Mercedes Just Sold the World’s Most Expensive Car For $142 Million
Mercedes-Benz confirmed on Thursday that it recently sold the world's most expensive car. A very rare 1955 Mercedes-Benz SLR coupe that had been kept in the German automaker's collection was
Guinness Nigeria Achieves 111% Revenue Growth Amid Economic Challenges, Eyes Strategic Recovery
Guinness Nigeria Plc, a prominent player in the Total Beverage Alcohol market, reported a 111% revenue surge in its unaudited financial results for the quarter ending September 30, 2024. This
First Republic Bank Teeters on the Brink of Collapse
First Republic Bank (FRC) is teetering on the brink of collapse as shares fell to new all-time lows on reports the federal government and the nation’s biggest banks are reluctant
Average US Gasoline Price Jumps 33 Cents to $4.71 Per Gallon
The average U.S. price of regular-grade gasoline spiked 33 cents over the past two weeks to $4.71 per gallon.Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday that the
Big Lots Secures Deal to Keep Stores Open and Save Jobs
Big Lots, the discount retail chain that filed for bankruptcy in September, has announced a critical agreement to preserve hundreds of stores and safeguard jobs. The deal involves a partnership
Berkshire Hathaway Reduces Apple Stake by Almost 50% in Major Portfolio Shift
Warren Buffett's Berkshire Hathaway has dramatically reduced its stake in Apple, cutting it nearly in half according to the company's second-quarter earnings report released on Saturday. The conglomerate's holdings in
Nintendo Enforces DMCA, Forces Removal of Mario Content from Garry’s Mod
In a significant move impacting the Garry's Mod community, Nintendo has wielded Digital Millennium Copyright Act (DMCA) notices to remove all Mario-related content from the platform, stirring controversy and speculation
EU Slaps Meta with $840 Million Fine Over Facebook Marketplace Practices
The European Union has imposed a €798 million ($840 million) fine on Meta Platforms for what it described as antitrust violations linked to Facebook Marketplace. According to the European Commission,
JPMorgan is Cutting About 1,000 First Republic Bank Employees
JPMorgan Chase has informed approximately 1,000 employees of First Republic Bank that they will no longer have their jobs. Earlier this month, JPMorgan acquired most of First Republic's assets after
Illegal Cigarette Trade Exposes Deeper Crisis on UK High Streets
Beneath the shopfronts of everyday Britain, a hidden network of illegal activity is thriving - and it’s far more than just cheap cigarettes. An underground economy fuelled by counterfeit tobacco
Amazon is Closing its Kindle Store in China
American multinational e-commerce company, Amazon is shutting down its Kindle bookstore in China, which marks yet another retreat by a Western tech giant in the world's second biggest economy.Amazon announced
Nikola CEO is Leaving the Company After Just 18 Months
Nikola, the electric and hydrogen semi truck manufacturer based in Arizona, announced on Friday that its President and Chief Executive Officer, Michael Lohscheller, is leaving the company with immediate effect.
Jack Ma Loses More Than Half of His Wealth After Criticizing Chinese Regulators
Jack Ma, once Asia's richest person, has seen his fortune decrease significantly over the past three years, with his net worth estimated to be less than half of its peak
Hyundai to Manufacture Electric Vehicles, Batteries in US; Plant Construction Begins in 2023
South Korean car manufacturer, Hyundai has revealed plans to build a $5.5 billion electric vehicle and battery plant in the southern US state of Georgia.This was disclosed by the Governor
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
Southwest Airlines Ends Open Seating Policy, Introduces Assigned Seats and Red-Eye Flights
Southwest Airlines is making a historic shift in its seating policy, moving away from its long-standing open seating arrangement to a new assigned seating system. This change, which marks the
How Microsoft is Making a Mess of the News After Replacing Staff With AI
The notable homepage of Microsoft, widely accessed as MSN.com and Microsoft Start, has come under scrutiny due to the emergence of misleading and bizarre stories. As a primary source of
Pizza Hut Tests Underground Deliveries Ahead of ‘Teenage Mutant Ninja Turtles’ Movie Release
Pizza Hut announced that it served its signature dish to select customers in the New York City subways as a promotion for the upcoming film "Teenage Mutant Ninja Turtles: Mutant
McDonald’s to Hire 375,000 Workers in Major Summer Employment Push
Fast food giant McDonald’s has announced plans to hire up to 375,000 workers across its U.S. locations this summer, marking its largest recruitment drive in five years. The move, unveiled
Australia to Introduce Social Media Ban for Under-16s to Protect Children
Australia’s government has announced plans to introduce "world-leading" legislation aimed at banning children under the age of 16 from using social media. The proposed law, set to be presented in
