Business

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 of Georgia, Brian Kemp alongside Hyundai Motor Company president Jay Chang at the future factory site near Savannah, hailing the more than 8,000 jobs…

If you live in the UK and you have a soft spot for some of the delicious items that Burger King has to offer then we have good news for you. The fast food restaurant has slashed the price of its Royale sandwiches from £5 to just £1.99 to mark the Platinum Jubilee of Queen…

As a direct reaction to low customer numbers as well as a shift to online banking, Barclays Bank is closing another 27 bank branches, and will have closed a total 103 branches of the bank by the end of 2022. According to Which? reports, Brits are already grappling with a wave of bank branch closures,…

These are not the best of times for Elon Musk, Jeff Bezos and Bill Gates as the trio have have suffered a collective loss of $115 billion in their net worth over the past five months as stock markets tumbled. According to the Bloomberg Billionaires Index, Musk’s worth has dropped by $46.4 billion, Bezos is…

Billionaire businessman, Elon Musk has reportedly received approval from the Federal Government of Nigeria to launch his Starlink network, a high-speed, low-latency broadband internet in remote and rural locations across the globe in Nigeria. With this approval, Musk is expected to compete with Nigeria’s household names like MTN, Airtel, 9mobile, Globacom, Swift, Spectranet, Mainone, FibreOne,…

Social media giant, Twitter has been fined to the tune of $150 million in the United States for illegally selling users’ data to sell targeted ads in a breach of confidentiality. According to the The Federal Trade Commission (FTC) and the Department of Justice, Twitter violated an agreement it had with regulators and there were…

Trump Media & Technology Group (TMTG), the organisation behind former United States President, Donald Trumps’s social media app, ‘Truth Social has revealed plans to launch a brand new “non-woke” streaming service, which will be knows as TMTG+. According to TMTG, the streaming service will be subscription based and will only feature “non-woke” content, which will…

Despite the wave of anticipation that has greeted the release of the iPhone 14 Max, the device is currently about 3 week’s behind schedule due to the impact of lockdowns on Apple’s supply chains in China. This was revealed by Jeff Pu, a Haitong International Securities analyst. He added that  iPhone that is expected to…

Italian high-end luxury fashion designer, Gucci and  Finnish health technology company, Oura have entered into a partnership to create a Gucci x Oura Ring that costs $950. The ring weighs 4 grams, has a band measurement that is 0.3 inches think and is made out of “black synthetic corundum” detailed with a braided border and…

It’s official! In what could go down as one of the biggest deals in the history of tech business acquisitions, American chipmaker, Broadcom has concluded plans to acquire VMware in a $61 billion cash-and-stock deal. The deal falls behind Dell’s $67 billion EMC deal and Microsoft’s pending acquisition of Activision Blizzard for $68.7 billion but…