(Brands & Consumers)
Boeing has secured a landmark agreement with Qatar Airways for up to 210 widebody aircraft, marking what U.S. officials describe as the aerospace giant’s largest-ever deal of its kind, with a total estimated value of $96 billion. The announcement was made on Wednesday during U.S. President Donald Trump’s visit to Doha. The deal, which includes…
PalmPay, one of Africa’s leading mobile financial platforms, has announced Amarachi Ujunwa Nwakire as the grand prize winner of its recently concluded Wealth Wish Campaign, awarding her a cash prize of ₦3 million. The campaign, which ran from April 2 to April 30, 2025, was designed to encourage users to build better saving habits using…
After months of speculation, ESPN has officially announced the name and launch details of its long-awaited standalone streaming platform. Simply branded “ESPN,” the new service is set to debut in the fall, marking a significant shift in the Disney-owned network’s approach to digital sports broadcasting. “We kept coming back to our four letters – ESPN,”…
Microsoft is reportedly preparing to lay off approximately 7,000 employees – about 3% of its global workforce – as part of a broader cost-cutting strategy tied to its growing focus on artificial intelligence. According to a report by CNBC, the job cuts will span multiple departments and regions, making this the company’s largest round of…
Airbnb is rolling out a major redesign of its app as it takes a bold step toward becoming a full-service travel platform, offering users the option to book personal services such as chefs, fitness trainers, and massage therapists directly through its platform. The move marks a return to the company’s broader vision of delivering an…
Just over a year after its highly anticipated global release, Call of Duty: Warzone Mobile is set to go offline, publisher Activision has announced. The mobile title, launched worldwide on March 21, 2024, will be removed from the Apple App Store and Google Play Store on Sunday, May 18, 2025. In a post on X…
Despite billions in added costs from tariffs, major automakers have largely resisted raising car prices – at least for now. While this may sound like good news for consumers, experts warn it could be an ominous sign for the broader U.S. economy. In recent years, the U.S. has imposed steep tariffs – 25% on imported…
Pepsi, once the dominant rival to Coca-Cola, has slipped to fourth place in the U.S. soft drink market, according to new data from Beverage Digest – marking a significant turning point in the long-running “Soda Wars.” While Coca-Cola continues to lead the $97 billion U.S. carbonated beverage industry with a commanding 19.1% market share, Pepsi’s…
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 at an Ohio restaurant on Monday alongside U.S. Labor Secretary Lori Chavez-DeRemer, is aimed at boosting staffing levels at more than 13,000 restaurants nationwide in…
Rockstar Games has released the second official trailer for Grand Theft Auto VI, and fans around the world are soaking in every explosive second of it. Nearly 18 months after the game’s first reveal, the new trailer delivers a deeper dive into Vice City’s vibrant chaos – complete with story teases, fast-paced action, and a…
A fresh collaboration is on the horizon for sneakerheads and hip-hop fans alike, as OG Chase B teams up with Jordan Brand for the first time. The long-time Cactus Jack DJ and producer is reportedly lending his creative touch to the Jordan Jumpman Jack – officially known as the CJ1 T-REXX – a silhouette originally…
The White House is currently engaged in negotiations with Qatar’s royal family over the possible transfer of a luxury aircraft for temporary use as an Air Force One jet, sparking both diplomatic intrigue and political scrutiny. While the Qatari government has clarified that the aircraft would not be a gift, officials confirmed that talks are…
Kip’s Toyland, Los Angeles’ oldest toy store, is fighting for survival as looming U.S. tariffs on Chinese imports threaten to push prices beyond what small retailers – and their customers – can bear. The beloved store, nestled in the Farmers Market on Fairfax Avenue, has been a fixture of childhood joy for nearly 80 years….
Mexico has filed a lawsuit against Google for renaming the Gulf of Mexico as the “Gulf of America” on its maps platform for U.S. users, President Claudia Sheinbaum revealed. The legal move comes after months of diplomatic protest and a formal request urging the tech giant to reverse the change. Sheinbaum did not specify which…
The UK government has moved to allay concerns about food safety following a new trade agreement with the United States that allows for an increase in tariff-free beef imports. Officials insist that hormone-treated beef – commonly used in US farming – will remain banned from entering the UK. The new deal, which permits up to…
Former President Donald Trump is facing mounting criticism after unveiling a U.S.-UK trade framework that offers tariff relief for high-end British luxury vehicles while threatening to double toy prices for American families. In an Oval Office announcement on Thursday, Trump confirmed that the U.S. would lower import tariffs on up to 100,000 UK-manufactured vehicles annually…
Microsoft co-founder Bill Gates has issued a stark warning over recent foreign aid cuts driven by Elon Musk’s influence in the U.S. government, claiming the move could result in millions of deaths worldwide. Speaking to CNN’s Fareed Zakaria in an interview set to air Sunday, Gates criticised the dismantling of the U.S. Agency for International…
Alexander Mashinsky, founder and former CEO of collapsed crypto lending platform Celsius Network, has been sentenced to 12 years in federal prison for defrauding customers out of billions by misrepresenting the safety of their investments. A U.S. District Court in Manhattan handed down the sentence on Thursday, with Judge John G. Koeltl describing Mashinsky’s conduct…
Jordan Brand has released the first official images of the highly anticipated Air Jordan 5 “Fire Red” with the iconic black tongue, giving sneaker fans a detailed look at the 2025 edition of the classic silhouette. Featured in fresh Nike studio photography, the upcoming release is a nod to the original 1990 design, featuring precise…
Google is stepping up its fight against online scams with a new artificial intelligence-powered system that can detect fraudulent websites in real time on Chrome. The tech giant announced on Thursday that it’s now using a version of its Gemini AI model directly on users’ devices to identify scammy web pages – particularly those that…
Billionaire philanthropist and Microsoft co-founder Bill Gates has announced a bold plan to give away the majority of his fortune – estimated at $200 billion – within the next two decades. As part of the move, the Bill & Melinda Gates Foundation, one of the world’s largest private charities, will officially close its doors by…
The government of the U.S. Virgin Islands has filed a lawsuit against beverage giants Coca-Cola and PepsiCo, accusing the companies of misleading consumers about the environmental impact of their products and contributing significantly to the territory’s growing plastic waste crisis. The 42-page civil suit, filed in April and reported by the Virgin Islands Consortium, alleges…
The Walt Disney Company has revealed plans to open its first-ever theme park in the Middle East, marking a major expansion of its global entertainment footprint. The new resort will be built on Yas Island in Abu Dhabi, United Arab Emirates, through a partnership with local leisure developer Miral. Announced on Wednesday, the upcoming attraction…
Foxconn, the Taiwanese tech giant best known for manufacturing Apple’s iPhones, has unveiled plans to build electric vehicles (EVs) for Japanese automaker Mitsubishi Motors in a new push into the global EV market. The two companies have signed a memorandum of understanding (MoU), outlining a collaboration in which Foxconn’s EV subsidiary, Foxtron, will design and…
Apple is reportedly exploring a major shift in its Safari browser by integrating AI-powered search tools, a move that could pose a serious challenge to Google’s long-standing dominance in the search market, according to Bloomberg. The development comes as Apple executive Eddy Cue revealed during a U.S. Department of Justice antitrust trial involving Google’s parent…
U.S.-based food delivery company DoorDash is set to acquire British rival Deliveroo in a deal worth £2.9 billion ($3.9 billion), the companies announced on Tuesday, marking a major expansion move for DoorDash in Europe’s competitive food delivery market. The acquisition, priced at 180 pence per share, aims to strengthen DoorDash’s foothold in Europe, where it…
Tesla is facing a sharp decline in sales across several European countries, signaling deeper challenges for the U.S. electric vehicle giant as competition stiffens and public sentiment shifts. Despite the broader rise in electric vehicle (EV) adoption across Europe, new data shows Tesla’s performance dropped steeply in April. The company recorded year-over-year sales declines in…
WW International, formerly known as WeightWatchers, has filed for Chapter 11 bankruptcy as the 62-year-old weight management company struggles to adapt to the modern landscape of weight loss and wellness. In a statement released on Tuesday, the company said the bankruptcy filing will help restructure its $1.5 billion debt, strengthen its financial footing, and enable…
OpenAI has announced it will retain its nonprofit governance structure even as it moves forward with plans to reshape its for-profit subsidiary in order to attract new investment. The decision comes amid intense public scrutiny and ongoing legal disputes, including a lawsuit from Elon Musk, who co-founded the organization and now accuses it of veering…
Despite an estimated $1.5 billion hit from new auto tariffs this year, Ford says it doesn’t anticipate a sharp rise in car prices for American consumers. The automaker shared the update during its first-quarter earnings call, where it also reported a notable dip in profits. According to Ford CFO Sherry House, vehicle prices in the…
Rite Aid has filed for bankruptcy for the second time, just seven months after emerging from its previous Chapter 11 proceedings. The struggling pharmacy chain made the announcement on Monday, stating that the new filing is part of an ongoing effort to attract a buyer and restructure its operations. Despite the bankruptcy, Rite Aid confirmed…
Amazon has officially launched the 2025 edition of its Kindle Storyteller Award, a prestigious prize designed to spotlight exceptional self-published authors and their stories. Now in its ninth year, the award offers a £20,000 cash prize and is open to authors across all genres. The competition is open from May 1 to August 31, 2025,…
U.S. President Donald Trump has directed federal trade officials to impose a 100% tariff on all movies produced outside the United States and imported into the country, in what he described as an urgent move to revive the struggling American film industry. In a post shared Wednesday night on his social media platform, Truth Social,…
U.S. President Donald Trump has signaled his willingness to extend the June 19 deadline for China’s ByteDance to divest TikTok’s U.S. operations, should a deal remain unresolved by then. In an interview recorded Friday and aired Sunday on NBC’s Meet the Press, Trump said he would consider granting more time for a resolution, expressing a…
Uber is now allowing passengers across most of the UK to pay in cash. Following trials, the cash payment option was this week extended to all UK cities, except London, where it is being reviewed. But individual drivers can still opt out of accepting notes and coins, partly if they are worried about safety of…
OMAHA, Nebraska – Warren Buffett, the legendary investor often referred to as the “Oracle of Omaha,” announced on Saturday that he will step down as CEO of Berkshire Hathaway at the end of 2025, formally naming Greg Abel as his successor. Speaking at the company’s widely attended annual shareholder meeting, the 94-year-old revealed that Abel…
The Federal Government of Nigeria has responded firmly to Meta’s recent threat to shut down its services in the country, asserting that the company must comply with national laws and cannot evade the consequences of legal proceedings. In a statement issued on Saturday in Abuja, Ondaje Ijagwu, Director of Corporate Affairs at the Federal Competition…
Xbox has confirmed that it will increase the prices of its hardware and games, with first-party game titles set to reach $79.99 starting this holiday season. The price hikes, which begin immediately for Xbox consoles and accessories, are part of a global adjustment that Microsoft attributes to inflationary pressures and the growing costs of game…
The Federal High Court in Abuja has dismissed an interim injunction request filed by eNaira Payment Solutions Limited seeking to restrain the Central Bank of Nigeria (CBN) from asserting rights over the “eNaira” trademark in the United States and other jurisdictions. Justice James Omotosho delivered the ruling, rejecting the firm’s motion which sought to stop…
Social media giant Meta is considering halting its operations in Nigeria after being hit with nearly $300 million in fines by multiple regulatory bodies in the country. The penalties stem from allegations of regulatory violations, including issues related to consumer protection, advertising compliance, and data privacy. Meta has described the fines as “unrealistic” and warned…
Retail giant Kohl’s has abruptly terminated CEO Ashley Buchanan less than five months into his tenure, citing unethical conduct linked to undisclosed conflicts of interest in vendor dealings. The board’s decision, described as a termination “for cause,” follows an investigation by external legal counsel that revealed Buchanan directed the company to engage in transactions with…
Apple could incur an additional $900 million in costs this quarter due to tariffs, CEO Tim Cook revealed on Thursday, marking one of the company’s most significant financial impacts yet from escalating trade tensions under former U.S. President Donald Trump’s economic policies. Speaking during the company’s quarterly earnings call, Cook said the estimated cost increase…
DEI is winning with Costco, Apple and Levi’s shareholdersDespite mounting political pressure and public backlash against diversity, equity, and inclusion (DEI) initiatives in corporate America, shareholders at some of the country’s biggest companies continue to overwhelmingly support them. Recent shareholder meetings at firms including Costco, Apple, Levi’s, Goldman Sachs, and John Deere saw resounding rejections…
Meta has cautioned that users across Europe could soon face a “materially worse” experience on Facebook and Instagram following a recent regulatory crackdown by the European Commission. The warning, issued in the company’s quarterly earnings statement on Wednesday, follows the EU’s decision to fine Meta €200 million for its controversial “consent or pay” model, which…
A federal judge in California has ruled that Apple violated a court order designed to increase competition within its App Store, escalating the tech giant’s legal battle with “Fortnite” developer Epic Games. The ruling could lead to a criminal contempt investigation. In an 80-page decision issued on Wednesday, U.S. District Judge Yvonne Gonzalez Rogers stated…
Tesla has strongly refuted claims that its board is actively searching for a new chief executive to replace Elon Musk, dismissing a report by The Wall Street Journal as false. The report, published Wednesday, alleged that Tesla directors had contacted executive recruitment firms in March to begin exploring CEO replacement options, citing unnamed sources. However,…
LG Electronics will officially end all software support for its smartphones on June 30, 2025, marking the final step in its exit from the mobile phone market. The South Korean tech giant, once the world’s third-largest phone maker, bowed out of the smartphone industry in 2021 after years of slumping sales and missed opportunities. Despite…
Meta Platforms, the parent company of Facebook, has launched a dedicated mobile app for its Meta AI assistant, marking a bold step in its ongoing push to compete with artificial intelligence leaders like OpenAI and Google. Announced on Tuesday, the new standalone app extends the capabilities of Meta AI beyond its existing integration across WhatsApp,…
UPS has announced plans to slash 20,000 jobs this year – roughly 4% of its global workforce – as part of a broader strategy to streamline operations through automation and reduce its reliance on business with Amazon. In a statement on Tuesday, the logistics giant clarified that the job cuts are not linked to recent…
DHL has announced the immediate resumption of international business-to-consumer (B2C) shipments valued over $800 to the United States, following a brief suspension triggered by changing U.S. customs regulations. Earlier in April, the logistics giant had paused shipments exceeding $800 in value due to new requirements mandating formal customs processing for packages above that threshold. Previously,…
