Anheuser-Busch InBev, the world’s largest brewer, saw a spike in overall sales owing to higher prices but continued to face challenges in the United States due to declining Bud Light revenues. During the third quarter, the company reported a significant 13.5% decline in third-quarter US revenue per 100 litres, a crucial metric in beer sales,…
Set for release on November 2, music and fashion sensation Rihanna, in collaboration with sports brand PUMA, is launching two new colour variations of their sought-after FENTY x PUMA Avanti sneakers. The FENTY x PUMA Avanti brings together the iconic design of PUMA’s King football boot with the outsole of the classic running shoe, Easy…
In partnership with adidas, a unique limited-edition fashion range has been officially launched, featuring a collaboration with the renowned London fashion brand and streetwear giant, Maharishi. This exclusive collection seamlessly merges the essence of London-centric streetwear with adidas performance to bring a new dimension to the world of sportswear. Merging the finest elements of adidas…
Major tech companies are seeing a remarkable turnaround from the challenges they faced last year, with Alphabet, Microsoft, and Snap leading the way by announcing robust sales results for the third quarter of 2023. Alphabet, Google’s parent company, released its Q3 earnings report, revealing quarterly sales of $76.69 billion, marking an 11% increase compared to…
Chevron Corporation revealed its plans to acquire rival oil company Hess Corporation in a significant consolidation deal. The $53 billion transaction, combined with the assumption of debt, marks yet another instance of cash-rich oil giants seizing the opportunity to enhance their assets and returns amid high oil prices and substantial profits. Although these corporations face…
LeBron James, the NBA superstar, is reportedly extending his partnership with Nike in 2024, and the collaboration will feature his inaugural training shoe, the Royalty TR. This new silhouette named the Royalty TR, is anticipated to hit the market next autumn in three distinct colorways: “Light Smoke Grey,” “Black,” and “Volt.” While the initial look…
Toyota, one of the world’s leading automakers, has announced its decision to switch to Tesla’s charging standard for its electric vehicles (EVs) sold in the United States. Starting in 2025, all Toyota EVs in the US will be equipped with charging ports compatible with Tesla’s North American Charging Standard (NACS), replacing the current Combined Charging…
In this report, we’ve gathered information from several sources to create a list of 15 countries where Coca-Cola and Pepsi face distinct difficulties. These may include competition from local businesses, lack of access, or a complete lack of presence in the market. Even though these two companies have a broad reach, their experience in each…
In a move that may not sit well with subscribers, Netflix has decided to raise its prices once again. This price hike is expected to impact its premium ad-free plan in the United States. The streaming giant revealed this change in its third-quarter earnings report. Starting Wednesday, the premium plan’s cost will increase by $3…
Adidas’ decision to resume selling Kanye West’s Yeezy shoes has proven to be a wise move, as the sportswear giant disclosed its preliminary earnings for the third quarter of 2023, showing significant gains. The most recent Yeezy releases contributed approximately $158.5 million in sales. These Yeezy sneaker sales have substantially improved the financial outlook for…
Adobe, the photo-editing software company, recently showcased a range of new AI-powered tools and features at its annual Max event, featuring a dress that transforms into a wearable screen and streamlined photo-editing capabilities. The company presented several prototype tools that leverage generative AI and 3D image technology during the Adobe MAX Sneaks showcase. These innovations…
Sony Corporation, the renowned Japanese tech giant, has announced a significant investment of $10 million in the flourishing African entertainment industry. This strategic move aligns perfectly with the industry’s growing global prominence, signalling Sony’s commitment to enhancing Africa’s competitive edge in the entertainment world. In an exclusive interview with TechCrunch, Chief Executive Officer Gen Tsuchikawa…
The renowned cork-soled shoemaker, Birkenstock, is set to make its highly anticipated debut on the New York Stock Exchange (NYSE) under the ticker symbol BIRK. The company announced that it will price its initial public offering (IPO) at $46 per share, right in the middle of the price range it had indicated in the preceding…
DJ Khaled has proclaimed that his We The Best x Air Jordan 5 collaboration is the most significant release in Air Jordan collaboration history. The renowned music figure made this bold assertion during a new episode of “Sneaker Shopping” with Complex’s Joe La Puma, which was recently released. He shared the exciting news about the…
Burger King has been undertaking a brand revitalization effort in recent years, encompassing everything from logo redesign to packaging updates. The next phase in this transformation is remodelling its restaurant locations. Tom Curtis, President of Burger King US & Canada, announced that customers can expect to see changes in Burger King locations starting in 2024….
Google is taking steps to eliminate the need for traditional passwords by introducing passkeys, which will enable users to unlock their accounts and devices using fingerprint recognition, face scans, or PIN numbers. The tech giant has advocated for the use of passkeys since May and recently announced that this technology will be the primary choice…
Samsung, the South Korean technology giant, has issued a warning that its operating profit for the third quarter is likely to experience a significant drop of approximately 78%. This projection comes as the company grapples with weaker demand for consumer devices than usual. According to earnings estimates released by Samsung on Wednesday, the expected operating…
Microsoft CEO Satya Nadella has expressed concerns over Google’s continued dominance in online search, emphasizing its impact on internet security and the emerging field of artificial intelligence. Nadella’s comments came during his testimony in the US government’s ongoing antitrust trial against Google. He pointed out Google’s role as the default search engine on mobile devices…
In a recent development, Senior Judge John Coughenour has recused himself from presiding over the US Federal Trade Commission’s (FTC) antitrust lawsuit against Amazon.com. This decision was revealed in a court document filed on Wednesday. The antitrust lawsuit was filed against Amazon in federal court in Seattle just a day before Judge Coughenour’s recusal. The…
Blue Origin, the space tourism and rocket company founded by Jeff Bezos, is undergoing a leadership change as Dave Limp, a senior executive at Amazon, prepares to take the reins as the new CEO. The current CEO, Bob Smith, who has been at the helm since 2017, will step down from his role, according to…
Amazon, the global e-commerce powerhouse, has announced its intention to invest a substantial sum, up to $4 billion, in the artificial intelligence (AI) company Anthropic. This strategic move also entails Amazon securing a minority ownership stake in Anthropic, reflecting the e-commerce giant’s ongoing commitment to advancing AI technology and remaining competitive in a rapidly evolving…
Microsoft’s multibillion-dollar acquisition of Activision Blizzard has moved a step closer to approval in the UK as regulators signal that an amended version of the deal could resolve their concerns. The UK Competition and Markets Authority (CMA) issued a statement stating that Microsoft’s proposed changes, which involve the sale of Activision’s cloud gaming rights to…
Toshiba Corporation has officially announced the successful conclusion of a $14 billion tender offer presented by private equity firm Japan Industrial Partners (JIP). This significant development marks the way forward for the beleaguered industrial conglomerate to transition into a private entity. The consortium led by JIP managed to secure a substantial 78.65% of Toshiba’s shares…
Kanye West has found an unexpected defender in Bjørn Gulden, the CEO of Adidas, despite the sportswear giant severing ties with the embattled rap mogul last year. In a recent interview, Gulden lauded West’s creativity and offered a more sympathetic perspective on the controversial artist. Gulden acknowledged West’s exceptional creative talents in both music and…
Apple enthusiasts, get ready to elevate your iPhone experience with the highly anticipated iOS 17. This week marks the official release of Apple’s latest operating system, promising a plethora of new features aimed at enhancing user personalization and intuitiveness. Although Apple first teased iOS 17 at its annual Worldwide Developer Conference in June, the spotlight…
Nike, the world’s leading supplier of athletic shoes, has joined forces with Nigerian customs design company Layerx in an exciting partnership aimed at promoting culture and environmental sustainability. This innovative collaboration is set to redefine the future of fashion and athletics by merging the best of both worlds. At the core of this partnership lies…
As the new marathon season approaches in September, Adidas AG, the luxury footwear brand, has revealed its latest contender in the super-shoe competition – the Adizero Adios Pro Evo 1. Priced at $500 (approximately N384,000), this racing shoe is making waves in the running world. Weighing in at a mere 138 grams (4.9 ounces), the…
Coca-Cola, the iconic beverage giant, continues to innovate and captivate the taste buds of consumers, especially the younger generation, with its latest creation, Coca-Cola Y3000, a limited-edition beverage that promises to taste like the future. This enigmatic flavour, like others from Coca-Cola’s Creations platform, is designed to maintain the brand’s allure in the face of…
Microsoft is bringing a new and handy feature to its Paint application in Windows 11, allowing users to easily remove backgrounds from images with just a single click. This enhancement is currently being rolled out to Windows 11 Insiders in the Dev and Canary channels, offering a simplified and efficient image editing tool. The updated…
Tech enthusiasts and mobile phone aficionados around the world have been eagerly anticipating today’s momentous event—the official announcement of the Apple iPhone 15 series. The grand unveiling of the iPhone 15 series is set to take place via live-stream on all major social media platforms, commencing at 10 AM PDT/17:00 UTC/22:30 IST. For your convenience,…
Apple is gearing up to unveil its iPhone 15 in the coming days, and there’s widespread anticipation that the new device will bring a significant change: the adoption of USB-C charging, marking a notable shift away from Apple’s proprietary Lightning charger. The iPhone 15 is heavily rumoured to make this transition to USB-C charging, a…
Rihanna’s Fenty brand is set to make a significant foray into sportswear with the upcoming release of the FentyPuma collaboration’s King Avanti sneaker. The international Barbadian singer, renowned for her multifaceted talents in music, business, and fashion, made the announcement on her X profile, revealing that the new sneaker will be available worldwide on September…
Apple (AAPL) shares recently experienced a 2.9% decline, triggered by reports of China’s intention to extend its ban on the use of iPhones to government-affiliated agencies and companies. This development has raised concerns among investors regarding Apple’s ability to maintain its foothold in the world’s second-largest economy. Apple recorded its most significant daily drop in…
The Bill and Melinda Gates Foundation Trust has shown a vote of confidence in Anheuser-Busch, the parent company of Bud Light, by purchasing 1.7 million shares valued at approximately $95 million, according to recent regulatory filings. This investment comes at a challenging time for the beer conglomerate, which has experienced a significant decline in sales…
The United States government is actively seeking more information regarding Huawei’s latest flagship smartphone, the Mate 60 Pro, which boasts an advanced 5G Kirin 9000s processor. This move comes amid growing curiosity and scrutiny surrounding the smartphone’s chip technology, particularly in light of US efforts to restrict China’s access to foreign semiconductor technology. US National…
Nigeria is set to come alive in September 2023 with a diverse array of events that cater to various interests. From cultural experiences to financial empowerment webinars and captivating book readings, there’s something for everyone. Here are the top 5 event picks happening in Nigeria this September: 1. ARABIAN NIGHT Date: Saturday, September 16 Time:…
In 2016, Nike introduced the groundbreaking Zoom Vaporfly 4% “super shoes,” forever altering the landscape of running. These super shoes, characterized by their thick soles, energy-returning technology, and embedded carbon-fibre plates, have become synonymous with speed and performance. Fast forward seven years and nearly every major performance brand has entered the super shoe arena. Yet,…
Mercedes-AMG Petronas Formula One Team has unveiled a significant extension to its driver lineup, with both Lewis Hamilton and George Russell signing contract extensions that will keep them with the team until the conclusion of the 2025 season. The announcement solidifies the duo’s commitment to the team and their shared pursuit of excellence on the…
In a strategic move that merges technology and culinary convenience, Samsung has announced its acquisition of the popular recipe app Whisk. Under the new identity “Samsung Food,” the rebranded app will empower users to take their meal planning and recipe discovery to the next level. Whisk, an Android and iOS app beloved for its seamless…
Apple enthusiasts have reason to mark their calendars as the tech giant has officially announced its fall special event, scheduled for September 12th. The event will take place at the renowned Steve Jobs Theater within the Apple Park headquarters in Cupertino, California. While a select group of invitees will have the chance to attend in…
Microsoft has taken a significant step to address regulatory concerns in the UK as it strives to finalize its massive acquisition of Activision Blizzard. The companies have jointly presented a fresh proposal to the UK’s antitrust watchdog, the Competition and Markets Authority (CMA), which stands as the sole global regulator hindering the $69 billion deal….
WhatsApp users have been warned about a new update that introduces a ‘Screen Share’ feature, allowing contacts to view the content displayed on a smartphone screen. This recent change is part of WhatsApp’s ongoing efforts to enhance user experience. Over the years, WhatsApp has implemented various updates, such as message reactions, custom stickers, chat encryption,…
Sportswear giant Nike has unveiled the Nike Zoom Freak 5, a cutting-edge basketball shoe crafted specifically for NBA superstar Giannis Antetokounmpo. This innovative shoe boasts responsive Zoom Air cushioning that ensures optimal comfort and energy return, catering to the intense demands of the sport. Its sturdy construction, coupled with a specialized traction pattern, guarantees remarkable…
Toyota, a leading automobile manufacturer, has initiated a voluntary recall affecting specific 2022 and 2023 Tundra and Tundra Hybrid trucks, marking its most substantial recall action of 2023. The announcement comes in response to a potential safety concern that affects approximately 168,000 vehicles in the United States. On Thursday, Toyota revealed that the identified vehicles…
Meta, the parent company of social media giants Facebook and Instagram, has taken steps to comply with recently passed legislation in Canada that requires tech companies to negotiate payments to news organizations for hosting their content. In response to this new law, Meta has started removing news content from its platforms in Canada. Canadian users…
The San Francisco Department of Building Inspection officials made an observation on Monday morning regarding the removal of the new “X” sign on top of the building previously known as Twitter’s headquarters. The department’s spokesman, Patrick Hannan, reported that the sign was being dismantled. This development comes in response to the company being served a…
President Bola Tinubu has expressed the Federal Government’s readiness to collaborate with global tech giant Google Incorporated in its endeavour to generate one million digital jobs in Nigeria. The president made this assurance during a visit from Google Global Vice President, Richard Gingras, at the State House on Friday. Acknowledging Nigeria’s pool of creative and…
Adidas is making a significant move to clear out the remaining inventory of its once-lucrative collaboration with Ye, the former Kanye West. The sportswear giant has faced pressure from investors to handle the merchandise after terminating its partnership with Ye in 2022 due to his offensive and antisemitic remarks. In May, Adidas announced its plan…
This week, WhatsApp, the messaging app owned by Meta, made a significant announcement, revealing a new feature that allows users to record and send video clips directly within the app. The instant video messages can be up to 60 seconds long and will benefit from the app’s robust end-to-end encryption service. In a blog post…
On Wednesday, Meta, the parent company of Facebook, released its financial results for the second quarter ending in June, surpassing Wall Street’s expectations. The company reported a revenue of $32 billion, an 11% increase compared to the same period last year. Additionally, Meta’s profits for the quarter reached $7.79 billion, marking a 16% increase from…
