(Brands & Consumers)
The U.S. National Highway Traffic Safety Administration (NHTSA) has launched a formal investigation into Tesla’s self-driving software systems, potentially leading to a recall of the electric carmaker’s vehicles. The probe, announced on Friday, affects 2.4 million Tesla vehicles produced between 2016 and 2024 across various models. The NHTSA’s evaluation stems from four reported crashes involving…
The Nigerian Customs Service (NCS) has announced a remarkable revenue milestone, generating N4.2 trillion in the first nine months of 2024. This achievement, revealed by the Comptroller General of Customs, Bashir Adeniyi, during a workshop in Lagos, reflects significant growth in the service’s operations compared to previous years. Represented by the Comptroller of the Tincan…
Three of the world’s leading tobacco firms are close to finalizing a multibillion-dollar settlement in Canada, potentially bringing an end to a long-running legal battle over the health risks of smoking. Philip Morris, British American Tobacco, and Japan Tobacco are set to pay C$32.5 billion (£18 billion; $23.6 billion) to Canadian smokers and health departments…
Online fashion retailer Boohoo is considering a significant overhaul that could lead to the break-up of the company, as it struggles to regain its footing in an increasingly competitive market. The British fashion firm, known for its portfolio of brands including Debenhams, Karen Millen, and PrettyLittleThing, has initiated a strategic review of its operations, citing…
Planet Bottling Company, in collaboration with Monarch Beverage, has launched the “Explore Your Freedom” campaign for its popular beverage brand, American Cola, in Nigeria. The campaign seeks to inspire and celebrate the creativity and individuality of Nigerian youth, encouraging them to chart their own paths and embrace their passions. The “Explore Your Freedom” campaign captures…
Legendary rapper Method Man has expressed his frustration with unauthorized remixes circulating on YouTube, calling out creators who alter original tracks without permission. In a now-deleted Instagram post, the Wu-Tang Clan member specifically criticized a remix of his song “Built for This,” originally from the soundtrack of The Man With the Iron Fists, a film…
Meta, the parent company of Facebook, Instagram, and WhatsApp, has reportedly dismissed several employees for violating its meal voucher policy. Workers allegedly used the vouchers, intended for meals, to purchase non-food items such as toothpaste and washing powder, according to sources who claim to be current or former Meta employees. The company provides staff with…
Nigerian business magnate Aliko Dangote has solidified his position as the richest man in Africa and climbed to 65th place on the global wealth rankings, with an estimated net worth of $28 billion. The latest figures, published by Bloomberg in its Top 500 Billionaires Index, reflect a significant increase in Dangote’s wealth, primarily due to…
A rare 237-year-old copy of the US Constitution has been sold for $9 million at an auction, following its discovery in an old filing cabinet in North Carolina. The historic document, printed in 1787 after the Constitutional Convention, was uncovered in 2022 at a former plantation once owned by Samuel Johnston, a former North Carolina…
Despite being free to use for nearly three billion people worldwide, WhatsApp employs a series of strategies to generate substantial revenue. Owned by tech giant Meta, WhatsApp primarily makes money by offering services to businesses rather than charging individual users. WhatsApp provides a platform for businesses to communicate directly with consumers. Since 2022, firms have…
The Delta State Police Command has issued a strict warning to Point of Sale (POS) operators, cautioning them against processing transactions exceeding N500,000, due to the risk of being linked to criminal activities, particularly kidnapping. Speaking on Thursday, the Command’s Public Relations Officer, SP Bright Edafe, emphasized that engaging in large transactions could make operators…
Instagram has rolled out new safety features designed to curb sextortion, a rising form of online exploitation where scammers trick users, often teens, into sharing intimate images before blackmailing them. As part of its efforts, Instagram will now prevent users from taking screenshots or screen recordings of “view once” images and videos, adding a layer…
A company, which remains unnamed, has fallen victim to a significant data breach after unknowingly hiring a North Korean cybercriminal as a remote IT contractor. The cyber attacker, who faked their identity and employment credentials, gained access to the firm’s sensitive systems, ultimately leading to a data theft incident and ransom demand. The hack was…
The Oil Spill Victims Vanguard (OSPIVV) has raised serious allegations against Shell Trading and Shipping Company Limited (STATSCO) and its partners for allegedly diverting a $1 billion insurance indemnity meant for communities affected by the 2011 Bonga Oil Spill in Nigeria’s Niger Delta. Harrison Jalla, Executive Director of OSPIVV, filed a lawsuit, marked FHC/WR/CS/19/2022, accusing…
An international wine fraud ring has been dismantled by French and Italian police, who arrested six individuals, including a suspected Russian ringleader, for selling counterfeit vintage wines. The operation targeted wine traders around the globe, offering fake bottles purportedly worth as much as €15,000 (£12,500) each, according to French prosecutors. The criminal group allegedly created…
Nigerian singer Waje, renowned for her powerful vocals and hit songs, recently shared her journey toward financial security and independence during an interview with Channels News. Alongside her daughter, Emerald, the duo discussed their experiences with building financial stability and the significance of the #HerMoneyHerPower campaign, which advocates for women’s economic empowerment. Waje, who has…
Google has entered into a groundbreaking agreement with nuclear technology company Kairos Power to use small nuclear reactors to meet the growing energy demands of its artificial intelligence (AI) data centres. The move marks a significant shift as tech giants seek reliable and clean energy sources to support their expanding operations. The deal, which will…
A Canadian bubble tea company, Bobba, has issued a public apology after actor Simu Liu raised concerns about cultural appropriation during their pitch on the popular CBC show Dragons’ Den. The Quebec-based bubble tea brand, owned by Sébastien Fiset and Jess Frenette, presented their product on the show, claiming to “disrupt” the traditional bubble tea…
The city of Prague is set to ban organised night-time pub crawls as part of a new initiative aimed at reducing disruptive behaviour by tourists and encouraging a more refined visitor experience. This decision, targeting travel agencies that cater to foreign tourists, especially those attending stag and hen parties, will take effect between 10 p.m….
7-Eleven, the popular convenience store chain, announced that it will be closing 444 underperforming locations across North America. The decision comes in response to several factors, including declining foot traffic, reduced cigarette sales, inflationary pressures, and shifting consumer habits. The closures, which will affect roughly 3% of the chain’s 13,000 stores across the U.S., Canada,…
Boeing announced on Friday that it will reduce its workforce by approximately 10% in response to severe financial struggles and ongoing operational challenges. In a memo to staff, CEO Kelly Ortberg revealed that the layoffs will occur “over the coming months” as the company seeks to navigate its difficult business environment and make strategic adjustments…
In the shadow of geopolitical tensions, the South Caucasus nation of Georgia has emerged as a pivotal hub in the global used car trade, with vehicles sourced primarily from the United States. A significant number of these cars are making their way into Russia, despite sanctions imposed following the country’s invasion of Ukraine. This complex…
Swish Fusion, the leading event platform for Africa’s retail, media, and technology sectors, is set to host Swish Fusion Talks, a pivotal event aimed at addressing the barriers hindering successful collaboration between Western and Indigenous businesses. The event, which takes place on November 27th, 2024, from 12 PM to 6 PM at The Zone, Gbagada…
The Dangote Refinery is set to commence crude oil production, as reported by S&P Global Commodity Insights. Despite ongoing difficulties in securing feedstock, the refinery is preparing to tap into its Niger Delta upstream projects, located in Oil Mining Leases (OML) 71 and 72. Production is expected to start at around 20,000 barrels per day…
Northern Ireland’s video game industry is seeing remarkable growth, with local developers like Jordan Bradley at the forefront of its expansion. Bradley, who nurtured a lifelong love for dinosaurs, turned a lockdown idea into what she hopes will become a successful video game. The result is Amber Isle, a charming life simulation and shopkeeping game…
Diageo is trialling a new reusable keg and bottle dispensing system for Smirnoff vodka in select bars across Ireland, aiming to significantly reduce carbon emissions. The pilot, which will run for six weeks, is expected to cut emissions by more than 50% per litre of vodka dispensed and minimise the need for single-use glass bottles….
Boeing has announced plans to reduce its workforce by 10%, resulting in approximately 17,000 job cuts, as the aerospace giant contends with mounting challenges across its business. The decision comes as the company faces ongoing labour strikes and delays in the production of its flagship 777X aircraft. In an internal email, CEO Kelly Ortberg informed…
Tesla’s long-anticipated Cybercab, a fully autonomous robotaxi, was officially unveiled by CEO Elon Musk at Warner Bros Studios in Burbank, California. The futuristic vehicle, which lacks pedals and a steering wheel, made its debut at an event titled “We, Robot,” where Musk highlighted the company’s vision for the future of self-driving technology. The Cybercab, with…
Luxury watch brand Bay Ice has named acclaimed Nigerian actress and entrepreneur Osas Ighodaro as the face of its latest wristwatch collection. Known for its exquisite craftsmanship and dedication to cultural representation, Bay Ice’s collaboration with Ighodaro highlights a fusion of elegance, professionalism, and black excellence. Ighodaro, a prominent figure in the entertainment industry, was…
Chinese authorities have detained four employees of Foxconn, the Taiwanese firm responsible for manufacturing iPhones, in a case that Taipei has labelled as “strange.” The arrests occurred in Zhengzhou, Henan province, with the workers facing “breach of trust” charges, according to Taiwan’s Mainland Affairs Council (MAC). The circumstances surrounding the detentions have sparked concerns in…
An Abuja Federal High Court has rejected a fresh bail application by Tigran Gambaryan, an executive at Binance Holdings Limited, currently held in custody. The court presided over by Justice Emeka Nwite, dismissed the request on Friday, ruling that it constituted an abuse of court process. Gambaryan had previously sought bail, and that request is…
Tesla CEO Elon Musk has officially unveiled the much-anticipated Cybercab, a futuristic robotaxi, during a special event titled “We, Robot” held at Warner Bros Studios in Burbank, California. The unveiling marks a significant step forward in Tesla’s pursuit of autonomous vehicles, though questions remain about the company’s ambitious timeline. The Cybercab, a sleek vehicle with…
The U.S. Department of Justice (DOJ) is contemplating the potential break-up of Google, the world’s largest search engine, following a landmark ruling that accused the tech giant of monopolistic practices. This move could result in one of the most significant regulatory actions in the history of Big Tech. In August, a court found that Google…
Tesla is set to unveil its highly anticipated self-driving robotaxi prototype, dubbed the Cybercab, at a special event on Thursday at Warner Bros Studios in Burbank, California. The event, titled “We, Robot,” marks a pivotal moment for the electric vehicle giant as it ventures deeper into autonomous vehicle technology. CEO Elon Musk has long championed…
British pharmaceutical giant GSK has agreed to pay up to $2.2 billion to resolve thousands of lawsuits in the U.S. related to claims that a discontinued version of its popular heartburn medication, Zantac, caused cancer. The company has reached settlement agreements with 10 law firms representing approximately 80,000 claimants, covering 93% of the cases filed….
The UK’s wealthiest 60 individuals collectively paid more than £3 billion in income tax during the 2021/22 fiscal year, new figures reveal. Each of these individuals earned at least £50 million annually, with many likely contributing even more through additional taxes such as capital gains. The amount contributed by this small group equates to roughly…
China has imposed new tariffs on European brandy imports, in what France claims is retaliation for the European Union’s recent decision to levy heavy duties on Chinese-made electric vehicles. The European Commission has vowed to challenge the tariffs at the World Trade Organization (WTO), calling China’s action an “abuse” of trade defence measures. China, however,…
Brazil’s Supreme Court has lifted its ban on the social media platform X, formerly known as Twitter, following the company’s compliance with court orders and the payment of a $5.1 million fine. Justice Alexandre de Moraes authorized the immediate restoration of X’s services in the country after it met the legal requirements imposed for failing…
A coalition of 14 state attorneys general has filed lawsuits against TikTok, accusing the popular social media platform of harming young people’s mental health through its addictive features and content. The lawsuits, led by New York Attorney General Letitia James and California Attorney General Rob Bonta, allege that TikTok’s design encourages excessive use among minors,…
Nigeria’s ambitious Lagos-Calabar Coastal Highway, a 700-kilometre project led by Hitech Construction, is poised to revolutionise the country’s economic landscape. By improving connectivity across key regions, this transformative infrastructure development aims to open new markets, stimulate regional growth, and create significant employment opportunities. Historically, nations have achieved economic breakthroughs through major infrastructure projects. From the…
Google, once synonymous with internet search, is seeing its long-held dominance of the U.S. search market gradually weaken. For the first time in decades, Google is projected to lose its majority control of the U.S. search market in 2024, according to a report by advertising research firm eMarketer. While Google will still be the largest…
Renowned filmmaker Kunle Afolayan has confirmed that his hit series Anikulapo will return for a second season on Netflix. Afolayan shared the news on Monday, October 7, through his Instagram account, revealing that filming for the upcoming season took place in Oyo State, Nigeria, and Ghana. The new season promises to delve deeper into captivating…
The Nigerian National Petroleum Company Limited (NNPCL) has reportedly ended its role as the exclusive buyer of Premium Motor Spirit (petrol) from the Dangote Refinery, according to a report from Premium Times. With this move, petroleum marketers will now have to source petrol directly from Dangote Refinery, bypassing the NNPCL. Efforts by DAILY POST to…
The concept of selling homes for $1 to combat urban decay has been tried in various cities for decades, beginning in the United States and extending globally. But the question remains: Do these schemes truly reverse urban blight, and who ultimately benefits? One of the earliest adopters of this approach was Baltimore, where Judy Aleksalza…
Meta, the parent company of Facebook, has been ordered by the European Union’s highest court to reduce its use of individuals’ data for personalised advertising, marking a major victory for privacy advocates. The Court of Justice of the European Union (CJEU) ruled in favour of privacy campaigner Max Schrems, who accused Facebook of misusing personal…
Stellantis, the parent company of Chrysler, has filed a federal lawsuit against the United Auto Workers (UAW), accusing the union of breaching its contract by threatening a strike over delays in planned company investments. The automaker filed the suit on Thursday in the U.S. District Court for the Central District of California, seeking to halt…
Elon Musk, the billionaire CEO of Tesla, has issued a stark warning about the U.S.’s financial future, predicting a looming bankruptcy due to skyrocketing national debt—a scenario he believes could trigger a major bitcoin price boom. The warning came after the U.S. national debt surged by $204 billion in just one day, hitting a record…
A 41-year-old Canadian woman, Adrienne Munju, has been arrested by the National Drug Law Enforcement Agency (NDLEA) at the Murtala Muhammed International Airport (MMIA) in Lagos for attempting to smuggle a large quantity of synthetic cannabis, known as ‘Canadian Loud’, into Nigeria. According to an official statement released by Femi Babafemi, Director of Media &…
OpenAI, the company behind the popular AI tool ChatGPT, has raised a staggering $6.6 billion in a private funding round, giving it a valuation of $157 billion. The investment, one of the largest in Silicon Valley history, brings in major tech players such as Microsoft, Nvidia, Thrive Capital, and SoftBank. However, as OpenAI transitions from…
YouTube sensations Logan Paul, MrBeast, and KSI have launched a new meal option aimed at providing a healthier alternative to Lunchables, a popular choice in the school lunch market. The trio’s new product, called Lunchly, combines their well-known brands into one all-in-one meal, targeting their vast and young fan base. Lunchly offers a selection of…
