Predicts the End of Smartphones: What Comes Next?
For nearly 30 years, smartphones have been at the center of modern life, evolving from simple communication devices to essential tools for work, entertainment, and social interaction. However, Meta CEO
Elon Musk Leads $97.4 Billion Bid to Acquire OpenAI
Elon Musk is spearheading an investor group that has made a staggering $97.4 billion offer to acquire OpenAI, the company behind ChatGPT. If successful, the deal could dramatically alter the
Microsoft Considered Shutting Down Xbox Before Major Studio Acquisitions
Microsoft's gaming division faced a pivotal moment in 2021 when CEO Satya Nadella weighed the possibility of shutting down Xbox. Instead, Nadella made a high-stakes decision to double down on
