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…
Haitham Al Ghais, the Secretary-General of the Organization of the Petroleum Exporting Countries (OPEC), emphasized the urgent need for substantial investments in the global oil industry to maintain energy security and prevent a surge in crude oil prices. In an interview with CNN’s Becky Anderson during the ADIPEC energy conference in Abu Dhabi, Al Ghais…
Epic Games, the renowned creator of Fortnite and other gaming titles, has revealed plans to cut approximately 830 jobs, accounting for 16% of its workforce, in a strategic move aimed at curbing what CEO Tim Sweeney termed “unrealistic” expenditures. In a letter addressed to its employees, Sweeney acknowledged the company’s excessive spending, stating that Epic…
The decision by retail giant Target to close nine of its stores in major cities due to persistent large-scale theft has raised concerns about the escalating problem of store crime. Industry experts are highlighting that even a slight increase in crime can have far-reaching effects that lead retailers to shut their outlets. Burt Flickinger, a…
President Bola Tinubu has taken decisive action in the fight against corruption by appointing a Special Investigator to look into the activities of the Central Bank of Nigeria (CBN) and Related Entities. In a letter addressed to Jim Osayande Obazee, the Chief Executive Officer of the Financial Reporting Council of Nigeria (FRCN), Tinubu named him…
Petrol prices in some Nigerian National Petroleum Company Limited (NNPCL) filling stations in Abuja surged from N537/litre to N617/litre on Tuesday, leaving independent oil marketers to confirm the increase and indicating a potential rise in the pump price of Premium Motor Spirit (PMS). The NNPCL remains a major importer of petrol in Nigeria, and any…
AmeriCorps, the federal agency for volunteerism and national service, announced on Friday that it had recovered a record-breaking $84 million in overlooked deductions, credits, and tax breaks for low-income Americans during the 2023 tax season. Through its collaboration with local non-profit organizations, AmeriCorps assisted more than 113,000 taxpayers in over 130 cities, according to a…
Saudi Arabia and Russia announced Monday that they would make additional cuts to oil supply as a global economic slowdown hangs over the outlook for energy demand. “Saudi Arabia will extend a cut of 1 million barrels a day in its oil production at least until the end of August,” said the world’s biggest exporter…
Adobe, known for its innovative software, has embraced the potential of artificial intelligence (AI) and is positioning itself as a frontrunner in the AI revolution. Despite concerns that AI could negatively impact Adobe’s sales, the company believes that AI will actually enhance the usage and interest in its creative software applications such as Photoshop, Illustrator,…
According to the International Air Transport Association (IATA), the global airline industry is set to rebound from the pandemic and make nearly $10 billion in profit this year. IATA has more than doubled its 2023 profit forecast, projecting net profit of $9.8 billion for airlines, up from the previous estimate of $4.7 billion in December….
